Xunlei (NASDAQ:XNET) Announces Quarterly Earnings Results
Xunlei (NASDAQ:XNET) released its quarterly earnings data on Wednesday. The software maker reported ($0.03) earnings per share for the quarter, Morningstar.com reports. Xunlei had a negative return on equity of 15.42% and a negative net margin of 28.88%. The business had revenue of $47.65 million during the quarter. Xunlei updated its Q3 2019 guidance to EPS.
Shares of NASDAQ:XNET traded down $0.18 during trading on Thursday, hitting $2.47. The stock had a trading volume of 41,598 shares, compared to its average volume of 189,033. Xunlei has a 12 month low of $1.87 and a 12 month high of $10.21. The company has a fifty day moving average of $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.
Separately, ValuEngine upgraded Xunlei from a “hold” rating to a “buy” rating in a report on Thursday, August 1st.
Xunlei Company Profile
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.
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