Limelight Networks (NASDAQ:LLNW) updated its FY 2019 earnings guidance on Wednesday. The company provided earnings per share guidance of $0.10-0.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.13. The company issued revenue guidance of $215-225 million, compared to the consensus revenue estimate of $212.7 million.
Several brokerages recently commented on LLNW. Zacks Investment Research downgraded shares of Limelight Networks from a hold rating to a strong sell rating in a report on Wednesday, April 10th. BidaskClub downgraded shares of Limelight Networks from a hold rating to a sell rating in a report on Friday, April 5th. Finally, Raymond James raised shares of Limelight Networks from an underperform rating to a market perform rating in a report on Tuesday, January 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $6.31.
Shares of LLNW stock traded up $0.08 during midday trading on Wednesday, hitting $3.10. 1,017,519 shares of the company were exchanged, compared to its average volume of 675,068. The company has a market capitalization of $349.03 million, a price-to-earnings ratio of -155.00, a PEG ratio of 30.55 and a beta of 2.70. Limelight Networks has a 52 week low of $2.21 and a 52 week high of $5.52.
An institutional investor recently raised its position in Limelight Networks stock. Geode Capital Management LLC raised its holdings in Limelight Networks, Inc. (NASDAQ:LLNW) by 5.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,255,100 shares of the information services provider’s stock after purchasing an additional 67,107 shares during the period. Geode Capital Management LLC owned approximately 1.10% of Limelight Networks worth $2,936,000 at the end of the most recent quarter. Institutional investors own 74.33% of the company’s stock.
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Limelight Networks Company Profile
Limelight Networks, Inc provides content delivery and related services and solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers services and solutions for businesses to deliver their digital content across Internet, mobile, social, and other digital initiatives.
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