Limelight Networks, Inc. (NASDAQ:LLNW) Expected to Announce Quarterly Sales of $60.00 Million

Brokerages expect Limelight Networks, Inc. (NASDAQ:LLNW) to post $60.00 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Limelight Networks’ earnings. The highest sales estimate is $61.21 million and the lowest is $59.39 million. Limelight Networks reported sales of $43.99 million during the same quarter last year, which would suggest a positive year over year growth rate of 36.4%. The business is expected to announce its next quarterly earnings report on Wednesday, January 29th.

According to Zacks, analysts expect that Limelight Networks will report full-year sales of $200.50 million for the current financial year, with estimates ranging from $199.89 million to $201.71 million. For the next year, analysts expect that the company will post sales of $228.41 million, with estimates ranging from $227.49 million to $229.88 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Limelight Networks.

Limelight Networks (NASDAQ:LLNW) last announced its earnings results on Wednesday, October 16th. The information services provider reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. The firm had revenue of $51.32 million during 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 revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.03 EPS.

A number of brokerages recently issued reports on LLNW. Zacks Investment Research raised Limelight Networks from a “sell” rating to a “hold” rating in a research report on Wednesday, September 18th. B. Riley upped their target price on Limelight Networks from $3.70 to $4.10 and gave the company a “buy” rating in a research report on Thursday, October 17th. Finally, BidaskClub raised Limelight Networks from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $3.40.

Institutional investors have recently bought and sold shares of the business. Squarepoint Ops LLC acquired a new stake in Limelight Networks during the 3rd quarter worth approximately $56,000. Cibc Bank USA acquired a new stake in Limelight Networks during the 2nd quarter worth approximately $54,000. Traynor Capital Management Inc. acquired a new stake in Limelight Networks during the 3rd quarter worth approximately $60,000. Jane Street Group LLC acquired a new stake in Limelight Networks during the 2nd quarter worth approximately $61,000. Finally, GSA Capital Partners LLP acquired a new stake in Limelight Networks during the 2nd quarter worth approximately $73,000. 76.59% of the stock is owned by institutional investors.

Shares of NASDAQ LLNW opened at $4.24 on Tuesday. The stock has a market cap of $495.79 million, a PE ratio of -212.00 and a beta of 2.18. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.08. Limelight Networks has a 52-week low of $2.20 and a 52-week high of $4.72. The business has a 50-day moving average price of $4.14 and a 200 day moving average price of $3.10.

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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