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

Equities analysts expect Limelight Networks, Inc. (NASDAQ:LLNW) to post $0.01 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Limelight Networks’ earnings, with the lowest EPS estimate coming in at $0.00 and the highest estimate coming in at $0.02. Limelight Networks posted earnings of $0.02 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 50%. The business is expected to announce its next quarterly earnings results on Wednesday, February 14th.

According to Zacks, analysts expect that Limelight Networks will report full-year earnings of $0.08 per share for the current year, with EPS estimates ranging from $0.07 to $0.09. For the next year, analysts expect that the firm will post earnings of $0.10 per share, with EPS estimates ranging from $0.10 to $0.11. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Limelight Networks.

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. Limelight Networks had a negative return on equity of 3.29% and a negative net margin of 5.91%. The company had revenue of $46.07 million during the quarter, compared to the consensus estimate of $43.09 million. The firm’s revenue for the quarter was up 16.7% compared to the same quarter last year.

Several research analysts have recently weighed in on LLNW shares. Zacks Investment Research raised Limelight Networks from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a research report on Friday, October 20th. B. Riley reaffirmed a “buy” rating and set a $6.00 price objective on shares of Limelight Networks in a research report on Wednesday, December 13th. DA Davidson set a $5.50 price objective on Limelight Networks and gave the stock a “buy” rating in a research report on Monday, October 16th. Finally, Cowen reaffirmed an “outperform” rating and set a $6.00 price objective (up from $4.00) on shares of Limelight Networks in a research report on Thursday, October 19th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Limelight Networks presently has an average rating of “Buy” and an average target price of $5.00.

Limelight Networks (NASDAQ LLNW) opened at $4.52 on Wednesday. The firm has a market capitalization of $512.29, a PE ratio of -45.20 and a beta of 2.52. Limelight Networks has a 52-week low of $2.02 and a 52-week high of $6.05.

In related news, Director Mark J. Midle sold 15,000,000 shares of the stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $4.35, for a total transaction of $65,250,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 37.60% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in LLNW. Vanguard Group Inc. raised its stake in Limelight Networks by 24.0% in the first quarter. Vanguard Group Inc. now owns 3,307,238 shares of the information services provider’s stock valued at $8,533,000 after buying an additional 639,265 shares during the period. Geode Capital Management LLC increased its stake in shares of Limelight Networks by 6.7% during the first quarter. Geode Capital Management LLC now owns 477,917 shares of the information services provider’s stock worth $1,233,000 after purchasing an additional 29,892 shares during the period. Strs Ohio increased its stake in shares of Limelight Networks by 136.3% during the second quarter. Strs Ohio now owns 160,900 shares of the information services provider’s stock worth $465,000 after purchasing an additional 92,800 shares during the period. Chicago Equity Partners LLC increased its stake in shares of Limelight Networks by 138.4% during the second quarter. Chicago Equity Partners LLC now owns 376,072 shares of the information services provider’s stock worth $1,087,000 after purchasing an additional 218,342 shares during the period. Finally, First Washington CORP increased its stake in shares of Limelight Networks by 19.7% during the second quarter. First Washington CORP now owns 1,478,176 shares of the information services provider’s stock worth $4,272,000 after purchasing an additional 243,055 shares during the period. Hedge funds and other institutional investors own 69.96% of the company’s stock.

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Limelight Networks Company Profile

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.

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

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