Limelight Networks, Inc. (LLNW) to Post Q1 2019 Earnings of ($0.04) Per Share, Oppenheimer Forecasts

Limelight Networks, Inc. (NASDAQ:LLNW) – Analysts at Oppenheimer dropped their Q1 2019 EPS estimates for Limelight Networks in a research report issued to clients and investors on Monday, February 11th. Oppenheimer analyst T. Horan now forecasts that the information services provider will post earnings per share of ($0.04) for the quarter, down from their prior estimate of ($0.03). Oppenheimer also issued estimates for Limelight Networks’ Q3 2019 earnings at $0.02 EPS and FY2020 earnings at $0.11 EPS.

Limelight Networks (NASDAQ:LLNW) last announced its earnings results on Wednesday, January 30th. The information services provider reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04). The company had revenue of $44.00 million during the quarter, compared to analysts’ expectations of $43.73 million. Limelight Networks had a net margin of 5.03% and a negative return on equity of 1.34%. The company’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.04 earnings per share.

Several other research firms also recently commented on LLNW. BidaskClub raised shares of Limelight Networks from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 30th. ValuEngine downgraded shares of Limelight Networks from a “buy” rating to a “hold” rating in a research note on Tuesday, November 6th. TheStreet downgraded shares of Limelight Networks from a “b-” rating to a “c+” rating in a research note on Tuesday, October 30th. Finally, Raymond James raised shares of Limelight Networks from an “underperform” rating to a “market perform” rating in a research note on Tuesday, January 29th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $6.25.

Shares of LLNW opened at $2.97 on Wednesday. The company has a market capitalization of $339.31 million, a P/E ratio of -148.50, a P/E/G ratio of 20.07 and a beta of 2.75. Limelight Networks has a 1-year low of $2.21 and a 1-year high of $5.52.

Hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its holdings in shares of Limelight Networks by 0.3% in the third quarter. BlackRock Inc. now owns 7,729,999 shares of the information services provider’s stock worth $38,805,000 after purchasing an additional 22,448 shares during the last quarter. Vanguard Group Inc. grew 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 purchasing an additional 21,464 shares during the last quarter. Vanguard Group Inc grew 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 purchasing an additional 21,464 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Limelight Networks by 7.6% in the third quarter. Dimensional Fund Advisors LP now owns 4,311,687 shares of the information services provider’s stock worth $21,646,000 after purchasing an additional 305,571 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Limelight Networks by 42.6% in the third quarter. JPMorgan Chase & Co. now owns 2,787,660 shares of the information services provider’s stock worth $13,994,000 after purchasing an additional 832,689 shares during the last quarter. 71.77% of the stock is currently owned by hedge funds and other institutional investors.

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, and social channels. It provides Orchestrate Platform, a suite of integrated services comprising content delivery, video content management, Website and Web application acceleration, Website and content security, and cloud storage services.

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

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