Edgio (NASDAQ:EGIO – Get Rating) is scheduled to be announcing its earnings results on Friday, February 3rd. Edgio has set its Q4 2022 guidance at EPS.
Edgio (NASDAQ:EGIO – Get Rating) last released its quarterly earnings results on Wednesday, November 9th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.03). Edgio had a negative net margin of 27.17% and a negative return on equity of 16.61%. The company had revenue of $121.16 million during the quarter, compared to analyst estimates of $122.12 million. On average, analysts expect Edgio to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Get Edgio alerts:Edgio Price Performance
NASDAQ:EGIO traded up $0.18 during trading hours on Thursday, hitting $1.75. 1,027,382 shares of the stock were exchanged, compared to its average volume of 848,775. The firm's fifty day moving average price is $1.33 and its 200 day moving average price is $2.28. Edgio has a 52-week low of $0.79 and a 52-week high of $5.55. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.41. The company has a market cap of $387.78 million, a P/E ratio of -3.50 and a beta of 0.94.
Analyst Upgrades and Downgrades
A number of brokerages have commented on EGIO. Raymond James reduced their target price on shares of Edgio from $8.00 to $6.00 and set a "strong-buy" rating on the stock in a research note on Friday, November 11th. Cowen cut Edgio from an "outperform" rating to a "market perform" rating and decreased their price objective for the company from $5.75 to $2.50 in a report on Thursday, November 10th. Cowen downgraded Edgio from an "outperform" rating to a "market perform" rating and reduced their target price for the company from $5.75 to $2.50 in a research report on Thursday, November 10th. Craig Hallum lowered their price target on Edgio to $2.50 in a report on Tuesday, November 15th. Finally, Northland Securities lowered shares of Edgio from an "outperform" rating to a "market perform" rating in a report on Thursday, November 10th.Edgio Company Profile
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Edgio, Inc engages in the provision of content delivery network services. Its products include digital content and video delivery, cloud security, edge computing, origin storage and support services. The firm's solutions include realtime streaming, file distribution, live video and video on demand. The company was founded by Michael M.
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