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NVDA   903.56 (+0.12%)
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CGC   8.63 (-9.63%)
GE   175.53 (-2.55%)
DIS   122.36 (+1.14%)
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QQQ   444.01 (-0.18%)
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MSFT   420.72 (-0.17%)
META   485.58 (-1.68%)
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NVDA   903.56 (+0.12%)
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AMD   180.49 (+0.50%)
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CGC   8.63 (-9.63%)
GE   175.53 (-2.55%)
DIS   122.36 (+1.14%)
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PYPL   66.99 (+0.63%)
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QQQ   444.01 (-0.18%)
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MSFT   420.72 (-0.17%)
META   485.58 (-1.68%)
GOOGL   150.93 (+0.04%)
AMZN   180.38 (+0.31%)
TSLA   175.79 (-2.25%)
NVDA   903.56 (+0.12%)
NIO   4.50 (-3.64%)
AMD   180.49 (+0.50%)
BABA   72.36 (+1.08%)
T   17.60 (+0.28%)
F   13.28 (+1.68%)
MU   117.89 (-1.14%)
CGC   8.63 (-9.63%)
GE   175.53 (-2.55%)
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NASDAQ:EGIO

Edgio (EGIO) Stock Price, News & Analysis

$9.67
+0.09 (+0.94%)
(As of 04:37 PM ET)
Today's Range
$9.63
$10.25
50-Day Range
$6.98
$12.48
52-Week Range
$6.67
$44.00
Volume
22,456 shs
Average Volume
55,239 shs
Market Capitalization
$56.38 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
346.9% Upside
$45.00 Price Target
Short Interest
Bearish
5.31% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.63mentions of Edgio in the last 14 days
Based on 2 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.

1.61 out of 5 stars

Computer And Technology Sector

426th out of 587 stocks

Business Services, Not Elsewhere Classified Industry

67th out of 90 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

EGIO Apr 2024 0.500 call
Edgio Preliminary Q4 Revenue Slips
Major Elon Musk Crypto Leak Revealed
Reports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market. Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account." Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.
Edgio Announces Effectiveness of Reverse Stock Split
Altcoin FRENZY Alert…
Bitcoin recently crossed the highest price in its 15-year history… Less than 2 years after one of the most vicious crypto market meltdowns we've ever seen! Bitcoin's BOOM also sent shockwaves through the altcoin market, with select coins seeing HUGE moves in a matter of days… Like Fetch.ai, that gained over 350% in just the last 30 days…
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
Edgio Announces Availability of CMCD Reports
See More Headlines
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Company Calendar

Last Earnings
11/15/2023
Today
3/28/2024
Next Earnings (Estimated)
7/17/2024
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
+346.9%
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
$338.60 million
Book Value
$43.20 per share

Miscellaneous

Free Float
5,678,000
Market Cap
$58.71 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 twelve months. 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 brokers have issued 1 year target prices for Edgio's stock. Their EGIO share price targets range from $30.00 to $60.00. On average, they anticipate the company's share price to reach $45.00 in the next twelve months. This suggests a possible upside of 346.9% 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 on January 1st, 2024. Since then, EGIO shares have decreased by 26.5% and is now trading at $10.07.
View the best growth stocks for 2024 here
.

Are investors shorting Edgio?

Edgio saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 178,300 shares, an increase of 97.7% from the February 29th total of 90,200 shares. Based on an average daily volume of 54,900 shares, the short-interest ratio is currently 3.2 days. Currently, 5.3% of the shares of the company 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 Wednesday, July 17th 2024.
View our EGIO earnings forecast
.

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. 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 the morning of 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 earnings per share (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 number of institutional and retail investors. Top institutional shareholders include Pinnacle Associates Ltd. (1.76%), Gabelli Funds LLC (0.35%), UBS Group AG (0.23%), Dimensional Fund Advisors LP (0.19%), Raymond James & Associates (0.18%) and BNP Paribas Financial Markets (0.18%).

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 3/28/2024 by MarketBeat.com Staff

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