Craig-Hallum analyst Jeff Van Rhee maintained a Hold rating on Edgio (EGIO – Research Report) today. The company’s shares closed last Friday at $0.81.
Van Rhee covers the Technology sector, focusing on stocks such as Rimini Street, Asure, and Ebix. According to TipRanks, Van Rhee has an average return of 24.1% and a 63.47% success rate on recommended stocks.
Currently, the analyst consensus on Edgio is a Moderate Buy with an average price target of $1.38.
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The company has a one-year high of $3.88 and a one-year low of $0.45. Currently, Edgio has an average volume of 1.57M.
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Limelight Networks, Inc. provides content delivery network services. It products include digital content & video delivery, cloud security, edge computing, origin storage & support services. The company’s solutions include realtime streaming, file distribution, live video & video on demand. Limelight was founded by Michael M. Gordon, Allan M. Kalpan, Nathan F. Raciborski and William H. Rinehart in June, 2001 and is headquartered in Tempe, AZ.
