After Cowen & Co. and B.Riley FBR gave Limelight Networks (NASDAQ: LLNW) a Buy rating last month, the company received another Buy, this time from Oppenheimer. Analyst Timothy Horan maintained a Buy rating on Limelight Networks today. The company’s shares opened today at $4.31.
According to TipRanks.com, Horan is a top 25 analyst with an average return of 17.9% and a 78.6% success rate. Horan covers the Technology sector, focusing on stocks such as Interxion Holding NV, Boingo Wireless Inc, and Zayo Group Holdings.
Limelight Networks has an analyst consensus of Strong Buy, with a price target consensus of $6.33.
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The company has a one-year high of $6.05 and a one-year low of $3.46. Currently, Limelight Networks has an average volume of 945.4K.
Based on the recent corporate insider activity of 81 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LLNW in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Limelight Networks, Inc. is engages in the provision of digital content delivery solutions. It offers cloud security, content delivery, video content management, website and web application acceleration, website and content security, and cloud storage services. It serves to the software, device manufactures, media, broad casters and gaming industries.
