Zacks: Analysts Expect Limelight Networks, Inc. (LLNW) to Post $0.02 Earnings Per Share

Equities analysts expect Limelight Networks, Inc. (NASDAQ:LLNW) to post $0.02 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Limelight Networks’ earnings, with estimates ranging from $0.01 to $0.02. Limelight Networks posted earnings per share of $0.04 during the same quarter last year, which suggests a negative year-over-year growth rate of 50%. The company is expected to announce its next quarterly earnings report on Thursday, July 18th.

On average, analysts expect that Limelight Networks will report full year earnings of $0.13 per share for the current financial year, with EPS estimates ranging from $0.10 to $0.16. For the next year, analysts forecast that the company will report earnings of $0.23 per share, with EPS estimates ranging from $0.22 to $0.24. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Limelight Networks.

Limelight Networks (NASDAQ:LLNW) last issued its quarterly earnings data on Wednesday, April 17th. The information services provider reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.03). Limelight Networks had a net margin of 0.61% and a negative return on equity of 8.17%. The business had revenue of $43.28 million for the quarter, compared to the consensus estimate of $44.87 million. During the same period in the previous year, the business posted $0.06 EPS. Limelight Networks’s revenue was down 17.0% compared to the same quarter last year.

Several brokerages have commented on LLNW. BidaskClub downgraded Limelight Networks from a “hold” rating to a “sell” rating in a report on Friday, April 5th. Zacks Investment Research downgraded Limelight Networks from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 10th. Finally, Raymond James upgraded Limelight Networks from an “underperform” rating to a “market perform” rating in a report on Tuesday, January 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $6.31.

Institutional investors have recently made changes to their positions in the company. B. Riley Wealth Management Inc. acquired a new stake in shares of Limelight Networks in the third quarter worth $81,000. Amalgamated Bank acquired a new stake in Limelight Networks during the fourth quarter worth $38,000. Jane Street Group LLC acquired a new stake in Limelight Networks during the fourth quarter worth $41,000. Legal & General Group Plc boosted its stake in Limelight Networks by 25.1% during the fourth quarter. Legal & General Group Plc now owns 20,034 shares of the information services provider’s stock worth $46,000 after buying an additional 4,014 shares in the last quarter. Finally, Mackay Shields LLC acquired a new stake in Limelight Networks during the fourth quarter worth $58,000. Institutional investors and hedge funds own 74.33% of the company’s stock.

LLNW stock traded down $0.13 during midday trading on Wednesday, hitting $2.98. 25,663 shares of the company traded hands, compared to its average volume of 817,259. Limelight Networks has a twelve month low of $2.21 and a twelve month high of $5.52. The company has a market cap of $355.32 million, a PE ratio of -149.50 and a beta of 2.70.

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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