Is Limelight Networks (LLNW) Outperforming Other Computer and Technology Stocks This Year?
Investors focused on the Computer and Technology space have likely heard of Limelight Networks (LLNW), 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.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Limelight Networks, Inc. (LLNW) : Free Stock Analysis Report
To read this article on Zacks.com click here.
- Tech World E1 Limited
- Clinical Study: Kaia Health Computer Vision Technology as Accurate as Physical Therapists in Suggesting Exercise Corrections | News
- Software program Developer Jobs, Employment
- Which Computer Hardware Stock is a Better Buy? By StockNews
- Web And Digital Media Conference (Might 2019), San Francisco USA