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Edgio, Inc. - EGIO STOCK NEWS

Welcome to our dedicated page for Edgio news (Ticker: EGIO), a resource for investors and traders seeking the latest updates and insights on Edgio stock.

Edgio, Inc. (NASDAQ: EGIO) is a pioneering edge-enabled software solutions provider, delivering secure and unparalleled digital experiences. The company's comprehensive platform seamlessly integrates delivery, applications, and streaming functionalities, catering to a diverse clientele across various industries.

With a primary focus on enhancing digital content delivery, Edgio's solutions empower organizations to engage with their audiences effectively, irrespective of the device or location. The company operates through three significant geographical segments: the Americas, EMEA (Europe, Middle East, and Africa), and Asia Pacific, with the majority of its revenue generated from the Americas region.

Edgio's commitment to innovation is evident in its award-winning Limelight Orchestrate™ platform, which offers a suite of integrated content delivery technologies and services. This platform enables businesses to deliver high-quality multi-screen experiences, bolster brand visibility, drive revenue growth, and strengthen customer relationships, all while optimizing costs.

Recent achievements include strategic partnerships and collaborations that have expanded Edgio’s market reach and enhanced its technological capabilities. The company continuously invests in research and development to stay ahead in the rapidly evolving digital landscape, ensuring that its solutions meet the highest standards of security, performance, and reliability.

For more information about Edgio, Inc., its latest news, and developments, visit their official website or follow them on their social media platforms.

News

Web Application Attacks Intensify in Fourth Quarter of 2023, According to New Edgio Quarterly Attack Trends Report

Rhea-AI Summary
Edgio's Quarterly Attack Trends Report reveals a rise in web application attacks, with path traversal surpassing SQL injection as the top threat. The report emphasizes the dangers of these attacks, such as unauthorized access to sensitive data and potential ransomware deployment. Edgio recommends layered defense strategies, blocklisting, and leveraging threat intelligence feeds to enhance digital asset protection.
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Edgio Partners with KPS to Support Online Retailers with Their Transition to Composable Web Architecture

Rhea-AI Summary
Edgio announces a partnership with KPS to provide composable web architecture solutions for KPS's retail clients, enabling flexibility, scalability, agility, speed-to-market, and cost efficiency. Edgio's Sites solution allows companies to develop front-end applications at the edge with ease, using 40+ frameworks with automated deployment. This partnership will enable KPS to offer clients a competitive pricing model that scales with their business growth.
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Edgio Inc. Announces Inducement Grant Under Nasdaq Listing Rule 5635(C)(4)

Rhea-AI Summary
Edgio, Inc. (EGIO) has issued equity-based awards to its VP Business Operations, Brian White, as a material inducement for his acceptance of employment. The grant consists of 400,000 Restricted Stock Units (RSUs) and was approved by the Company's independent directors and Board of Directors. The grant is subject to the terms and conditions of the award agreement and the Company's Amended and Restated 2021 Inducement Plan.
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Edgio Names BDO as Independent Auditor

Rhea-AI Summary
Edgio, Inc. (NASDAQ: EGIO) has appointed BDO USA, P.C. as its independent registered public accounting firm for the fiscal year ended December 31, 2023, replacing Ernst & Young. The CEO, Todd Hinders, expressed confidence in BDO's ability to deliver high-quality audit services and handle complex accounting matters.
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Edgio Promotes Todd Hinders to Chief Executive Officer

Rhea-AI Summary
Edgio, Inc. (NASDAQ: EGIO) appoints Todd Hinders as CEO and board member, replacing Bob Lyons. Hinders brings 25 years of experience in cloud, security, edge, and media platform businesses. The company aims to optimize its global edge-network, expand its customer base, reduce operating expenses, and maximize shareholder value under Hinders' leadership.
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Edgio Inc. Announces Inducement Grant Under Nasdaq Listing Rule 5635(C)(4)

Rhea-AI Summary
Edgio, Inc. (EGIO) issues equity-based awards to key executives as a material inducement to their employment, comprising 4,502,320 shares of common stock in the form of RSUs, PSUs, and Stock Options. The grant was approved by the Compensation Committee and Board of Directors, with specific details of awards to each executive.
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CORRECTING and REPLACING Edgio Inc. Announces Inducement Grant Under Nasdaq Listing Rule 5635(C)(4)

Rhea-AI Summary
Edgio, Inc. (Nasdaq: EGIO) announced the issuance of equity-based awards to key executives, including Restricted Stock Units, Performance Restricted Stock Units, and Stock Options, totaling 4,958,449 shares of the Company's common stock. The grants were made to the Chief Technology Officer, Chief Revenue Officer, Vice Presidents, and were approved by the Company's prior Board of Directors as a material inducement for their acceptance of employment.
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Secure Medical Chooses Edgio for Fast, Secure Delivery of Telehealth Services

Rhea-AI Summary
Edgio (EDGIO) Announces Secure Medical's Switch to Edgio's Performance and Security Offerings, Resulting in Faster Page Loads at a Lower Cost Compared to Competitive CDN
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Edgio’s Group Vice President of EMEA, Emma Whitmore, to Join the Digital TV Group (DTG) Council

Rhea-AI Summary
Edgio, Inc. (Nasdaq: EGIO) announced that Emma Whitmore, Group Vice President of EMEA, is joining the DTG Council, an industry steering group in the UK, to provide Edgio’s unique perspective and insight on the future of TV distribution. The 25-strong member council includes key players like BT, BBC, ITV, and Sony, aiming to inform the work, policy, and direction of the organization. Edgio’s solutions, powered by a secure global edge network, enable companies to securely deliver video content to global viewers. Emma Whitmore's appointment to the council demonstrates Edgio's commitment to redefining content delivery and network performance.
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Edgio Announces New Board of Directors

Rhea-AI Summary
Edgio, Inc. (NASDAQ: EGIO) reconstitutes its Board of Directors, reducing the size from nine to five members and appointing three new directors. The changes follow a recent transaction with Lynrock Lake Master Fund LP, providing the company with $66 million of new financing. The new Board includes Ken Traub as Chairman, Frank Verdecanna, Mio Babic, Bob Lyons, and Dianne Ledingham. The company aims to leverage the deep expertise of the new Board to strengthen its position as a leading edge-enabled solutions provider.
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FAQ

What is the current stock price of Edgio (EGIO)?

The current stock price of Edgio (EGIO) is $1.11 as of September 18, 2024.

What is the market cap of Edgio (EGIO)?

The market cap of Edgio (EGIO) is approximately 6.5M.

What does Edgio, Inc. specialize in?

Edgio, Inc. specializes in edge-enabled software solutions for secure and unmatched digital experiences, integrating delivery, applications, and streaming.

Which regions contribute the most to Edgio's revenue?

The Americas region contributes the majority of Edgio's revenue.

What is the Limelight Orchestrate™ platform?

It's an award-winning platform that offers a suite of integrated content delivery technologies and services for exceptional multi-screen experiences.

How does Edgio help organizations?

Edgio helps organizations by enabling them to optimize and deliver digital content effectively, improving brand awareness, driving revenue, and enhancing customer relationships.

Where can I find more information about Edgio, Inc.?

For more information, visit Edgio's official website or follow them on their social media platforms.

What are Edgio's key geographical segments?

Edgio's key geographical segments are the Americas, EMEA (Europe, Middle East, and Africa), and Asia Pacific.

Does Edgio invest in research and development?

Yes, Edgio continuously invests in research and development to maintain high standards of security, performance, and reliability in its solutions.

What industries does Edgio serve?

Edgio serves a diverse range of industries by providing integrated digital content delivery, applications, and streaming solutions.

What recent achievements has Edgio made?

Edgio has made significant advancements through strategic partnerships and technological enhancements, expanding its market reach and capabilities.

How does Edgio's platform benefit businesses?

Edgio's platform helps businesses deliver high-quality multi-screen experiences, optimize costs, and strengthen customer engagement.
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Edgio, Inc.

Nasdaq:EGIO

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EGIO Stock Data

6.50M
5.86M
3.74%
41.06%
5.49%
Software - Infrastructure
Services-business Services, Nec
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United States of America
PHOENIX