Cowen downgraded Edgio from Outperform to Market Perform and set a new price target of $2.50 from $5.75 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/10/2022 | Outperform → Market Perform | Northland Capital | |
| 11/10/2022 | $5.75 → $2.50 | Outperform → Market Perform | Cowen |
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
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
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
8-K - Edgio, Inc. (0001391127) (Filer)
8-K - Edgio, Inc. (0001391127) (Filer)
8-K - Edgio, Inc. (0001391127) (Filer)
4 - Edgio, Inc. (0001391127) (Issuer)
3 - Edgio, Inc. (0001391127) (Issuer)
4 - Edgio, Inc. (0001391127) (Issuer)
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
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
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
SC 13D/A - Edgio, Inc. (0001391127) (Subject)
SC 13D/A - Edgio, Inc. (0001391127) (Subject)
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
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
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
Northland Capital downgraded Edgio from Outperform to Market Perform
Cowen downgraded Edgio from Outperform to Market Perform and set a new price target of $2.50 from $5.75 previously
Gainers VerifyMe (NASDAQ:VRME) shares moved upwards by 17.4% to $1.75 during Thursday's after-market session. The market value of their outstanding shares is at $17.8 million. Iveda Solutions (NASDAQ:IVDA) shares rose 8.77% to $0.73. The company's market cap stands at $11.7 million. As per the press release, Q1 earnings came out 3 days ago. Auddia (NASDAQ:AUUD) stock increased by 8.29% to $1.57. The company's market cap stands at $4.3 million. Abits Group (NASDAQ:ABTS) stock rose 5.0% to $0.7. The market value of their outstanding shares is at $24.7 million. Edgio (NASDAQ:EGIO) stock moved upwards by 4.94% to $9.77. The market value of their outstanding shares is at $57.2 million. Comm
Edgio, Inc. (NASDAQ:EGIO) (the "Company"), today announced that it received an expected notice (the "Notice") on May 16, 2024 from The Nasdaq Stock Market LLC ("Nasdaq") stating that the Company is not in compliance with the requirements for continued listing under Nasdaq Listing Rule 5250(c)(1) (the "Listing Rule") because the Company has not yet filed its Quarterly Report on Form 10-Q for the year ended March 31, 2024 (the "Quarterly Report") with the Securities and Exchange Commission (the "SEC"). The Notice has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq Capital Market.
Best known as a short seller and the founder of Citron Research, Andrew Left went short on GameStop Corporation (NYSE:GME) in 2021 and again in May 2024. While Left has made money shorting stocks, he often looks for opportunities of stocks that can grow and increase in share price. What Happened: Left took a break from writing short reports after the GameStop short squeeze of 2021 that he lost money on. "The rewards aren't there anymore,” Left told Benzinga in an interview. “There's so much against you." While Left still shares short ideas, he often shares the stocks that he sees as multi-baggers in his social media posts nowadays. On Thursday, Left shared three stocks he like