Limelight Networks Inc. (LLNW): Why its showing bear behavior?


Limelight Networks Inc. (NASDAQ:LLNW) changes shares on Thursday trading session, with a change of -3.73% or -$0.25 shares. The trading starts at $6.74 and closed at $6.71 throughout the day. The trading session low price was $6.44 and day high was $6.765 on Thursday, August 06. After the session, the Technology sector daily volume shifted to 1.8 million while its average volume is 3.13M. In other hand, the LLNW market cap reached to $789.80M. While, its current target price is $8.86.

On April 19, 2018, BRIEF-Limelight Networks Reports Q1 Non-GAAP Earnings Per Share $0.06. According to the news reported on Reuters, * LIMELIGHT NETWORKS REPORTS RECORD FINANCIAL RESULTS FOR THE FIRST QUARTER OF 2018

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 2.87% and down -14.89% for month. Its quarterly performance was 30.77% above, while its half year performance is up 27.92%. LLNW yearly performance stood at positive 164.75% and rise 58.33% for year-to-date. Current recommendation for Limelight Networks Inc. is 1.90.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. LLNW EPS (TTM) for 12-month is -0.04. EPS for this year is -276.20%, while for the next year its value is 0.13. Its EPS Q/Q reached 77.00%. It has an EPS of 14.20% up for past five years and for the next five years will be up 15.00%.

Let’s take a look on the analyst recommendations on LLNW for the current month and previous month. For the current month, 7 of 9 analysts recommend stock as Buy while 0 as Sell, 1 as overweight, 0 as underweight and 1 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $7.60 – $10.00. Average target price for LLNW was reached at $8.86.

Blackrock Inc., Hood River Capital Management LLC and Vanguard Group, Inc. (The) are the top three holders in Limelight Networks Inc. (LLNW) stock. On Mar 30, 2020, Blackrock Inc. has 8.27 million shares which valued 47.14 million. On Mar 30, 2020, Hood River Capital Management LLC owned 6.95 million shares which valued at 39.6 million. On Mar 30, 2020, Vanguard Group, Inc. (The) has a total of 6.15 million shares which valued at 35.08 million. In the end, Vanguard Group, Inc. (The) have 5.04% shares outstanding of Limelight Networks Inc. (LLNW) on Mar 30, 2020. The insider ownership moved to 5.10% and institutional holding shifted to 81.70%.

The company posted an EPS (TTM) of -0.04. According to the most recent quarter report on (Sep 2020), 9 analysts estimated an average EPS of 0.02, while 0.01 EPS posted a year ago period. Analyst Estimated EPS for LLNW published in the report was $0.01 – $0.03 during the same period. Comparing with last year, the average estimated EPS was 0.01 which is lower than 0.03 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for LLNW rise 24.08% for period of 200 days. SMA for 50 days was 2.90% which is showing green signal, while SMA-20 was -5.12%. The moving average value for Limelight Networks Inc. (LLNW) is 7.74M and 6.41% for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in LLNW stock. On Aug 03, Marth Thomas, SVP Sales, sold 4,399 trading shares at the cost of $6.31, which valued at 27758.0. On Aug 03, LENTO ROBERT A, CEO, sold 20,833 shares at the cost of $6.37, with total shares of 1,898,500. On Aug 03, AMARAL WALTER, Director, sold 34,025 shares at the cost of 6.37. After this transaction, AMARAL WALTER total shares reached to 273,945 which valued at 0.22 million.