Limelight Networks (NASDAQ:LLNW) Receiving Somewhat Positive News Coverage, Study Shows

News coverage about Limelight Networks (NASDAQ:LLNW) has been trending somewhat positive on Friday, according to Accern. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Limelight Networks earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned media headlines about the information services provider an impact score of 45.5680728624237 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the news stories that may have effected Accern Sentiment’s rankings:

Several research analysts have recently weighed in on LLNW shares. B. Riley reaffirmed a “buy” rating and set a $6.00 target price on shares of Limelight Networks in a research note on Wednesday, December 13th. BidaskClub downgraded Limelight Networks from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Zacks Investment Research downgraded Limelight Networks from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 19th. Cowen reissued an “outperform” rating and issued a $6.00 price objective (up from $4.00) on shares of Limelight Networks in a research note on Thursday, October 19th. Finally, DA Davidson set a $5.50 price objective on Limelight Networks and gave the company a “buy” rating in a research note on Monday, October 16th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Limelight Networks has an average rating of “Buy” and a consensus target price of $5.00.

Shares of Limelight Networks (NASDAQ:LLNW) traded up $0.03 during trading hours on Friday, reaching $4.31. The company’s stock had a trading volume of 838,900 shares, compared to its average volume of 733,408. The stock has a market cap of $472.85, a PE ratio of -43.10, a P/E/G ratio of 642.00 and a beta of 2.54. Limelight Networks has a 12 month low of $2.10 and a 12 month high of $6.05.

Limelight Networks (NASDAQ:LLNW) last issued its earnings results on Wednesday, October 18th. The information services provider reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $46.07 million during the quarter, compared to analysts’ expectations of $43.09 million. Limelight Networks had a negative return on equity of 3.29% and a negative net margin of 5.91%. Limelight Networks’s revenue was up 16.7% on a year-over-year basis. equities analysts predict that Limelight Networks will post -0.04 EPS for the current fiscal year.

In other news, Director Mark J. Midle sold 15,000,000 shares of the stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $4.35, for a total transaction of $65,250,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 37.60% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This news story was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The correct version of this news story can be accessed at https://www.dispatchtribunal.com/2018/01/19/limelight-networks-llnw-getting-somewhat-positive-media-coverage-study-shows.html.

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.

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 MarketBeat.com's FREE daily email newsletter.

Leave a Reply