Xunlei (NASDAQ:XNET) Releases Earnings Results

Share on StockTwits

Xunlei (NASDAQ:XNET) released its quarterly earnings results on Wednesday. The software maker reported ($0.03) earnings per share for the quarter, Morningstar.com reports. The firm had revenue of $47.65 million during the quarter. Xunlei had a negative return on equity of 15.42% and a negative net margin of 28.88%. Xunlei updated its Q3 2019 guidance to EPS.

NASDAQ:XNET traded down $0.12 during trading hours on Thursday, reaching $2.53. 824,336 shares of the company traded hands, compared to its average volume of 189,033. The firm’s 50-day simple moving average is $2.37. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.20 and a current ratio of 3.34. Xunlei has a 1-year low of $1.87 and a 1-year high of $10.21.

A number of large investors have recently made changes to their positions in XNET. Stevens Capital Management LP acquired a new stake in Xunlei during the 1st quarter valued at $39,000. Jane Street Group LLC grew its holdings in Xunlei by 111.3% during the 2nd quarter. Jane Street Group LLC now owns 26,124 shares of the software maker’s stock valued at $68,000 after buying an additional 13,762 shares during the last quarter. Geode Capital Management LLC grew its holdings in Xunlei by 42.7% during the 4th quarter. Geode Capital Management LLC now owns 27,553 shares of the software maker’s stock valued at $93,000 after buying an additional 8,244 shares during the last quarter. D. E. Shaw & Co. Inc. acquired a new stake in Xunlei during the 4th quarter valued at $98,000. Finally, SG Americas Securities LLC acquired a new stake in Xunlei during the 1st quarter valued at $212,000. Hedge funds and other institutional investors own 11.28% of the company’s stock.

Separately, ValuEngine upgraded Xunlei from a “hold” rating to a “buy” rating in a report on Thursday, August 1st.

About Xunlei

Xunlei Limited, a cloud-based acceleration technology company, operates an Internet platform for digital media content in the People's Republic of China. The company's platform is based on cloud computing that enables users to access, manage, and consume digital media content. It offers Xunlei Accelerator, which enables users to accelerate digital transmission over the Internet; and cloud acceleration subscription services that offer users premium services through various products, such as Green Channel and Offline Accelerator.

See Also: Short Selling Stocks and Day Traders

Earnings History for Xunlei (NASDAQ:XNET)

Receive News & Ratings for Xunlei Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xunlei and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.