Xunlei (NASDAQ:XNET) Stock

Xunlei

Xunlei Ltd is a cloud-based acceleration technology company in China. The company operates a powerful internet platform in China based on cloud computing to provide users with quick and easy access to digital media content through its products and services, Xunlei Accelerator, and cloud acceleration subscription services. It is increasingly extending into mobile devices in part through potentially pre-installed acceleration products in mobile phones Xunlei has developed various value-added services to meet a fuller spectrum of its users' digital media content access and consumption needs.

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	Quotient Limited (NASDAQ: QTNT) rose 60.7% to $0.1295 in pre-market trading. Quotient shares dipped 37% on Monday after the company announced a 1-for-40 reverse stock split.


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Xunlei Clocks 1% Sequential Revenue Decline In Q2 Due To Currency Headwinds

Xunlei Limited - American Depositary Shares

Xunlei Ltd

<h3>Gainers</h3>
<ul>
<li>MicroCloud Hologram (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOLO#NASDAQ">HOLO</a>) shares increased by 13.7% to $1.91 during Tuesday's pre-market session. The company's market cap stands at $39.2 million. </li>
<li>Xunlei (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XNET#NASDAQ">XNET</a>) shares moved upwards by 9.12% to $2.75. The company's market cap stands at $177.0 million. </li>
<li>Signing Day Sports (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SGN#AMEX">SGN</a>) shares rose 8.1% to $2.0. The market value of their outstanding shares is at $1.1 million. </li>
<li>Digital Ally (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGLY#NASDAQ">DGLY</a>) stock rose 8.01% to $0.33. The market value of their outstanding shares is at $1.8 million. </li>
<li>Everspin Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRAM#NASDAQ">MRAM</a>) shares moved upwards by 7.9% to $6.69. The market value of their outstanding shares is at $146.9 million. </li>
<li>TeraWulf (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WULF#NASDAQ">WULF</a>) shares rose 6.32% to $4.71. The company's market cap stands at $1.8 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Orangekloud Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORKT#NASDAQ">ORKT</a>) shares decreased by 15.2% to $1.12 during Tuesday's pre-market session. The company's market cap stands at $25.9 million. </li>
<li>NOVONIX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVX#NASDAQ">NVX</a>) stock decreased by 7.6% to $1.46. The company's market cap stands at $227.2 million. </li>
<li>Aurora Mobile (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JG#NASDAQ">JG</a>) stock declined by 7.37% to $13.46. The company's market cap stands at $80.5 million. </li>
<li>Blackboxstocks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLBX#NASDAQ">BLBX</a>) stock declined by 7.3% to $3.56. The market value of their outstanding shares is at $12.5 million. </li>
<li>Juniper Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNPR#NYSE">JNPR</a>) stock declined by 7.25% to $35.85. The market value of their outstanding shares is at $11.8 billion. </li>
<li>MultiSensor AI Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSAI#NASDAQ">MSAI</a>) shares fell 5.17% to $1.47. The company's market cap stands at $47.1 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Information Technology Stocks Moving In Tuesday's Pre-Market Session

Xunlei to Acquire Hupu, Terms Not Disclosed

Xunlei (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XNET#NASDAQ">XNET</a>) reported quarterly earnings of $0.08 per share. This is a 3.57 percent decrease over earnings of $0.08 per share from the same period last year. The company reported $79.84 million in sales this quarter. This is a 4.90 percent decrease over sales of $83.95 million the same period last year.

Xunlei Q3 2024 Adj EPADS $0.0805 Down From $0.0835 YoY, Sales $79.84M Down From $83.95M YoY

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Earnings Scheduled For November 14, 2024

Xunlei Estimates Q3 Total Revenues Of $81M - $86M; Midpoint Of The Range Represents Q/Q Increase Of 4.9%

Xunlei Reports Q2 Earnings Per ADS Of $0.04, Down From $0.08 Last Year; Total Revenues $79.6M, Down 23.7% Y/Y

Xunlei Limited ("Xunlei" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XNET#NASDAQ">XNET</a>), a leading technology company providing distributed cloud services in China, today announced that the board of directors of the Company (the "Board") has approved a new share repurchase program under which the Company may repurchase up to US$20 million of its ADSs or common shares over the next 12 months (the "2024 Share Repurchase Program"). The Board will review the 2024 Share Repurchase Program periodically and, if necessary, adjust its size and terms as necessary. &nbsp;
In June 2023, Xunlei announced that the Board approved and adopted a share repurchase program, which authorized the Company to repurchase up to US$20 million of its shares over the next 12 months. As of March 31, 2024, the Company had spent approximately US$4.7 million on the share repurchases under this share repurchase program.

Buybacks

Xunlei Announces $20M Share Repurchase Program Of Its ADSs Or Common Shares Over The Next 12 Months

Xunlei (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XNET#NASDAQ">XNET</a>) reported quarterly earnings of $0.01 per share. This is a 83.33 percent decrease over earnings of $0.08 per share from the same period last year. The company reported $80.36 million in sales this quarter. This is a 18.76 percent decrease over sales of $98.91 million the same period last year.

Xunlei Q1 Adj $0.01 Down From $0.08 YoY, Sales $80.36M Down From $98.91M YoY

<h3>Gainers</h3>
<ul>
<li>Genasys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNSS#NASDAQ">GNSS</a>) stock rose 10.0% to $2.2 during Tuesday's after-market session. The company's market cap stands at $96.8 million. As per the news, the Q2 earnings report came out today. </li>
<li>AEye (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIDR#NASDAQ">LIDR</a>) shares rose 9.75% to $2.7. The company's market cap stands at $17.5 million. As per the news, the Q1 earnings report came out today. </li>
<li>Sonim Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SONM#NASDAQ">SONM</a>) stock increased by 7.75% to $0.62. The company's market cap stands at $29.1 million. </li>
<li>Mobix Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOBX#NASDAQ">MOBX</a>) stock rose 4.99% to $3.36. The market value of their outstanding shares is at $90.2 million. The company's, Q2 earnings came out today. </li>
<li>908 Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MASS#NASDAQ">MASS</a>) stock increased by 4.89% to $7.5. The market value of their outstanding shares is at $258.6 million. </li>
<li>Wrap Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRAP#NASDAQ">WRAP</a>) stock rose 4.87% to $1.72. The market value of their outstanding shares is at $76.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Infinera (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INFN#NASDAQ">INFN</a>) stock fell 9.0% to $5.28 during Tuesday's after-market session. The company's market cap stands at $1.2 billion. As per the news, the Q4 earnings report came out yesterday. </li>
<li>MMTEC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTC#NASDAQ">MTC</a>) shares fell 8.8% to $8.3. The company's market cap stands at $1.6 billion. </li>
<li>Bit Origin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTOG#NASDAQ">BTOG</a>) shares fell 7.66% to $3.86. The company's market cap stands at $24.3 million. </li>
<li>Xunlei (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XNET#NASDAQ">XNET</a>) stock decreased by 4.03% to $1.67. The market value of their outstanding shares is at $108.0 million. </li>
<li>Phunware (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHUN#NASDAQ">PHUN</a>) shares decreased by 3.88% to $7.2. The market value of their outstanding shares is at $57.7 million. The company's, Q1 earnings came out 3 days ago. </li>
<li>UTime (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTO#NASDAQ">WTO</a>) shares declined by 3.82% to $0.36. The company's market cap stands at $140.3 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Information Technology Stocks Moving In Tuesday's After-Market Session

Guidance&nbsp;for the&nbsp;First Quarter&nbsp;of 2024
For the&nbsp;first quarter&nbsp;of 2024, Xunlei estimates total revenues to be between US$79 million and US$84 million, and the midpoint of the range represents a quarter-over-quarter increase of approximately&nbsp;5.7%. This estimate represents management&#39;s preliminary view as of the date of this press release, which is subject to change and any change could be material.

Xunlei Limited Expects Q1 Revenue of $79M-$84M

Xunlei (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XNET#NASDAQ">XNET</a>) reported quarterly earnings of $0.07 per share. This is a 30.19 percent increase over earnings of $0.05 per share from the same period last year. The company reported $76.86 million in sales this quarter. This is a 20.48 percent decrease over sales of $96.64 million the same period last year.

Xunlei Q4 Adj EPS $0.07 Up From $0.05 YoY, Sales $76.86M Down From $96.64M YoY

<h3>The Meaning Behind Value Stocks</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>Benzinga Insights has compiled a list of value stocks in the communication services sector that may be worth watching:</h2>
<ol>
<li>Gogo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOGO#NASDAQ">GOGO</a>) - P/E: 7.71</li>
<li>Perion Network (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PERI#NASDAQ">PERI</a>) - P/E: 9.98</li>
<li>Hello Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOMO#NASDAQ">MOMO</a>) - P/E: 5.18</li>
<li>Xunlei (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XNET#NASDAQ">XNET</a>) - P/E: 5.99</li>
<li>Lendway (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LDWY#NASDAQ">LDWY</a>) - P/E: 0.97</li>
</ol>
Gogo saw a decrease in earnings per share from 0.16 in Q3 to $0.11 now. This quarter, Perion Network experienced an increase in earnings per share, which was $0.84 in Q3 and is now $1.04. Most recently, Hello Gr reported earnings per share at $0.42, whereas in Q2 earnings per share sat at $0.43. Most recently, Xunlei reported earnings per share at $0.08, whereas in Q2 earnings per share sat at $0.13. Most recently, Lendway reported earnings per share at $0.63, whereas in Q2 earnings per share sat at $-0.02. 
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

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5 Value Stocks In The Communication Services Sector

<h3>Gainers</h3>
<ul>
<li>Ascent Solar Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTI#NASDAQ">ASTI</a>) shares increased by 5.7% to $0.72 during Tuesday's after-market session. The company's market cap stands at $2.4 million. </li>
<li>Movella Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MVLA#NASDAQ">MVLA</a>) shares rose 5.01% to $0.4. The company's market cap stands at $20.3 million. </li>
<li>FOXO Technologies (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/FOXO#AMEX">FOXO</a>) stock moved upwards by 4.63% to $0.28. The company's market cap stands at $2.5 million. As per the press release, Q3 earnings came out 2 days ago. </li>
<li>Xunlei (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XNET#NASDAQ">XNET</a>) shares increased by 4.63% to $1.58. The market value of their outstanding shares is at $103.2 million. </li>
<li>Addvantage Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEY#NASDAQ">AEY</a>) stock moved upwards by 4.07% to $2.81. The market value of their outstanding shares is at $4.2 million. </li>
<li>Expensify (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXFY#NASDAQ">EXFY</a>) stock increased by 3.29% to $1.88. The company's market cap stands at $157.4 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Meta Materials (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMAT#NASDAQ">MMAT</a>) shares fell 13.2% to $0.06 during Tuesday's after-market session. The company's market cap stands at $32.7 million. </li>
<li>Infrared Cameras Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSAI#NASDAQ">MSAI</a>) shares declined by 4.67% to $2.45. The company's market cap stands at $29.2 million. </li>
<li>WiSA Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WISA#NASDAQ">WISA</a>) stock declined by 4.16% to $0.09. The company's market cap stands at $2.0 million. </li>
<li>Cyngn (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYN#NASDAQ">CYN</a>) stock declined by 4.14% to $0.17. The company's market cap stands at $8.8 million. </li>
<li>Texas Instruments (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) stock decreased by 3.98% to $167.41. The company's market cap stands at $152.0 billion. The company's, Q4 earnings came out today. </li>
<li>Dropbox (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBX#NASDAQ">DBX</a>) stock fell 3.97% to $31.04. The company's market cap stands at $10.4 billion. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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