Headlines about Limelight Networks (NASDAQ:LLNW) have been trending somewhat positive on Wednesday, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Limelight Networks earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave news coverage about the information services provider an impact score of 46.4738263365824 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the media stories that may have effected Accern’s analysis:

A number of analysts recently issued reports on the stock. B. Riley restated a “buy” rating and set a $6.00 target price on shares of Limelight Networks in a research report on Monday, December 4th. Zacks Investment Research raised shares of Limelight Networks from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a research note on Friday, October 20th. Cowen reaffirmed an “outperform” rating and set a $6.00 price target (up previously from $4.00) on shares of Limelight Networks in a research note on Thursday, October 19th. Finally, DA Davidson set a $5.50 price target on shares of Limelight Networks and gave the stock a “buy” rating in a research note on Monday, October 16th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Limelight Networks presently has a consensus rating of “Buy” and an average price target of $5.00.

Limelight Networks (NASDAQ LLNW) traded down $0.02 during trading hours on Wednesday, reaching $4.67. 642,400 shares of the company’s stock were exchanged, compared to its average volume of 519,360. Limelight Networks has a 12 month low of $2.02 and a 12 month high of $6.05.

Limelight Networks (NASDAQ:LLNW) last posted its quarterly earnings results on Wednesday, October 18th. The information services provider reported $0.02 earnings per share for the quarter. The company had revenue of $46.07 million for the quarter, compared to the consensus estimate of $43.09 million. Limelight Networks had a negative net margin of 5.91% and a negative return on equity of 3.29%. The company’s quarterly revenue was up 16.7% on a year-over-year basis. equities analysts expect that Limelight Networks will post -0.04 EPS for the current year.

In other Limelight Networks news, Director Mark J. Midle sold 15,000,000 shares of the stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $4.35, for a total transaction of $65,250,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 37.60% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Limelight Networks (LLNW) Earning Somewhat Positive News Coverage, Accern Reports” was originally reported by Watch List News and is owned by of Watch List News. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece can be viewed at https://www.watchlistnews.com/limelight-networks-llnw-earning-somewhat-positive-news-coverage-accern-reports/1761634.html.

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.

Insider Buying and Selling by Quarter for Limelight Networks (NASDAQ:LLNW)

Receive News & Ratings for Limelight Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Limelight Networks and related companies with Analyst Ratings Network's FREE daily email newsletter.