Limelight Networks, Inc. (NASDAQ:LLNW) has been assigned a consensus recommendation of “Buy” from the seven brokerages that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $5.00.
LLNW has been the subject of a number of analyst reports. B. Riley restated a “buy” rating and issued a $5.30 price objective (up from $4.30) on shares of Limelight Networks in a research note on Thursday, October 12th. DA Davidson set a $5.50 price objective on shares of Limelight Networks and gave the stock a “buy” rating in a research note on Monday, October 16th. Cowen restated an “outperform” rating and issued a $6.00 price objective (up from $4.00) on shares of Limelight Networks in a research note on Thursday, October 19th. Zacks Investment Research upgraded shares of Limelight Networks from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a research note on Friday, October 20th. Finally, BidaskClub cut shares of Limelight Networks from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th.
In other news, Director Mark J. Midle sold 15,000,000 shares of the company’s 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 37.60% of the stock is currently owned by corporate insiders.
Shares of Limelight Networks (NASDAQ LLNW) traded down $0.17 on Friday, reaching $4.01. 1,340,418 shares of the company were exchanged, compared to its average volume of 662,254. Limelight Networks has a 52-week low of $2.10 and a 52-week high of $6.05. The stock has a market capitalization of $475.93, a P/E ratio of -57.56, a PEG ratio of 648.00 and a beta of 2.45.
Limelight Networks (NASDAQ:LLNW) last announced its quarterly earnings data on Wednesday, February 7th. The information services provider reported $0.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.03. The firm had revenue of $48.19 million for the quarter, compared to the consensus estimate of $47.74 million. Limelight Networks had a negative net margin of 4.14% and a negative return on equity of 1.51%. The firm’s revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.02 earnings per share.
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.
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