| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/10/2022 | Outperform → Market Perform | Northland Capital | |
| 11/10/2022 | $5.75 → $2.50 | Outperform → Market Perform | Cowen |
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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
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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
With 10-Q filed, Company regains compliance with applicable Nasdaq Listing Rules Q2 2023 revenue of $95.8 million, 51% year over year growth Applications bookings QTD in 3Q 2023 already ahead of 2Q 2023 levels and more than double from 1Q 2023 bookings YTD 2023 Capital expenditure, net of payments from ISPs, was $2.6 million or 1.3% of revenue Edgio, Inc. (NASDAQ:EGIO) (Edgio), the platform of choice to power unmatched speed, security and simplicity at the edge, today reported financial results for the second quarter ended June 30, 2023 along with the filing of its Quarterly Report on Form 10-Q for the period ended June 30, 2023. With this filing, the Company is now compliant with t
The Company expects to file its Quarterly Report on Form 10-Q for the second quarter 2023 on September 12, 2023, regaining compliance with the applicable Nasdaq Listing Rules Edgio, Inc. (NASDAQ:EGIO) (the "Company" or "Edgio"), the platform of choice for speed, security, and simplicity at the edge, today announced it will report financial results for the quarter ended June 30, 2023 on Tuesday, September 12, 2023, at 4:00 p.m. EDT (1:00 p.m. PDT). The Company expects to file its Quarterly Report on Form 10-Q for the period ended June 30, 2023 (The Form 10-Q), at the same time, which will make it fully compliant with the requirements for continued listing under Nasdaq Listing Rule 5250(c
Q1 2023 revenue of $101.9 million, 84% year over year growth Applications bookings QTD in 3Q 2023 already ahead of 2Q 2023 levels and up more than 90% from 1Q 2023 bookings On target to achieve $85-$90 million of run rate savings by YE23 Capital expenditure, net of payments from ISPs, was $3.6 million or 3.6% of revenue Edgio, Inc. (NASDAQ:EGIO) (Edgio), the platform of choice to power unmatched speed, security and simplicity at the edge, today reported financial results for the first quarter ended March 31, 2023 along with the filing of its Quarterly Report on Form 10-Q for the period ended March 31, 2023. The company expects to file its Quarterly Report on Form 10-Q for the period
Q4 2022 revenue of $108.8 million, 90% year over year growth Applications pipeline increase of approximately 80% for 2023, to date $85-$90 million of run rate savings expected by YE23, forecasted higher by YE24 Capital expenditure, net of payments from ISPs, was $4.5 million or 4% of revenue Edgio, Inc. (NASDAQ:EGIO), the platform of choice to power unmatched speed, security and simplicity at the edge, today reported financial results for the fourth quarter ended December 31, 2022. The company expects to file its Quarterly Reports on Form 10-Q for the period ending March 31, 2023, in August, and for the period ending June 30, 2023, shortly thereafter. "With the restatement behind
Company to Hold Business Update Call on July 19, 2023 Company to File Form 10-Qs for Q1 and Q2 of 2023 in August 2023 Edgio, Inc. (NASDAQ:EGIO), the platform of choice for speed, security, and simplicity at the edge, today announced that it has filed its Annual Report on Form 10-K with the Securities and Exchange Commission for the year ended December 31, 2022 (the "2022 Annual Report"). The 2022 Annual Report includes the restatement of the Company's previously issued financial statements in its Annual Reports on Form 10-K for the years ended December 31, 2021 and 2020, as well as the previously filed Quarterly Reports on Form 10-Q for the quarterly periods ended March 31, 2022 and 20
Company Expects to File by Early July with Quarterly Reports for the Period Ended March 31, 2023, and June 30, 2023, Expected to Follow in August Edgio, Inc. (NASDAQ:EGIO) (the "Company"), today announced that it is progressing with the restatement of the Company's previously issued financial statements in its Annual Reports on Form 10-K for the years ended December 31, 2021 and 2020, as well as the previously filed Quarterly Reports on Form 10-Q for the quarterly periods ended March 31, 2022 and 2021, June 30, 2022 and 2021 and September 30, 2022 and 2021, due to an error in accounting for the Company's Open Edge solution, and currently expects to file its Annual Report on Form 10-K for
Third quarter revenue of $121.2 million, up 119% year over year GAAP Gross margin of 30.5%, increased 180 basis points year over year Record Applications bookings with momentum continuing into 4Q22 Pipeline growth of 75% since the beginning of the year Capital expenditure of $2.2 million or 1.8% of revenue, a six-year low Edgio, Inc. (NASDAQ:EGIO), the platform of choice to power unmatched speed, security and simplicity at the edge, today reported financial results for the third quarter ended September 30, 2022. "Across the organization, we are realizing the benefits of the transformational Edgecast acquisition. We had the first-ever eight figure TCV win in Applications solutions and
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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
Former AWS Elemental Executive Tapped to Spearhead Global Growth Edgio, Inc. (NASDAQ:EGIO), the platform of choice for speed, security, and simplicity at the edge, today announced the appointment of Todd Hinders as its Chief Revenue Officer. With more than 20 years of experience in the technology industry, Hinders will lead the company's revenue strategy and execution, overseeing sales for both Edgio's Media and Applications groups as well as the company's channel sales and solutions engineering. He will report directly to Edgio CEO Bob Lyons. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230510005517/en/Todd Hinders, Edgio C
20+ Year Veteran of Digital Video and Live Event Streaming with NBC Universal to Spearhead Growth of Edgio's World-Class Streaming Offering Edgio, Inc. (NASDAQ:EGIO), the platform of choice for speed, security and simplicity at the edge, today announced it has appointed Eric Black as CTO/General Manager, Media. Having been at the forefront of digital video and live event streaming with NBC Universal for more than twenty years, Black joins Edgio to lead the company's growth in delivering the highest quality linear, live and on-demand video experiences, to every device worldwide. Prior to joining Edgio, Black led NBC Universal's media technology strategy across a host of digital properties
Company expands leadership depth with strategic scaled operations and marketing additions Edgio, Inc. (NASDAQ:EGIO), the platform of choice to power unmatched speed, security and simplicity at the edge, today announced the appointment of new board members. Joining the Edgio Board of Directors are Dianne Ledingham, Reed Rayman and E-Fei Wang to support the company's ongoing strategic planning, positioning and governance. "We continue to strengthen the company's strategic and operational leadership with these new board appointments," said Bob Lyons, Edgio CEO. "This is a meaningful step toward reshaping Edgio's Board of Directors to add the capabilities required to support an innovative gro
Edgio, Inc. (NASDAQ:EGIO), the platform of choice to power unmatched speed, security and simplicity at the edge, today announced the appointment of Stephen Cumming as chief financial officer and Rich Diegnan as chief legal officer. "We are excited to have Stephen and Rich join us. Their proven operational and strategic leadership will help us continue building positive momentum," said Bob Lyons, Edgio CEO. Stephen Cumming joins Edgio from network infrastructure company, Cambium Networks, where he was the CFO and took the company public in 2019. Before Cambium, Stephen was the CFO at privately-held SaaS company, Kenandy, which was successfully sold to Rootstock. Prior to that, Stephen held
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
Edgio, Inc. (NASDAQ:EGIO) (the "Company"), today announced that it received an expected notice (the "Notice") on August 21, 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 quarter ended June 30, 2024 (the "Q2 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. The Company previously reported in its Notification of Late Fi
Edgio becomes world's first MAUD (Multicast-Assisted Unicast Delivery) enabled CDN (Content Delivery Network) Benefits include a dedicated delivery for live TV over the internet, reduced costs, higher quality of content, seamless scalability and greener streaming The collaboration showcases the benefits of MAUD to CDN operators and content providers BT Group announces that it will collaborate with Edgio, as their first partner, to integrate their CDN into its MAUD technology solution. They plan to trial delivery of EE TV content on some set-top-boxes in the live network, in the coming months. Unveiling MAUD in December 2023, this collaboration takes the technology from proof of co
Edgio's extensive development pipeline and cadence solidifies the company's position in the Leaders circle Edgio, the platform of choice for security, speed and simplicity at the edge, today announced its recognition as a Leader and Outperformer in the GigaOm Platform Radar 2024 Report. The report examines and compares the offerings and capabilities of edge development platforms to help decision makers make informed investment decisions with a focus on compute capabilities and developer experience. In this report, Edgio was evaluated on its performance, compute and security offering, which make up its Applications solution. Additionally, it received exceptional remarks for its developme
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
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. The Company previously reported in its Notification of Late Filing on
Edgio is pleased to announce that Vercara, a leading provider of cloud-based services, has chosen to partner with Edgio for their expertise in securing and accelerating web applications. Offered by Vercara under the brand name UltraEdge™, this solution will tap into Edgio's new enterprise-level Protect and Perform Applications Bundles, a solution that combines Tier-1 web performance capabilities with an easy-to-use modern Content Delivery Network (CDN) and a full-spectrum web security suite with the comprehensive Web Application and API Protection (WAAP) – all in a single, comprehensive package that includes predictable pricing and no attack-based fees. "Speed, security and simplicity a
Edgio Wins Web Application Security Award In 12th Annual Global InfoSec Awards at #RSAC 2024 Edgio is proud to announce it has received the Web Application Security award from Cyber Defense Magazine (CDM), the industry's leading electronic information security magazine. According to Verizon's Data Breach Investigation Report (DBIR), over 60% of data breaches were attributed to web applications, underscoring the urgent need for organizations to continuously manage threat exposure across their web applications and throughout the entire DevSecOps lifecycle. Committed to addressing the complex and evolving needs of organizations, Edgio continues to innovate and expand its services with it
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
Gainers NextNav (NASDAQ:NN) stock increased by 4.9% to $7.85 during Wednesday's after-market session. The market value of their outstanding shares is at $947.4 million. Edgio (NASDAQ:EGIO) stock increased by 4.93% to $10.0. The market value of their outstanding shares is at $58.5 million. Cisco Systems (NASDAQ:CSCO) stock moved upwards by 4.87% to $52.09. The company's market cap stands at $210.9 billion. As per the press release, Q3 earnings came out today. Intrusion (NASDAQ:INTZ) stock rose 4.73% to $1.99. The company's market cap stands at $6.9 million. As per the press release, Q1 earnings came out yesterday. CISO Global (NASDAQ:CISO) shares increased by 4.08% to $0.88. The market v
Gainers Perficient (NASDAQ:PRFT) stock increased by 52.9% to $73.55 during Monday's pre-market session. The market value of their outstanding shares is at $2.5 billion. As per the press release, Q1 earnings came out today. Strong Global (AMEX:SGE) stock increased by 51.74% to $1.73. The market value of their outstanding shares is at $13.6 million. Mawson Infra Gr (NASDAQ:MIGI) shares increased by 13.17% to $1.46. The company's market cap stands at $24.3 million. Edgio (NASDAQ:EGIO) stock moved upwards by 10.0% to $9.9. The company's market cap stands at $57.9 million. Signing Day Sports (AMEX:SGN) stock moved upwards by 9.67% to $0.34. The company's market cap stands at $4.5 million. A
Edgio, a global leader in streaming media technology, today announced that Tabletop Tactics has selected the company to manage their end-to-end video workflows, content delivery and reporting analytics in a single integrated solution.
Craig-Hallum analyst Jeff Van Rhee maintains Edgio (NASDAQ:EGIO) with a Hold and lowers the price target from $30 to $10.
https://twitter.com/CitronResearch/status/1780584023590355188 $EGIO Let's clear up some misconceptions. Yesterday a note was put out by an analyst challenging our thesis. We maintain the company will be bought at a significant premium to here. 1- $EGIO Is a significant player in the CDN space which is crucial for edge computing and the future of AI. ( Responding to "… not a leader in edge computing". ) As for streaming, I am sure said analyst will agree this space is doing nothing but growing. 2. Microsoft revenues are not "meaningless" — $EGIO counts them as at least a 10% customer, so ~ $45 million, not the single digit millions he claims. More importantly, Citron wants readers to see the
As of April 16, 2024, four stocks in the information technology sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here’s the latest list of major overbought players in this sector. Red Cat Holdings, Inc. (NASDAQ:RCAT) On March 18, Red Cat Holdings posted better-than
Shares of Ultragenyx Pharmaceutical Inc. (NASDAQ:RARE) fell sharply during Monday’s session after the company revealed new data from the Phase 1/2 study of GTX-102 for Angelman syndrome, a genetic disorder causing developmental disabilities and nerve-related symptoms. Ultragenyx Pharmaceutical shares dipped 9.4% to $42.46 on Monday. Here are some other stocks moving in today's mid-day session. Gainers Soligenix, Inc. (NASDAQ:SNGX) shares surged 71.5% to $0.6679 after the company announced that it was granted orphan drug designation to the active ingredient in MarVax for the prevention and post-exposure prophylaxis against MARV infection by the FDA. Longeveron Inc. (NASDAQ:LGVN) su