NASDAQ:EGIO Edgio (EGIO) Stock Price, News & Analysis → Man who Predicted Trump 2016 Win: “Prepare for Election Meltdown” (From Paradigm Press) (Ad) Free EGIO Stock Alerts $8.55 -0.55 (-6.04%) (As of 06/7/2024 ET) Add Compare Share Share Today's Range$8.23▼$9.0450-Day Range$8.55▼$20.6452-Week Range$6.67▼$44.00Volume95,839 shsAverage Volume88,018 shsMarket Capitalization$49.85 millionP/E RatioN/ADividend YieldN/APrice Target$33.33 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Edgio alerts: Email Address Edgio MarketRank™ Stock AnalysisAnalyst RatingHold2.33 Rating ScoreUpside/Downside289.9% Upside$33.33 Price TargetShort InterestBearish13.14% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.88Based on 2 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.1.21 out of 5 starsComputer And Technology Sector504th out of 576 stocksBusiness Services, Not Elsewhere Classified Industry84th out of 91 stocks 3.2 Analyst's Opinion Consensus RatingEdgio has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.Amount of Analyst CoverageEdgio has only been the subject of 1 research reports in the past 90 days.Read more about Edgio's stock forecast and price target. Previous Next 2.0 Short Interest Percentage of Shares Shorted13.14% of the float of Edgio has been sold short.Short Interest Ratio / Days to CoverEdgio has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Edgio has recently increased by 6.56%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldEdgio does not currently pay a dividend.Dividend GrowthEdgio does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for EGIO. Previous Next 3.3 News and Social Media Coverage News SentimentEdgio has a news sentiment score of 1.88. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.80 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Edgio this week, compared to 1 article on an average week.Search InterestOnly 2 people have searched for EGIO on MarketBeat in the last 30 days. This is a decrease of -78% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Edgio to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Edgio insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 2.60% of the stock of Edgio is held by insiders.Percentage Held by InstitutionsOnly 23.16% of the stock of Edgio is held by institutions.Read more about Edgio's insider trading history. Previous Next 0.6 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Edgio is -0.33, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Edgio is -0.33, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioEdgio has a P/B Ratio of 0.20. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.Read more about Edgio's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Porter & CompanyThe new masters of energyAccording to one source, this new grid could soon provide energy to “one billion people in the world who don’t have access to electricity right now.” And early investors could make a fortune.Click here to get all the details. About Edgio Stock (NASDAQ:EGIO)Edgio, Inc. provides edge-enabled software solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates private global networks with distributed computing resources and extensive connectivity to last-mile broadband network providers; offers live and on-demand video delivery services; and provides platform, media, and application solutions. It also offers cloud security, edge compute, origin storage, and support services. In addition, the company provides content delivery, video content management, and streaming services, performance services for website and web application and security; professional services, cloud storage, and edge computing services. The company was formerly known as Limelight Networks, Inc. and changed its name to Edgio, Inc. in June 2022. Edgio, Inc. was founded in 2001 and is headquartered in Phoenix, Arizona.Read More EGIO Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart EGIO Stock News HeadlinesJune 7 at 8:00 AM | businesswire.comEdgio, Inc. Adopts Tax Benefits Preservation Plan Designed to Protect the Availability of Its Tax BenefitsMay 21, 2024 | businesswire.comEdgio, Inc. Receives Expected Notice from NASDAQMay 16, 2024 | benzinga.comEXCLUSIVE: Andrew Left Shorted GameStop — Here Are His 3 Long Stock Ideas - GEO Group (NYSE:GEO), Edgio (NASDAQ:EGIO)May 15, 2024 | businesswire.comEdgio Empowers Vercara to Push the Boundaries of Performance & Security to the EdgeMay 6, 2024 | businesswire.comEdgio Named Winner of the Coveted Global InfoSec Awards During RSA Conference 2024May 2, 2024 | businesswire.comEdgio Launches Attack Surface Management for Continuous Threat ProtectionApril 30, 2024 | businesswire.comTabletop Tactics Selects Edgio to Deliver Premium Video Content GloballyApril 11, 2024 | businesswire.comEverPass selects Edgio to Elevate Streaming Delivery to Commercial EstablishmentsApril 10, 2024 | businesswire.comEdgio Enables Broader FAST Outreach with Brazil BroadcasterApril 5, 2024 | businesswire.comEdgio Receives Expected Notice from NASDAQMarch 17, 2024 | finance.yahoo.comEGIO Apr 2024 0.500 callMarch 15, 2024 | markets.businessinsider.comEdgio Preliminary Q4 Revenue SlipsMarch 15, 2024 | finance.yahoo.comEdgio Announces Preliminary Unaudited Fourth Quarter 2023 Financial ResultsMarch 11, 2024 | finance.yahoo.comReachTV Chooses Edgio to Help Deliver and Monetize Streaming Content to Airports Across North AmericaMarch 1, 2024 | markets.businessinsider.comAnalysts Offer Insights on Technology Companies: Edgio (EGIO), Elastic (ESTC) and ACI Worldwide (ACIW)February 29, 2024 | investing.comEdgio announces 1-for-40 reverse stock split effective March 1February 27, 2024 | businesswire.comEdgio Announces Effectiveness of Reverse Stock SplitFebruary 22, 2024 | thestreet.comEdgio Inc.February 22, 2024 | finance.yahoo.comWeb Application Attacks Intensify in Fourth Quarter of 2023, According to New Edgio Quarterly Attack Trends ReportFebruary 22, 2024 | businesswire.comWeb Application Attacks Intensify in Fourth Quarter of 2023, According to New Edgio Quarterly Attack Trends ReportFebruary 21, 2024 | benzinga.comEdgio Stock (NASDAQ:EGIO) Insider TradesFebruary 21, 2024 | benzinga.comEdgio Stock (NASDAQ:EGIO) Dividends: History, Yield and DatesFebruary 17, 2024 | finance.yahoo.comEGIO Mar 2024 2.500 putFebruary 15, 2024 | finance.yahoo.comEGIO Feb 2024 0.500 putFebruary 14, 2024 | finance.yahoo.comEGIO Feb 2024 2.000 putSee More Headlines Receive EGIO Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Edgio and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings11/15/2023Today6/08/2024Next Earnings (Estimated)8/20/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Business services, not elsewhere classified Sub-IndustryN/A Current SymbolNASDAQ:EGIO CUSIPN/A CIK1391127 Webwww.limelight.com Phone(602) 850-5000Fax602-850-5001Employees822Year FoundedN/APrice Target and Rating Average Stock Price Target$33.33 High Stock Price Target$60.00 Low Stock Price Target$10.00 Potential Upside/Downside+289.9%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)($25.60) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-136,520,000.00 Net Margins-35.10% Pretax Margin-35.31% Return on Equity-45.85% Return on Assets-18.07% Debt Debt-to-Equity Ratio0.89 Current Ratio0.85 Quick Ratio0.85 Sales & Book Value Annual Sales$338.60 million Price / Sales0.15 Cash FlowN/A Price / Cash FlowN/A Book Value$43.20 per share Price / Book0.20Miscellaneous Outstanding Shares5,830,000Free Float5,678,000Market Cap$49.85 million OptionableOptionable Beta0.44 Metaverse Stocks And Why You Can't Ignore ThemThinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.Get This Free Report Key ExecutivesMr. Stephen Cumming (Age 54)Senior VP, CFO & Treasurer Comp: $566.12kMr. Richard P. Diegnan Jr. (Age 55)Senior VP, Chief Legal Officer & Secretary Comp: $334.86kMr. Todd A. Hinders (Age 53)CEO & Director Mr. Eric Chang (Age 50)Chief Accounting Officer Mr. Sameet SinhaVice President of Investor Relations & Corporate DevelopmentMs. Ann-Lamar TutenChief Business Operations OfficerMr. Ajay Kapur (Age 47)CTO & GM of Applications Comp: $1.66MMr. Darrin ReynoldsChief Information Security OfficerMr. Eric BlackCTO & GM of MediaMr. Peter J. Perrone (Age 56)Consultant Comp: $451.63kMore ExecutivesKey CompetitorsiClick Interactive Asia GroupNASDAQ:ICLKComputer Programs and SystemsNASDAQ:CPSIBridger Aerospace GroupNASDAQ:BAERFiscalNoteNYSE:NOTEZeroFoxNASDAQ:ZFOXView All CompetitorsInstitutional OwnershipJacobs Levy Equity Management Inc.Sold 1,305,314 shares on 5/16/2024Ownership: 0.663%Gabelli Funds LLCSold 794,461 shares on 5/15/2024Ownership: 0.341%BNP Paribas Financial MarketsSold 405,058 shares on 5/1/2024Ownership: 0.154%Pinnacle Associates Ltd.Sold 4,047,041 shares on 4/26/2024Ownership: 0.932%Nomura Holdings Inc.Sold 1,100 shares on 3/27/2024Ownership: 5.662%View All Institutional Transactions EGIO Stock Analysis - Frequently Asked Questions Should I buy or sell Edgio stock right now? 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Edgio in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" EGIO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EGIO, but not buy additional shares or sell existing shares. View EGIO analyst ratings or view top-rated stocks. What is Edgio's stock price target for 2024? 3 analysts have issued twelve-month price targets for Edgio's shares. Their EGIO share price targets range from $10.00 to $60.00. On average, they expect the company's stock price to reach $33.33 in the next year. This suggests a possible upside of 289.9% from the stock's current price. View analysts price targets for EGIO or view top-rated stocks among Wall Street analysts. How have EGIO shares performed in 2024? Edgio's stock was trading at $13.70 at the start of the year. Since then, EGIO stock has decreased by 37.6% and is now trading at $8.55. View the best growth stocks for 2024 here. Are investors shorting Edgio? Edgio saw a increase in short interest in May. As of May 15th, there was short interest totaling 427,200 shares, an increase of 6.6% from the April 30th total of 400,900 shares. Based on an average daily volume of 128,300 shares, the days-to-cover ratio is presently 3.3 days. Approximately 13.1% of the company's stock are sold short. View Edgio's Short Interest. When is Edgio's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 20th 2024. View our EGIO earnings forecast. How were Edgio's earnings last quarter? Edgio, Inc. (NASDAQ:EGIO) announced its earnings results on Wednesday, November, 15th. The company reported ($2.80) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($2.80). The company had revenue of $97.04 million for the quarter, compared to the consensus estimate of $96.44 million. Edgio had a negative net margin of 35.10% and a negative trailing twelve-month return on equity of 45.85%. When did Edgio's stock split? Edgio shares reverse split on Friday, March 1st 2024. The 1-40 reverse split was announced on Friday, March 1st 2024. The number of shares owned by shareholders was adjusted after the closing bell on Friday, March 1st 2024. An investor that had 100 shares of stock prior to the reverse split would have 3 shares after the split. What guidance has Edgio issued on next quarter's earnings? Edgio issued an update on its fourth quarter 2023 earnings guidance on Friday, March, 15th. The company provided EPS guidance of for the period. The company issued revenue guidance of $93.0 million-$95.0 million, compared to the consensus revenue estimate of $97.5 million. Who are Edgio's major shareholders? Edgio's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Pinnacle Associates Ltd. (0.93%), Jacobs Levy Equity Management Inc. (0.66%), Gabelli Funds LLC (0.34%) and BNP Paribas Financial Markets (0.15%). How do I buy shares of Edgio? Shares of EGIO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:EGIO) was last updated on 6/8/2024 by MarketBeat.com Staff From Our PartnersMillionaire-Making “Wealth Pattern” Just Repeated on April 22If you think you missed out on the Bitcoin band wagon… You need to watch this immediately.Paradigm Press | SponsoredBreaking - The US Gov. Seized CITGODo you want an investment that can double or triple your money in the next three months? 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