B.Riley FBR Remains a Buy on Limelight Networks (LLNW)

By Carrie Williams

In a report released today, Lee Krowl from B.Riley FBR maintained a Buy rating on Limelight Networks (LLNWResearch Report), with a price target of $3.70. The company’s shares closed last Monday at $2.97.

According to TipRanks.com, Krowl is a 4-star analyst with an average return of 20.9% and a 46.4% success rate. Krowl covers the Technology sector, focusing on stocks such as Digital Turbine Inc, Rubicon Project, and Brightcove Inc.

Currently, the analyst consensus on Limelight Networks is a Strong Buy with an average price target of $3.48.

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The company has a one-year high of $5.11 and a one-year low of $2.20. Currently, Limelight Networks has an average volume of 795.5K.

Based on the recent corporate insider activity of 105 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. 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.