After Northland Securities and Oppenheimer gave Limelight Networks (NASDAQ: LLNW) a Buy rating last month, the company received another Buy, this time from Raymond James. Analyst Robert Majek maintained a Buy rating on Limelight Networks today and set a price target of $8.00. The company’s shares closed last Thursday at $6.18.
According to TipRanks.com, Majek is a 2-star analyst with an average return of 3.1% and a 50.0% success rate. Majek covers the Technology sector, focusing on stocks such as Citrix Systems, ServiceNow, and MobileIron.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Limelight Networks with a $7.75 average price target, representing a 24.7% upside. In a report issued on October 14, Northland Securities also assigned a Buy rating to the stock with a $10.00 price target.
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The company has a one-year high of $8.19 and a one-year low of $3.51. Currently, Limelight Networks has an average volume of 3.46M.
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Limelight Networks, Inc. provides content delivery network services. It products include digital content & video delivery, cloud security, edge computing, origin storage & support services. The company’s solutions include realtime streaming, file distribution, live video & video on demand. Limelight was founded by Michael M. Gordon, Allan M. Kalpan, Nathan F. Raciborski and William H. Rinehart in June, 2001 and is headquartered in Tempe, AZ.
