Investors focused on the Computer and Technology space have likely heard of Limelight Networks , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of LLNW and the rest of the Computer and Technology group's stocks.
Limelight Networks is a member of the Computer and Technology sector. This group includes 606 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. LLNW is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for LLNW's full-year earnings has moved 8.33% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that LLNW has returned about 56.86% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have gained about 16.26% on average. This means that Limelight Networks is outperforming the sector as a whole this year.
To break things down more, LLNW belongs to the Internet - Services industry, a group that includes 47 individual companies and currently sits at #117 in the Zacks Industry Rank. This group has gained an average of 16.06% so far this year, so LLNW is performing better in this area.
Investors in the Computer and Technology sector will want to keep a close eye on LLNW as it attempts to continue its solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Investors focused on the Computer and Technology space have likely heard of Limelight Networks , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of LLNW and the rest of the Computer and Technology group's stocks.
Limelight Networks is a member of the Computer and Technology sector. This group includes 606 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. LLNW is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for LLNW's full-year earnings has moved 8.33% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that LLNW has returned about 56.86% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have gained about 16.26% on average. This means that Limelight Networks is outperforming the sector as a whole this year.
To break things down more, LLNW belongs to the Internet - Services industry, a group that includes 47 individual companies and currently sits at #117 in the Zacks Industry Rank. This group has gained an average of 16.06% so far this year, so LLNW is performing better in this area.
Investors in the Computer and Technology sector will want to keep a close eye on LLNW as it attempts to continue its solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>