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DOW   37,983.24
QQQ   438.27
Israel hails 'success' in blocking Iran's unprecedented attack. Biden now seeks diplomatic response
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It's almost April 15. Here's how to reduce stress and get your taxes done
Can homeless people be fined for sleeping outside? A rural Oregon city asks the US Supreme Court
Olympic track uniforms spark online debate about who designed them and why they're so skimpy
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Israel hails 'success' in blocking Iran's unprecedented attack. Biden now seeks diplomatic response
Germany's Scholz arrives in China on a visit marked by trade tensions and Ukraine conflict
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
India's Modi vows to boost social spending, make country into a manufacturing hub ahead of election
It's almost April 15. Here's how to reduce stress and get your taxes done
Can homeless people be fined for sleeping outside? A rural Oregon city asks the US Supreme Court
Olympic track uniforms spark online debate about who designed them and why they're so skimpy
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Israel hails 'success' in blocking Iran's unprecedented attack. Biden now seeks diplomatic response
Germany's Scholz arrives in China on a visit marked by trade tensions and Ukraine conflict
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
India's Modi vows to boost social spending, make country into a manufacturing hub ahead of election
It's almost April 15. Here's how to reduce stress and get your taxes done
Can homeless people be fined for sleeping outside? A rural Oregon city asks the US Supreme Court
Olympic track uniforms spark online debate about who designed them and why they're so skimpy
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Israel hails 'success' in blocking Iran's unprecedented attack. Biden now seeks diplomatic response
Germany's Scholz arrives in China on a visit marked by trade tensions and Ukraine conflict
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
India's Modi vows to boost social spending, make country into a manufacturing hub ahead of election
It's almost April 15. Here's how to reduce stress and get your taxes done
Can homeless people be fined for sleeping outside? A rural Oregon city asks the US Supreme Court
Olympic track uniforms spark online debate about who designed them and why they're so skimpy
NASDAQ:EGIO

Edgio (EGIO) Stock Price, News & Analysis

$17.84
+0.56 (+3.24%)
(As of 04/12/2024 ET)
Today's Range
$15.69
$18.10
50-Day Range
$6.98
$17.84
52-Week Range
$6.67
$44.00
Volume
307,260 shs
Average Volume
128,646 shs
Market Capitalization
$104.01 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$45.00

Edgio MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
152.2% Upside
$45.00 Price Target
Short Interest
Bearish
8.44% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.42mentions of Edgio in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($10.73) to ($4.83) Per Share

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.

1.22 out of 5 stars

Computer And Technology Sector

515th out of 590 stocks

Business Services, Not Elsewhere Classified Industry

77th out of 89 stocks

EGIO stock logo

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.

EGIO Stock Price History

EGIO Stock News Headlines

Bitcoin Rockets To Record High But Buy THIS Instead
Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…
Edgio Receives Expected Notice from NASDAQ
EGIO Apr 2024 0.500 call
Edgio Preliminary Q4 Revenue Slips
Bitcoin Rockets To Record High But Buy THIS Instead
Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…
Edgio Announces Effectiveness of Reverse Stock Split
Edgio Inc.
Edgio Stock (NASDAQ:EGIO) Insider Trades
EGIO Mar 2024 2.500 put
EGIO Feb 2024 0.500 put
EGIO Feb 2024 2.000 put
Edgio Names Todd Hinders As CEO
Edgio Promotes Todd Hinders to Chief Executive Officer
See More Headlines
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Company Calendar

Last Earnings
11/15/2023
Today
4/14/2024
Next Earnings (Estimated)
8/20/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NASDAQ:EGIO
Employees
822
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$45.00
High Stock Price Target
$60.00
Low Stock Price Target
$30.00
Potential Upside/Downside
+152.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$-136,520,000.00
Pretax Margin
-35.31%

Debt

Sales & Book Value

Annual Sales
$403.59 million
Book Value
$43.20 per share

Miscellaneous

Free Float
5,678,000
Market Cap
$104.01 million
Optionable
Optionable
Beta
0.40
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Key Executives

  • Mr. Stephen Cumming (Age 54)
    Senior VP, CFO & Treasurer
    Comp: $566.12k
  • Mr. Richard P. Diegnan Jr. (Age 55)
    Senior VP, Chief Legal Officer & Secretary
    Comp: $334.86k
  • Mr. Todd A. Hinders (Age 53)
    CEO & Director
  • Mr. Eric Chang (Age 51)
    Chief Accounting Officer
  • Mr. Sameet Sinha
    Vice President of Investor Relations & Corporate Development
  • Ms. Ann-Lamar Tuten
    Chief Business Operations Officer
  • Mr. Ajay Kapur (Age 47)
    CTO & GM of Applications
    Comp: $1.66M
  • Mr. Darrin Reynolds
    Chief Information Security Officer
  • Mr. Eric Black
    CTO & GM of Media
  • Mr. Peter J. Perrone (Age 56)
    Consultant
    Comp: $451.63k

EGIO Stock Analysis - Frequently Asked Questions

Should I buy or sell Edgio stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Edgio in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" EGIO shares.
View EGIO analyst ratings
or view top-rated stocks.

What is Edgio's stock price target for 2024?

2 equities research analysts have issued 1 year price targets for Edgio's shares. Their EGIO share price targets range from $30.00 to $60.00. On average, they predict the company's share price to reach $45.00 in the next year. This suggests a possible upside of 152.2% 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 on January 1st, 2024. Since then, EGIO stock has increased by 30.2% and is now trading at $17.84.
View the best growth stocks for 2024 here
.

Are investors shorting Edgio?

Edgio saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 282,800 shares, an increase of 58.6% from the March 15th total of 178,300 shares. Based on an average daily trading volume, of 63,500 shares, the days-to-cover ratio is currently 4.5 days. Approximately 8.4% of the shares of the company are short sold.
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) posted its quarterly earnings data on Wednesday, November, 15th. The company reported ($2.80) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($2.80). The business earned $97.04 million during the quarter, compared to the consensus estimate of $96.44 million. Edgio had a negative trailing twelve-month return on equity of 45.85% and a negative net margin of 35.10%.

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 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 updated its fourth quarter 2023 earnings guidance on Friday, March, 15th. The company provided earnings per share 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.

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 4/14/2024 by MarketBeat.com Staff

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