Edgio (NASDAQ:EGIO) Price Target Cut to $5.00

Edgio (NASDAQ:EGIO – Get Rating) had its price target cut by Cowen from $5.50 to $5.00 in a research note published on Tuesday, The Fly reports.

Shares of Edgio stock opened at $2.35 on Tuesday. Edgio has a 52 week low of $1.95 and a 52 week high of $5.55. The firm has a market capitalization of $324.76 million, a PE ratio of -6.03 and a beta of 0.83. The company has a current ratio of 3.31, a quick ratio of 3.31 and a debt-to-equity ratio of 0.90.

About Edgio (Get Rating)

Limelight Networks, Inc provides content delivery network and related services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates private global networks with distributed computing resources and extensive connectivity to last-mile broadband network providers; offers live and on-demand video delivery services; and provides online video platforms that integrates and manages advanced video delivery.

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