Xunlei (NASDAQ:XNET) issued its earnings results on Monday. The software maker reported ($0.13) earnings per share for the quarter, Morningstar.com reports. The business had revenue of $41.04 million for the quarter. Xunlei had a negative return on equity of 15.10% and a negative net margin of 28.88%. Xunlei updated its Q2 2019 guidance to EPS.
Shares of NASDAQ:XNET opened at $3.21 on Wednesday. Xunlei has a 1-year low of $3.13 and a 1-year high of $15.92.
Separately, ValuEngine cut shares of Xunlei from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st.
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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.
See Also: Cost of Capital
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