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Xunlei (NASDAQ:XNET) announced its earnings results on Wednesday. The company reported ($4.65) earnings per share (EPS) for the quarter, ARN reports. The company had revenue of $45.80 million for the quarter, compared to the consensus estimate of $41.20 million.

XNET has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. initiated coverage on shares of Xunlei in a research note on Thursday, July 31st. They set an “overweight” rating and a $16.00 price target on the stock. Analysts at Oppenheimer initiated coverage on shares of Xunlei in a research note on Monday, July 21st. They set a “market perform” rating on the stock.

Shares of Xunlei (NASDAQ:XNET) traded down 8.54% on Wednesday, hitting $10.39. 1,867,409 shares of the company’s stock traded hands. Xunlei has a one year low of $11.13 and a one year high of $16.18. The stock’s 50-day moving average is $13.0 and its 200-day moving average is $13.29. The company’s market cap is $76.0 million.

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