Zacks: Brokerages Expect Limelight Networks, Inc. (NASDAQ:LLNW) Will Post Earnings of $0.05 Per Share

Brokerages expect that Limelight Networks, Inc. (NASDAQ:LLNW) will report $0.05 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for Limelight Networks’ earnings. The lowest EPS estimate is $0.03 and the highest is $0.05. The firm is expected to announce its next earnings report on Wednesday, January 29th.

On average, analysts expect that Limelight Networks will report full-year earnings of ($0.02) per share for the current fiscal year, with EPS estimates ranging from ($0.04) to ($0.01). For the next year, analysts forecast that the firm will report earnings of $0.08 per share, with EPS estimates ranging from $0.04 to $0.10. Zacks’ earnings per share averages are an average based on a survey of analysts that cover Limelight Networks.

Limelight Networks (NASDAQ:LLNW) last released its earnings results on Wednesday, October 16th. The information services provider reported $0.01 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.01. Limelight Networks had a negative return on equity of 14.82% and a negative net margin of 12.84%. The business had revenue of $51.32 million for the quarter, compared to analysts’ expectations of $49.89 million. During the same quarter in the prior year, the firm earned $0.03 earnings per share. The firm’s revenue was up 4.1% on a year-over-year basis.

A number of brokerages recently weighed in on LLNW. BidaskClub raised Limelight Networks from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 24th. B. Riley raised their price objective on Limelight Networks from $3.70 to $4.10 and gave the company a “buy” rating in a research note on Thursday, October 17th. ValuEngine downgraded Limelight Networks from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Zacks Investment Research upgraded Limelight Networks from a “sell” rating to a “hold” rating in a report on Wednesday, September 18th. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $3.40.

LLNW opened at $4.19 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $497.55 million, a P/E ratio of -209.50 and a beta of 2.18. The stock has a 50-day moving average price of $4.16 and a 200-day moving average price of $3.10. Limelight Networks has a 12-month low of $2.20 and a 12-month high of $4.72.

Several institutional investors have recently modified their holdings of LLNW. California State Teachers Retirement System raised its holdings in Limelight Networks by 2.7% during the 3rd quarter. California State Teachers Retirement System now owns 176,491 shares of the information services provider’s stock valued at $535,000 after buying an additional 4,674 shares during the last quarter. Creative Financial Designs Inc. ADV grew its holdings in Limelight Networks by 12.6% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 41,900 shares of the information services provider’s stock worth $121,000 after acquiring an additional 4,700 shares during the last quarter. Rhumbline Advisers grew its holdings in Limelight Networks by 5.5% in the 3rd quarter. Rhumbline Advisers now owns 161,577 shares of the information services provider’s stock worth $490,000 after acquiring an additional 8,475 shares during the last quarter. Northern Trust Corp increased its position in shares of Limelight Networks by 0.7% in the second quarter. Northern Trust Corp now owns 1,350,061 shares of the information services provider’s stock valued at $3,645,000 after acquiring an additional 9,127 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Limelight Networks by 3.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 268,479 shares of the information services provider’s stock valued at $725,000 after acquiring an additional 9,222 shares during the period. Hedge funds and other institutional investors own 76.59% of the company’s stock.

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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