Xunlei (NASDAQ:XNET) Receiving Somewhat Favorable Press Coverage, Analysis Shows

News articles about Xunlei (NASDAQ:XNET) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Xunlei earned a news impact score of 0.15 on Accern’s scale. Accern also assigned media headlines about the software maker an impact score of 45.1619021403474 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the news stories that may have impacted Accern Sentiment’s rankings:

Several equities research analysts have weighed in on XNET shares. TheStreet raised Xunlei from a “d+” rating to a “c-” rating in a report on Monday, November 13th. ValuEngine downgraded Xunlei from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Finally, BidaskClub downgraded Xunlei from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 2nd.

Shares of Xunlei (NASDAQ XNET) traded down $6.27 during midday trading on Friday, reaching $16.63. The company’s stock had a trading volume of 26,535,800 shares, compared to its average volume of 11,140,000. The firm has a market capitalization of $1,110.00, a P/E ratio of -22.47 and a beta of 1.45. Xunlei has a fifty-two week low of $3.11 and a fifty-two week high of $27.00.

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Xunlei Company Profile

Xunlei Limited (Xunlei) is a cloud-based acceleration technology company. The Company 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 products and services 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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