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    EGIO   US53261M1045

EDGIO, INC.

(EGIO)
  Report
Real-time Estimate Cboe BZX  -  11:39 2022-11-30 am EST
1.375 USD   -4.51%
11/11Raymond James Adjusts Edgio's Price Target to $6 From $8, Keeps Strong Buy Rating
MT
11/11Edgio to Present at Upcoming Investor Conferences
BU
11/11North American Morning Briefing: Fed Hopes, China -3-
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Edgio Completes Week By Setting All-Time Traffic Record

09/20/2022 | 06:52pm EST

Edge network powers global delivery of live sports

Edgio, Inc. (Nasdaq: EGIO), the platform of choice to power unmatched speed, security and simplicity at the edge, announced today the completion of its most successful week of enabling the evolution of television from set-top boxes to streaming, culminating in a record-setting day of traffic to support a major sporting event last Thursday night.

“This past week highlights the value that Edgio brings to the streaming industry,” said Bob Lyons, Edgio CEO. “After many months of planning and preparing with our client, we saw 160% increase on Thursday from the prior day peak traffic, which was the highest we have ever delivered during a live event. Not only were we able to support the massive traffic peaks, but it was done all with the quality you would expect from what third-party benchmark firm, Perfops, currently ranks as the #1 most performant CDN in the world.”

Earlier this quarter, Nielsen highlighted streaming viewership surpassed cable for the first time.

The combination of our world-class network and recently acquired Uplynk streaming assets enables Edgio to deliver an exceptional viewer experience when consuming premium content and live events – offering clients seamless integration unmatched in the industry.

“I couldn’t be more pleased with how the Edgio team has coalesced around our mission to power the evolution of television and the quality of support we provided our clients over the past week - and it goes well beyond the work done by our network teams. Our professional operations team managed over 740 live events peaking at 91 concurrent events for clients as our streaming platform delivered 2+ billion minutes of content while our server-side ad insertion technology, Smartplay, stitched over 500 million ads to support our clients monetization strategies.”

About Edgio

Edgio (NASDAQ: EGIO) makes connected living faster, safer and simpler to manage by powering unmatched speed, security and simplicity at the edge with our seamlessly integrated delivery, applications and streaming solutions. Our globally-scaled technology and expert services fuel the world’s top brands with the capacity to deliver the fastest, most dynamic and frictionless education, entertainment, events and applications to every user. Dedicated to providing unparalleled client care and extending value every step of the way, Edgio is a partner of choice, driving about 20% of worldwide internet traffic to support the most popular shows, movies, sports, games and music, and instant-loading websites. To learn more, visit edg.io and follow us on Twitter, LinkedIn and Facebook.


ę Business Wire 2022
All news about EDGIO, INC.
11/11Raymond James Adjusts Edgio's Price Target to $6 From $8, Keeps Strong Buy Rating
MT
11/11Edgio to Present at Upcoming Investor Conferences
BU
11/11North American Morning Briefing: Fed Hopes, China -3-
DJ
11/10Top Midday Decliners
MT
11/10Northland Securities Downgrades Edgio to Market Perform From Outperform
MT
11/10Truist Cuts Price Target on Edgio to $5 From $8, Keeps Buy Rating
MT
11/10DA Davidson Cuts Price Target on Edgio to $1.70 From $3.25, Keeps Neutral Rating
MT
11/10Cowen Downgrades Edgio to Market Perform From Outperform, Adjusts Price Target to $2.50..
MT
11/09EDGIO, INC. Management's Discussion and Analysis of Financial Condition and Results of..
AQ
11/09Transcript : Edgio, Inc., Q3 2022 Earnings Call, Nov 09, 2022
CI
More news
Analyst Recommendations on EDGIO, INC.
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Financials (USD)
Sales 2022 364 M - -
Net income 2022 -114 M - -
Net Debt 2022 - - -
P/E ratio 2022 -2,46x
Yield 2022 -
Capitalization 319 M 319 M -
Capi. / Sales 2022 0,88x
Capi. / Sales 2023 0,68x
Nbr of Employees 1 256
Free-Float 98,4%
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Technical analysis trends EDGIO, INC.
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
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Buy
Mean consensus BUY
Number of Analysts 8
Last Close Price 1,44 $
Average target price 3,81 $
Spread / Average Target 165%
EPS Revisions
Managers and Directors
Robert A. Lyons President, Chief Executive Officer & Director
Stephen Cumming Chief Financial Officer & Treasurer
David C. Peterschmidt Non-Executive Chairman
Ajay Kapur Chief Technology Officer
Daniel Carney Senior VP-Global Development & Operations
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