XNET Stock Surges Over 5% Amidst Earnings Report

1 day ago

Xunlei (XNET, Financial), a cloud-based acceleration technology company, saw its stock price rise by 5.32%, reaching $2.08 per share. The trading volume was 182,228 shares, with a turnover rate of 0.29% and a price fluctuation of 6.08%. Recent financial results show Xunlei's revenue at $79.84 million and a net profit of $4.60 million, resulting in an earnings per share (EPS) of $0.07 and a price-to-earnings (P/E) ratio of 8.98.

Currently, there are no institutional ratings for XNET regarding buy, hold, or sell recommendations. Within the software services sector, where Xunlei operates, the overall growth was 0.89%. Notable performers in this sector include Gorilla Technology Group Inc and Arqit Quantum Inc, with significant price fluctuations.

Xunlei is known for its cloud-based services that enhance digital media content access, including products like the Xunlei Accelerator and cloud subscription services. The company is expanding into mobile devices, offering various value-added services.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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