News coverage about Limelight Networks (NASDAQ:LLNW) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Limelight Networks earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned news headlines about the information services provider an impact score of 46.6850423992817 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news headlines that may have impacted Accern Sentiment’s rankings:

LLNW has been the subject of several recent research reports. Cowen and Company set a $4.00 price target on shares of Limelight Networks and gave the stock a “buy” rating in a research note on Tuesday, April 25th. B. Riley reissued a “buy” rating and issued a $4.00 price target on shares of Limelight Networks 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 price target for the company in a research note on Friday, April 28th. BidaskClub raised shares of Limelight Networks from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Finally, TheStreet raised shares of Limelight Networks from a “d+” rating to a “c” rating in a research note on Thursday, July 27th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Limelight Networks presently has a consensus rating of “Buy” and an average price target of $3.45.

Shares of Limelight Networks (NASDAQ:LLNW) traded up 2.85% during trading on Friday, hitting $3.61. 370,948 shares of the stock traded hands. Limelight Networks has a 12 month low of $1.45 and a 12 month high of $3.78. The firm’s 50-day moving average price is $3.25 and its 200-day moving average price is $2.79. The stock’s market cap is $394.39 million.

Limelight Networks (NASDAQ:LLNW) last announced its quarterly earnings data on Wednesday, July 26th. The information services provider reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. Limelight Networks had a negative net margin of 8.65% and a negative return on equity of 5.03%. The company had revenue of $45.37 million during the quarter, compared to analyst estimates of $45.25 million. During the same quarter last year, the business posted $0.01 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. Analysts anticipate that Limelight Networks will post $0.06 EPS 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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