Limelight Networks, Inc. Expected to Post Q4 2017 Earnings of $0.00 Per Share (LLNW)

Limelight Networks, Inc. (NASDAQ:LLNW) – Stock analysts at DA Davidson boosted their Q4 2017 earnings estimates for shares of Limelight Networks in a research note issued on Thursday. DA Davidson analyst M. Kelleher now anticipates that the brokerage will earn $0.00 per share for the quarter, up from their prior forecast of ($0.01).

Several other equities analysts have also recently commented on LLNW. B. Riley reaffirmed a “buy” rating and set a $3.70 price objective on shares of Limelight Networks in a research note on Thursday, October 27th. Zacks Investment Research cut shares of Limelight Networks from a “hold” rating to a “sell” rating in a research note on Tuesday, December 27th. Finally, FBR & Co reaffirmed a “hold” rating and set a $2.50 price objective on shares of Limelight Networks in a research note on Thursday, February 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Limelight Networks currently has an average rating of “Hold” and a consensus target price of $2.89.

Earnings History and Estimates for Limelight Networks (NASDAQ:LLNW)

“Limelight Networks, Inc. Expected to Post Q4 2017 Earnings of $0.00 Per Share (LLNW)” was first posted by sleekmoney and is owned by of sleekmoney. If you are viewing this story on another publication, it was illegally stolen and republished in violation of U.S. and international copyright & trademark legislation. The legal version of this story can be viewed at http://sleekmoney.com/limelight-networks-inc-expected-to-post-q4-2017-earnings-of-0-00-per-share-llnw/1660494.html.

Shares of Limelight Networks (NASDAQ:LLNW) traded down 0.42% during trading on Monday, hitting $2.35. 54,817 shares of the stock traded hands. Limelight Networks has a 1-year low of $1.09 and a 1-year high of $2.90. The firm has a 50-day moving average of $2.33 and a 200-day moving average of $2.03. The firm’s market capitalization is $251.59 million.

Limelight Networks (NASDAQ:LLNW) last announced its quarterly earnings results on Wednesday, February 8th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. Limelight Networks had a negative net margin of 42.13% and a negative return on equity of 7.97%. The company earned $43.80 million during the quarter, compared to analyst estimates of $43.66 million. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year.

A number of institutional investors have recently added to or reduced their stakes in the company. MSI Financial Services Inc boosted its position in Limelight Networks by 11.9% in the third quarter. MSI Financial Services Inc now owns 56,250 shares of the company’s stock worth $105,000 after buying an additional 6,000 shares in the last quarter. Alambic Investment Management L.P. boosted its position in Limelight Networks by 39.4% in the third quarter. Alambic Investment Management L.P. now owns 59,440 shares of the company’s stock worth $111,000 after buying an additional 16,800 shares in the last quarter. Russell Investments Group Ltd. bought a new position in Limelight Networks during the fourth quarter worth approximately $173,000. National Asset Management Inc. bought a new position in Limelight Networks during the third quarter worth approximately $129,000. Finally, A.R.T. Advisors LLC boosted its position in Limelight Networks by 206.3% in the fourth quarter. A.R.T. Advisors LLC now owns 84,575 shares of the company’s stock worth $213,000 after buying an additional 56,959 shares in the last quarter. 67.21% of the stock is owned by institutional investors and hedge funds.

“Limelight Networks, Inc. Expected to Post Q4 2017 Earnings of $0.00 Per Share (LLNW)” was first posted by sleekmoney and is owned by of sleekmoney. If you are viewing this story on another publication, it was illegally stolen and republished in violation of U.S. and international copyright & trademark legislation. The legal version of this story can be viewed at http://sleekmoney.com/limelight-networks-inc-expected-to-post-q4-2017-earnings-of-0-00-per-share-llnw/1660494.html.

Limelight Networks Company Profile

Limelight Networks, Inc provides content delivery network services to deliver content over Internet. The Company operates a globally distributed, computing platform and provides services under the Orchestrate Platform, which include content delivery, video content management, Website and Web application acceleration, Website and content security and cloud storage services.

5 Day Chart for NASDAQ:LLNW

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