Edgio (EGIO) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: N/A
• 50-Day Range: $0.75 to $11.24
• 52-Week Range: N/A
• Volume: 2.35 million shs
• Average Volume: 900,456 shs
• Market Capitalization: $6.47 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $10.00
• Consensus Rating: Hold

Edgio Stock Analysis - MarketRank™

Edgio scored higher than 14% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.0 / 5
• Analyst Rating: Hold

Consensus Rating

Edgio has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Edgio has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Edgio is -0.04, 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. Sector

The P/E ratio of Edgio is -0.04, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for EGIO.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Edgio does not currently pay a dividend.

Dividend Growth

Edgio does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for EGIO.

News and Social Media

• Score: 0.0 / 5
• News Sentiment: N/A

Search Interest

Only 1 people have searched for EGIO on MarketBeat in the last 30 days. This is a decrease of -83% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Edgio insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $5,500.00 in company stock.

Percentage Held by Insiders

Only 2.60% of the stock of Edgio is held by insiders.

Percentage Held by Institutions

Only 23.16% of the stock of Edgio is held by institutions.

EGIO Stock Analysis - Frequently Asked Questions

How were Edgio's earnings last quarter?

Edgio, Inc. (NASDAQ:EGIO) released its earnings results on Wednesday, November, 15th. The company reported ($2.80) earnings per share for the quarter, hitting the consensus estimate of ($2.80). The company had revenue of $97.04 million for the quarter, compared to analysts' expectations of $96.44 million.

When did Edgio's stock split?

Shares of Edgio reverse split before market open 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 market closes 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 other stocks do shareholders of Edgio own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Edgio investors own include NVIDIA (NVDA), Arista Networks (ANET), Broadcom (AVGO), Meta Platforms (META), CrowdStrike (CRWD), Novo Nordisk A/S (NVO) and Palantir Technologies (PLTR).

Company Calendar

• Last Earnings: 11/15/2023
• Today: 10/31/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Business services, not elsewhere classified
• Sub-Industry: Business Services
• Current Symbol: NASDAQ:EGIO
• CUSIP: N/A
• CIK: 1391127
• Web: www.limelight.com
• Phone: (602) 850-5000
• Fax: 602-850-5001
• Employees: 550
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $10.00
• High Stock Price Target: $10.00
• Low Stock Price Target: $10.00
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: $403.59 million
• Price / Sales: 0.00
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $43.20 per share
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: 5,830,000
• Free Float: 5,678,000
• Market Cap: $6.47 million
• Optionable: Optionable
• Beta: 0.48