Limelight Networks (NASDAQ:LLNW) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.10-0.11 for the period, compared to the Thomson Reuters consensus estimate of $0.15. The company issued revenue guidance of $195-196 million, compared to the consensus revenue estimate of $202.24 million.Limelight Networks also updated its FY19 guidance to $0.15-0.20 EPS.
A number of equities research analysts have commented on the company. BidaskClub cut Limelight Networks from a sell rating to a strong sell rating in a report on Tuesday, November 13th. ValuEngine cut Limelight Networks from a buy rating to a hold rating in a report on Tuesday, November 6th. TheStreet cut Limelight Networks from a b- rating to a c+ rating in a report on Tuesday, October 30th. DA Davidson set a $7.00 price target on Limelight Networks and gave the company a buy rating in a report on Monday, October 8th. Finally, Craig Hallum started coverage on Limelight Networks in a report on Monday, August 27th. They set a buy rating and a $6.00 price target on the stock. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $6.21.
Shares of LLNW stock opened at $2.59 on Friday. Limelight Networks has a 12-month low of $2.26 and a 12-month high of $5.52. The stock has a market capitalization of $363.38 million, a PE ratio of -129.50, a PEG ratio of 7.13 and a beta of 2.42.
In other news, insider Kurt Silverman sold 7,500 shares of Limelight Networks stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $5.00, for a total value of $37,500.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Robert A. Lento sold 40,000 shares of Limelight Networks stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $4.02, for a total value of $160,800.00. The disclosure for this sale can be found here. Insiders sold 87,500 shares of company stock worth $395,900 over the last ninety days. Insiders own 10.60% of the company’s stock.
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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, and social channels. It provides Orchestrate Platform, a suite of integrated services comprising content delivery, video content management, Website and Web application acceleration, Website and content security, and cloud storage services.
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