Edgio (EGIO) to Release Quarterly Earnings on Tuesday

Edgio (NASDAQ:EGIO) will be announcing its earnings results after the market closes on Tuesday, September 12th. Analysts expect the company to announce earnings of ($0.11) per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Edgio (NASDAQ:EGIO) last posted its earnings results on Tuesday, August 15th. The company reported ($0.12) EPS for the quarter. Edgio had a negative return on equity of 25.52% and a negative net margin of 34.60%. The company had revenue of $101.95 million during the quarter. On average, analysts expect Edgio to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Edgio Trading Down 1.5 %

NASDAQ:EGIO opened at $0.85 on Tuesday. The company has a 50-day moving average price of $0.75 and a 200-day moving average price of $0.74. Edgio has a 12 month low of $0.45 and a 12 month high of $3.62. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.65. The stock has a market cap of $189.52 million, a price-to-earnings ratio of -1.27 and a beta of 1.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD purchased a new position in shares of Edgio during the fourth quarter valued at approximately $26,000. MetLife Investment Management LLC purchased a new position in shares of Edgio during the fourth quarter valued at approximately $28,000. Savant Capital LLC purchased a new position in shares of Edgio during the fourth quarter valued at approximately $31,000. Algert Global LLC purchased a new position in shares of Edgio during the fourth quarter valued at approximately $33,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in shares of Edgio during the fourth quarter valued at approximately $39,000. Institutional investors own 23.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EGIO. DA Davidson reissued a “neutral” rating and set a $0.75 price target on shares of Edgio in a research report on Wednesday, August 16th. Lake Street Capital lowered their price target on shares of Edgio from $2.00 to $1.50 and set a “buy” rating for the company in a research report on Thursday, July 20th. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $2.38.

Edgio Company Profile

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.