NASDAQ:LLNW - Limelight Networks Stock Price, Forecast & News

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

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

Limelight Networks is scheduled to release their next quarterly earnings announcement on Wednesday, January 29th 2020. View Earnings Estimates for Limelight Networks.

Limelight Networks updated its FY19 earnings guidance on Wednesday, October, 16th. The company provided earnings per share (EPS) guidance of near breakeven for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.02). The company issued revenue guidance of $200-210 million, compared to the consensus revenue estimate of $197.88 million.

3 analysts have issued 1-year price objectives for Limelight Networks' stock. Their forecasts range from $2.70 to $4.10. On average, they anticipate Limelight Networks' stock price to reach $3.40 in the next year. This suggests that the stock has a possible downside of 18.1%. View Analyst Price Targets for Limelight Networks.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Limelight Networks in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Limelight Networks.

Media coverage about LLNW stock has trended somewhat positive recently, according to InfoTrie Sentiment. The research group identifies positive and negative media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Limelight Networks earned a news impact score of 0.7 on InfoTrie's scale. They also gave news headlines about the information services provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the immediate future. View News Stories for Limelight Networks.

Limelight Networks saw a increase in short interest in November. As of November 15th, there was short interest totalling 6,470,000 shares, an increase of 27.1% from the October 31st total of 5,090,000 shares. Based on an average trading volume of 1,020,000 shares, the days-to-cover ratio is currently 6.3 days. Currently, 5.8% of the shares of the stock are short sold. View Limelight Networks' Current Options Chain.

Some companies that are related to Limelight Networks include Facebook (FB), Equinix (EQIX), eBay (EBAY), Twitter (TWTR), Verisign (VRSN), CoStar Group (CSGP), Akamai Technologies (AKAM), SEA (SE), J2 Global (JCOM), ANGI Homeservices (ANGI), Envestnet (ENV), LogMeIn (LOGM), Cornerstone OnDemand (CSOD), Cimpress (CMPR) and LivePerson (LPSN).

Based on aggregate information from My MarketBeat watchlists, some companies that other Limelight Networks investors own include Netflix (NFLX), Corbus Pharmaceuticals (CRBP), Rigel Pharmaceuticals (RIGL), Catalyst Pharmaceuticals (CPRX), Plug Power (PLUG), Chesapeake Energy (CHK), Ford Motor (F), Immunomedics (IMMU), Inovio Pharmaceuticals (INO) and NVIDIA (NVDA).

Limelight Networks' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Granahan Investment Management Inc. MA (2.75%), State Street Corp (1.88%), Russell Investments Group Ltd. (0.79%), Adirondack Research & Management Inc. (0.33%), California Public Employees Retirement System (0.28%) and California State Teachers Retirement System (0.15%). Company insiders that own Limelight Networks stock include Daniel R Boncel, David Peterschmidt, George Vonderhaar, Goldman Sachs Group Inc, Jeffrey T Fisher, Kurt Silverman, Robert A Lento, Sajid Malhotra and Thomas Marth. View Institutional Ownership Trends for Limelight Networks.

LLNW stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., State Street Corp, Metropolitan Life Insurance Co NY and Voya Investment Management LLC. View Insider Buying and Selling for Limelight Networks.

LLNW stock was bought by a variety of institutional investors in the last quarter, including Granahan Investment Management Inc. MA, Adirondack Research & Management Inc., FNY Investment Advisers LLC, California Public Employees Retirement System, Traynor Capital Management Inc., Squarepoint Ops LLC, Rhumbline Advisers and Creative Financial Designs Inc. ADV. Company insiders that have bought Limelight Networks stock in the last two years include Sajid Malhotra and Thomas Marth. View Insider Buying and Selling 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 $4.15.

Limelight Networks has a market capitalization of $483.57 million and generates $195.67 million in revenue each year. The information services provider earns $9.84 million in net income (profit) each year or ($0.02) on an earnings per share basis. Limelight Networks employs 562 workers across the globe.View Additional Information About Limelight Networks.

The official website for Limelight Networks is http://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]