Craig-Hallum analyst Jeff Van Rhee maintained a Hold rating on Edgio (EGIO – Research Report) today and set a price target of $1.00. The company’s shares closed yesterday at $0.79.
According to TipRanks, Van Rhee is a 5-star analyst with an average return of 16.2% and a 51.61% success rate. Van Rhee covers the Technology sector, focusing on stocks such as Asure, Rimini Street, and Ebix.
The word on The Street in general, suggests a Hold analyst consensus rating for Edgio with a $1.15 average price target, which is a 45.57% upside from current levels. In a report released today, D.A. Davidson also reiterated a Hold rating on the stock with a $0.85 price target.
See the top stocks recommended by analysts >>
Based on Edgio’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $95.77 million and a GAAP net loss of $35.65 million. In comparison, last year the company earned a revenue of $63.59 million and had a GAAP net loss of $20.6 million
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
Read More on EGIO:
