The stock of Xunlei Ltd (NASDAQ:XNET) is a huge mover today! The stock decreased 6.68% or $0.32 on November 4, hitting $4.47. About 103,981 shares traded hands or 110.81% up from the average. Xunlei Ltd (NASDAQ:XNET) has declined 21.73% since April 4, 2016 and is downtrending. It has underperformed by 22.82% the S&P500.
The move comes after 5 months negative chart setup for the $289.61 million company. It was reported on Nov, 4 by Barchart.com. We have $4.02 PT which if reached, will make NASDAQ:XNET worth $28.96M less.
Analysts await Xunlei Ltd (NASDAQ:XNET) to report earnings on November, 16.
According to Zacks Investment Research, “Xunlei Limited operates an internet platform in China based on cloud computing. It provides users with quick and easy access to digital media content through its core products and services, Xunlei Accelerator and the cloud acceleration subscription services. The Company offers services such as cloud-based subscription services, online advertising, online games, software licensing, and content distribution. Xunlei Limited is based in Shenzhen, the People’s Republic of China.”
More recent Xunlei Ltd (NASDAQ:XNET) news were published by: Renaissancecapital.com which released: “Chinese Internet company Xunlei Limited sets IPO pricing terms” on July 04, 2011. Also Seekingalpha.com published the news titled: “We Plan To Take A Hard Look At The IPO For Xunlei Ltd” on June 24, 2014. Streetinsider.com‘s news article titled: “Chinese Internet Company Xunlei Ltd. (XNET) Files $100M IPO” with publication date: May 23, 2014 was also an interesting one.
XNET Company Profile
Xunlei Limited (Xunlei), incorporated on February 3, 2005, is a cloud acceleration technology company. The Firm 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 services and products 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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