Limelight Networks (NASDAQ:LLNW) Receives News Sentiment Rating of 0.14
Press coverage about Limelight Networks (NASDAQ:LLNW) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative media 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 negative one to one, with scores closest to one being the most favorable. Limelight Networks earned a news impact score of 0.14 on Accern’s scale. Accern also assigned press coverage about the information services provider an impact score of 48.5451063271883 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Limelight Networks (NASDAQ LLNW) opened at $4.47 on Friday. The company has a market capitalization of $494.29, a PE ratio of -63.85 and a beta of 2.43. Limelight Networks has a 1-year low of $2.20 and a 1-year high of $6.05.
Limelight Networks (NASDAQ:LLNW) last announced its earnings results on Wednesday, February 7th. The information services provider reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. The firm had revenue of $48.19 million during the quarter, compared to analysts’ expectations of $47.74 million. Limelight Networks had a negative return on equity of 1.50% and a negative net margin of 4.14%. The business’s revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.02 EPS.
In related news, CEO Robert A. Lento sold 40,000 shares of the company’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $4.00, for a total value of $160,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Goldman Sachs Group Inc sold 15,272,493 shares of the company’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $3.80, for a total value of $58,035,473.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,317,793 shares of company stock valued at $58,219,411. Insiders own 37.60% of the company’s stock.
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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