Media stories about Limelight Networks (NASDAQ:LLNW) have trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Limelight Networks earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave media headlines about the information services provider an impact score of 48.3735197548951 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
LLNW has been the topic of a number of research reports. B. Riley boosted their price target on Limelight Networks from $5.30 to $6.00 and gave the company a “buy” rating in a report on Thursday, October 19th. Zacks Investment Research upgraded Limelight Networks from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a report on Friday, October 20th. BidaskClub lowered 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 target (up from $4.00) on shares of Limelight Networks in a report on Thursday, October 19th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Limelight Networks currently has a consensus rating of “Buy” and a consensus price target of $5.63.
Shares of Limelight Networks (NASDAQ LLNW) traded up $0.06 during trading on Friday, hitting $3.92. The stock had a trading volume of 493,100 shares, compared to its average volume of 695,957. The company has a market capitalization of $433.91, a price-to-earnings ratio of -56.00 and a beta of 2.45. 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 quarterly earnings results on Wednesday, February 7th. The information services provider reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. Limelight Networks had a negative return on equity of 1.50% and a negative net margin of 4.14%. The company had revenue of $48.19 million for the quarter, compared to analyst estimates of $47.74 million. During the same period in the previous year, the company posted $0.02 earnings per share. The company’s quarterly revenue was up 10.1% compared to the same quarter last year.
In related news, Director Mark J. Midle sold 15,000,000 shares of the company’s stock in a transaction dated 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 document filed with the SEC, which is available at this hyperlink. Corporate insiders own 37.60% of the company’s stock.
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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.
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