Equities analysts expect that Limelight Networks, Inc. (NASDAQ:LLNW) will post sales of $47.72 million for the current quarter, according to Zacks. Three analysts have issued estimates for Limelight Networks’ earnings, with the highest sales estimate coming in at $48.33 million and the lowest estimate coming in at $47.33 million. Limelight Networks posted sales of $43.78 million in the same quarter last year, which suggests a positive year-over-year growth rate of 9%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, February 14th.

On average, analysts expect that Limelight Networks will report full year sales of $47.72 million for the current year, with estimates ranging from $181.39 million to $183.70 million. For the next year, analysts anticipate that the business will post sales of $193.93 million per share, with estimates ranging from $191.36 million to $195.95 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Limelight Networks.

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

Several research firms have weighed in 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 reaffirmed a “buy” rating and set a $4.30 target price on shares of Limelight Networks in a research note on Tuesday, August 1st. DA Davidson set a $5.50 price target on Limelight Networks and gave the company 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 from $4.00) on shares of Limelight Networks in a report on Thursday, October 19th. Finally, TheStreet upgraded Limelight Networks from a “d+” rating to a “c” rating in a report on Thursday, July 27th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $5.00.

Limelight Networks (LLNW) opened at $5.81 on Thursday. Limelight Networks has a 12 month low of $2.02 and a 12 month high of $6.05.

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A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Algert Global LLC lifted its holdings in Limelight Networks by 16.3% in the 3rd quarter. Algert Global LLC now owns 455,787 shares of the information services provider’s stock worth $1,809,000 after purchasing an additional 63,770 shares during the last quarter. Wolverine Trading LLC lifted its holdings in Limelight Networks by 761.3% in the 3rd quarter. Wolverine Trading LLC now owns 37,766 shares of the information services provider’s stock worth $150,000 after purchasing an additional 43,477 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Limelight Networks by 61.7% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 147,000 shares of the information services provider’s stock worth $584,000 after purchasing an additional 56,100 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Limelight Networks by 72.8% in the 3rd quarter. Wells Fargo & Company MN now owns 77,272 shares of the information services provider’s stock worth $307,000 after purchasing an additional 32,543 shares during the last quarter. Finally, EAM Investors LLC lifted its holdings in Limelight Networks by 64.8% in the 3rd quarter. EAM Investors LLC now owns 714,391 shares of the information services provider’s stock worth $2,836,000 after purchasing an additional 281,022 shares during the last quarter. Hedge funds and other institutional investors own 68.53% of the company’s stock.

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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Earnings History and Estimates for Limelight Networks (NASDAQ:LLNW)

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