In today’s recent session, 3,173,066 shares of the Limelight Networks, Inc.(NASDAQ:LLNW) have been traded, and its beta is 0.57. Most recently the company’s share price was $3.59, and it changed around -$0.08 or -0.02% from the last close, which brings the market valuation of the company to $442.54 Million. LLNW at last check was trading at a discount to its 52-week high of $8.19, offering almost -128.13% off that amount. The share price’s 52-week low was $3.25, which indicates that the recent value has risen by an impressive 9.47% since then. We note from Limelight Networks, Inc.’s average daily trading volume that its 10-day average is 11.49 Million shares, with the 3-month average coming to 5.47 Million.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.

Limelight Networks, Inc. stock received a consensus recommendation rating of Hold, based on a mean score of 2.8. If we narrow it down even further, the data shows that none out of 9 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 6 recommended LLNW as a Hold, whereas 2 deemed it a Buy, and 1 rated it as Underweight. Limelight Networks, Inc. is expected to report earnings per share of -$0.03 for the current quarter.

Limelight Networks, Inc. (NASDAQ:LLNW): Trading Information Today

Although LLNW has been showing red trend so far today with a performance of -2.18% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $4.00- on Tuesday, Feb 16 increased the stock’s daily price by 11.25%. The company’s shares are currently down -0.11% year-to-date, but still down -0.1024 over the last five days. On the other hand, Limelight Networks, Inc. (NASDAQ:LLNW) is -0.22% down in the 30-day period. We can see from the shorts that 12.5 Million shares have been sold at a short interest cover period of 2.29 day(s).

The consensus price target as assigned by Wall Street analysts is $4.25, which translates to bears needing to increase their stock price by 18.38% from its current value. Analyst projections state that LLNW is forecast to be at a low of $3 and a high of $6. In order for the stock price to hit the forecast high, the stock would need to surge +67.13% from its current level, while the stock would need to crash -16.43% from its current level to reach the projected low.

Limelight Networks, Inc. (LLNW) projections and forecasts

Consensus estimates provided by 9 financial analysts predict the company will bring in an average of $54.17 Million in revenue for the current quarter. 9 analysts expect Limelight Networks, Inc. to make $55.42 Million in revenue for the quarter ending June 01, 2021. The company’s sales for the same quarters a year ago were $57.01 Million and $56.72 Million respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -5%. Forecasts for the next quarter put sales growth at -2.3%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 7.8%. Limelight Networks, Inc. earnings are expected to decrease by -14.9% in 2021, but the outlook is positive 15% per year for the next five years.

Limelight Networks, Inc. (NASDAQ:LLNW)’s Biggest Investors

Upon looking at major shareholders, it appears that insiders hold 3.97% of Limelight Networks, Inc. shares, and 80.48% of them are in the hands of institutional investors. The stock currently has a share float of 83.8%. Limelight Networks, Inc. stock is held by 253 institutions, with Blackrock Inc. being the largest institutional investor. By Dec 30, 2020, it held 8.19% of the shares, which is about 10.07 Million shares worth $40.19 Million.


A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.

Sponsored


Vanguard Group, Inc. (The), with 5.03% or 6.18 Million shares worth $35.62 Million as of Sep 29, 2020, holds the second largest percentage of outstanding shares.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

LEAVE A REPLY

Please enter your comment!
Please enter your name here