Edgio Completes Restatement of Previously Issued Financials and Files Annual Report on Form 10-K for Fiscal Year 2022

$EGIO
Business Services
Consumer Discretionary
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Recent Analyst Ratings for
$EGIO

DatePrice TargetRatingAnalyst
11/10/2022Outperform → Market Perform
Northland Capital
11/10/2022$5.75 → $2.50Outperform → Market Perform
Cowen
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$EGIO
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  • Edgio Releases Enhancements to Applications Platform Aimed at Accelerating Web Performance for Enterprises

     Edgio's improved application features streamline content delivery and improve insights to gauge user satisfaction Edgio, the platform of choice for security, speed and simplicity at the edge, today announced several new enhancements to its applications platform, designed to help companies deliver a high-performing web experience with ease. Updates to the company's Real User Monitoring (RUM) and low-code prefetching capabilities allow Edgio to redefine industry standards for web performance and user experience. Chrome usage data reveals that users spend 90% of their time on a site after it loads, making it crucial to carefully measure site responsiveness throughout the entire page lifecyc

    $EGIO
    Business Services
    Consumer Discretionary
  • Edgio Releases Security Platform Controls Aimed at Thwarting Automated Threats

    Edgio to launch three new features offering advanced protection and greater control for organizations facing emerging cybersecurity challenges Edgio, the platform of choice for security, speed and simplicity at the edge, today announced new security features aimed at giving customers robust controls to secure APIs and mitigate the risks of automated attacks. Edgio's API security solution is enhanced by the addition of JSON Web Token (JWT) authentication to secure customers' API endpoints, as well as significant improvements to its Advanced Rate Limiting solution to protect customers from evolving application DDoS threats. With the inclusion of JWT validation, Edgio customers can perform a

    $EGIO
    Business Services
    Consumer Discretionary
  • Edgio, Inc. Launches Strategic Financial Restructuring to Facilitate Sale and Strengthen Operations

    Enters into Stalking Horse Asset Purchase Agreement in Connection with Contemplated In-Court Sale Process Files Voluntary Petitions for Chapter 11 Relief to Effectuate a Transaction Committed to Continue Delivering with Excellence for Partners and Customers Edgio, Inc. (NASDAQ:EGIO) and certain of its affiliates (collectively, "Edgio" or the "Company"), the platform of choice for security, speed, and simplicity, today announced that it has voluntarily filed for chapter 11 relief (the "Chapter 11 Cases") in the United States Bankruptcy Court for the District of Delaware (the "Court") to effectuate one or more sale transactions that should allow for the continued operation of the Company's

    $EGIO
    Business Services
    Consumer Discretionary

$EGIO
Analyst Ratings

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$EGIO
Insider Trading

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SEC Filings

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$EGIO
Leadership Updates

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  • Edgio Promotes Todd Hinders to Chief Executive Officer

    Appointment of Hinders Marks a New Era for Edgio 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 position of CEO, effective immediately. Mr. Hinders has also joined the company's board of directors. Hinders takes over from Bob Lyons, who has resigned from his role as President and CEO and as a member of the board of directors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240102903210/en/Todd Hinders, Edgio CEO (Photo: Business Wire) Mr. Hinders has served as the company's Chief Revenue Officer since M

    $EGIO
    Business Services
    Consumer Discretionary
  • Edgio Announces New Board of Directors

    Reduces Board Size from Nine to Five Members and Appoints New Directors Strong Leadership and Governance Committed to Building Sustainable Shareholder Value 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 Directors. The now five-member Board includes three newly appointed, highly qualified directors: Ken Traub, Frank Verdecanna and Mio Babic. Ken Traub has also been named as Chairman of the Board. These additions enrich the Board with diverse global expertise in corporate governance, cybersecurity, digital media, and strategic growth. Simultaneously, seven existing

    $EGIO
    $PEGA
    $TDW
    Business Services
    Consumer Discretionary
    EDP Services
    Technology
  • Edgio Strengthens Global SOC and Security Leadership with Addition of Veteran Security Expert, Tom Gorup

    Appointment Reinforces Edgio's Commitment and Investment in its Security Managed Services, Incident Response, and Threat Intelligence Offerings Edgio, Inc. (NASDAQ:EGIO), the platform of choice for speed, security, and simplicity at the edge, today announced the appointment of Tom Gorup as its Vice President of Security Services. With 15 years of experience in the cybersecurity industry, Gorup will lead the company's security managed services and operations and will report directly to Edgio CTO and GM of Security and Applications, Ajay Kapur. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230808357256/en/Tom Gorup, VP of Secur

    $EGIO
    Business Services
    Consumer Discretionary

$EGIO
Financials

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  • Edgio, Inc. Adopts Tax Benefits Preservation Plan Designed to Protect the Availability of Its Tax Benefits

    Move preserves long-term stockholder value by adopting a rights plan intended to protect tax assets To be submitted for stockholder ratification at 2024 annual meeting of shareholders Edgio, Inc. (NASDAQ:EGIO) (the "Company"), today announced that its Board of Directors (the "Board") has adopted a Tax Benefits Preservation Plan (the "Tax Plan"). The Company has significant U.S. federal and state net operating loss carryforwards ("NOLs"). As of December 31, 2023 the Company has U.S. federal NOLs of approximately $300 million that can be used to offset taxable income. The Tax Plan is designed to protect the availability of the Company's U.S. federal and state NOLs and other tax attrib

    $EGIO
    Business Services
    Consumer Discretionary
  • Edgio Reports Third Quarter 2023 Results

    Q3 2023 Revenue of $97.0 Million Record Applications Bookings in 3Q 2023, Up More Than 150%, Sequentially Reiterate Expectation of Breakeven Adjusted EBITDA in 4Q 2023 Receives $66 Million and Exchanges 95% of its Existing 2025 Convertible Notes for New 2027 Convertible Notes Edgio to Host Third Quarter 2023 Earnings Call at 8am EST on Wednesday, November 15th 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 September 30, 2023. "Edgio delivered record bookings in the third quarter, reflecting the strength of our momentum and our commitment to pursuing our transfo

    $EGIO
    Business Services
    Consumer Discretionary
  • Edgio Announces Listing Transfer to Nasdaq Capital Market

    Transfer will be effective as of October 20, 2023 Company to report Third Quarter 2023 financial results by November 9, 2023 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 Listing Qualifications Department of the Nasdaq Stock Market ("Nasdaq") to transfer the listing of its shares from the Nasdaq Global Select Market to the Nasdaq Capital Market. This transfer is effective as of the opening of business on October 20, 2023. This announcement has no immediate effect on the listing or trading of the Company's common shares. The Company's shares will continue to trade

    $EGIO
    Business Services
    Consumer Discretionary

$EGIO
Large Ownership Changes

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