March 20, 2023


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Is Limelight Networks (LLNW) Stock Outpacing Its Laptop and Technological know-how Friends This Yr?

Buyers centered on the Laptop or computer and Technological innovation house have very likely heard of Limelight Networks (LLNW), but is the stock doing properly in comparison to the rest of its sector friends? Let us acquire a nearer search at the stock’s calendar year-to-day functionality to uncover out.

Limelight Networks is a member of our Computer and Technology group, which includes 601 diverse organizations and at present sits at #11 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 diverse sector groups. The regular Zacks Rank of the person stocks inside the teams is calculated, and the sectors are stated from finest to worst.

The Zacks Rank is a tested method that emphasizes earnings estimates and estimate revisions, highlighting a wide variety of stocks that are exhibiting the right features to beat the market more than the upcoming one particular to three months. LLNW is at the moment sporting a Zacks Rank of #2 (Acquire).

Above the previous a few months, the Zacks Consensus Estimate for LLNW’s whole-12 months earnings has moved 16.07% greater. This means that analyst sentiment is stronger and the stock’s earnings outlook is enhancing.

Dependent on the most the latest info, LLNW has returned 41.91% so far this 12 months. In the meantime, the Laptop or computer and Know-how sector has returned an typical of 22.58% on a 12 months-to-date foundation. This usually means that Limelight Networks is accomplishing superior than its sector in terms of calendar year-to-date returns.

Seeking much more precisely, LLNW belongs to the Internet – Providers market, a team that involves 47 person stocks and at the moment sits at #195 in the Zacks Field Rank. On ordinary, shares in this group have attained 15.41% this 12 months, indicating that LLNW is performing improved in conditions of 12 months-to-date returns.

Investors with an desire in Personal computer and Technological innovation shares need to continue on to monitor LLNW. The stock will be seeking to carry on its reliable functionality.

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The views and opinions expressed herein are the sights and thoughts of the creator and do not necessarily reflect these of Nasdaq, Inc.