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Analysts Offer Insights on Technology Companies: Stampscom (STMP) and Limelight Networks (LLNW)


There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Stampscom (STMP) and Limelight Networks (LLNW) with bullish sentiments.

Stampscom (STMP)

Maxim Group analyst Allen Klee reiterated a Buy rating on Stampscom today and set a price target of $320. The company’s shares closed yesterday at $165.29, close to its 52-week low of $145.78.

Klee noted:

“We have a positive read through from Government Task Force Report on U.S. Postal Service (USPS), which we believe is supportive of STMP and its relationship with the USPS.”

According to TipRanks.com, Klee is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -13.1% and a 27.3% success rate. Klee covers the Technology sector, focusing on stocks such as Sify Technologies Limited, Atlantic Tele-Network, and Net 1 Ueps.

Currently, the analyst consensus on Stampscom is a Strong Buy with an average price target of $285, which is a 72.4% upside from current levels. In a report issued on December 6, Roth Capital also maintained a Buy rating on the stock with a $260 price target.

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Limelight Networks (LLNW)

In a report released today, Timothy Horan from Oppenheimer maintained a Buy rating on Limelight Networks, with a price target of $4. The company’s shares closed yesterday at $3.21, close to its 52-week low of $3.12.

Horan wrote:

“LLNW announced that it was lowering FY18 guidance after the close yesterday. The move was driven by price competition. There is not alot of visibility on timing of elastacity. It appears pricing is still pressured, and LLNW was forced to re-price top customers. AKAM went through a similar initiative earlier this year when it worked with many of its top 250 customer on pricing and terms but the process appears to be continuing. Long-term volume trends remain favorable, but there are new cloud and startup competitors that are driving competition. We think traffic will accelerate on LLNW’s CDN from OTT video/gaming but we don’t have alot of visibility on timing. are lowering our PT to $4 (from $6.50), based on ~10x 2019E EBITDA.”

According to TipRanks.com, Horan is a top 100 analyst with an average return of 15.2% and a 69.3% success rate. Horan covers the Technology sector, focusing on stocks such as Interxion Holding NV, Boingo Wireless Inc, and Zayo Group Holdings.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Limelight Networks with a $6.50 average price target.

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