Why Limelight Networks (LLNW)) Could Be Positioned for a Surge? – Tale of the Tape

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on LLNW earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Limelight Networks could be a solid choice for investors.

Current Quarter Estimates for LLNW

In the past 30 days, 2 estimates have gone higher for Limelight Networks while none have moved lower in the same time period. The trend has been pretty favorable too, with estimates improving from a loss of 8 cents a share 30 days ago, to a loss of 7 cents today.

Current Year Estimates for LLNW

Meanwhile, Limelight Networks’s current year figures are also looking quite promising, with 4 estimates moving higher in the past month, compared to no downward revision. The consensus estimate trend has also seen a boost for this time frame, improving from a loss of 32 cents per share 30 days ago to a loss of 25 cents per share today.

Bottom Line

The stock has also started to move higher lately, adding 5.7% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future.

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