Edgio (EGIO – Research Report) received a Buy rating and a $1.00 price target from Lake Street analyst Eric Martinuzzi today. The company’s shares closed yesterday at $0.33.
Martinuzzi covers the Technology sector, focusing on stocks such as Par Technology, Edgio, and Asure. According to TipRanks, Martinuzzi has an average return of 4.1% and a 46.39% success rate on recommended stocks.
Currently, the analyst consensus on Edgio is a Moderate Buy with an average price target of $0.83.
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The company has a one-year high of $1.79 and a one-year low of $0.33. Currently, Edgio has an average volume of 907.3K.
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Edgio (EGIO) Company Description:
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.
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