Limelight Networks Stock Forecast, Price & News

Limelight Networks' stock was trading at $4.47 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, LLNW stock has increased by 27.1% and is now trading at $5.68.
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8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Limelight Networks in the last year. There are currently 1 hold rating and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Limelight Networks is scheduled to release its next quarterly earnings announcement on Wednesday, October 21st 2020.
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Limelight Networks, Inc. (NASDAQ:LLNW) issued its earnings results on Monday, July, 20th. The information services provider reported $0.03 EPS for the quarter, beating the consensus estimate of $0.01 by $0.02. The information services provider earned $58.55 million during the quarter, compared to the consensus estimate of $56.72 million. Limelight Networks had a negative net margin of 3.21% and a negative return on equity of 4.42%. The firm's revenue was up 27.5% on a year-over-year basis. During the same period in the prior year, the business earned ($0.03) earnings per share.
View Limelight Networks' earnings history.

Limelight Networks issued an update on its FY20 earnings guidance on Monday, July, 20th. The company provided earnings per share guidance of $0.00-0.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.05. The company issued revenue guidance of $230-240 million, compared to the consensus revenue estimate of $221.09 million.

8 Wall Street analysts have issued 12 month target prices for Limelight Networks' shares. Their forecasts range from $4.10 to $9.00. On average, they expect Limelight Networks' stock price to reach $8.09 in the next year. This suggests a possible upside of 42.4% from the stock's current price.
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Some companies that are related to Limelight Networks include Facebook (FB), Equinix (EQIX), SEA (SE), eBay (EBAY), Twitter (TWTR), CoStar Group (CSGP), Verisign (VRSN), Akamai Technologies (AKAM), ANGI Homeservices (ANGI), LogMeIn (LOGM), Stamps.com (STMP), Envestnet (ENV), J2 Global (JCOM), LivePerson (LPSN) and SPS Commerce (SPSC).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Limelight Networks investors own include Advanced Micro Devices (AMD), NVIDIA (NVDA), Plug Power (PLUG), Square (SQ), Micron Technology (MU), Inovio Pharmaceuticals (INO), Nokia Oyj (NOK), QUALCOMM (QCOM), Fastly (FSLY) and Intel (INTC).

Limelight Networks trades on the NASDAQ under the ticker symbol "LLNW."

Limelight Networks' stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (5.11%), Federated Hermes Inc. (4.24%), Driehaus Capital Management LLC (2.74%), Marshall Wace North America L.P. (2.08%), AWM Investment Company Inc. (1.70%) and Wasatch Advisors Inc. (1.51%). Company insiders that own Limelight Networks stock include David Peterschmidt, Jeffrey T Fisher, Kurt Silverman, Michael Disanto, Robert A Lento, Sajid Malhotra, Thomas Marth and Walter Amaral.
View institutional ownership trends for Limelight Networks.

LLNW stock was sold by a variety of institutional investors in the last quarter, including Quaker Capital Investments LLC, Intrinsic Edge Capital Management LLC, Wasatch Advisors Inc., Heartland Advisors Inc., Driehaus Capital Management LLC, Falcon Point Capital LLC, Russell Investments Group Ltd., and AQR Capital Management LLC. Company insiders that have sold Limelight Networks company stock in the last year include David Peterschmidt, Jeffrey T Fisher, Kurt Silverman, Michael Disanto, Robert A Lento, Sajid Malhotra, Thomas Marth, and Walter Amaral.
View insider buying and selling activity for Limelight Networks.

LLNW stock was acquired by a variety of institutional investors in the last quarter, including Marshall Wace North America L.P., Macquarie Group Ltd., Marshall Wace LLP, Monarch Partners Asset Management LLC, Great Lakes Advisors LLC, Federated Hermes Inc., Cowen Prime Services LLC, and Mackay Shields LLC. Company insiders that have bought Limelight Networks stock in the last two years include Sajid Malhotra, and Thomas Marth.
View insider buying and selling activity for Limelight Networks.

Shares of LLNW can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of LLNW stock can currently be purchased for approximately $5.68.

Limelight Networks has a market capitalization of $693.37 million and generates $200.63 million in revenue each year. The information services provider earns $-16,040,000.00 in net income (profit) each year or ($0.14) on an earnings per share basis. Limelight Networks employs 562 workers across the globe.

The official website for Limelight Networks is www.limelight.com.

Limelight Networks' mailing address is 1465 NORTH SCOTTSDALE ROAD SUITE 400, SCOTTSDALE AZ, 85257. The information services provider can be reached via phone at 602-850-5000 or via email at [email protected]