Limelight Networks (NASDAQ:LLNW) posted its quarterly earnings results on Wednesday. The information services provider reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03), Morningstar.com reports. Limelight Networks had a net margin of 5.03% and a negative return on equity of 1.34%. The business had revenue of $43.28 million during the quarter, compared to the consensus estimate of $44.87 million. During the same quarter last year, the company posted $0.06 EPS. The firm’s revenue was down 17.0% on a year-over-year basis. Limelight Networks updated its FY 2019 guidance to $0.10-0.20 EPS and its FY19 guidance to $0.10-0.20 EPS.

LLNW stock opened at $3.11 on Friday. The firm has a market cap of $349.03 million, a price-to-earnings ratio of -155.50, a PEG ratio of 30.55 and a beta of 2.70. Limelight Networks has a fifty-two week low of $2.21 and a fifty-two week high of $5.52.

A number of hedge funds have recently bought and sold shares of the business. Legal & General Group Plc increased its position in Limelight Networks by 25.1% during the 4th quarter. Legal & General Group Plc now owns 20,034 shares of the information services provider’s stock worth $46,000 after buying an additional 4,014 shares during the period. Citigroup Inc. increased its position in Limelight Networks by 15.5% during the 4th quarter. Citigroup Inc. now owns 35,413 shares of the information services provider’s stock worth $83,000 after buying an additional 4,758 shares during the period. California Public Employees Retirement System increased its position in Limelight Networks by 2.4% during the 4th quarter. California Public Employees Retirement System now owns 307,453 shares of the information services provider’s stock worth $719,000 after buying an additional 7,119 shares during the period. WINTON GROUP Ltd increased its position in Limelight Networks by 59.6% during the 4th quarter. WINTON GROUP Ltd now owns 24,838 shares of the information services provider’s stock worth $58,000 after buying an additional 9,278 shares during the period. Finally, B. Riley Financial Inc. increased its position in Limelight Networks by 2.8% during the 3rd quarter. B. Riley Financial Inc. now owns 467,626 shares of the information services provider’s stock worth $2,347,000 after buying an additional 12,785 shares during the period. Hedge funds and other institutional investors own 74.33% of the company’s stock.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research cut Limelight Networks from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 10th. BidaskClub upgraded Limelight Networks from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Finally, Raymond James upgraded Limelight Networks from an “underperform” rating to a “market perform” rating in a research note on Tuesday, January 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Limelight Networks currently has a consensus rating of “Hold” and a consensus target price of $6.31.

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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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Earnings History for Limelight Networks (NASDAQ:LLNW)

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