The consensus among analysts is that Limelight Networks, Inc. (LLNW) is a Buy stock at the moment, with a recommendation rating of 1.9. None of the analysts rate the stock as a Sell, while 1 rate it as Overweight. 1 out of 9 have rated it as a Hold, with 7 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.01.
Limelight Networks, Inc. (NASDAQ:LLNW) trade information
Sporting 0.54% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Friday, Jun 26 when the LLNW stock price touched $7.99-7 or saw a rise of 7.26%. Year-to-date, Limelight Networks, Inc. shares have moved 81.62%, while the 5-day performance has seen it change 32.91%. Over the past 30 days, the shares of Limelight Networks, Inc. (NASDAQ:LLNW) have changed 50%. Short interest in the company has seen 7.74 Million shares shorted with days to cover at 2.86.
Limelight Networks, Inc. (LLNW) estimates and forecasts
Figures show that Limelight Networks, Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained +80.73% over the past 6 months, with this year growth rate of -400%, compared to -1.5% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 133.3% and 100% for the next quarter. Revenue growth from the last financial year stood is estimated to be +15.8%.
9 analysts offering their estimates for the company have set an average revenue estimate of $56.72 Million for the current quarter. 9 have an estimated revenue figure of $57.28 Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $45.9 Million and $51.32 Million respectively for this quarter and the next, and analysts expect sales will grow by 23.6% for the current quarter and 11.6% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +14.2% over the past 5 years. Earnings growth for 2020 is a modest -276.2% while over the next 5 years, the company’s earnings are expected to increase by 15%.
Limelight Networks, Inc. (NASDAQ:LLNW)’s Major holders
Insiders own 4.22% of the company shares, while shares held by institutions stand at 82.04% with a share float percentage of 85.65%. Investors are also buoyed by the number of investors in a company, with Limelight Networks, Inc. having a total of 191 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 8.27 Million shares worth more than $47.14 Million. As of March 30, 2020, Blackrock Inc. held 6.91% of shares outstanding.
The other major institutional holder is Hood River Capital Management LLC, with the holding of over 6.95 Million shares as of March 30, 2020. The firm’s total holdings are worth over $39.6 Million and represent 5.81% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Federated Kaufmann Small Cap Fund and Vanguard Total Stock Market Index Fund. As of January 30, 2020, the former fund manager holds about 3.91% shares in the company for having 4682001 shares of worth $23.36 Million while later fund manager owns 3.22 Million shares of worth $18.33 Million as of March 30, 2020, which makes it owner of about 2.69% of company’s outstanding stock.