Stock of Chinese cloud acceleration technology company, Xunlei (XNET, Financial), saw a notable increase of 6.28%, trading at $2.03 per share with a volume of 150,858 shares and a turnover rate of 0.24%. The stock's amplitude reached 5.75% during this period.
Recent financial reports for Xunlei revealed revenue of $79.33 million and a net profit of $2.76 million, resulting in earnings of $0.04 per share. The company maintains a gross profit of $40.70 million and a price-to-earnings ratio of 8.98. Currently, no institutional ratings are available regarding buy, hold, or sell recommendations for the stock.
Overall, the software services sector, where Xunlei operates, experienced a growth of 0.85%. In this sector, companies like Vimeo, Inc., Orangekloud Technology Inc., and 8X8 Inc. showed significant increases, while Simpple Ltd., Phunware, Inc., and Earlyworks Co Ltd were notably active. Banzai International Inc C/Wts 14/12/2028 (To Pur Com), Simpple Ltd., and Orangekloud Technology Inc. reported high stock amplitude rates of 100.00%, 71.19%, and 46.70%, respectively.
Xunlei is recognized for its strong cloud-based internet platform in China, facilitating fast access to digital media content through products like Xunlei Accelerator and cloud subscription services. The company is expanding its presence on mobile devices, often with pre-installed acceleration products, and continues to develop value-added services to cater to the growing demand for comprehensive digital media consumption.
