Zacks: Analysts Expect Limelight Networks, Inc. (NASDAQ:LLNW) Will Announce Earnings of $0.01 Per Share

Analysts expect Limelight Networks, Inc. (NASDAQ:LLNW) to post earnings per share of $0.01 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Limelight Networks’ earnings. The highest EPS estimate is $0.01 and the lowest is $0.00. Limelight Networks reported earnings per share of $0.03 during the same quarter last year, which would indicate a negative year over year growth rate of 66.7%. The company is expected to announce its next earnings report on Thursday, October 17th.

According to Zacks, analysts expect that Limelight Networks will report full-year earnings of ($0.01) per share for the current financial year, with EPS estimates ranging from ($0.03) to $0.01. For the next fiscal year, analysts anticipate that the company will report earnings of $0.07 per share, with EPS estimates ranging from $0.03 to $0.08. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that cover Limelight Networks.

Limelight Networks (NASDAQ:LLNW) last issued its quarterly earnings data on Wednesday, July 17th. The information services provider reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The firm had revenue of $45.90 million for the quarter, compared to analysts’ expectations of $46.40 million. Limelight Networks had a negative net margin of 11.63% and a negative return on equity of 13.07%. Limelight Networks’s revenue was down 8.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.04 EPS.



LLNW has been the subject of a number of research reports. Zacks Investment Research cut shares of Limelight Networks from a “hold” rating to a “sell” rating in a research note on Friday, July 19th. B. Riley reissued a “buy” rating and issued a $5.00 price target on shares of Limelight Networks in a research note on Monday, July 15th. ValuEngine raised shares of Limelight Networks from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. BidaskClub cut shares of Limelight Networks from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, DA Davidson reissued a “neutral” rating and issued a $2.70 price target on shares of Limelight Networks in a research note on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $4.57.

NASDAQ:LLNW traded up $0.04 during mid-day trading on Friday, hitting $2.27. 959,616 shares of the stock traded hands, compared to its average volume of 873,582. The business’s 50-day moving average price is $2.52 and its 200 day moving average price is $2.88. The company has a market cap of $259.13 million, a PE ratio of -113.50 and a beta of 2.03. Limelight Networks has a 12-month low of $2.20 and a 12-month high of $5.32. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.01.

In related news, SVP Thomas Marth purchased 21,550 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was acquired at an average price of $2.32 per share, with a total value of $49,996.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Sajid Malhotra purchased 20,000 shares of the business’s stock in a transaction on Wednesday, July 24th. The stock was bought at an average cost of $2.28 per share, with a total value of $45,600.00. The disclosure for this purchase can be found here. 10.40% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in the company. Legal & General Group Plc grew its position in Limelight Networks by 25.1% during the fourth quarter. Legal & General Group Plc now owns 20,034 shares of the information services provider’s stock valued at $46,000 after acquiring an additional 4,014 shares during the period. Creative Financial Designs Inc. ADV boosted its stake in shares of Limelight Networks by 18.2% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 33,100 shares of the information services provider’s stock worth $107,000 after acquiring an additional 5,100 shares in the last quarter. DDD Partners LLC boosted its stake in shares of Limelight Networks by 0.5% during the 1st quarter. DDD Partners LLC now owns 1,681,093 shares of the information services provider’s stock worth $5,430,000 after acquiring an additional 8,228 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Limelight Networks by 0.7% during the 2nd quarter. Northern Trust Corp now owns 1,350,061 shares of the information services provider’s stock worth $3,645,000 after acquiring an additional 9,127 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Limelight Networks by 3.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 268,479 shares of the information services provider’s stock worth $725,000 after acquiring an additional 9,222 shares in the last quarter. 72.23% 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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Earnings History and Estimates for Limelight Networks (NASDAQ:LLNW)

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