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 target prices for Edgio's stock. Their EGIO share price targets range from $30.00 to $60.00. On average, they expect the company's stock price to reach $45.00 in the next year. This suggests a possible upside of 240.9% 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 stock has decreased by 3.6% and is now trading at $13.20. View the best growth stocks for 2024 here .

Are investors shorting Edgio?

Edgio saw a increase in short interest in 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 volume of 63,500 shares, the short-interest ratio is presently 4.5 days. Currently, 8.4% of the company's stock 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) issued its quarterly earnings data on Wednesday, November, 15th. The company reported ($2.80) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($2.80). The business earned $97.04 million during the quarter, compared to analyst estimates 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?

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 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 .

NASDAQ:EGIO

Edgio (EGIO) Stock Price, News & Analysis

→ This company has increased its dividend every year for 54 years (From DTI) (Ad)

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$13.20

-2.75 (-17.24%)

(As of 04/17/2024 ET)

Compare

Today's Range: $13.11
▼
$16.67
50-Day Range: $6.98
▼
$20.64
52-Week Range: $6.67
▼
$44.00

Volume: 273,453 shs
Average Volume: 92,097 shs
Market Capitalization: $76.96 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $45.00

Get Edgio alerts:

Edgio MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 240.9% Upside
$45.00 Price Target
Short Interest: Bearish
8.44% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.21
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.

1.15 out of 5 stars

Computer And Technology Sector

514th out of 592 stocks

Business Services, Not Elsewhere Classified Industry

74th out of 85 stocks

3.3

Analyst's Opinion

Consensus Rating
Edgio has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Edgio has received no research coverage in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
8.44% of the float of Edgio has been sold short.
Short Interest Ratio / Days to Cover
Edgio has a short interest ratio ("days to cover") of 4.5.
Change versus previous month
Short interest in Edgio has recently increased by 58.61%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Edgio does not currently pay a dividend.
Dividend Growth
Edgio does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for EGIO.

2.3

News and Social Media Coverage

News Sentiment
Edgio has a news sentiment score of 0.21. 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 lower news sentiment than the 0.45 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Edgio this week, compared to 1 article on an average week.
Search Interest
Only 8 people have searched for EGIO on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.
MarketBeat Follows
8 people have added Edgio to their MarketBeat watchlist in the last 30 days. This is an increase of 167% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Edgio insiders have not sold or bought any 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.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Edgio are expected to grow in the coming year, from ($10.73) to ($4.83) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Edgio is -0.52, 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 -0.52, 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 Ratio
Edgio has a P/B Ratio of 0.31. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

EGIO Stock News Headlines

April 11, 2024 | businesswire.com

EverPass selects Edgio to Elevate Streaming Delivery to Commercial Establishments

April 10, 2024 | businesswire.com

Edgio Enables Broader FAST Outreach with Brazil Broadcaster

April 18, 2024 | Priority Gold (Ad)

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April 5, 2024 | businesswire.com

Edgio Receives Expected Notice from NASDAQ

March 17, 2024 | finance.yahoo.com

EGIO Apr 2024 0.500 call

March 15, 2024 | markets.businessinsider.com

Edgio Preliminary Q4 Revenue Slips

March 15, 2024 | finance.yahoo.com

Edgio Announces Preliminary Unaudited Fourth Quarter 2023 Financial Results

March 11, 2024 | finance.yahoo.com

ReachTV Chooses Edgio to Help Deliver and Monetize Streaming Content to Airports Across North America

April 18, 2024 | Priority Gold (Ad)

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March 1, 2024 | markets.businessinsider.com

Analysts Offer Insights on Technology Companies: Edgio (EGIO), Elastic (ESTC) and ACI Worldwide (ACIW)

February 29, 2024 | investing.com

Edgio announces 1-for-40 reverse stock split effective March 1

February 27, 2024 | businesswire.com

Edgio Announces Effectiveness of Reverse Stock Split

February 22, 2024 | thestreet.com

Edgio Inc.

February 22, 2024 | finance.yahoo.com

Web Application Attacks Intensify in Fourth Quarter of 2023, According to New Edgio Quarterly Attack Trends Report

February 22, 2024 | businesswire.com

Web Application Attacks Intensify in Fourth Quarter of 2023, According to New Edgio Quarterly Attack Trends Report

February 21, 2024 | benzinga.com

Edgio Stock (NASDAQ:EGIO) Insider Trades

February 21, 2024 | benzinga.com

Edgio Stock (NASDAQ:EGIO) Dividends: History, Yield and Dates

February 17, 2024 | finance.yahoo.com

EGIO Mar 2024 2.500 put

February 15, 2024 | finance.yahoo.com

EGIO Feb 2024 0.500 put

February 14, 2024 | finance.yahoo.com

EGIO Feb 2024 2.000 put

February 7, 2024 | stockhouse.com

Edgio Partners with KPS to Support Online Retailers with Their Transition to Composable Web Architecture

January 15, 2024 | finance.yahoo.com

After Plunging -41.57% in 4 Weeks, Here's Why the Trend Might Reverse for Edgio (EGIO)

January 2, 2024 | markets.businessinsider.com

Edgio Names Todd Hinders As CEO

January 2, 2024 | finance.yahoo.com

Edgio Promotes Todd Hinders to Chief Executive Officer

December 22, 2023 | markets.businessinsider.com

Analysts Are Bullish on These Technology Stocks: Edgio (EGIO), Fiserv (FI)

December 8, 2023 | finance.yahoo.com

Edgio Inc. Announces Inducement Grant Under Nasdaq Listing Rule 5635(C)(4)

December 6, 2023 | finanznachrichten.de

Edgio, Inc.: Edgio's Group Vice President of EMEA, Emma Whitmore, to Join the Digital TV Group (DTG) Council

See More Headlines

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Company Calendar

Last Earnings: 11/15/2023
Today: 4/17/2024
Next Earnings (Estimated): 8/20/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Business services, not elsewhere classified
Sub-Industry: N/A
Current Symbol: NASDAQ:EGIO
CUSIP: N/A
CIK: 1391127
Web: www.limelight.com
Phone: (602) 850-5000
Fax: 602-850-5001
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: +240.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($25.60)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net 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 Ratio: 0.89
Current Ratio: 0.85
Quick Ratio: 0.85

Sales & Book Value

Annual Sales: $338.60 million
Price / Sales: 0.23
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $43.20 per share
Price / Book: 0.31

Miscellaneous

Outstanding Shares: 5,830,000
Free Float: 5,678,000
Market Cap: $76.96 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

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

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 target prices for Edgio's stock. Their EGIO share price targets range from $30.00 to $60.00. On average, they expect the company's stock price to reach $45.00 in the next year. This suggests a possible upside of 240.9% 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 stock has decreased by 3.6% and is now trading at $13.20.
View the best growth stocks for 2024 here.
Are investors shorting Edgio?: Edgio saw a increase in short interest in 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 volume of 63,500 shares, the short-interest ratio is presently 4.5 days. Currently, 8.4% of the company's stock 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) issued its quarterly earnings data on Wednesday, November, 15th. The company reported ($2.80) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($2.80). The business earned $97.04 million during the quarter, compared to analyst estimates 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?: 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 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 4/18/2024 by MarketBeat.com Staff

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