Zacks: Analysts Expect Limelight Networks, Inc. (NASDAQ:LLNW) Will Announce Earnings of -$0.02 Per Share

Analysts expect Limelight Networks, Inc. (NASDAQ:LLNW) to post earnings of ($0.02) per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Limelight Networks’ earnings, with the lowest EPS estimate coming in at ($0.02) and the highest estimate coming in at $0.00. Limelight Networks reported earnings of ($0.04) per share during the same quarter last year, which indicates a positive year over year growth rate of 50%. The firm is expected to issue its next quarterly earnings report on Wednesday, April 15th.

According to Zacks, analysts expect that Limelight Networks will report full year earnings of $0.04 per share for the current financial year, with EPS estimates ranging from $0.02 to $0.07. For the next fiscal year, analysts anticipate that the company will report earnings of $0.10 per share, with EPS estimates ranging from $0.08 to $0.14. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Limelight Networks.

Limelight Networks (NASDAQ:LLNW) last posted its quarterly earnings data on Wednesday, January 29th. The information services provider reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The firm had revenue of $60.13 million for the quarter, compared to the consensus estimate of $58.79 million. Limelight Networks had a negative return on equity of 10.02% and a negative net margin of 8.00%. The company’s revenue was up 36.7% on a year-over-year basis.

Several analysts have issued reports on the company. Zacks Investment Research upgraded Limelight Networks from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. ValuEngine downgraded Limelight Networks from a “buy” rating to a “hold” rating in a report on Tuesday, December 3rd. BidaskClub downgraded Limelight Networks from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 4th. B. Riley reiterated a “buy” rating and issued a $6.50 target price on shares of Limelight Networks in a report on Tuesday, January 28th. Finally, DA Davidson upped their target price on Limelight Networks to $4.10 and gave the company a “neutral” rating in a report on Wednesday, December 11th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Limelight Networks currently has an average rating of “Hold” and a consensus target price of $5.30.

NASDAQ LLNW traded down $0.11 on Friday, hitting $5.45. 944,637 shares of the company were exchanged, compared to its average volume of 1,342,810. The company’s 50 day moving average price is $4.90 and its 200-day moving average price is $3.78. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.19 and a quick ratio of 2.19. The firm has a market capitalization of $617.97 million, a P/E ratio of -41.92 and a beta of 2.13. Limelight Networks has a twelve month low of $2.20 and a twelve month high of $5.69.

Several hedge funds and other institutional investors have recently made changes to their positions in LLNW. Lord Abbett & CO. LLC bought a new stake in shares of Limelight Networks in the 4th quarter valued at approximately $9,444,000. Driehaus Capital Management LLC bought a new stake in shares of Limelight Networks in the 4th quarter valued at approximately $9,262,000. Nuveen Asset Management LLC bought a new stake in shares of Limelight Networks in the 2nd quarter valued at approximately $3,839,000. Royce & Associates LP grew its stake in shares of Limelight Networks by 44.1% in the 4th quarter. Royce & Associates LP now owns 2,000,953 shares of the information services provider’s stock valued at $8,164,000 after buying an additional 612,181 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Limelight Networks by 7.7% in the 2nd quarter. Vanguard Group Inc. now owns 5,830,689 shares of the information services provider’s stock valued at $15,742,000 after buying an additional 415,347 shares in the last quarter. 76.59% of the stock is owned by institutional investors and hedge funds.

About Limelight Networks

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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