Analysts Anticipate Limelight Networks, Inc. (LLNW) to Post -$0.01 Earnings Per Share

Wall Street brokerages forecast that Limelight Networks, Inc. (NASDAQ:LLNW) will post earnings per share of ($0.01) for the current quarter, Zacks reports. Four analysts have issued estimates for Limelight Networks’ earnings, with estimates ranging from ($0.03) to $0.01. Limelight Networks posted earnings of $0.04 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 125%. The firm is expected to report its next quarterly earnings report on Thursday, July 18th.

According to Zacks, analysts expect that Limelight Networks will report full year earnings of $0.08 per share for the current fiscal year, with EPS estimates ranging from $0.05 to $0.10. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.19 per share, with EPS estimates ranging from $0.16 to $0.23. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Limelight Networks.

Limelight Networks (NASDAQ:LLNW) last announced its earnings results on Wednesday, April 17th. The information services provider reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.03). The business had revenue of $43.28 million for the quarter, compared to the consensus estimate of $44.87 million. Limelight Networks had a net margin of 0.61% and a negative return on equity of 8.25%. The business’s quarterly revenue was down 17.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.06 earnings per share.

LLNW has been the subject of a number of recent analyst reports. BidaskClub upgraded shares of Limelight Networks from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Zacks Investment Research upgraded shares of Limelight Networks from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Limelight Networks currently has an average rating of “Hold” and an average target price of $6.31.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in shares of Limelight Networks by 0.8% in the first quarter. BlackRock Inc. now owns 7,732,810 shares of the information services provider’s stock worth $24,978,000 after buying an additional 58,567 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Limelight Networks by 0.4% in the third quarter. Vanguard Group Inc. now owns 4,881,182 shares of the information services provider’s stock worth $24,503,000 after buying an additional 21,464 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Limelight Networks by 1.4% in the first quarter. Dimensional Fund Advisors LP now owns 4,435,981 shares of the information services provider’s stock worth $14,327,000 after buying an additional 63,361 shares in the last quarter. Federated Investors Inc. PA lifted its holdings in shares of Limelight Networks by 23.5% in the first quarter. Federated Investors Inc. PA now owns 4,325,000 shares of the information services provider’s stock worth $13,970,000 after buying an additional 822,552 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of Limelight Networks by 1.2% in the first quarter. Wellington Management Group LLP now owns 3,966,836 shares of the information services provider’s stock worth $12,813,000 after buying an additional 48,358 shares in the last quarter. 73.03% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ LLNW traded up $0.05 during trading hours on Friday, hitting $3.06. 22,230 shares of the company’s stock traded hands, compared to its average volume of 1,235,363. The firm has a market capitalization of $357.29 million, a price-to-earnings ratio of -153.00 and a beta of 2.38. Limelight Networks has a 52 week low of $2.21 and a 52 week high of $5.32. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.01.

Limelight Networks Company Profile

Limelight Networks, Inc provides content delivery and related services and solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers services and solutions for businesses to deliver their digital content across Internet, mobile, social, and other digital initiatives.

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Earnings History and Estimates for Limelight Networks (NASDAQ:LLNW)

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