Analysts expect that Limelight Networks, Inc. (NASDAQ:LLNW) will announce $54.06 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Limelight Networks’ earnings. The highest sales estimate is $54.10 million and the lowest is $53.98 million. Limelight Networks reported sales of $43.28 million in the same quarter last year, which indicates a positive year-over-year growth rate of 24.9%. The firm is scheduled to announce its next earnings results on Wednesday, April 15th.

On average, analysts expect that Limelight Networks will report full year sales of $229.56 million for the current financial year, with estimates ranging from $228.03 million to $231.92 million. For the next fiscal year, analysts forecast that the company will report sales of $251.42 million, with estimates ranging from $247.73 million to $255.11 million. Zacks’ sales calculations are an average based on a survey of analysts that follow Limelight Networks.

Limelight Networks (NASDAQ:LLNW) last issued its quarterly earnings results on Wednesday, January 29th. The information services provider reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The business had revenue of $60.13 million for the quarter, compared to analysts’ expectations of $58.79 million. Limelight Networks had a negative net margin of 8.00% and a negative return on equity of 10.02%. The business’s quarterly revenue was up 36.7% compared to the same quarter last year.

LLNW has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Limelight Networks from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. DA Davidson lifted their price target on shares of Limelight Networks to $4.10 and gave the stock a “neutral” rating in a research note on Wednesday, December 11th. B. Riley reiterated a “buy” rating and set a $6.50 price target on shares of Limelight Networks in a research note on Tuesday, January 28th. BidaskClub cut shares of Limelight Networks from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 4th. Finally, ValuEngine cut shares of Limelight Networks from a “buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $5.30.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in shares of Limelight Networks by 0.9% during the 2nd quarter. BlackRock Inc. now owns 7,802,081 shares of the information services provider’s stock valued at $21,066,000 after buying an additional 69,271 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Limelight Networks by 7.7% during the 2nd quarter. Vanguard Group Inc. now owns 5,830,689 shares of the information services provider’s stock valued at $15,742,000 after buying an additional 415,347 shares in the last quarter. Granahan Investment Management Inc. MA lifted its stake in shares of Limelight Networks by 14.9% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 3,208,416 shares of the information services provider’s stock valued at $9,722,000 after buying an additional 415,102 shares in the last quarter. Lord Abbett & CO. LLC purchased a new position in shares of Limelight Networks during the 4th quarter valued at $9,444,000. Finally, State Street Corp lifted its stake in shares of Limelight Networks by 4.2% during the 4th quarter. State Street Corp now owns 2,278,761 shares of the information services provider’s stock valued at $9,297,000 after buying an additional 92,270 shares in the last quarter. Institutional investors own 76.59% of the company’s stock.

Shares of Limelight Networks stock traded down $0.11 on Friday, hitting $5.45. 944,637 shares of the company’s stock were exchanged, compared to its average volume of 1,342,810. The company has a 50-day simple moving average of $4.90 and a 200-day simple moving average of $3.78. The stock has a market capitalization of $617.97 million, a PE ratio of -41.92 and a beta of 2.13. Limelight Networks has a 1 year low of $2.20 and a 1 year high of $5.69. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.19 and a current ratio of 2.19.

About Limelight Networks

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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