Somewhat Favorable News Coverage Somewhat Unlikely to Affect Limelight Networks (LLNW) Share Price

Media coverage about Limelight Networks (NASDAQ:LLNW) has trended somewhat positive on Tuesday, according to Accern Sentiment. The research firm identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Limelight Networks earned a news impact score of 0.11 on Accern’s scale. Accern also assigned media stories about the information services provider an impact score of 45.9376725845741 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Limelight Networks (LLNW) traded up 0.28% during trading on Tuesday, reaching $3.62. The company had a trading volume of 154,841 shares. The company has a 50-day moving average price of $3.55 and a 200 day moving average price of $2.98. Limelight Networks has a one year low of $1.45 and a one year high of $3.78. The company’s market capitalization is $395.48 million.

Limelight Networks (NASDAQ:LLNW) last posted its quarterly earnings data on Wednesday, July 26th. The information services provider reported $0.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.02. The firm had revenue of $45.37 million during the quarter, compared to analyst estimates of $45.25 million. Limelight Networks had a negative net margin of 8.65% and a negative return on equity of 5.03%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the business posted $0.01 EPS. Analysts expect that Limelight Networks will post $0.06 earnings per share for the current year.

LLNW has been the topic of a number of recent research reports. BidaskClub raised Limelight Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. TheStreet raised Limelight Networks from a “d+” rating to a “c” rating in a research report on Thursday, July 27th. B. Riley reaffirmed a “buy” rating and issued a $4.30 target price on shares of Limelight Networks in a research report on Thursday, July 27th. Finally, Zacks Investment Research downgraded Limelight Networks from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $3.45.

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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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