Xunlei (XNET) Issues Earnings Results

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.



A number of institutional investors have recently bought and sold shares of XNET. BlackRock Inc. boosted its stake in Xunlei by 7.6% in the 3rd quarter. BlackRock Inc. now owns 521,249 shares of the software maker’s stock worth $3,785,000 after purchasing an additional 36,944 shares during the period. Dimensional Fund Advisors LP boosted its stake in Xunlei by 88.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 104,114 shares of the software maker’s stock worth $758,000 after purchasing an additional 48,833 shares during the period. Vanguard Group Inc boosted its stake in Xunlei by 0.7% in the 3rd quarter. Vanguard Group Inc now owns 973,578 shares of the software maker’s stock worth $7,068,000 after purchasing an additional 6,370 shares during the period. Legal & General Group Plc acquired a new position in Xunlei in the 3rd quarter worth approximately $31,000. Finally, WINTON GROUP Ltd boosted its stake in Xunlei by 12.4% in the 4th quarter. WINTON GROUP Ltd now owns 28,279 shares of the software maker’s stock worth $96,000 after purchasing an additional 3,122 shares during the period. 17.06% of the stock is owned by hedge funds and other institutional investors.

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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

Earnings History for Xunlei (NASDAQ:XNET)

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