This stock looks to have bottomed recently, and it could be ready for a sizable move higher. Limelight Networks Inc. (NASDAQ: LLNW) offers services and solutions for businesses to deliver their digital content across the internet, mobile, social and other digital initiatives. It operates edge services platform that provides content delivery services, video content management services, performance services for website and web application acceleration and security, professional services, cloud storage and edge computing services, as well as sells equipment.
Limelight Networks also offers professional services and other infrastructure services, such as transit and rack space services. It serves media companies operating in the television, music, radio, newspaper, magazine, movie, gaming, software and social media industries, as well as enterprises, technology companies and government entities conducting business online.
Lake Street Capital has set a Buy rating and has a $6 price objective. The posted consensus target is $4.11 a share. Limelight Networks stock has near $3.50 for at least a month.
This off-the-radar play has among the biggest upside potential in the Roth Capital technology universe. Sequans Communications S.A. (NYSE: SQNS) develops and provides 5G and 4G chips and modules for massive, broadband and critical Internet of Things (IoT) markets.
For 5G/4G massive IoT applications, the company provides a comprehensive product portfolio based on its flagship Monarch LTE-M/NB-IoT and Calliope Cat 1 chip platforms featuring low power consumption, a set of integrated functionalities and deployment capability.
For 5G/4G broadband and critical IoT applications, Sequans Communications offers a product portfolio based on its Cassiopeia Cat 4/Cat 6 4G and high-end Taurus 5G chip platforms optimized for residential, enterprise and industrial applications.
A huge $13 price target accompanies B. Riley’s Buy rating, and the consensus target is $12.60. The stock has traded below $6 recently.
This company has gone through numerous transformations over the past 20 years and is poised for potential strong growth. Zix Corp. (NASDAQ: ZIXI) provides email encryption, data loss prevention, threat protection and archiving for the secure exchange of email in the United States.
Zix’s Advanced Email Threat Protection is a cloud-based service that defends organizations from zero-day malware, ransomware, phishing, CEO fraud, W-2 phishing attacks, spam and viruses in email. Information Archive is a cloud-based email retention solution that enables user retrieval, compliance and e-discovery, while Email Encryption Service allows a user to send encrypted email to any email user anywhere and on any internet-enabled device. The company offers cloud-based cybersecurity solutions, e-signatures and secure file sharing solutions. It serves the health care, financial services, insurance and government sectors.
Stephens has a Buy rating and an $11 price target. That is less than the $12 consensus figure. The stock has traded mostly between $7 and $8 in recent weeks.
These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. While not suited for all investors, these are not penny stocks with absolutely no track record or liquidity, and major Wall Street firms have research coverage.