Craig-Hallum analyst Jeff Van Rhee maintained a Hold rating on Edgio (EGIO – Research Report) today. The company’s shares closed yesterday at $20.64.
According to TipRanks, Van Rhee is a 4-star analyst with an average return of 6.7% and a 44.65% success rate. Van Rhee covers the Technology sector, focusing on stocks such as Cellebrite DI, Liveperson, and Rimini Street.
Edgio has an analyst consensus of Hold, with a price target consensus of $7.00.
EGIO market cap is currently $120.9M and has a P/E ratio of -0.75.
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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.
