News articles about Xunlei (NASDAQ:XNET) have been trending somewhat positive on Saturday, Accern Sentiment reports. Accern rates the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Xunlei earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned press coverage about the software maker an impact score of 47.0552067836728 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Separately, BidaskClub upgraded Xunlei from a “sell” rating to a “hold” rating in a report on Thursday.
Shares of Xunlei (NASDAQ:XNET) opened at 4.60 on Friday. Xunlei has a one year low of $3.11 and a one year high of $5.66.
Xunlei (NASDAQ:XNET) last announced its quarterly earnings results on Wednesday, August 16th. The software maker reported ($0.15) earnings per share (EPS) for the quarter. Xunlei had a negative net margin of 17.02% and a negative return on equity of 6.64%. The company had revenue of $41.52 million for the quarter. On average, equities research analysts predict that Xunlei will post $0.35 EPS for the current fiscal year.
Xunlei 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.
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