• Lake Street analyst Eric Martinuzzi raised the price target on Limelight Networks Inc (NASDAQ: LLNW) to $5 from $4.50 and reiterated a Buy rating on the shares. The price target implies an upside of 34%.

  • The re-rating follows Limelight's Q4 results and 2022 guidance that was "slightly" ahead of expectations.

  • Martinuzzi believes a return to growth and more consistent execution will support a higher valuation.

  • Limelight reported fourth-quarter FY21 revenue growth of 14% year-on-year to $62.9 million, beating the consensus of $61.6 million.

  • The gross margin expanded 670 bps to 35.4%.

  • Non-GAAP EPS of $0.02 beat the consensus of $0.01.

  • Limelight sees FY22 revenue of $240 million – $250 million versus the consensus of $241.2 million.

  • Limelight sees FY22 non-GAAP EPS loss of $(0.06) – $(0.01) against the consensus loss of $(0.04).

  • Price Action: LLNW shares traded higher by 9.25% at $4.08 on the last check Friday.

Latest Ratings for LLNW

Jan 2022

Truist Securities

Upgrades

Hold

Buy

Dec 2021

Raymond James

Upgrades

Market Perform

Strong Buy

Oct 2021

Craig-Hallum

Upgrades

Hold

Buy

View More Analyst Ratings for LLNW
View the Latest Analyst Ratings

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