Xunlei (XNET) to Release Earnings on Thursday

Xunlei (NASDAQ:XNET) is scheduled to post its quarterly earnings results before the market opens on Thursday, May 16th. Xunlei has set its Q1 2024 guidance at EPS.

Xunlei (NASDAQ:XNET) last issued its earnings results on Thursday, March 14th. The software maker reported $0.06 earnings per share (EPS) for the quarter. Xunlei had a return on equity of 4.48% and a net margin of 3.90%. The business had revenue of $77.14 million during the quarter.

Xunlei Stock Down 0.6 %

Shares of XNET opened at $1.62 on Friday. Xunlei has a 52-week low of $1.28 and a 52-week high of $2.09. The company has a market capitalization of $104.29 million, a PE ratio of 7.04 and a beta of 1.22. The stock has a fifty day simple moving average of $1.52 and a two-hundred day simple moving average of $1.52. The company has a quick ratio of 2.54, a current ratio of 2.56 and a debt-to-equity ratio of 0.05.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Xunlei in a research note on Friday. They issued a “buy” rating for the company.

Xunlei Company Profile

Xunlei Limited, together with its subsidiaries, operates an Internet platform for digital media content in the People's Republic of China. Its platform is based on cloud technology that enables users to access, store, manage, and consume digital media content. The company offers Xunlei Accelerator, which enables users to accelerate digital transmission over the internet; mobile acceleration plug-in, which provides mobile device users with benefits of download speed acceleration and download success rate improvements; and subscription services that offer users premium services through various products, such as Green Channel.