Limelight Networks, Inc. (NASDAQ:LLNW) has earned a consensus recommendation of “Buy” from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $5.00.
A number of equities analysts have recently issued reports on the stock. B. Riley reiterated a “buy” rating and issued a $6.00 price target on shares of Limelight Networks in a report on Thursday. Zacks Investment Research downgraded shares of Limelight Networks from a “strong-buy” rating to a “hold” rating in a report on Tuesday. DA Davidson set a $5.50 price target on shares of Limelight Networks and gave the company a “buy” rating in a report on Monday, October 16th. Finally, Cowen reiterated an “outperform” rating and issued a $6.00 price target (up previously from $4.00) on shares of Limelight Networks in a report on Thursday, October 19th.
In other news, Director Mark J. Midle sold 15,000,000 shares of the stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $4.35, for a total value of $65,250,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 37.60% of the company’s stock.
Shares of Limelight Networks (LLNW) traded up $0.02 during trading on Thursday, reaching $4.72. 500,600 shares of the company’s stock were exchanged, compared to its average volume of 527,195. Limelight Networks has a 52 week low of $2.02 and a 52 week high of $6.05.
Limelight Networks (NASDAQ:LLNW) last announced its quarterly earnings results on Wednesday, October 18th. The information services provider reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $46.07 million during the quarter, compared to the consensus estimate of $43.09 million. Limelight Networks had a negative net margin of 5.91% and a negative return on equity of 3.29%. The business’s quarterly revenue was up 16.7% compared to the same quarter last year. sell-side analysts expect that Limelight Networks will post -0.04 earnings per share for the current year.
TRADEMARK VIOLATION NOTICE: “Limelight Networks, Inc. (LLNW) Given Average Recommendation of “Buy” by Analysts” was first reported by Community Financial News and is the property of of Community Financial News. If you are viewing this article on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://www.com-unik.info/2017/12/21/limelight-networks-inc-llnw-given-average-recommendation-of-buy-by-analysts.html.
About Limelight Networks
Limelight Networks, Inc operates a distributed network and provides a suite of integrated services marketed as the Limelight Orchestrate Platform. The Company is engaged in providing content delivery and related services and solutions for global businesses to help them deliver their digital content across Internet, mobile, and social channels.
Receive News & Ratings for Limelight Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Limelight Networks and related companies with MarketBeat.com's FREE daily email newsletter.