Limelight Networks (NASDAQ:LLNW) issued an update on its FY 2019 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.00-0.00 for the period, compared to the Thomson Reuters consensus estimate of $0.05. The company issued revenue guidance of $200-210 million, compared to the consensus revenue estimate of $207.47 million.
Shares of LLNW stock traded up $0.16 during trading on Wednesday, reaching $2.75. 1,630,644 shares of the company’s stock traded hands, compared to its average volume of 866,062. The company has a market capitalization of $297.55 million, a P/E ratio of -137.50 and a beta of 2.07. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.16 and a quick ratio of 2.16. The stock has a 50-day moving average price of $2.79. Limelight Networks has a 1 year low of $2.21 and a 1 year high of $5.32.
Limelight Networks (NASDAQ:LLNW) last posted its earnings results on Wednesday, April 17th. The information services provider reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.03). The firm had revenue of $43.28 million for the quarter, compared to the consensus estimate of $44.87 million. Limelight Networks had a negative return on equity of 8.25% and a net margin of 0.61%. The business’s revenue was down 17.0% on a year-over-year basis. During the same period last year, the company posted $0.06 EPS. Equities research analysts forecast that Limelight Networks will post -0.03 EPS for the current year.
A number of analysts recently weighed in on the stock. BidaskClub raised shares of Zebra Technologies from a hold rating to a buy rating in a report on Saturday, July 6th. B. Riley set a $82.00 target price on shares of Consolidated-Tomoka Land and gave the stock a buy rating in a report on Monday. DA Davidson set a $16.00 target price on shares of Redfin and gave the stock a hold rating in a report on Tuesday, July 2nd. Finally, Zacks Investment Research lowered shares of CGI from a buy rating to a hold rating in a report on Wednesday, June 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $5.05.
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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