Chinese desktop software and Blockchain -related company Xunlei has published its Q3 report

Xunlei (NASDAQ:XNET) issued its earnings results on Wednesday. The software maker reported ($0.24) earnings per share for the quarter, Morningstar.com reports. The business had revenue of $45.03 million for the quarter. Xunlei had a negative return on equity of 3.89% and a negative net margin of 4.65%. Xunlei updated its Q4 2018 guidance to EPS.

Xunlei stock opened at $5.43 on Friday. Xunlei has a one year low of $5.18 and a one year high of $27.00.

Several institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC grew its position in shares of Xunlei by 5.8% during the second quarter. SG Americas Securities LLC now owns 107,512 shares of the software maker’s stock worth $1,150,000 after acquiring an additional 5,911 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in shares of Xunlei during the second quarter worth about $113,000. Stevens Capital Management LP bought a new position in shares of Xunlei during the second quarter worth about $114,000. Engineers Gate Manager LP bought a new position in shares of Xunlei during the second quarter worth about $172,000. Finally, Virtu Financial LLC bought a new position in shares of Xunlei during the third quarter worth about $124,000. Institutional investors and hedge funds own 20.49% of the company’s stock.

XNET has been the subject of several recent research reports. BidaskClub lowered shares of Xunlei from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. TheStreet lowered shares of Xunlei from a “c-” rating to a “d” rating in a research report on Thursday, August 16th. Finally, ValuEngine lowered shares of Xunlei from a “buy” rating to a “hold” rating in a research report on Wednesday, October 24th.

About Xunlei

Xunlei Limited, a cloud-based acceleration technology company, operates an Internet platform for digital media content in the People’s Republic of China. The company’s platform is based on cloud computing that enables users to access, manage, and consume digital media content. It offers Xunlei Accelerator, which enables users to accelerate digital transmission over the Internet; and cloud acceleration subscription services that offer users premium services through various products, such as Green Channel and Offline Accelerator.

Earnings History for Xunlei (NASDAQ:XNET)

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Source: https://pressoracle.com/2018/11/16/xunlei-xnet-releases-earnings-results.html