Limelight Networks (LLNW) closed at $4.12 within the newest buying and selling session, marking a -0.36% transfer from the prior day. This transfer lagged the S&P 500’s day by day lack of 0.13%. On the similar time, the Dow added 0.16%, and the tech-heavy Nasdaq misplaced 0.23%.
Coming into immediately, shares of the community companies firm had gained 4.95% previously month. In that very same time, the Laptop and Know-how sector gained 7.17%, whereas the S&P 500 gained 3.58%.
Traders shall be hoping for energy from LLNW because it approaches its subsequent earnings launch. In that report, analysts count on LLNW to put up earnings of $0.02 per share. This might mark a year-over-year decline of 60%. In the meantime, the Zacks Consensus Estimate for income is projecting internet gross sales of $62.05 million, up 3.19% from the year-ago interval.
For the total 12 months, our Zacks Consensus Estimates are projecting earnings of $0.04 per share and income of $236.85 million, which might characterize modifications of +300% and +18.05%, respectively, from the prior 12 months.
Additionally it is vital to notice the latest modifications to analyst estimates for LLNW. These revisions assist to point out the ever-changing nature of near-term enterprise developments. In consequence, we will interpret constructive estimate revisions as a superb signal for the corporate’s enterprise outlook.
Analysis signifies that these estimate revisions are immediately correlated with near-term share value momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate modifications into consideration and delivers a transparent, actionable score mannequin.
The Zacks Rank system, which ranges from #1 (Robust Purchase) to #5 (Robust Promote), has a formidable outside-audited observe file of outperformance, with #1 shares producing a median annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.24% greater throughout the previous month. LLNW is presently a Zacks Rank #5 (Robust Promote).
Valuation can also be vital, so traders ought to word that LLNW has a Ahead P/E ratio of 118.14 proper now. This represents a premium in comparison with its trade’s common Ahead P/E of 33.08.
The Web – Companies trade is a part of the Laptop and Know-how sector. This trade presently has a Zacks Trade Rank of 187, which places it within the backside 27% of all 250+ industries.
The Zacks Trade Rank gauges the energy of our trade teams by measuring the common Zacks Rank of the person shares throughout the teams. Our analysis reveals that the highest 50% rated industries outperform the underside half by an element of two to 1.
You will discover extra data on all of those metrics, and rather more, on Zacks.com.
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Limelight Networks, Inc. (LLNW): Free Inventory Evaluation Report
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