TheStreet Upgrades Xunlei Limited (XNET) to “C-“

Xunlei Limited (NASDAQ:XNET) was upgraded by equities research analysts at TheStreet from a “d+” rating to a “c-” rating in a note issued to investors on Monday.

XNET has been the topic of several other research reports. BidaskClub raised Xunlei Limited from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. ValuEngine raised Xunlei Limited from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st.

Xunlei Limited (NASDAQ:XNET) opened at $12.79 on Monday. Xunlei Limited has a twelve month low of $3.11 and a twelve month high of $13.98.

Xunlei Limited (NASDAQ:XNET) last announced its quarterly earnings data on Wednesday, August 16th. The software maker reported ($0.15) earnings per share for the quarter. The business had revenue of $41.52 million for the quarter. Xunlei Limited had a negative return on equity of 7.62% and a negative net margin of 19.18%.

COPYRIGHT VIOLATION NOTICE: “TheStreet Upgrades Xunlei Limited (XNET) to “C-“” was posted by Stock Observer and is the sole property of of Stock Observer. If you are accessing this story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark legislation. The legal version of this story can be read at https://www.thestockobserver.com/2017/11/15/thestreet-upgrades-xunlei-limited-xnet-to-c.html.

A number of institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in Xunlei Limited by 92.2% in the third quarter. Dimensional Fund Advisors LP now owns 52,378 shares of the software maker’s stock valued at $223,000 after purchasing an additional 25,130 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in Xunlei Limited in the third quarter valued at $300,000. Finally, State Street Corp grew its holdings in Xunlei Limited by 8.6% in the second quarter. State Street Corp now owns 99,693 shares of the software maker’s stock valued at $323,000 after purchasing an additional 7,880 shares during the last quarter. 11.69% of the stock is currently owned by institutional investors.

Xunlei Limited Company Profile

Xunlei Limited (Xunlei) is a cloud-based acceleration technology company. The Company operates an Internet platform in China based on cloud computing to enable users to access, manage and consume digital media content. The Company’s segment is the operation of its online media platform. The Company’s products and services include Xunlei Accelerator, which enables users to accelerate digital transmission over the Internet, and cloud acceleration subscription services, which offer user services for speed and reliability.

Receive News & Ratings for Xunlei Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xunlei Limited and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply