Brokers Issue Forecasts for Limelight Networks, Inc.’s Q2 2020 Earnings (NASDAQ:LLNW)

Limelight Networks, Inc. (NASDAQ:LLNW) – Research analysts at B. Riley issued their Q2 2020 earnings per share (EPS) estimates for shares of Limelight Networks in a research report issued to clients and investors on Monday, December 9th, according to Zacks Investment Research. B. Riley analyst L. Krowl forecasts that the information services provider will post earnings of ($0.02) per share for the quarter. B. Riley currently has a “Buy” rating and a $4.10 price target on the stock. B. Riley also issued estimates for Limelight Networks’ Q3 2020 earnings at ($0.02) EPS and FY2021 earnings at ($0.01) EPS.

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

A number of other equities research analysts also recently weighed in on LLNW. ValuEngine downgraded shares of Limelight Networks from a “buy” rating to a “hold” rating in a report on Tuesday, December 3rd. Zacks Investment Research downgraded shares of Limelight Networks from a “hold” rating to a “sell” rating in a report on Wednesday, December 18th. DA Davidson upped their price target on shares of Limelight Networks to $4.10 and gave the company a “neutral” rating in a report on Wednesday, December 11th. Finally, BidaskClub downgraded shares of Limelight Networks from a “buy” rating to a “hold” rating in a report on Tuesday, December 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $4.10.

NASDAQ LLNW traded down $0.02 on Wednesday, reaching $4.16. The company’s stock had a trading volume of 631,290 shares, compared to its average volume of 784,149. Limelight Networks has a twelve month low of $2.20 and a twelve month high of $4.72. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.74 and a current ratio of 1.74. The stock has a market cap of $487.07 million, a PE ratio of -208.00 and a beta of 2.15. The firm’s 50 day moving average is $4.14 and its two-hundred day moving average is $3.26.

A number of hedge funds have recently bought and sold shares of LLNW. California State Teachers Retirement System lifted its position in shares of Limelight Networks by 2.7% in the third quarter. California State Teachers Retirement System now owns 176,491 shares of the information services provider’s stock worth $535,000 after purchasing an additional 4,674 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its position in shares of Limelight Networks by 12.6% in the third quarter. Creative Financial Designs Inc. ADV now owns 41,900 shares of the information services provider’s stock worth $121,000 after purchasing an additional 4,700 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Limelight Networks by 5.5% in the third quarter. Rhumbline Advisers now owns 161,577 shares of the information services provider’s stock worth $490,000 after purchasing an additional 8,475 shares in the last quarter. Northern Trust Corp lifted 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 worth $3,645,000 after purchasing an additional 9,127 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted 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 worth $725,000 after purchasing an additional 9,222 shares in the last quarter. 77.14% of the stock is owned by 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, social, and other digital initiatives.

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