Limelight Networks (NASDAQ:LLNW) updated its FY19 earnings guidance on Wednesday. The company provided earnings per share guidance of near breakeven for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.02). The company issued revenue guidance of $200-210 million, compared to the consensus revenue estimate of $197.88 million.Limelight Networks also updated its FY 2019 guidance to $-0.1–0.1 EPS.
Several analysts recently commented on the stock. B. Riley lifted their target price on shares of Limelight Networks from $2.90 to $3.70 and gave the stock a buy rating in a report on Monday, September 23rd. Zacks Investment Research raised shares of Limelight Networks from a sell rating to a hold rating in a report on Wednesday, September 18th. ValuEngine raised shares of Limelight Networks from a hold rating to a buy rating in a report on Thursday, August 1st. BidaskClub raised shares of Limelight Networks from a hold rating to a buy rating in a report on Saturday. Finally, DA Davidson reaffirmed a neutral rating and set a $2.70 target price on shares of Limelight Networks in a report on Tuesday, July 2nd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $3.20.
Shares of LLNW stock traded down $0.06 during midday trading on Wednesday, hitting $3.12. 1,134,988 shares of the company were exchanged, compared to its average volume of 850,063. The firm has a market capitalization of $369.52 million, a P/E ratio of -156.00 and a beta of 2.16. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.10 and a current ratio of 2.10. The firm’s 50 day moving average price is $2.92 and its two-hundred day moving average price is $2.83. Limelight Networks has a 52 week low of $2.20 and a 52 week high of $5.11.
In other Limelight Networks news, SVP Thomas Marth acquired 21,550 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was acquired at an average price of $2.32 per share, for a total transaction of $49,996.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Sajid Malhotra acquired 20,000 shares of the company’s stock in a transaction on Wednesday, July 24th. The stock was acquired at an average price of $2.28 per share, with a total value of $45,600.00. The disclosure for this purchase can be found here. 10.40% of the stock is owned by insiders.
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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