Media stories about Limelight Networks (NASDAQ:LLNW) have trended somewhat negative on Friday, Accern reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Limelight Networks earned a media sentiment score of -0.07 on Accern’s scale. Accern also gave news articles about the information services provider an impact score of 48.6730640162642 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Limelight Networks (LLNW) Announces Resignation of Mark Midle from Board (streetinsider.com)
- Limelight Announces Change to Board of Directors (finance.yahoo.com)
- Limelight Networks launches advanced Bot Manager against cyber threats (gizbot.com)
- $47.51 Million in Sales Expected for Limelight Networks, Inc. (LLNW) This Quarter (americanbankingnews.com)
Several analysts recently issued reports on LLNW shares. B. Riley reiterated a “buy” rating and set a $6.00 price target on shares of Limelight Networks in a research report on Wednesday, December 13th. Zacks Investment Research lowered shares of Limelight Networks from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 19th. Finally, BidaskClub lowered shares of Limelight Networks from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $5.63.
Limelight Networks (NASDAQ LLNW) traded down $0.02 during midday trading on Friday, hitting $4.29. 372,725 shares of the company traded hands, compared to its average volume of 852,444. The firm has a market cap of $487.64, a price-to-earnings ratio of -61.56 and a beta of 2.43. Limelight Networks has a twelve month low of $2.36 and a twelve month high of $6.05.
Limelight Networks (NASDAQ:LLNW) last posted its quarterly earnings results on Wednesday, February 7th. The information services provider reported $0.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.03. The business had revenue of $48.19 million for the quarter, compared to analyst estimates of $47.74 million. Limelight Networks had a negative net margin of 4.14% and a negative return on equity of 1.50%. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the business posted $0.02 EPS.
In other Limelight Networks news, CEO Robert A. Lento sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $4.00, for a total value of $160,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Goldman Sachs Group Inc sold 15,272,493 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $3.80, for a total transaction of $58,035,473.40. The disclosure for this sale can be found here. Insiders sold 15,317,793 shares of company stock worth $58,219,411 in the last 90 days. Company insiders own 37.60% 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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