Xunlei (NASDAQ:XNET) Issues Earnings Results

Key Points

• Xunlei reported earnings of $0.12 per share for the quarter, with a negative net margin of 0.97% and a return on equity of 5.39%.
• The company's stock price increased to $5.26 during trading, showing significant trading volume compared to its average.
• Wall Street Zen downgraded Xunlei's rating from "buy" to "hold" as of May 7th.

Xunlei (NASDAQ:XNET - Get Free Report) posted its quarterly earnings results on Thursday. The software maker reported $0.12 EPS for the quarter, Zacks reports. The business had revenue of $103.54 million during the quarter. Xunlei had a return on equity of 4.50% and a net margin of 202.62%. Xunlei updated its Q3 2025 guidance to EPS.

Xunlei Trading Down 10.2%

Shares of NASDAQ:XNET traded down $0.90 during midday trading on Tuesday, hitting $7.89. 4,224,280 shares of the stock were exchanged, compared to its average volume of 1,132,314. The stock has a market capitalization of $493.60 million, a price-to-earnings ratio of 0.69 and a beta of 0.88. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.60 and a current ratio of 2.10. The business's 50-day moving average price is $4.81 and its 200 day moving average price is $4.47. Xunlei has a 12 month low of $1.51 and a 12 month high of $8.80.

Institutional Trading of Xunlei

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Jane Street Group LLC grew its holdings in shares of Xunlei by 827.1% during the second quarter. Jane Street Group LLC now owns 88,917 shares of the software maker's stock worth $360,000 after purchasing an additional 101,146 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Xunlei during the second quarter worth about $219,000. Walleye Capital LLC bought a new stake in shares of Xunlei during the second quarter worth about $51,000. Finally, NewEdge Advisors LLC grew its holdings in shares of Xunlei by 9,106.5% during the first quarter. NewEdge Advisors LLC now owns 18,413 shares of the software maker's stock worth $83,000 after purchasing an additional 18,213 shares during the last quarter. 5.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Xunlei from a "hold" rating to a "buy" rating in a research note on Saturday.

Xunlei Company Profile

Xunlei Limited, together with its subsidiaries, operates an internet platform for digital media content in the People's Republic of China. Its platform is based on cloud technology that enables users to access, store, manage, and consume digital media content. The company offers Xunlei Accelerator, which enables users to accelerate digital transmission over the internet; mobile acceleration plug-in, which provides mobile device users with benefits of download speed acceleration and download success rate improvements; and subscription services that offer users premium services through Green Channel and Fast Bird products.