Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Limelight Networks (LLNW) Stock Price

Media stories about Limelight Networks (NASDAQ:LLNW) have trended somewhat positive on Friday, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Limelight Networks earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave press coverage about the information services provider an impact score of 45.5669719964744 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the media headlines that may have impacted Accern Sentiment’s scoring:

A number of research firms recently commented on LLNW. Zacks Investment Research raised Limelight Networks from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a research note on Friday, October 20th. B. Riley reiterated a “buy” rating and set a $6.00 target price on shares of Limelight Networks in a report on Wednesday, December 13th. DA Davidson set a $5.50 target price on shares of Limelight Networks and gave the stock a “buy” rating in a report on Monday, October 16th. BidaskClub lowered shares of Limelight Networks from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Finally, Cowen restated an “outperform” rating and issued a $6.00 price objective (up from $4.00) on shares of Limelight Networks in a report on Thursday, October 19th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $5.00.

Shares of Limelight Networks (NASDAQ:LLNW) opened at $4.40 on Friday. The firm has a market cap of $481.63, a P/E ratio of -44.00, a P/E/G ratio of 705.00 and a beta of 2.54. Limelight Networks has a 1 year low of $2.02 and a 1 year high of $6.05.

Limelight Networks (NASDAQ:LLNW) last posted its earnings results on Wednesday, October 18th. The information services provider reported $0.02 EPS 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 during the quarter, compared to the consensus estimate of $43.09 million. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. equities analysts anticipate that Limelight Networks will post -0.04 earnings per share for the current fiscal year.

In other news, Director Mark J. Midle sold 15,000,000 shares of Limelight Networks stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $4.35, for a total transaction of $65,250,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 37.60% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at

Limelight Networks Company Profile

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.

Insider Buying and Selling by Quarter for Limelight Networks (NASDAQ:LLNW)

Receive News & Ratings for Limelight Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Limelight Networks and related companies with's FREE daily email newsletter.

Leave a Reply