Media stories about Limelight Networks (NASDAQ:LLNW) have been trending somewhat positive on Monday, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Limelight Networks earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news headlines about the information services provider an impact score of 45.9935749624276 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
Shares of Limelight Networks (NASDAQ LLNW) traded up $0.08 during trading on Monday, reaching $5.80. 1,655,568 shares of the company were exchanged, compared to its average volume of 444,859. Limelight Networks has a 12 month low of $2.02 and a 12 month high of $6.05.
Limelight Networks (NASDAQ:LLNW) last released its quarterly earnings results on Wednesday, October 18th. The information services provider reported $0.02 earnings per share for the quarter. Limelight Networks had a negative net margin of 5.91% and a negative return on equity of 3.29%. The business had revenue of $46.07 million for the quarter, compared to the consensus estimate of $43.09 million. The firm’s revenue was up 16.7% compared to the same quarter last year. equities analysts expect that Limelight Networks will post -0.04 EPS for the current year.
A number of brokerages have weighed in on LLNW. Zacks Investment Research upgraded shares of Limelight Networks from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a report on Friday, October 20th. B. Riley restated a “buy” rating and issued a $4.30 price objective on shares of Limelight Networks in a report on Tuesday, August 1st. DA Davidson set a $5.50 price objective on shares of Limelight Networks and gave the stock a “buy” rating in a report on Monday, October 16th. Cowen and Company reiterated an “outperform” rating and set a $6.00 price target (up previously from $4.00) on shares of Limelight Networks in a report on Thursday, October 19th. Finally, TheStreet upgraded shares of Limelight Networks from a “d+” rating to a “c” rating in a report on Thursday, July 27th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $5.00.
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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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