The stock of Limelight Networks, Inc. (NASDAQ:LLNW) is a huge mover today! About 308,390 shares traded hands or 12.06% up from the average. Limelight Networks, Inc. (NASDAQ:LLNW) has risen 23.37% since April 27, 2016 and is uptrending. It has outperformed by 18.14% the S&P500.
The move comes after 8 months negative chart setup for the $222.17 million company. It was reported on Nov, 30 by Barchart.com. We have $2.01 PT which if reached, will make NASDAQ:LLNW worth $11.11M less.
Analysts await Limelight Networks, Inc. (NASDAQ:LLNW) to report earnings on February, 14. They expect $-0.02 EPS, up 33.33% or $0.01 from last year’s $-0.03 per share. After $-0.03 actual EPS reported by Limelight Networks, Inc. for the previous quarter, Wall Street now forecasts -33.33% EPS growth.
Limelight Networks, Inc. (NASDAQ:LLNW) Ratings Coverage
Out of 3 analysts covering Limelight Networks (NASDAQ:LLNW), 1 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 33% are positive. Limelight Networks has been the topic of 5 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm earned “Sell” rating on Friday, August 28 by Zacks. On Friday, August 7 the stock rating was downgraded by Zacks to “Hold”. JMP Securities initiated it with “Outperform” rating and $2.50 target price in Tuesday, March 29 report. The firm has “Market Perform” rating given on Thursday, September 1 by FBR Capital. The stock of Limelight Networks, Inc. (NASDAQ:LLNW) has “Mkt Perform” rating given on Tuesday, August 4 by FBR Capital.
According to Zacks Investment Research, “LIMELIGHT NETWORKS, INC. is a content delivery partner enabling the next wave of Internet business and entertainment. More than 1300 Internet, entertainment, software, and technology brands trust their robust, scalable platform to monetize their digital assets by delivering a brilliant online experience to their global audience. LimeLight’s architecture bypasses the busy public Internet using a dedicated optical network that interconnects thousands of servers and delivers massive files at the speed of light — directly to the access networks that consumers use every day. LimeLight’s proven network and passion for service assures their customers that every object in their library will be instantly delivered to every user, every time.”
Insitutional Activity: The institutional sentiment increased to 1.44 in Q2 2016. Its up 0.58, from 0.86 in 2016Q1. The ratio improved, as 7 funds sold all Limelight Networks, Inc. shares owned while 30 reduced positions. 10 funds bought stakes while 22 increased positions. They now own 63.09 million shares or 0.01% more from 63.08 million shares in 2016Q1.
Acadian Asset Ltd Limited Liability Company has 57,235 shares for 0% of their US portfolio. Geode Cap Mgmt Ltd holds 0% of its portfolio in Limelight Networks, Inc. (NASDAQ:LLNW) for 426,887 shares. Credit Suisse Ag owns 41,900 shares or 0% of their US portfolio. Quaker Ltd Liability has invested 1.5% of its portfolio in Limelight Networks, Inc. (NASDAQ:LLNW). State Common Retirement Fund holds 0% of its portfolio in Limelight Networks, Inc. (NASDAQ:LLNW) for 55,300 shares. Cornerstone Capital Management Holdings Lc holds 0% of its portfolio in Limelight Networks, Inc. (NASDAQ:LLNW) for 8,200 shares. Vanguard Group Inc accumulated 0% or 2.19 million shares. State Board Of Administration Of Florida Retirement Sys reported 44,873 shares or 0% of all its holdings. Globeflex Limited Partnership, a California-based fund reported 589 shares. Alliancebernstein Ltd Partnership last reported 119,600 shares in the company. Whittier Tru, a California-based fund reported 300 shares. Da Davidson And has invested 0% of its portfolio in Limelight Networks, Inc. (NASDAQ:LLNW). Fiduciary Tru last reported 43,369 shares in the company. Manufacturers Life Insur The last reported 3,682 shares in the company. State Street Corporation holds 0% or 1.05M shares in its portfolio.
Another recent and important Limelight Networks, Inc. (NASDAQ:LLNW) news was published by Bizjournals.com which published an article titled: “Limelight Networks reports lower loss, revenue decrease in third quarter” on October 26, 2016.
LLNW Company Profile
Limelight Networks, Inc., incorporated on August 20, 2003, provides content delivery network services to deliver content over Internet. The Firm operates a globally distributed, computing platform and provides services under the Orchestrate Platform, which include content delivery, video content management, Website and Web application acceleration, Website and content security and cloud storage services. The Firm provides services to deliver digital content to Web, mobile, social, gaming, large screen and other digital channels. The Company’s services offers various features, which include video publishing, mobile enablement, content delivery, Website, and Web application acceleration and security, transcoding and cloud storage.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.