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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

Edgio Announces Availability of CMCD Reports

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Edgio (EDGIO) Announces Common Media Client Data (CMCD) Reports for Delivery Clients to Improve Streaming Service Performance
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Orienteed to Integrate Edgio into its Operation Platform to Enhance Commerce Stack Composable Capabilities

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Edgio, Inc. (Nasdaq: EGIO) partners with Orienteed, a leading ecommerce development company, to provide secure backend solutions for Orienteed's frontend components deployed with Crowlify, an operation platform aimed at simplifying the management of multiple environments within an HCL Commerce ecosystem. Businesses can leverage Crowlify CI/CD capabilities and Edgio's edge-enabled CDN and web application security features to scale and improve website speed without sacrificing security.
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Edgio Reports Third Quarter 2023 Results

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Edgio, Inc. (Nasdaq: EGIO) reported a Q3 2023 revenue of $97.0 million, with record applications bookings up over 150% sequentially. The company expects to achieve breakeven adjusted EBITDA in 4Q 2023. Edgio received a $66 million capital infusion and exchanged 95% of its existing 2025 convertible notes for new 2027 convertible notes. The company also announced a new product release, managed service offering, and strategic partner ecosystem. Revenue churn declined over 24% from Q4 2022, and gross margin improved to 23.9%. Edgio is on track to operationalize $85-90 million of expected run-rate cost savings by the end of 2023.
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Edgio, Inc. Announces New Capital Infusion to Drive Growth Strategies

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Edgio, Inc. (NASDAQ: EGIO) receives $66 million in new financing from Lynrock Lake Master Fund LP and exchanges its existing unsecured 3.5% convertible notes due 2025 for 3.5%/16% PIK secured convertible notes due 2027. This move strengthens Edgio's financial position, allowing the company to pursue its strategic plan and expand its capabilities.
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Edgio Partners with Wurl to Introduce FAST Syndication for Channels and Platforms

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Edgio and Wurl have partnered to offer global FAST syndication via Edgio's Uplynk service, enabling Edgio customers to generate linear channels and distribute them through Wurl. The partnership aims to simplify streaming workflows and deliver high-quality content to a global network of FAST channels. The FAST market is predicted to nearly triple by 2027, highlighting the potential for growth in this partnership.
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Edgio Announces Listing Transfer to Nasdaq Capital Market

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Edgio, Inc. receives approval to transfer listing to Nasdaq Capital Market
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Edgio Introduces Enterprise Protect and Perform Bundles to Secure and Accelerate Applications with Predictable Cost

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Edgio announces enterprise-level Protect and Perform Applications Bundles, combining web performance and security in a single package. The new offering eliminates unpredictable costs and provides predictable monthly pricing. Four tiers available.
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Edgio Wins “Overall Web Security Solution of The Year” in 7th Annual CyberSecurity Breakthrough Awards Program

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Edgio, Inc. wins the 'Overall Web Security Solution of the Year' award in the CyberSecurity Breakthrough Awards program.
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Edgio Reports Second Quarter 2023 Results

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Edgio, Inc. regains compliance with Nasdaq Listing Rules after filing 10-Q. Q2 2023 revenue reaches $95.8 million, showing 51% YoY growth. QTD Applications bookings in 3Q 2023 already exceed 2Q 2023 levels and more than double 1Q 2023 bookings. Capital expenditure for YTD 2023 is $2.6 million or 1.3% of revenue.
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5.06%
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Leading Streaming Technology Vendors Join Forces to Offer Pre-Integration of Streaming Workflow with Edgio Managed Services

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Edgio partners with Accedo, Bitmovin, Grabyo, and Vimond to simplify and manage media workflows for delivering high-quality OTT video. This partnership reduces costs, increases efficiencies, and provides a frictionless entry into the market. It offers a pre-integrated workflow that supports profitability and viewer experience, while empowering customers to experiment with different distribution and price point models. Each company will showcase their technologies at IBC2023.
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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