Limelight Networks (NASDAQ:LLNW) Shares Gap Up to $2.47

Limelight Networks, Inc. (NASDAQ:LLNW) shares gapped up prior to trading on Friday . The stock had previously closed at $2.58, but opened at $2.47. Limelight Networks shares last traded at $2.38, with a volume of 456,826 shares trading hands.

LLNW has been the topic of several analyst reports. B. Riley set a $82.00 target price on Consolidated-Tomoka Land and gave the company a “buy” rating in a research note on Monday. DA Davidson set a $16.00 target price on Redfin and gave the company a “hold” rating in a research note on Tuesday, July 2nd. BidaskClub raised Zebra Technologies from a “hold” rating to a “buy” rating in a report on Saturday, July 6th. Finally, Zacks Investment Research raised Ellington Financial from a “hold” rating to a “strong-buy” rating and set a $20.00 price target for the company in a report on Friday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $5.05.

The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.16 and a current ratio of 2.16. The firm has a market capitalization of $315.93 million, a price-to-earnings ratio of -118.00 and a beta of 2.07. The business has a fifty day moving average price of $2.76.



Limelight Networks (NASDAQ:LLNW) last issued its quarterly earnings results on Wednesday, July 17th. The information services provider reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The business had revenue of $45.90 million during the quarter, compared to analyst estimates of $46.40 million. Limelight Networks had a negative return on equity of 12.93% and a negative net margin of 11.63%. Limelight Networks’s revenue was down 8.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.04 EPS. On average, equities analysts forecast that Limelight Networks, Inc. will post -0.04 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of LLNW. Dimensional Fund Advisors LP lifted its holdings in shares of Limelight Networks by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,372,620 shares of the information services provider’s stock worth $10,232,000 after purchasing an additional 60,933 shares during the period. Federated Investors Inc. PA lifted its holdings in shares of Limelight Networks by 23.5% during the first quarter. Federated Investors Inc. PA now owns 4,325,000 shares of the information services provider’s stock worth $13,970,000 after purchasing an additional 822,552 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Limelight Networks by 3.6% during the first quarter. JPMorgan Chase & Co. now owns 3,379,013 shares of the information services provider’s stock worth $10,913,000 after purchasing an additional 118,724 shares during the period. DDD Partners LLC lifted its holdings in shares of Limelight Networks by 0.5% during the first quarter. DDD Partners LLC now owns 1,681,093 shares of the information services provider’s stock worth $5,430,000 after purchasing an additional 8,228 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Limelight Networks by 5.6% during the fourth quarter. Geode Capital Management LLC now owns 1,255,100 shares of the information services provider’s stock worth $2,936,000 after purchasing an additional 67,107 shares during the period. 73.03% of the stock is owned by institutional investors and hedge funds.

Limelight Networks Company Profile (NASDAQ:LLNW)

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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