Limelight Networks, Inc. operates a distributed network and provides a suite of integrated services marketed as the Limelight Orchestrate Platform. The Company is engaged in providing content delivery and related services and solutions for global businesses to help them deliver their digital content across Internet, mobile, and social channels. Its services include content delivery services, mobile delivery services, video content management services, performance services, cloud-based storage services and cloud-based content security services. Its solutions include software and device manufacturers, media and broadcasters, and gaming. Limelight services incorporate content and application security, file management, video transformation, distributed storage functionality, and the analytics and reporting associated with them. The Company operates in three geographic areas: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific.
Industry, Sector and Symbol:
- Sector: Computer and Technology
- Industry: IT Services & Consulting - NEC
- Sub-Industry: Internet Software & Services
- Symbol: NASDAQ:LLNW
- CUSIP: 53261M10
- Web: www.limelightnetworks.com
- Market Cap: $399.85 million
- Outstanding Shares: 109,249,000
- 50 Day Moving Avg: $3.37
- 200 Day Moving Avg: $2.86
- 52 Week Range: $1.45 - $3.78
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 36.60
- P/E Growth: 30.00
- Annual Revenue: $173.36 million
- Price / Sales: 2.31
- Book Value: $1.29 per share
- Price / Book: 2.84
- EBIDTA: $6.99 million
- Net Margins: -8.65%
- Return on Equity: -5.03%
- Return on Assets: -3.39%
- Current Ratio: 2.13%
- Quick Ratio: 2.13%
- Average Volume: 329,036 shs.
- Beta: 2.49
- Short Ratio: 1.35
Frequently Asked Questions for Limelight Networks (NASDAQ:LLNW)
What is Limelight Networks' stock symbol?
Limelight Networks trades on the NASDAQ under the ticker symbol "LLNW."
How will Limelight Networks' stock buyback program work?
Limelight Networks announced that its board has authorized a stock repurchase program on Monday, April 10th 2017, which allows the company to repurchase $25,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 10.6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.
How were Limelight Networks' earnings last quarter?
Limelight Networks, Inc. (NASDAQ:LLNW) posted its earnings results on Wednesday, July, 26th. The company reported $0.03 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.01 by $0.02. The business earned $45.37 million during the quarter, compared to analysts' expectations of $45.25 million. Limelight Networks had a negative return on equity of 5.03% and a negative net margin of 8.65%. The business's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.01 EPS. View Limelight Networks' Earnings History.
When will Limelight Networks make its next earnings announcement?
What guidance has Limelight Networks issued on next quarter's earnings?
Limelight Networks issued an update on its FY17 earnings guidance on Wednesday, July, 26th. The company provided EPS guidance of $0.05-0.07 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.05. The company issued revenue guidance of $180-182 million, compared to the consensus revenue estimate of $179.85 million.
Where is Limelight Networks' stock going? Where will Limelight Networks' stock price be in 2017?
4 brokers have issued 1-year target prices for Limelight Networks' stock. Their predictions range from $2.50 to $4.30. On average, they expect Limelight Networks' stock price to reach $3.43 in the next twelve months. View Analyst Ratings for Limelight Networks.
What are analysts saying about Limelight Networks stock?
Here are some recent quotes from research analysts about Limelight Networks stock:
- 1. According to Zacks Investment Research, "LIMELIGHT NETWORKS, INC. is a content delivery partner enabling the next wave of Internet business and entertainment. More than 1300 Internet, entertainment, software, and technology brands trust their robust, scalable platform to monetize their digital assets by delivering a brilliant online experience to their global audience. LimeLight's architecture bypasses the busy public Internet using a dedicated optical network that interconnects thousands of servers and delivers massive files at the speed of light -- directly to the access networks that consumers use every day. LimeLight's proven network and passion for service assures their customers that every object in their library will be instantly delivered to every user, every time. " (6/27/2017)
- 2. FBR & Co analysts commented, "LLNW delivered solid 4Q results that handily surpassed consensus expectations. A laser focus on cost management is driving material improvement in margins. Management appears to be finding a path of sustainable growth and improved profitability. Gross margin guidance of at least 150 bps of expansion in FY17 suggests to us that R&D investments are beginning to bear fruit, as incremental network capacity can be added at relatively low incremental cost, coinciding with steady growth in OTT content. During the quarter, the gross margin expanded by an impressive 387 bps YOY; the adjusted EBITDA margin surged by 478 bps YOY . Looking into FY17, management plans to increase marketing spending (following lower YOY marketing spending in FY16), which should benefit the top line and drive EBITDA growth, in our view. However, we also see AKAM moving more aggressively in the marketplace to replace lost revenue from DIY service providers, which could affect LLNW’s ability to sustain momentum. With that said, we maintain Market Perform and our $2.50 price target." (2/9/2017)
Who are some of Limelight Networks' key competitors?
Some companies that are related to Limelight Networks include Softcat PLC (SCT), LivePerson (LPSN), Monotype Imaging Holdings (TYPE), Datatec (DTC), First Derivatives plc (FDP), Silver Spring Networks (SSNI), Perficient (PRFT), Premiere Global Services (PGI), NCC Group PLC (NCC), Carbonite (CARB), 21Vianet Group (VNET), VASCO Data Security International (VDSI), SDL plc (SDL), Actua Corp (ACTA), Computer Programs and Systems (CPSI), Unisys Corporation (UIS), AgroFresh Solutions (AGFS) and Internap Corporation (INAP).
Who are Limelight Networks' key executives?
Limelight Networks' management team includes the folowing people:
- Robert A. Lento, President, Chief Executive Officer, Director
- Sajid Malhotra, Chief Financial Officer
- Michael DiSanto, Chief Administrative and Legal Officer and Secretary
- George E. Vonderhaar, Chief Sales Officer
- Walter D. Amaral, Non-Executive Independent Chairman of the Board
- Doug Bewsher, Director
- Scott Genereux, Director
- Jeffrey T. Fisher, Independent Director
- Mark J Midle, Independent Director
Who owns Limelight Networks stock?
Limelight Networks' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Goldman Sachs Group Inc. (28.34%), Dimensional Fund Advisors LP (3.54%), Vanguard Group Inc. (2.73%), Banque Pictet & Cie SA (1.78%), Hood River Capital Management LLC (1.59%) and JPMorgan Chase & Co. (1.55%). View Institutional Ownership Trends for Limelight Networks.
Who sold Limelight Networks stock? Who is selling Limelight Networks stock?
Limelight Networks' stock was sold by a variety of institutional investors in the last quarter, including Hood River Capital Management LLC, Vanguard Group Inc., Royce & Associates LP, Nationwide Fund Advisors, JPMorgan Chase & Co., Horrell Capital Management Inc., Alliancebernstein L.P. and California State Teachers Retirement System. View Insider Buying and Selling for Limelight Networks.
Who bought Limelight Networks stock? Who is buying Limelight Networks stock?
Limelight Networks' stock was acquired by a variety of institutional investors in the last quarter, including EAM Investors LLC, Algert Global LLC, Hillsdale Investment Management Inc., First Washington CORP, Chicago Equity Partners LLC, State Street Corp, Northern Trust Corp and Strs Ohio. View Insider Buying and Selling for Limelight Networks.
How do I buy Limelight Networks stock?
Shares of Limelight Networks can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Limelight Networks' stock price today?
MarketBeat Community Rating for Limelight Networks (NASDAQ LLNW)MarketBeat's community ratings are surveys of what our community members think about Limelight Networks and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Limelight Networks stock can currently be purchased for approximately $3.66.
Consensus Ratings for Limelight Networks (NASDAQ:LLNW) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Hold Rating, 3 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.75)|
|Consensus Price Target: ||$3.43 (6.19% downside)|
Analysts' Ratings History for Limelight Networks (NASDAQ:LLNW)
(Data available from 8/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/1/2017||B. Riley||Reiterated Rating||Buy||$4.30||Low|
|4/26/2017||Cowen and Company||Boost Price Target||Outperform||$3.00 -> $3.50||High|
|4/3/2017||DA Davidson||Reiterated Rating||Buy||High|
|2/9/2017||FBR & Co||Reiterated Rating||Hold||$2.50||N/A|
|3/29/2016||JMP Securities||Initiated Coverage||Outperform||$2.50||N/A|
Earnings History for Limelight Networks (NASDAQ:LLNW)Earnings History by Quarter for Limelight Networks (NASDAQ LLNW)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/26/2017||Q2 2017||$0.01||$0.03||$45.25 million||$45.37 million||View||N/A|
|4/24/2017||Q1 2017||$0.00||$0.02||$43.01 million||$44.70 million||View||N/A|
|2/8/2017||Q416||$0.01||$0.02||$43.66 million||$43.80 million||View||Listen|
|7/27/2016||Q216||($0.01)||$0.01||$43.84 million||$43.56 million||View||Listen|
|4/27/2016||Q116||($0.01)||($0.01)||$43.40 million||$41.40 million||View||Listen|
|11/3/2015||Q315||($0.03)||($0.04)||$42.98 million||$42.00 million||View||N/A|
|8/3/2015||Q215||($0.04)||($0.04)||$41.64 million||$43.80 million||View||N/A|
|4/30/2015||Q115||($0.07)||($0.02)||$39.00 million||$42.30 million||View||N/A|
|2/2/2015||Q414||($0.09)||($0.02)||$38.66 million||$40.70 million||View||N/A|
|8/4/2014||Q214||($0.07)||($0.04)||$39.62 million||$41.30 million||View||N/A|
|5/6/2014||Q114||($0.07)||($0.04)||$38.91 million||$41.20 million||View||N/A|
|2/13/2014||Q413||($0.06)||($0.05)||$42.88 million||$42.20 million||View||Listen|
|11/5/2013||Q313||($0.07)||($0.07)||$42.93 million||$42.70 million||View||N/A|
|8/7/2013||Q2 2013||($0.05)||($0.07)||$45.93 million||$42.76 million||View||N/A|
|5/9/2013||Q1 2013||($0.05)||($0.04)||$45.73 million||$45.80 million||View||N/A|
|2/19/2013||Q4 2012||($0.04)||($0.06)||$46.28 million||$46.30 million||View||N/A|
|11/1/2012||Q312||($0.05)||($0.05)||$44.80 million||$45.00 million||View||N/A|
Earnings Estimates for Limelight Networks (NASDAQ:LLNW)
2017 EPS Consensus Estimate: ($0.06)
2018 EPS Consensus Estimate: $0.02
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for Limelight Networks (NASDAQ:LLNW)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Limelight Networks (NASDAQ:LLNW)
Insider Ownership Percentage: 37.60%Insider Trades by Quarter for Limelight Networks (NASDAQ:LLNW)
Institutional Ownership Percentage: 67.94%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/24/2015||Robert A Lento||CEO||Buy||20,000||$2.26||$45,200.00|| |
|8/21/2015||Sajid Malhotra||SVP||Buy||25,000||$2.45||$61,250.00|| |
|5/28/2015||Joseph Depalo||SVP||Sell||50,000||$4.37||$218,500.00|| |
|3/12/2015||Sajid Malhotra||SVP||Buy||50,000||$3.66||$183,000.00|| |
|3/2/2015||Daniel R Boncel||Insider||Buy||10,294||$3.40||$34,999.60|| |
|3/2/2015||Kirby Wadsworth||CMO||Buy||29,411||$3.40||$99,997.40|| |
|3/2/2015||Peter J Perrone||CFO||Buy||58,823||$3.40||$199,998.20|| |
|11/19/2014||Robert A Lento||CEO||Buy||25,000||$2.61||$65,250.00|| |
|11/19/2014||Sajid Malhotra||SVP||Buy||50,000||$2.62||$131,000.00|| |
|9/9/2014||Sajid Malhotra||SVP||Buy||50,000||$2.23||$111,500.00|| |
|8/27/2014||Kurt Silverman||SVP||Buy||15,000||$2.30||$34,500.00|| |
|6/4/2014||Sajid Malhotra||SVP||Buy||100,000||$2.45||$245,000.00|| |
|6/2/2014||Daniel R Boncel||Insider||Buy||50,000||$2.30||$115,000.00|| |
|5/29/2014||Peter J Perrone||CFO||Buy||31,577||$1.95||$61,575.15|| |
|5/21/2014||Sajid Malhotra||SVP||Buy||100,000||$2.14||$214,000.00|| |
|3/17/2014||Kurt Silverman||SVP||Buy||25,000||$2.15||$53,750.00|| |
|9/12/2013||Thomas Falk||Director||Sell||57,249||$2.02||$115,642.98|| |
|8/20/2013||Robert Lento||CEO||Buy||25,000||$1.97||$49,250.00|| |
|11/29/2012||Douglas S Lindroth||CFO||Buy||27,000||$1.90||$51,300.00|| |
|11/28/2012||Robert A Lento||CEO||Buy||25,000||$1.91||$47,750.00|| |
Headline Trends for Limelight Networks (NASDAQ:LLNW)
Latest Headlines for Limelight Networks (NASDAQ:LLNW)
|Limelight Networks, Inc. (LLNW) Receives Average Recommendation of "Buy" from Analysts|
www.americanbankingnews.com - August 18 at 6:52 PM
| Brokerages Anticipate Limelight Networks, Inc. (LLNW) Will Announce Earnings of -$0.03 Per Share|
www.americanbankingnews.com - August 18 at 12:26 PM
|WorkCast Relies on Limelight Networks’ CDN to Deliver Live Events to Tens of Thousands of Viewers Worldwide|
finance.yahoo.com - August 16 at 3:55 PM
|ETFs with exposure to Limelight Networks, Inc. : August 15, 2017|
finance.yahoo.com - August 16 at 5:26 AM
|Cinesoft Turns to Limelight Networks’ CDN for Better Performance, Customer Support and Cost-Savings|
finance.yahoo.com - August 9 at 2:46 AM
|Analyzing NetScout Systems (NTCT) and Limelight Networks (NASDAQ:LLNW)|
www.americanbankingnews.com - August 8 at 12:33 PM
|Why Limelight Networks, Inc. Shares Rose 18% in July|
finance.yahoo.com - August 7 at 3:49 PM
|Limelight Networks, Inc. (NASDAQ:LLNW) Expected to Post Quarterly Sales of $42.82 Million|
www.americanbankingnews.com - August 2 at 8:30 AM
|Limelight Networks, Inc. :LLNW-US: Earnings Analysis: Q2, 2017 By the Numbers : August 1, 2017|
finance.yahoo.com - August 2 at 3:11 AM
|Here's How Limelight Networks, Inc. Shares Doubled In 52 Weeks|
www.fool.com - August 1 at 10:09 AM
|2 Monster Stocks in the Making: Energous and Limelight Networks|
www.fool.com - July 31 at 4:28 PM
|Limelight Networks, Inc. (LLNW) Upgraded to C by TheStreet|
www.americanbankingnews.com - July 29 at 9:55 AM
|Edited Transcript of LLNW earnings conference call or presentation 26-Jul-17 8:30pm GMT|
finance.yahoo.com - July 28 at 2:18 AM
|Limelight Networks reports highest revenue in over four years, 97 percent decrease in income loss|
www.bizjournals.com - July 27 at 3:57 AM
|Limelight Networks Reports Financial Results for the Second Quarter of 2017|
finance.yahoo.com - July 27 at 3:57 AM
|Limelight Networks reports 2Q loss|
finance.yahoo.com - July 27 at 3:57 AM
|Limelight Networks, Inc. (NASDAQ:LLNW) Announces Quarterly Earnings Results|
www.americanbankingnews.com - July 26 at 9:15 PM
|Limelight Networks, Inc. (NASDAQ:LLNW) Issues FY17 Earnings Guidance|
www.americanbankingnews.com - July 26 at 7:42 PM
|ETFs with exposure to Limelight Networks, Inc. : July 24, 2017|
finance.yahoo.com - July 25 at 2:54 AM
|Limelight Networks, Inc. (NASDAQ:LLNW) Receives Consensus Rating of "Buy" from Brokerages|
www.americanbankingnews.com - July 24 at 7:16 PM
|Limelight Networks Expands Its Content Delivery Network Capacity in India with Three New Points-of-Presence|
finance.yahoo.com - July 20 at 12:24 AM
|ETFs with exposure to Limelight Networks, Inc. : July 14, 2017|
finance.yahoo.com - July 15 at 5:53 AM
|Limelight Networks, Inc. breached its 50 day moving average in a Bullish Manner : LLNW-US : July 10, 2017|
finance.yahoo.com - July 11 at 12:20 AM
|$45.83 Million in Sales Expected for Limelight Networks, Inc. (LLNW) This Quarter|
www.americanbankingnews.com - July 9 at 10:40 AM
|Limelight Networks, Inc. (LLNW) Expected to Announce Earnings of -$0.01 Per Share|
www.americanbankingnews.com - July 7 at 11:50 AM
|Limelight Networks, Inc. breached its 50 day moving average in a Bullish Manner : LLNW-US : June 28, 2017|
finance.yahoo.com - June 28 at 8:00 PM
|Primerica Uses Limelight Networks to Live Stream Company Meetings and Store Videos for On-Demand Viewing on Multiple Devices|
finance.yahoo.com - June 28 at 8:00 PM
|Limelight Networks, Inc. (LLNW) Downgraded to "Hold" at Zacks Investment Research|
www.americanbankingnews.com - June 28 at 12:38 AM
|Limelight Networks, Inc. to Issue Second Quarter 2017 Financial Results on Wednesday, July 26, 2017, after the Market Close|
finance.yahoo.com - June 20 at 7:15 PM
|ETFs with exposure to Limelight Networks, Inc. : June 15, 2017|
finance.yahoo.com - June 16 at 7:21 AM
|Consumer Preferences Shift to Digital Content Reveals Limelight Networks' New 'State of Digital Downloads' Report|
www.finanznachrichten.de - June 15 at 2:10 AM
|Limelight Networks, Inc. – Value Analysis (NASDAQ:LLNW) : June 14, 2017|
finance.yahoo.com - June 14 at 9:09 PM
|Limelight Networks, Inc. breached its 50 day moving average in a Bearish Manner : LLNW-US : June 13, 2017|
finance.yahoo.com - June 13 at 6:11 PM
|Consumer Preferences Shift to Digital Content Reveals Limelight Networks’ New ‘State of Digital Downloads’ Report|
finance.yahoo.com - June 13 at 6:11 PM
|Zacks: Analysts Expect Limelight Networks, Inc. (LLNW) Will Post Earnings of -$0.01 Per Share|
www.americanbankingnews.com - June 13 at 8:15 AM
|Limelight Networks, Inc. (LLNW) Expected to Announce Quarterly Sales of $45.83 Million|
www.americanbankingnews.com - May 21 at 12:02 PM
|Zacks: Brokerages Expect Limelight Networks, Inc. (LLNW) Will Post Earnings of -$0.01 Per Share|
www.americanbankingnews.com - May 16 at 2:18 PM
|Advanced Limelight Orchestrate Platform Delivers Highest-Quality Internet Viewing Experience|
finance.yahoo.com - May 16 at 10:42 AM
|ETFs with exposure to Limelight Networks, Inc. : May 12, 2017|
finance.yahoo.com - May 12 at 6:58 PM
|Limelight Networks (LLNW) Given Media Impact Rating of 0.35|
www.americanbankingnews.com - May 12 at 12:36 AM
|Why Limelight Networks, Inc. Stock Rose 22% in April|
www.fool.com - May 10 at 7:23 PM
|Limelight Networks (LLNW) Shares March Higher, Can It Continue?|
finance.yahoo.com - May 5 at 7:10 AM
|Limelight Networks (LLNW) Getting Somewhat Positive Media Coverage, Study Shows|
www.americanbankingnews.com - May 4 at 9:48 AM
|Limelight Guarantees Video Customers Greater Than 10 Percent Reduction in Re-Buffer Rates|
finance.yahoo.com - May 2 at 12:47 PM
|Favorable Media Coverage Likely to Affect Limelight Networks (LLNW) Stock Price|
www.americanbankingnews.com - May 1 at 8:10 PM
|ETFs with exposure to Limelight Networks, Inc. : May 1, 2017|
finance.yahoo.com - May 1 at 5:20 PM
|Limelight Networks, Inc. (LLNW) Earns "Buy" Rating from B. Riley|
www.americanbankingnews.com - April 30 at 4:24 PM
|Limelight Networks, Inc. (LLNW) Rating Increased to Buy at Zacks Investment Research|
www.americanbankingnews.com - April 29 at 9:28 AM
|Limelight Networks (LLNW) Receives Media Impact Score of 0.09|
www.americanbankingnews.com - April 28 at 8:18 PM
|FY2017 Earnings Estimate for Limelight Networks, Inc. (LLNW) Issued By B. Riley|
www.americanbankingnews.com - April 28 at 4:16 PM
Limelight Networks (LLNW) Chart for Wednesday, August, 23, 2017