Edgio, Inc. (EGIO)

NASDAQ: EGIO · IEX Real-Time Price · USD
17.84
+0.56 (3.24%)
At close: Apr 12, 2024, 4:00 PM
18.25
+0.41 (2.30%)
After-hours: Apr 12, 2024, 7:56 PM EDT
3.24%
Market Cap 4.18B
Revenue (ttm) 379.92M
Net Income (ttm) -153.43M
Shares Out 234.21M
EPS (ttm) -28.80
PE Ratio n/a
Forward PE 59.88
Dividend n/a
Ex-Dividend Date n/a
Volume 305,246
Open 16.51
Previous Close 17.28
Day's Range 15.69 - 18.10
52-Week Range 6.67 - 44.00
Beta 0.42
Analysts Buy
Price Target 33.50 (+87.78%)
Earnings Date Nov 14, 2023

About EGIO

Edgio, Inc. provides edge-enabled software solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates private global networks with distributed computing resources and extensive connectivity to last-mile broadband network providers; offers live and on-demand video delivery services; and provides platform, media, and application solutions. It also offers cloud security, edge compute, origin storage, and support services. In addition, the company provides content delivery, video content management, and s... [Read more]

Sector Technology
IPO Date Jun 8, 2007
Employees 822
Stock Exchange NASDAQ
Ticker Symbol EGIO
Full Company Profile

Financial Performance

In 2022, Edgio's revenue was $338.60 million, an increase of 68.36% compared to the previous year's $201.12 million. Losses were -$136.52 million, 123.2% more than in 2021.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for EGIO stock is "Buy." The 12-month stock price forecast is $33.5, which is an increase of 87.78% from the latest price.

Price Target
$33.5
(87.78% upside)
Analyst Consensus: Buy
Stock Forecasts

News

EverPass selects Edgio to Elevate Streaming Delivery to Commercial Establishments

PHOENIX--(BUSINESS WIRE)--Edgio, a leading platform renowned for its exceptional performance in speed, security, and simplicity, is pleased to announce a significant multiyear agreement with EverPass ...

2 days ago - Business Wire

Edgio Enables Broader FAST Outreach with Brazil Broadcaster

PHOENIX--(BUSINESS WIRE)--Edgio is pleased to announce its collaboration with the Brazilian powerhouse BandNews TV through its Newco Pay TV. This partnership will expand the FAST channel outreach in t...

3 days ago - Business Wire

Edgio Receives Expected Notice from NASDAQ

PHOENIX--(BUSINESS WIRE)--Edgio, Inc. (Nasdaq: EGIO) (the “Company”), today announced that it received an expected notice (the “Notice”) on April 4, 2024 from The Nasdaq Stock Market LLC (“Nasdaq”) st...

8 days ago - Business Wire

Edgio Announces Preliminary Unaudited Fourth Quarter 2023 Financial Results

PHOENIX--(BUSINESS WIRE)--Edgio, Inc. (Nasdaq: EGIO) (the “Company”), today announced unaudited financial results for the three months ended December 31, 2023. Todd Hinders, CEO, said, “Customer focus...

4 weeks ago - Business Wire

ReachTV Chooses Edgio to Help Deliver and Monetize Streaming Content to Airports Across North America

PHOENIX--(BUSINESS WIRE)--Edgio, the platform of choice for speed, security, and simplicity at the edge, today announced that leading airport television network, ReachTV, has selected the company as t...

4 weeks ago - Business Wire

Edgio Announces Effectiveness of Reverse Stock Split

PHOENIX--(BUSINESS WIRE)--Edgio, Inc. (NASDAQ: EGIO) (the “Company”), the platform of choice for speed, scale, security, and simplicity at the edge, today announced that, on March 1, 2024, the Company...

6 weeks ago - Business Wire

Web Application Attacks Intensify in Fourth Quarter of 2023, According to New Edgio Quarterly Attack Trends Report

PHOENIX--(BUSINESS WIRE)--Edgio (NASDAQ: EGIO), the platform of choice for speed, security, and simplicity at the edge, found that web application attacks continued to increase and evolve in the fourt...

7 weeks ago - Business Wire

Edgio Partners with KPS to Support Online Retailers with Their Transition to Composable Web Architecture

PHOENIX & LONDON--(BUSINESS WIRE)--Edgio, the platform of choice for speed, security, and simplicity at the edge, today announced a partnership with KPS, the leading partner for customer-centric busin...

2 months ago - Business Wire

Edgio Inc. Announces Inducement Grant Under Nasdaq Listing Rule 5635(C)(4)

PHOENIX--(BUSINESS WIRE)--Edgio, Inc. (Nasdaq: EGIO) (“Edgio” or the “Company”), the platform of choice for speed, security, and simplicity at the edge, today announced that it has issued equity-based...

2 months ago - Business Wire

Edgio Names BDO as Independent Auditor

PHOENIX--(BUSINESS WIRE)--Edgio, Inc. (NASDAQ: EGIO), the platform of choice for speed, security, and simplicity at the edge, today announced that its board of directors has appointed BDO USA, P.C. as...

2 months ago - Business Wire

Edgio Promotes Todd Hinders to Chief Executive Officer

PHOENIX--(BUSINESS WIRE)--Edgio, Inc. (NASDAQ: EGIO) (the “Company”), the platform of choice for speed, security, and simplicity at the edge, today announced that Todd Hinders has been promoted to the...

3 months ago - Business Wire

SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Announces Shareholder Investigation of Edgio, Inc. (NASDAQ: EGIO)

NEW YORK , Jan. 2, 2024 /PRNewswire/ -- Purcell & Lefkowitz LLP announces that it is investigating Edgio, Inc. (NASDAQ: EGIO) on behalf of the company's shareholders. The investigation seeks to determ...

3 months ago - PRNewsWire

CORRECTING and REPLACING Edgio Inc. Announces Inducement Grant Under Nasdaq Listing Rule 5635(C)(4)

PHOENIX--(BUSINESS WIRE)--Please replace the release dated December 8, 2023, with the following corrected version due to revisions. The updated release reads: EDGIO INC. ANNOUNCES INDUCEMENT GRANT UND...

4 months ago - Business Wire

Secure Medical Chooses Edgio for Fast, Secure Delivery of Telehealth Services

PHOENIX--(BUSINESS WIRE)--Edgio, the platform of choice for speed, security, and simplicity at the edge, today announced that Secure Medical, a leading telehealth provider and parent company of eDrugs...

4 months ago - Business Wire

Edgio's Group Vice President of EMEA, Emma Whitmore, to Join the Digital TV Group (DTG) Council

PHOENIX, Ariz.--(BUSINESS WIRE)--Edgio, Inc. (Nasdaq: EGIO), the platform of choice for speed, security, and simplicity at the edge, today announced that Emma Whitmore, Group Vice President (GVP) of E...

4 months ago - Business Wire

Edgio Announces New Board of Directors

PHOENIX--(BUSINESS WIRE)--Edgio, Inc. (NASDAQ: EGIO) (the “Company”), the platform of choice for speed, security, and simplicity at the edge, today announced that it has reconstituted its Board of Dir...

4 months ago - Business Wire

Edgio Announces Availability of CMCD Reports

PHOENIX--(BUSINESS WIRE)--Edgio, the platform of choice for speed, security, and simplicity at the edge, today announced the availability of Common Media Client Data (CMCD) reports for its Delivery cl...

4 months ago - Business Wire

Top 3 Tech Stocks Which Could Rescue Your Portfolio This Month - Cisco Systems (NASDAQ:CSCO), ReAlpha Tech Corp (NASDAQ:AIRE)

The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.

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5 months ago - Benzinga

Orienteed to Integrate Edgio into its Operation Platform to Enhance Commerce Stack Composable Capabilities

PHOENIX & CORUŇA GALICIA, Spain--(BUSINESS WIRE)--Orienteed a leading ecommerce development company specializing in scalable digital commerce solutions, today announced a partnership with Edgio, Inc. ...

5 months ago - Business Wire

Edgio Reports Third Quarter 2023 Results

PHOENIX--(BUSINESS WIRE)--Edgio, Inc. (Nasdaq: EGIO) (Edgio), the platform of choice for speed, security and simplicity at the edge, today reported financial results for the third quarter ended Septem...

5 months ago - Business Wire

Edgio, Inc. Announces New Capital Infusion to Drive Growth Strategies

PHOENIX--(BUSINESS WIRE)--Edgio, Inc. (NASDAQ: EGIO) (the “Company”), the platform of choice for speed, security, and simplicity at the edge, today announced that existing investor, Lynrock Lake Maste...

5 months ago - Business Wire

Edgio Partners with Wurl to Introduce FAST Syndication for Channels and Platforms

PHOENIX--(BUSINESS WIRE)--Edgio, the platform of choice for speed, security, and simplicity at the edge, today announced a partnership with Wurl, the leader in data-driven solutions for Connected TV (...

5 months ago - Business Wire

Edgio Announces Listing Transfer to Nasdaq Capital Market

PHOENIX--(BUSINESS WIRE)--Edgio, Inc. (NASDAQ: EGIO) (the “Company”), the platform of choice for speed, security, and simplicity at the edge, today announced that it has received approval from the Lis...

6 months ago - Business Wire

Edgio Introduces Enterprise Protect and Perform Bundles to Secure and Accelerate Applications with Predictable Cost

PHOENIX--(BUSINESS WIRE)--Edgio (NASDAQ:EGIO), the platform of choice for speed, security, and simplicity at the edge, today announced the availability of its enterprise-level Protect and Perform Appl...

6 months ago - Business Wire

Edgio Wins “Overall Web Security Solution of The Year” in 7th Annual CyberSecurity Breakthrough Awards Program

PHOENIX--(BUSINESS WIRE)--Edgio, Inc. (Nasdaq: EGIO), the platform of choice for speed, security, and simplicity at the edge, today announced that its Edgio Web Application and API protection (WAAP) s...

6 months ago - Business Wire