Somewhat Favorable News Coverage Very Likely to Affect Limelight Networks (LLNW) Stock Price

Media headlines about Limelight Networks (NASDAQ:LLNW) have been trending somewhat positive on Thursday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Limelight Networks earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news articles about the information services provider an impact score of 86 out of 100, meaning that recent news coverage is very likely to have an effect on the stock’s share price in the next few days.

Insider Buying and Selling by Quarter for Limelight Networks (NASDAQ:LLNW)

Several research firms have commented on LLNW. B. Riley reissued a “buy” rating and set a $3.70 target price on shares of Limelight Networks in a research note on Friday, March 31st. Cowen and Company set a $4.00 target price on shares of Limelight Networks and gave the company a “buy” rating in a research note on Tuesday, April 25th. Zacks Investment Research raised shares of Limelight Networks from a “hold” rating to a “buy” rating and set a $3.50 target price on the stock in a research note on Friday, April 28th. Finally, DA Davidson reaffirmed a “buy” rating on shares of Limelight Networks in a research note on Monday, April 3rd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $3.38.

Shares of Limelight Networks (NASDAQ LLNW) traded up 0.36% on Thursday, hitting $2.80. 302,101 shares of the company’s stock traded hands. Limelight Networks has a 1-year low of $1.29 and a 1-year high of $3.51. The company’s market cap is $302.34 million. The firm’s 50-day moving average price is $3.05 and its 200 day moving average price is $2.57.

Limelight Networks (NASDAQ:LLNW) last announced its quarterly earnings results on Monday, April 24th. The information services provider reported $0.02 EPS for the quarter. The company had revenue of $44.70 million during the quarter, compared to analysts’ expectations of $43.01 million. Limelight Networks had a negative return on equity of 6.69% and a negative net margin of 39.80%. Limelight Networks’s revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.01) EPS. On average, equities research analysts expect that Limelight Networks will post $0.05 earnings per share for the current year.

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About Limelight Networks

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.

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