July 24, 2024

Watchever group

Inspired by Technology

Is Limelight Networks (LLNW) Inventory Outpacing Its Pc and Technologies Peers This Calendar year?

Investors centered on the Laptop and Engineering house have probably heard of Limelight Networks (LLNW), but is the inventory undertaking very well in comparison to the relaxation of its sector friends? Let us consider a nearer seem at the stock’s calendar year-to-date efficiency to find out.

Limelight Networks is a member of our Personal computer and Technological know-how group, which consists of 601 unique corporations and at this time sits at #11 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the specific stocks within the teams is calculated, and the sectors are outlined from greatest to worst.

The Zacks Rank is a confirmed system that emphasizes earnings estimates and estimate revisions, highlighting a wide range of stocks that are displaying the suitable features to beat the market over the following a single to a few months. LLNW is now sporting a Zacks Rank of #2 (Buy).

Over the previous 3 months, the Zacks Consensus Estimate for LLNW’s entire-year earnings has moved 16.07% bigger. This means that analyst sentiment is stronger and the stock’s earnings outlook is enhancing.

Based on the most new facts, LLNW has returned 41.91% so significantly this year. Meanwhile, the Computer and Technological know-how sector has returned an average of 22.58% on a 12 months-to-date foundation. This suggests that Limelight Networks is undertaking greater than its sector in terms of yr-to-date returns.

Hunting more exclusively, LLNW belongs to the World wide web – Companies field, a group that features 47 personal stocks and presently sits at #195 in the Zacks Marketplace Rank. On typical, shares in this team have acquired 15.41% this calendar year, meaning that LLNW is doing far better in phrases of year-to-day returns.

Investors with an fascination in Computer and Technologies shares really should continue to observe LLNW. The stock will be seeking to continue on its stable effectiveness.

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The views and views expressed herein are the sights and thoughts of the writer and do not essentially reflect those people of Nasdaq, Inc.