Limelight Networks (LLNW) : Quaker Capital Investments scooped up 587,140 additional shares in Limelight Networks during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 2,441,063 shares of Limelight Networks which is valued at $3.2 Million.Limelight Networks makes up approximately 1.37% of Quaker Capital Investments’s portfolio.
Other Hedge Funds, Including , Dimensional Fund Advisors Lp reduced its stake in LLNW by selling 70,186 shares or 1.89% in the most recent quarter. The Hedge Fund company now holds 3,649,987 shares of LLNW which is valued at $4.9 Million.Spark Investment Management boosted its stake in LLNW in the latest quarter, The investment management firm added 101,600 additional shares and now holds a total of 544,900 shares of Limelight Networks which is valued at $724,717. Limelight Networks makes up approx 0.07% of Spark Investment Management’s portfolio. Omers Administration Corp added LLNW to its portfolio by purchasing 28,515 company shares during the most recent quarter which is valued at $37,925. Cornerstone Capital Management Holdings. added LLNW to its portfolio by purchasing 17,800 company shares during the most recent quarter which is valued at $23,674. Spot Trading L.l.c sold out all of its stake in LLNW during the most recent quarter. The investment firm sold 9,500 shares of LLNW which is valued $12,635.
Limelight Networks closed down -0.01 points or -0.72% at $1.38 with 67,614 shares getting traded on Wednesday. Post opening the session at $1.38, the shares hit an intraday low of $1.37 and an intraday high of $1.4 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Limelight Networks reported $-0.01 EPS for the quarter, based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus estimate of $-0.01. The company had revenue of $41.40 million for the quarter, compared to analysts expectations of $43.40 million. The company’s revenue was down -2.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.02 EPS.
Many Wall Street Analysts have commented on Limelight Networks. Limelight Networks was Initiated by JMP Securities to “Mkt Outperform” on Mar 29, 2016.
Limelight Networks Inc. (Limelight) operates a globally distributed computing platform and provides a suite of integrated services. The Company’s suite of integrated services include content delivery services mobile delivery services video content management services performance services and cloud storage services. These four primary service groups work collectively to enable organizations to deliver digital content to a range of devices across the world and are collectively referred to as the Limelight Orchestrate Platform (the Orchestrate Platform). These services provide features including video publishing mobile enablement content delivery Website and Web application acceleration transcoding and cloud storage. The Company’s solutions include enterprise Web media and broadcasters and gaming. It also offers professional services and other infrastructure services such as transit and rack space services.