$44.61 Million in Sales Expected for Limelight Networks, Inc. (LLNW) This Quarter

Equities analysts predict that Limelight Networks, Inc. (NASDAQ:LLNW) will announce $44.61 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Limelight Networks’ earnings. The lowest sales estimate is $44.00 million and the highest is $45.00 million. Limelight Networks posted sales of $52.11 million during the same quarter last year, which would indicate a negative year over year growth rate of 14.4%. The firm is scheduled to report its next quarterly earnings report after the market closes on Wednesday, April 17th.

According to Zacks, analysts expect that Limelight Networks will report full year sales of $212.40 million for the current year, with estimates ranging from $204.00 million to $219.96 million. For the next financial year, analysts anticipate that the company will post sales of $246.23 million, with estimates ranging from $240.00 million to $251.61 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that follow Limelight Networks.

Limelight Networks (NASDAQ:LLNW) last released its quarterly earnings data on Wednesday, January 30th. The information services provider reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.04). The business had revenue of $44.00 million for the quarter, compared to analyst estimates of $43.73 million. Limelight Networks had a negative return on equity of 1.34% and a net margin of 5.03%. Limelight Networks’s revenue was down 8.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.04 EPS.

LLNW has been the subject of several recent analyst reports. Raymond James upgraded shares of Limelight Networks from an “underperform” rating to a “market perform” rating in a research report on Tuesday, January 29th. BidaskClub cut shares of Limelight Networks from a “sell” rating to a “strong sell” rating in a research report on Thursday, February 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. Limelight Networks presently has a consensus rating of “Hold” and a consensus target price of $6.25.

LLNW traded up $0.21 on Wednesday, hitting $3.23. 2,729,377 shares of the company’s stock were exchanged, compared to its average volume of 608,604. The firm has a market cap of $345.04 million, a price-to-earnings ratio of -161.50, a price-to-earnings-growth ratio of 30.20 and a beta of 2.69. Limelight Networks has a twelve month low of $2.21 and a twelve month high of $5.52.

A number of hedge funds and other institutional investors have recently bought and sold shares of LLNW. Los Angeles Capital Management & Equity Research Inc. bought a new position in Limelight Networks in the 3rd quarter worth about $469,000. JPMorgan Chase & Co. boosted its holdings in shares of Limelight Networks by 42.6% in the third quarter. JPMorgan Chase & Co. now owns 2,787,660 shares of the information services provider’s stock valued at $13,994,000 after acquiring an additional 832,689 shares in the last quarter. MML Investors Services LLC bought a new position in shares of Limelight Networks in the third quarter valued at approximately $106,000. BlackRock Inc. boosted its holdings in shares of Limelight Networks by 0.3% in the third quarter. BlackRock Inc. now owns 7,729,999 shares of the information services provider’s stock valued at $38,805,000 after acquiring an additional 22,448 shares in the last quarter. Finally, PEAK6 Investments LLC bought a new position in shares of Limelight Networks in the third quarter valued at approximately $312,000. Hedge funds and other institutional investors own 74.34% of the company’s stock.

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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