Xunlei Stock (NASDAQ:XNET), Trade Ideas

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

Xunlei Limited - American Depositary Shares

Xunlei Ltd

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.

GOGO

LDWY

MOMO

PERI

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

<h3>What Defines a Value Stock?</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>Below is a list of notable value stocks in the communication services sector:</h2>
<ol>
<li>KT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KT#NYSE">KT</a>) - P/E: 7.21</li>
<li>Weibo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WB#NASDAQ">WB</a>) - P/E: 4.8</li>
<li>SK Telecom Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKM#NYSE">SKM</a>) - P/E: 9.76</li>
<li>Xunlei (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XNET#NASDAQ">XNET</a>) - P/E: 5.87</li>
<li>Telecom Argentina (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEO#NYSE">TEO</a>) - P/E: 9.83</li>
</ol>
KT's earnings per share for Q2 sits at $0.6, whereas in Q1, they were at 0.47. This quarter, Weibo experienced an increase in earnings per share, which was $0.53 in Q2 and is now $0.57. SK Telecom Co has reported Q2 earnings per share at $0.63, which has increased by 10.53% compared to Q1, which was 0.57. Xunlei's earnings per share for Q3 sits at $0.08, whereas in Q2, they were at 0.13. Most recently, Telecom Argentina reported earnings per share at $0.23, whereas in Q2 earnings per share sat at $0.03. 
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

Telecom Argentina Stet - France Telecom S.A.

5 Value Stocks To Watch In The Communication Services Sector

<h3>What is a Value Stock?</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>The following stocks are considered to be notable value stocks in the communication services sector:</h2>
<ol>
<li>Xunlei (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XNET#NASDAQ">XNET</a>) - P/E: 6.61</li>
<li>Cogent Comms Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCOI#NASDAQ">CCOI</a>) - P/E: 3.36</li>
<li>VEON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEON#NASDAQ">VEON</a>) - P/E: 2.78</li>
<li>SK Telecom Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKM#NYSE">SKM</a>) - P/E: 9.81</li>
<li>DISH Network (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DISH#NASDAQ">DISH</a>) - P/E: 2.98</li>
</ol>
Xunlei saw a decrease in earnings per share from 0.13 in Q2 to $0.08 now. This quarter, Cogent Comms Hldgs experienced a decrease in earnings per share, which was $-0.67 in Q2 and is now $-1.2. The company's most recent dividend yield sits at 5.88%, which has decreased by 0.37% from 6.25% last quarter. 
VEON saw a decrease in earnings per share from 0.14 in Q2 to $0.07 now. Its most recent dividend yield is at 11.03%, which has increased by 2.03% from 9.0% in the previous quarter.
SK Telecom Co's earnings per share for Q2 sits at $0.63, whereas in Q1, they were at 0.57. Most recently, DISH Network reported earnings per share at $-0.26, whereas in Q2 earnings per share sat at $0.31. 
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

CCOI

DISH

VEON

A Look Into Communication Services Sector Value Stocks

Xunlei Sees Q4 Revenue Between $70M-$75M, And Midpoint Represents Quarter-Over-Quarter Decrease Of Approximately 8.6%

Xunlei (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XNET#NASDAQ">XNET</a>) reported quarterly adjusted earnings of $0.08 per share. This is a 37.31 percent decrease over earnings of $0.13 per share from the same period last year. The company reported $83.95 million in sales this quarter. This is a 4.67 percent decrease over sales of $88.07 million the same period last year.

Xunlei Q3 Adj. EPS $0.08 Down From $0.13 YoY, Sales $83.95M Down From $88.07M YoY

<h3>Gainers</h3>
<ul>
<li>AudioEye (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEYE#NASDAQ">AEYE</a>) shares moved upwards by 6.4% to $5.29 during Monday's after-market session. The company's market cap stands at $62.4 million. </li>
<li>Adeia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADEA#NASDAQ">ADEA</a>) stock moved upwards by 5.69% to $9.84. The market value of their outstanding shares is at $1.0 billion. </li>
<li>Red Cat Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCAT#NASDAQ">RCAT</a>) shares increased by 5.01% to $0.98. The market value of their outstanding shares is at $54.4 million. </li>
<li>PFSweb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFSW#NASDAQ">PFSW</a>) shares increased by 4.8% to $5.24. The company's market cap stands at $119.1 million. </li>
<li>NOVONIX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVX#NASDAQ">NVX</a>) stock rose 4.66% to $2.02. The market value of their outstanding shares is at $245.9 million. </li>
<li>GSE Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GVP#NASDAQ">GVP</a>) stock rose 4.58% to $0.37. The market value of their outstanding shares is at $9.1 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Oracle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) shares fell 9.2% to $115.0 during Monday's after-market session. Trading volume for this security closed at 4.6 million, accounting for 45.3% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $312.1 billion. The company's, Q1 earnings came out today. </li>
<li>Addvantage Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEY#NASDAQ">AEY</a>) shares decreased by 8.19% to $0.34. Trading volume for this security closed at 148.2K, accounting for 149.1% of its average full-day volume over the last 100 days. The company's market cap stands at $5.0 million. </li>
<li>Phunware (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHUN#NASDAQ">PHUN</a>) shares declined by 5.42% to $0.24. Today's trading volume for this security ended up closing at 116.7K shares, which is 4.3 percent of its average volume over the last 100 days. The company's market cap stands at $30.0 million. </li>
<li>Xunlei (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XNET#NASDAQ">XNET</a>) shares decreased by 4.77% to $1.6. The market value of their outstanding shares is at $105.3 million. </li>
<li>908 Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MASS#NASDAQ">MASS</a>) stock decreased by 4.52% to $6.18. The company's market cap stands at $199.7 million. </li>
<li>VirnetX Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VHC#NYSE">VHC</a>) stock fell 4.14% to $0.29. The company's market cap stands at $20.6 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.

ADEA

AEYE

MASS

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ORCL

PFSW

PHUN

RCAT

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

Xunlei Sees FY23 Revenue Of $79M - $84M

Xunlei (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XNET#NASDAQ">XNET</a>) reported quarterly adjusted earnings of $0.13 per share. This is a 10.34 percent decrease over earnings of $0.14 per share from the same period last year. The company reported $104.00 million in sales this quarter. This is a 33.31 percent increase over sales of $78.02 million the same period last year.

Xunlei Q2 Adj EPS $0.13 Down From $0.14 YoY, Sales $104.00M Up From $78.02M YoY

<h3>What is a Value Stock?</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>Below is a list of notable value stocks in the communication services sector:</h2>
<ol>
<li>Scienjoy Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SJ#NASDAQ">SJ</a>) - P/E: 9.43</li>
<li>AdTheorent Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADTH#NASDAQ">ADTH</a>) - P/E: 7.94</li>
<li>Xunlei (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XNET#NASDAQ">XNET</a>) - P/E: 7.51</li>
<li>Urban One (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UONE#NASDAQ">UONE</a>) - P/E: 7.78</li>
<li>Lendway (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LDWY#NASDAQ">LDWY</a>) - P/E: 1.13</li>
</ol>
Scienjoy Holding's earnings per share for Q1 sits at $0.02, whereas in Q4, they were at 0.04. AdTheorent Holding saw an increase in earnings per share from -0.06 in Q1 to $0.09 now. Xunlei saw an increase in earnings per share from 0.05 in Q4 to $0.08 now. This quarter, Urban One experienced a decrease in earnings per share, which was $0.08 in Q3 and is now $0.02. Lendway saw a decrease in earnings per share from 0.91 in Q1 to $-0.02 now. 
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.

ADTH

UONE

<h3>What Defines a Value Stock?</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>Nexstar Media Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXST#NASDAQ">NXST</a>) - P/E: 8.53</li>
<li>Xunlei (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XNET#NASDAQ">XNET</a>) - P/E: 7.79</li>
<li>Hello Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOMO#NASDAQ">MOMO</a>) - P/E: 9.44</li>
<li>SK Telecom Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKM#NYSE">SKM</a>) - P/E: 9.99</li>
<li>Liberty TripAdvisor Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LTRPA#NASDAQ">LTRPA</a>) - P/E: 2.38</li>
</ol>
Nexstar Media Gr saw a decrease in earnings per share from 5.3 in Q4 to $2.97 now. The company's most recent dividend yield sits at 3.13%, which has increased by 0.38% from 2.75% last quarter. 
Most recently, Xunlei reported earnings per share at $0.08, whereas in Q4 earnings per share sat at $0.05. Most recently, Hello Gr reported earnings per share at $0.34, whereas in Q4 earnings per share sat at $0.36. Most recently, SK Telecom Co reported earnings per share at $0.57, whereas in Q4 earnings per share sat at $0.39. This quarter, Liberty TripAdvisor Hldgs experienced a decrease in earnings per share, which was $0.26 in Q4 and is now $-0.41. 
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.

LTRPA

NXST

Xunlei Sees Q3 Total Revenues $101M-$106M

<h3>Gainers</h3>
<ul>
<li>GitLab (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTLB#NASDAQ">GTLB</a>) shares rose 31.2% to $46.46 during Tuesday's regular session. Trading volume for GitLab's stock is 16.0 million as of 13:30 EST. This is 545.5% of its average full-day volume over the last 100 days. The company's market cap stands at $7.1 billion. The company's, Q1 earnings came out yesterday. </li>
<li>D-Wave Quantum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>) shares increased by 29.37% to $2.29. D-Wave Quantum's stock is trading at a volume of 16.0 million shares as of 13:30 EST. This is 475.0% of its average full-day volume over the last 100 days. The company's market cap stands at $291.2 million. </li>
<li>Microvision (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MVIS#NASDAQ">MVIS</a>) shares increased by 26.07% to $6.72. Trading volume for this security as of 13:30 EST is 23.0 million, which is 793.4% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $1.1 billion. </li>
<li>Rigetti Computing (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) shares increased by 25.5% to $1.15. The current volume of 5.1 million shares is 347.5% of Rigetti Computing's average full-day volume over the last 100 days (last updated at 13:30 EST). The company's market cap stands at $148.6 million. </li>
<li>Xunlei (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XNET#NASDAQ">XNET</a>) stock moved upwards by 21.48% to $1.64. Trading volume for Xunlei's stock is 5.3 million as of 13:30 EST. This is 7670.2% of its average full-day volume over the last 100 days. The company's market cap stands at $106.6 million. </li>
<li>Applied Optoelectronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAOI#NASDAQ">AAOI</a>) shares moved upwards by 15.23% to $2.69. As of 13:30 EST, this security is trading at a volume of 732.8K shares, making up 390.7% of its average full-day volume over the last 100 days. The company's market cap stands at $78.3 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Tingo Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIO#NASDAQ">TIO</a>) stock decreased by 55.1% to $1.15 during Tuesday's regular session. The current volume of 45.3 million shares is 1031.9% of Tingo Group's average full-day volume over the last 100 days (last updated at 13:30 EST). The market value of their outstanding shares is at $187.8 million. </li>
<li>Cyxtera Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYXT#NASDAQ">CYXT</a>) shares fell 19.42% to $0.07. Trading volume for Cyxtera Technologies's stock is 20.2 million as of 13:30 EST. This is 1023.9% of its average full-day volume over the last 100 days. The company's market cap stands at $12.4 million. </li>
<li>Quantum (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QMCO#NASDAQ">QMCO</a>) shares decreased by 13.83% to $1.06. Trading volume for Quantum's stock is 612.9K as of 13:30 EST. This is 361.9% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $111.5 million. As per the news, the Q4 earnings report came out today. </li>
<li>Ciena (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) shares fell 12.24% to $41.69. As of 13:30 EST, this security is trading at a volume of 6.6 million shares, making up 371.4% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $6.2 billion. As per the press release, Q2 earnings came out today. </li>
<li>Bit Origin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTOG#NASDAQ">BTOG</a>) stock fell 10.62% to $1.6. Trading volume for Bit Origin's stock is 69.4K as of 13:30 EST. This is 348.8% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $5.3 million. </li>
<li>Cemtrex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETXP#NASDAQ">CETXP</a>) shares declined by 10.42% to $0.6. 
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 Intraday Session

WIIM

Xunlei Limited shares are trading higher after the company launched a $20 million share buyback program.

<h3>Gainers</h3>
<ul>
<li>GitLab (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTLB#NASDAQ">GTLB</a>) shares moved upwards by 30.8% to $46.29 during Tuesday's pre-market session. The market value of their outstanding shares is at $7.0 billion. As per the press release, Q1 earnings came out yesterday. </li>
<li>Research Frontiers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REFR#NASDAQ">REFR</a>) stock moved upwards by 11.54% to $1.9. The market value of their outstanding shares is at $63.5 million. </li>
<li>Xunlei (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XNET#NASDAQ">XNET</a>) stock rose 11.11% to $1.5. The market value of their outstanding shares is at $97.5 million. </li>
<li>Rubicon Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBT#NYSE">RBT</a>) stock moved upwards by 8.11% to $0.34. The company's market cap stands at $25.9 million. </li>
<li>Saverone 2014 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVRE#NASDAQ">SVRE</a>) shares increased by 8.02% to $1.48. The company's market cap stands at $8.2 million. </li>
<li>ZeroFox Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZFOX#NASDAQ">ZFOX</a>) stock increased by 7.69% to $1.12. The company's market cap stands at $132.9 million. As per the press release, Q1 earnings came out today. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Tingo Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIO#NASDAQ">TIO</a>) stock decreased by 20.8% to $2.02 during Tuesday's pre-market session. The company's market cap stands at $331.3 million. </li>
<li>ACM Research (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACMR#NASDAQ">ACMR</a>) shares decreased by 8.54% to $8.9. The company's market cap stands at $532.8 million. </li>
<li>Ciena (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) shares decreased by 7.58% to $43.9. The company's market cap stands at $6.5 billion. As per the press release, Q2 earnings came out today. </li>
<li>Maris Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTEK#NASDAQ">MTEK</a>) stock decreased by 6.33% to $0.83. The company's market cap stands at $6.5 million. </li>
<li>Nano Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NA#NASDAQ">NA</a>) shares fell 5.59% to $2.03. The market value of their outstanding shares is at $113.1 million. </li>
<li>Riot Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) shares declined by 5.53% to $10.09. The market value of their outstanding shares is at $1.7 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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12 Information Technology Stocks Moving In Tuesday's Pre-Market Session

Xunlei Limited (&quot;Xunlei&quot; or the &quot;Company&quot;) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XNET#NASDAQ">XNET</a>), a leading innovator of shared cloud computing and blockchain technology in China, today announced that the board of directors of the Company (the &quot;Board&quot;) has approved a new share repurchase program under which the Company may repurchase up to US$20 million of its shares over the next 12 months (the &quot;2023 Share Repurchase Program&quot;). The Board will review the 2023 Share Repurchase Program periodically and, if necessary, adjust its size and terms as necessary.

Buybacks

Xunlei Launches $20M Share Buyback Program

<h3>What Defines a Value Stock?</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>The following stocks are considered to be notable value stocks in the communication services sector:</h2>
<ol>
<li>Xunlei (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XNET#NASDAQ">XNET</a>) - P/E: 5.08</li>
<li>AdTheorent Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADTH#NASDAQ">ADTH</a>) - P/E: 1.92</li>
<li>Scienjoy Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SJ#NASDAQ">SJ</a>) - P/E: 6.55</li>
<li>Verizon Communications (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) - P/E: 7.01</li>
<li>Hello Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOMO#NASDAQ">MOMO</a>) - P/E: 7.99</li>
</ol>
Xunlei's earnings per share for Q1 sits at $0.08, whereas in Q4, they were at 0.05. AdTheorent Holding has reported Q1 earnings per share at $-0.06, which has decreased by 175.0% compared to Q4, which was 0.08. Scienjoy Holding has reported Q4 earnings per share at $0.04, which has decreased by 42.86% compared to Q3, which was 0.07. Verizon Communications has reported Q1 earnings per share at $1.2, which has increased by 0.84% compared to Q4, which was 1.19. The company's most recent dividend yield sits at 6.81%, which has increased by 0.11% from 6.7% last quarter. 
This quarter, Hello Gr experienced a decrease in earnings per share, which was $0.37 in Q3 and is now $0.36. 
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.

Xunlei Limited ("Xunlei" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XNET#NASDAQ">XNET</a>), a leading innovator of shared cloud computing and blockchain technology in China, today announced that it is taking proactive measures to adjust certain business operations. Particularly, the Company is downsizing its domestic audio live streaming operations due to lower gross margin of such business and the rapidly evolving and challenging industry environment. &nbsp;
As a result of this change, the Company expects that revenues from live streaming and other IVAS segment will be significantly reduced going forward. The Company will evaluate the impact of this initiative and provide an update on the second quarter revenue guidance in the near future.

Management

Xunlei Downsizes Its Domestic Live Streaming Business;  Company Expects That Revenues From Live Streaming And Other IVAS Segment Will Be Significantly Reduced Going Forward

Xunlei Limited (XNET) Q3 2023 Earnings Call Transcript

Xunlei Ltd (XNET) stock is up 9.46% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator. Xunlei Ltd has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on XNET!See Full XNET ReportWhat is Stock Sentiment?In investing, sentiment generally mea

Is Xunlei Ltd (XNET) Stock About to Get Hot Monday?

NCTY, DRCT among major communication services gainers; ANGH, AMCX among losers

The market has been high on Xunlei Ltd (XNET)  stock recently. XNET gets a Bullish score from InvestorsObserver Stock Sentiment Indicator. Xunlei Ltd has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on XNET!See Full XNET ReportWhat is Stock Sentiment?Sentiment uses short te

What is the Market's View on Xunlei Ltd (XNET) Stock's Price and Volume Trends Friday?

With projections indicating an optimistic outlook for the Chinese economy this year, three China stocks, Weibo Corp (WB), Leju Holdings (LEJU), and Xunlei Limited (XNET), could be worth adding to your investment portfolio this year. Read more… Despite the lackluster post-COVID recovery in China that raised concerns about the sustainability of its remarkable growth over the decades, there is an expectation that China managed to achieve a <a href="https://www.reuters.com/markets/asia/can-china-get-its-economic-miracle-back-track-2024-2023-12-18/">growth rate of approximately 5%</a> for 2023, outperforming the global economy.
Given the resilient nature of the Chinese economy, investors could consider monitoring the shares of three sound Chinese companies, Weibo Corporation (<a href="https://stocknews.com/stock/WB/">WB</a>), Leju Holdings Limited (<a href="https://stocknews.com/stock/LEJU/">LEJU</a>), and Xunlei Limited (<a href="https://stocknews.com/stock/XNET/">XNET</a>). But before we dig deeper into the fundamentals of these stocks, let's briefly examine China's prevailing economic scenario.
As per the National Bureau of Statistics, China experienced a <a href="https://www.cnbc.com/2023/10/18/china-economy-q3-gdp.html">4.9% expansion in the third quarter of 2023</a> (ended September) compared to the same period in 2022, exceeding economists' projections of a 4.6% GDP growth. Additionally, there was a positive development in the unemployment rate, decreasing from 5.2% in the previous month to 5% in September 2023.
Furthermore, despite navigating a more complex external landscape and facing growing uncertainties, the world's second-largest economy was <a href="https://global.chinadaily.com.cn/a/202311/15/WS65540e96a31090682a5ee26f.html">anticipated to gain momentum in the fourth quarter</a> of 2023, building on the faster-than-expected expansion witnessed in the third quarter.
On top of it, the Economist Intelligence Unit projects that the foundational aspects of China's economy will experience further <a href="https://www.ecns.cn/news/cns-wire/2024-01-05/detail-ihcwmcqc0192999.shtml">strengthening this year</a>. Institutions like the U.S. Center for Strategic and International Studies affirm that China maintains strong exports in areas such as electric vehicle batteries, electronic products, and minerals, with several Chinese industries achieving global competitiveness.
Additionally, the International Monetary Fund (IMF) adjusted its 2024 <a href="https://www.reuters.com/world/china/imf-upgrades-chinas-2023-2024-gdp-growth-forecasts-2023-11-07/">GDP growth projection for China to 4.6%</a>, up from the earlier estimate of 4.2%. This upward revision came after China's approval of a CN¥1 trillion ($137 billion) sovereign bond issue and the decision to permit local governments to frontload a portion of their 2024 bond quotas aimed at providing economic support.
Overall, China's economic prospects for the current year continue to exhibit strength, supported by its competitive industries and the proactive measures implemented by the Chinese government to fortify and stimulate the economy.
That said, let's now dive deeper into the fundamentals of the featured <a href="https://stocknews.com/category/china/">China</a> stocks in detail, starting with the third choice:
Stock #3: Weibo Corporation (<a href="https://stocknews.com/stock/WB/">WB</a>)
Headquartered in Beijing, WB operates as a social media platform for people to create, distribute, and discover content. It operates in two segments: Advertising and Marketing Services; and Value-Added Services.
The stock's trailing-12-month net income margin of 23.01% is 592.4% higher than the 3.32% industry average. Its trailing-12-month levered FCF margin of 26.79% is 250.1% higher than the industry average of 7.65%. Furthermore, WB's trailing-12-month EBIT margin of 29.49% is 265.1% higher than the 8.08% industry average.
In terms of the forward EV/Sales ratio, WB's 1.22x is 33% lower than the industry average of 1.82x. Likewise, its forward EV/EBIT ratio of 4.59x is 70.4% lower than the 15.50x industry average. In addition, the stock's forward non-GAAP <a href="https://www.investopedia.com/terms/p/price-earningsratio.asp">P/E</a> ratio of 4.76x is 69.9% lower than the 15.82x industry average.
For the fiscal third quarter, which ended on September 30, 2023, WB's net revenues amounted to $440.24 million, while its income from operations rose 8.7% from the year-ago value to $133.99 million. Furthermore, the company's net income amounted to $84.17 million and $0.34 per share compared to a net loss of $16.91 million and $0.07 per share in the same period last year.
Analysts predict WB's revenue for the fourth quarter (ended December 2023) to increase 1.9% year-over-year to $456.49 million, while its EPS for the same period is expected to be $0.53. Moreover, the company has an excellent earnings surprise history, surpassing the EPS estimates in each of the trailing four quarters.
The stock has gained 3.8% over the past month to close the last trading session at $9.93.
WB's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this promising outlook. The stock has an overall B rating, translating to Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.  
It has an A grade for Value and a B grade for Quality. In the A-rated <a href="https://stocknews.com/category/china/">China</a> industry, it is ranked #23. <a href="https://stocknews.com/stock/WB/">Click here</a> to see WB's ratings for Growth, Momentum, Stability, and Sentiment. 
Stock #2: Leju Holdings Limited (<a href="https://stocknews.com/stock/LEJU/">LEJU</a>)
LEJU, headquartered in Beijing, provides online to offline (O2O) real estate services in China. It offers real estate e-commerce, online advertising, and online listing services through its online platform and various mobile applications.
On November 14, 2023, LEJU disclosed that its board of directors had sanctioned a share repurchase initiative. In accordance with this program, the Company is empowered to repurchase up to $2 million of its shares until November 13, 2024. The funds for the repurchase are expected to be derived from the company's existing cash balance.
LEJU's trailing-12-month gross profit margin of 91.86% is 38.3% higher than the 66.44% industry average. Its trailing-12-month cash per share of $7.30 is 967.3% higher than the industry average of $0.68. Furthermore, the stock's trailing-12-month asset turnover ratio of 1.36x is 954.3% higher than the 0.13x industry average.
In terms of the trailing-12-month Price/Sales ratio, LEJU's 0.07x is 98.6% lower than the industry average of 4.78x. Likewise, its trailing-12-month Price/Book multiple of 0.70 is 53.5% lower than the 1.50x industry average.
In the six-month period, which ended on June 30, 2023, LEJU's total net revenues amounted to $158.53 million. During the same period, the company's revenue from e-commerce and online advertising stood at $131.26 million and $27.27 million, respectively. Additionally, its total current liabilities came in at $133.66 million, declining 7.3% compared to $144.19 million as of December 31, 2022.
Furthermore, the company's EPS is anticipated to improve by 57.4% annually over the next five years.
LEJU's shares have soared 26.3% over the past three months and 5.1% over the past month to close the last trading session at $1.68.
It's no surprise that LEJU has an overall rating of B, which equates to Buy in our proprietary rating system. It has a B grade for Growth, Value, and Quality. In the same industry, it is ranked #22.  
In addition to the POWR Ratings we've stated above, we also have LEJU's ratings for Momentum, Stability, and Sentiment. Get all LEJU ratings <a href="https://stocknews.com/stock/LEJU/">here</a>.
Stock #1: Xunlei Limited (<a href="https://stocknews.com/stock/XNET/">XNET</a>)
Based in Shenzhen, XNET operates an Internet platform for digital media content in China. Its platform is based on cloud technology that enables users to access, store, manage, and consume digital media content.
The stock's trailing-12-month net income margin of 3.17% is 34.3% higher than the 2.36% industry average. Its trailing-12-month CAPEX/Sales of 3.90% is 65% higher than the industry average of 2.37%. Furthermore, XNET's trailing-12-month asset turnover ratio of 0.85x is 36.8% higher than the 0.62x industry average.
In terms of the trailing-12-month Price/Sales ratio, XNET's 0.27x is 90.9% lower than the industry average of 2.91x. Likewise, its trailing-12-month Price/Cash Flow multiple of 1.99 is 90.3% lower than the 20.56x industry average. Furthermore, the stock's trailing-12-month P/E ratio of 8.41x is 69.6% lower than the 27.66x industry average.
For the fiscal third quarter, which ended on September 30, 2023, XNET's net revenues amounted to $84.24 million, while its gross profit rose 6.6% from the year-ago value to $37.54 million.
During the same quarter, the company's non-GAAP net income and non-GAAP earnings per ADS came in at $5.47 million and $0.07, respectively. Also, its total assets stood at $465.71 million, increasing marginally compared to $463.32 million as of December 31, 2022.
Moreover, XNET's EPS is projected to improve by 19% per annum over the next five years.
Over the past month, XNET's shares have surged 3.3% to close the last trading session at $1.56.
XNET's strong fundamentals are reflected in its POWR Ratings. It has an overall rating of B, which equates to a Buy in our proprietary rating system.
It has an A grade for Value and a B for Sentiment. Within the same A-rated industry, it is ranked #20. <a href="https://stocknews.com/stock/XNET/">Click here</a> to see the other ratings of XNET for Growth, Momentum, Stability, and Quality.
What To Do Next?
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<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
WB shares were trading at $9.58 per share on Tuesday afternoon, down $0.35 (-3.52%). Year-to-date, WB has declined -12.51%, versus a -0.20% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Anushka Mukherjee</h2> <img src='https:/wp-content/uploads/2023/06/Anushka-Mukherjee_Headshot-2.jpg' style="float:left; padding:5px;width:125px;">Anushka's ultimate aim is to equip investors with essential knowledge that empowers them to make well-informed investment choices and attain sustained financial prosperity in the long run.<a href="https://stocknews.com/authors/?author=anushka-mukherjee">More...</a>The post <a href=https://stocknews.com/news/wb-xnet-leju-3-china-stocks-to-add-to-your-2024-portfolio/>3 China Stocks to Add to Your 2024 Portfolio</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 China Stocks to Add to Your 2024 Portfolio

Despite facing several challenges over the past few years, the Chinese stock market looks well-positioned to perform well. The Chinese government and securities regulator have taken several corrective steps to boost the economy and the securities market. Given this backdrop, investors could consider buying fundamentally strong Chinese stocks Xunlei (XNET), Youdao (DAO), and Tuniu (TOUR). Keep reading… The Chinese stock market's troubles over the past few years are well-known. However, the Chinese government is undertaking several corrective measures to not only boost its economy but also to stabilize its struggling stock market.
Amid this backdrop, investors could consider buying fundamentally strong Chinese stocks Xunlei Limited (<a href="https://stocknews.com/stock/XNET/">XNET</a>), Youdao, Inc. (<a href="https://stocknews.com/stock/DAO/">DAO</a>), and Tuniu Corporation (<a href="https://stocknews.com/stock/TOUR/">TOUR</a>).
Before diving deeper into the fundamentals of these Chinese stocks, let's discuss what's taking place in China's stock market and which factors are expected to shape its prospects.
The past few years have been difficult for the Chinese stock market as about $6 trillion has been wiped off the value of Chinese and Hong Kong stocks. The Shanghai Composite Index has declined 8% over the past year, and the Hang Seng Index has fallen 16.4% during the same period. The MSCI Emerging Markets rose 10.3% last year, compared to the <a href="https://www.msci.com/documents/10199/aa99c3a4-d48b-44ac-8caa-49522caa9021">MSCI China Index decline of 11%</a>.
The downfall of Chinese stocks over the past few years has been due to factors like subdued consumption, frequent lockdowns to prevent the spread of Covid, a real estate downturn, deflation, record youth unemployment, <a href="https://edition.cnn.com/2024/01/17/economy/china-population-gdp-decline-2023/index.html">declining birth rates</a>, and policies that led to a crackdown on private enterprises and Big Tech.
However, the Shanghai Composite Index has recently climbed above the <a href="https://www.forexlive.com/news/shanghai-composite-index-rises-above-the-3000-point-mark-20240223/">3,000 mark</a> due to renewed investor optimism following the corrective steps taken by the government and relevant authorities to shore up the economy and the stock market. In a cabinet meeting led by Premier Li Qiang, officials were urged to ramp up <a href="https://edition.cnn.com/2024/01/24/business/china-foreign-investors-market-rout-intl-hnk/index.html">medium and long-term fund injections in the capital market</a> to bolster market confidence.
Also, China's securities regulators have <a href="https://www.reuters.com/markets/asia/chinas-exchanges-restrict-stock-selling-by-some-hedge-funds-2024-02-06/">curbed short-selling</a> in its stock index futures market and have restricted net selling by mutual fund managers in an effort to stabilize the stock market. This has led to a significant reduction in the volume of shorted stocks, reaching the lowest levels in more than <a href="https://www.scmp.com/business/china-business/article/3251361/chinas-short-selling-activity-slumps-3-year-low-after-regulator-imposes-curbs-bolster-us83-trillion">three years</a>.
Furthermore, Chinese policymakers have been reported to be considering injecting about <a href="https://www.reuters.com/markets/asia/china-weighs-stock-market-rescue-package-backed-by-278-bln-bloomberg-news-2024-01-23/">2 trillion yuan ($278.03 billion)</a> to stabilize its stock market by using the offshore accounts of Chinese state-owned enterprises. They have also put aside <a href="https://www.cnbc.com/2024/01/23/china-reportedly-weighs-measures-to-support-stock-markets-could-mobilize-278-billion-.html">¥300 billion ($41.70 billion)</a> of local funds that would be utilized to invest in onshore shares through state-owned financial firms China Securities Finance Corp. or Central Huijin Investment Ltd.
The People's Bank of China (PBoC) cut the reserve requirement ratio by 50 basis points on February 5, helping aid liquidity in the economy. The reduction would provide <a href="https://www.reuters.com/world/china/china-will-cut-banks-reserve-ratio-next-month-bolster-economic-recovery-2024-01-24/">one trillion yuan ($140.96 billion) in long-term liquidity</a>, spurring economic growth. Also, the PBOC announced a record cut to a critical mortgage reference rate in order to support its ailing property sector.
The central bank would cut its five-year loan prime rate (LPR) from <a href="https://www.centralbanking.com/central-banks/monetary-policy/7960852/china-makes-record-cut-to-mortgage-reference-rate">4.2% to 3.95%</a>, providing a boost to economic activity in the nation. Financial News said, "Lowering the five-year LPR will help <a href="https://www.cnbc.com/2024/02/19/chinas-central-bank-leaves-key-policy-rate-unchanged-under-shadow-of-the-federal-reserve.html">stabilize confidence</a>, promote investment and consumption, and also help support the stable and healthy developments of the real estate market."
Furthermore, the PBoC kept the rate on ¥500 billion ($69.51 billion) worth of one-year medium-term lending facility (MLF) unchanged at <a href="https://www.chinadaily.com.cn/a/202402/18/WS65d1a736a31041d387d6e19e.html">2.50%</a>, in line with economists' expectations. Investors were also rejoicing at the release of recent economic data, which showed that more than 61 million rail journeys were undertaken during the week-long Lunar New Year break, a 61% increase over the prior year and the most in five years.
Domestic tourism showed signs of solid recovery as spending rose 47.3% year-over-year to <a href="https://www.cnbc.com/2024/02/19/china-lunar-new-year-holiday-travel-spending-surpasses-pre-covid-levels.html">¥632.70 billion ($87.96 billion)</a>. Also, nearly 474 million tourist trips were made during the Lunar New Year break, a 34.3% rise year-over-year. More recently, the Chinese securities regulators have <a href="https://markets.businessinsider.com/news/stocks/china-stock-market-crash-rescue-plan-ban-selling-support-measures-2024-2">prohibited major institutional investors</a> from reducing equity holdings at the open and close during trading days.
Considering this favorable backdrop, let's assess the fundamentals of the three best <a href="https://stocknews.com/category/china/">China</a> stock picks, beginning with the third choice.
Stock #3: Xunlei Limited (<a href="https://stocknews.com/stock/XNET/">XNET</a>)
Based in Shenzhen, XNET operates an Internet platform for digital media content in China. Its platform is based on cloud technology that enables users to access, store, manage, and consume digital media content.
In terms of trailing-12-month GAAP P/E, XNET's 8.01x is 72.6% lower than the 29.18x industry average. Its 0.25x trailing-12-month <a href="https://www.investopedia.com/terms/p/price-to-salesratio.asp">Price/Sales</a> is 91.3% lower than the 2.93x industry average.
XNET's revenues, net of rebates and discounts, for the third quarter ended September 30, 2023, came in at $84.24 million. Its gross profit rose 6.6% year-over-year to $37.54 million. The company's non-GAAP net income stood at $5.47 million. Also, its non-GAAP earnings per ADS came in at $0.0835.
Over the past month, the stock has declined 1.3% to close the last trading session at $1.49.
XNET's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect solid prospects. It has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
It is ranked #15 out of 41 stocks in the <a href="https://stocknews.com/category/china/">China</a> industry. It has an A grade for Value and a B for Sentiment. <a href="https://stocknews.com/stock/XNET/">Click here</a> to see XNET's additional ratings for Growth, Momentum, Stability, and Quality.
Stock #2: Youdao, Inc. (<a href="https://stocknews.com/stock/DAO/">DAO</a>)
Headquartered in Hangzhou, China, DAO is an internet technology company that provides online services in the field of content, community, communication, and commerce in China. It operates through three segments: Learning Services, Smart Devices, and Online Marketing Services. It offers online knowledge tools, learning services, STEAM courses, smart devices, education digitalization, and online marketing services.
In terms of forward EV/Sales, DAO's 0.90x is 27.7% lower than the 1.25x industry average. Its 0.68x forward Price/Sales is 26.1% lower than the 0.91x industry average.
For the fiscal third quarter ended September 30, 2023, DAO's total net revenues rose 9.7% year-over-year to RMB1.54 billion ($214.08 million). Its gross profit increased 13.1% over the prior-year quarter to RMB859.64 million ($119.50 million). The company's total gross margin stood at 55.9%, compared to 54.2% in the prior year quarter.
Also, its non-GAAP net loss from continuing operations attributable to ordinary shareholders of the company narrowed 59.1% year-over-year to RMB67.25 million ($9.35 million). Also, its non-GAAP net loss from continuing operations per ADS narrowed 58.6% year-over-year to RMB0.55.
Analysts expect DAO's revenue for the quarter ending March 31, 2024, to increase 13% year-over-year to $185.81 million. Over the past month, the stock has gained 30.8% to close the last trading session at $4.08.
DAO's POWR Ratings reflect this positive outlook. It has an overall rating of B, equating to a Buy in our proprietary rating system.
It is ranked #11 in the same industry. It has a B grade for Growth and Value. To see the additional ratings of DAO for Momentum, Stability, Sentiment, and Quality, <a href="https://stocknews.com/stock/DAO/">click here</a>.
Stock #1: Tuniu Corporation (<a href="https://stocknews.com/stock/TOUR/">TOUR</a>)
Headquartered in Nanjing, the People's Republic of China, TOUR operates as an online leisure travel company. The company offers various packaged tours, including organized and self-guided tours, and other travel-related services, such as tourist attraction tickets, visa application services, accommodation reservations, financial services, and hotel booking services, as well as air, train, and bus ticketing for leisure travelers.
In terms of forward Price/Book, TOUR's 0.53x is 79.5% lower than the 2.60x industry average. Its 17.55x forward GAAP P/E is 4.5% lower than the 16.80x industry average.
TOUR's net revenues for the quarter ended September 30, 2023, increased 128.9% year-over-year to RMB178.19 million ($24.77 million). Its gross profit rose 154.9% over the prior-year quarter to RMB114.77 million ($15.96 million).
The company's non-GAAP net income attributable to ordinary shareholders stood at RMB45.79 million ($6.37 million), compared to its non-GAAP net loss attributable to ordinary shareholders of RMB20.12 million ($2.80 million) in the prior-year quarter.
For fiscal 2025, TOUR's EPS and revenue are expected to increase 92.9% and 40.3% year-over-year to $0.08 and $84.97 million, respectively. Over the past month, the stock has gained 9.3% to close the last trading session at $0.69.
TOUR's strong fundamentals are reflected in its POWR Ratings. It has an overall rating of B, which translates to a Buy in our proprietary rating system.
It is ranked #6 in the China industry. It has an A grade for Sentiment and a B for Growth, Value, and Quality. <a href="https://stocknews.com/stock/TOUR/">Click here</a> to see the other ratings of TOUR for Momentum and Stability.
What To Do Next?
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<hr />
DAO shares were unchanged in premarket trading Friday. Year-to-date, DAO has gained 3.55%, versus a 7.00% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Dipanjan Banchur</h2> <img src='https:/wp-content/uploads/2021/11/Dipanjan-Banchur_headshots_3.jpg' style="float:left; padding:5px;width:125px;">Since he was in grade school, Dipanjan was interested in the stock market. This led to him obtaining a master's degree in Finance and Accounting. Currently, as an investment analyst and financial journalist, Dipanjan has a strong interest in reading and analyzing emerging trends in financial markets.<a href="https://stocknews.com/authors/?author=dipanjan-banchur">More...</a>The post <a href=https://stocknews.com/news/dao-xnet-tour-3-trending-china-stocks-to-consider/>3 Trending China Stocks to Consider</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Trending China Stocks to Consider

Notable earnings before Thursday's open

Xunlei GAAP EPADS of $0.06, revenue of $77.1M; initiates Q1 guidance

Xunlei Limited (XNET) Q4 2023 Earnings Call Transcript

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Many investors dream of getting in early on the next big tech startup that will turn into a behemoth like Google (NASDAQ:<a href="https://investorplace.com/stock-quotes/goog-stock-quote/">GOOG</a>, NASDAQ:<a href="https://investorplace.com/stock-quotes/googl-stock-quote/">GOOGL</a>) or Amazon (NASDAQ:<a href="https://investorplace.com/stock-quotes/amzn-stock-quote/">AMZN</a>). Finding and investing in the next unicorn company while it is still in its infancy would lead to almost unfathomable returns. However, picking winners is easier said than done. For every Google or Facebook, thousands of failed startups and <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a> never amount to much. It&rsquo;s like trying to find the proverbial needle in a haystack.



While it may be next to impossible to predict which fledgling tech companies will become the next Google, that doesn&rsquo;t mean you can&rsquo;t generate substantial returns from investing in tech penny stocks. The key is being selective and sticking with quality companies that have a big growth runway and a viable path to profitability. Many of today&rsquo;s tech giants were once small, speculative <a href="https://investorplace.com/industries/technology/">tech stocks</a>. Buying these penny tech stocks in their early days can pay off in a big way over the long run.



<h2>Penny Tech Stocks: CI&amp;T Inc. (CINT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/04/ai-stocks1600-7-300x169.png" alt="AI Artificial Intelligence. Businessman using AI technology for data analysis, coding computer language with digital brain, machine learning on virtual screen, business intelligence. AI stocks"><div>Source: Tapati Rinchumrus / Shutterstock.com</div></div>CI&amp;T (NYSE:<a href="https://investorplace.com/stock-quotes/cint-stock-quote/">CINT</a>) is an AI-powered digital products company that I believe could deliver multibagger returns from its current cheap valuation. In addition to AI, the company is involved in other hot growth sectors like cloud services. The stock has been consolidating sideways for the past couple of months but appears to be bottoming out. I expect shares to start cruising higher again soon on the back of robust growth and expanding margins.



The consensus earnings estimates for CI&amp;T paint quite a bullish growth picture. EPS is projected to skyrocket from 28 cents in fiscal 2024 <a href="https://seekingalpha.com/symbol/CINT/earnings/estimates">to $1.10 in 2027</a>. Not too shabby! On the top line, revenues are forecast to more than double from $448 million to $932 million over that same period.



You&rsquo;re paying just 4.1 times 2027 earnings. Once sentiment shifts back in favor of growth, this stock could be off to the races.



<h2>WidePoint Corporation (WYY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/code-keyhole-cybersecurity-300x169.png" alt="An image of a keyhole shape filled with computer code; cybersecurity; cyber stocks"><div>Source: SWEviL / Shutterstock</div></div>WidePoint (NYSEMKT:<a href="https://investorplace.com/stock-quotes/wyy-stock-quote/">WYY</a>) is a tiny technology management service provider catering to government and business clients across North America and Europe. The company&rsquo;s Trusted Mobility Management (TM2) solutions combine telecom lifecycle management, bill analytics, and mobile identity management. In a nutshell, they help secure and protect mobile workforces and enterprise IT environments.



WidePoint is highly speculative given its minuscule $19 million market cap. Shares doubled from November 2023 through January 2024 but have slid since then. However, the valuation still looks cheap to me, so I wouldn&rsquo;t be surprised to see the stock quickly reverse course and head higher again.



The main thing WidePoint has going for it is a customer base that includes the U.S. government. From my experience, once you&rsquo;re in with the feds, that recurring revenue tends to be very sticky. However, with such a small company, be prepared for some violent stock swings in both directions. This is not a stock for the faint of heart, but more speculative investors may find the risk/reward intriguing.



<h2>Penny Tech Stocks: CuriosityStream Inc. (CURI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/02/streaming-music-stocks-300x169.jpg" alt="Image of a person pressing a button on a laptop and a holographic projection of a music player appearing to represent streaming stocks"><div>Source: Shutterstock</div></div>CuriosityStream (NASDAQ:<a href="https://investorplace.com/stock-quotes/curi-stock-quote/">CURI</a>) is a subscription video streaming service specializing in documentaries and other factual content like science, history, and nature programming. I view it as a differentiated player in the crowded streaming wars. As digital media consumption continues rising, I believe CuriosityStream is well-positioned to benefit from its unique content catalog sourced from some top documentary creators.



Many of these content creators have huge followings on platforms like YouTube but also produce exclusive material for CuriosityStream. As the company&rsquo;s content library expands, I expect its brand equity and subscriber base to grow in tandem. CuriosityStream is still unprofitable, but that may change in the not-so-distant future.



Consensus estimates show CuriosityStream&rsquo;s net losses narrowing over the next few years before reaching <a href="https://seekingalpha.com/symbol/CURI/earnings/estimates">breakeven in 2026</a> with EPS of 5 cents. At the same time, revenue growth is expected to accelerate to nearly 15% that year. Rising revenues combined with drastically improving margins suggest profitability is on the horizon. If CuriosityStream can scale its subscriber base and content portfolio while keeping costs contained, it could be one of the top gainers among penny tech stocks.



<h2>Rimini Street (RMNI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/software1600e-300x169.jpg" alt="An image of a laptop, tablet, and phone with various software and tech imagery on their screens"><div>Source: Shutterstock</div></div>Rimini Street (NASDAQ:<a href="https://investorplace.com/stock-quotes/rmni-stock-quote/">RMNI</a>) provides third-party support for mission-critical enterprise software platforms like Oracle and SAP. They help organizations run, manage, and maintain these systems even after official vendor support ends. Rimini&rsquo;s services save clients money and ensure smooth operations of their IT infrastructure.



RMNI&rsquo;s chart looks quite ugly when you zoom out over just the past year. Recent performance hasn&rsquo;t been stellar either. However, I believe shares can stage a significant recovery from current levels as the company&rsquo;s financials improve. Moreover, the stock trades at a dirt cheap 6 times forward earnings. You&rsquo;d be hard-pressed to find many other profitable companies with a big growth runway trading this cheaply.



The earnings estimates for Rimini Street suggest a period of steady growth and profitability improvement ahead. EPS is forecasted to increase from 45 cents in 2024 <a href="https://seekingalpha.com/symbol/RMNI/earnings/estimates">to 58 cents in 2025</a>, up 30% year-over-year (YOY). Revenues are also projected to reach $471 million in 2025 from $436 million in 2024.



Another thing I like about Rimini is the stock has seen negligible dilution thanks to profits picking up after a temporary downturn in 2022. Management isn&rsquo;t relying on endless share issuances to fund the business. This should provide a nice tailwind in the years ahead.



<h2>Penny Tech Stocks: Xunlei Limited (XNET)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/cloud1600-300x169.jpg" alt="an image of a cloud imprinted on a circuit board lit up by blue circuit lights"><div>Source: Shutterstock</div></div>Xunlei Limited (NASDAQ:<a href="https://investorplace.com/stock-quotes/xnet-stock-quote/">XNET</a>) operates an internet platform in China, leveraging cloud technology. The company focuses on shared cloud computing and blockchain technology to provide solutions for digital content.



XNET stock has been trading sideways for the past two years. But I believe a breakout could happen soon as the company&rsquo;s financials continue growing significantly and it focuses more on higher-margin cloud-based services. One thing that really stands out to me is Xunlei&rsquo;s massive cash position of $272 million. That&rsquo;s nearly triple the company&rsquo;s entire market cap of just $98 million!



Xunlei also heavily invests in R&amp;D, which could pay off big time if it can become a tech powerhouse in the future. Regardless of the R&amp;D potential though, I find XNET shares to be extremely undervalued right now. This is a profitable tech company with a huge runway for growth, yet it trades at a measly 7 times trailing earnings. In my view, the stock is a coiled spring ready to deliver multibagger returns going forward.



<h2>TrueCar (TRUE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/car-shopping-cart-300x169.png" alt="An image of a car in a shopping cart"><div>Source: TAAE / Shutterstock</div></div>TrueCar (NASDAQ:<a href="https://investorplace.com/stock-quotes/true-stock-quote/">TRUE</a>) is a digital automotive marketplace aiming to be the most transparent brand in the industry. It empowers car buyers by showing them what others paid for the vehicle they want, helping them recognize a fair price. TrueCar connects these consumers to certified dealers, facilitating a personalized and efficient car buying experience.



Like other <a href="https://investorplace.com/industries/consumer-discretionary/automotive/">automotive stocks</a>, TrueCar hasn&rsquo;t fared too well recently as rising interest rates caused people to cut back on big-ticket purchases like cars. However, this trend is starting to change as rates stabilize and consumers adjust to the new normal. TRUE stock has been rangebound between $3 to $5 for most of the past five years. But I believe it could soon break out to the upside as the company&rsquo;s top and bottom lines begin turning around.



The earnings estimates for TrueCar indicate a gradual return to profitability over the next several years. While a small <a href="https://seekingalpha.com/symbol/TRUE/earnings/estimates">loss of 4 cents per share</a> is projected for 2024, earnings are expected to flip to positive in 2025 and grow steadily from there, reaching 35 cents per share in 2029. Revenue growth is also forecasted to be robust, with double-digit increases each year, hitting $317 million by 2029 from $183 million in 2024.



The improving fundamentals make it unlikely TRUE shares remain stuck in their current range as the core business rapidly grows. The stars are aligning for this automotive marketplace to shift into a higher gear.



<h2>Blend Labs (BLND)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/fintech-banking-300x169.png" alt="An image of a cellphone with a bank on top, surrounded by people and piles of money, a credit card and calculator. fintech stocks"><div>Source: fatmawati achmad zaenuri/Shutterstock</div></div>Blend Labs (NYSE:<a href="https://investorplace.com/stock-quotes/blnd-stock-quote/">BLND</a>) provides a cloud-based software platform for financial services firms in the U.S. It operates two main segments: Blend Platform and Title365. The Blend Builder Platform offers products powering digital-first consumer journeys for mortgages, home equity loans, vehicle loans, and more. The company also provides title search procedures and other professional services.



BLND stock has struggled mightily the past few years, down a staggering 85% over the past five. But shares have shown signs of life recently, skyrocketing 254% in the past year alone as Blend&rsquo;s consumer banking segment picks up steam. I expect the strong performance to continue long-term as well.



As I touched on earlier, elevated interest rates caused many folks to delay borrowing money for major purchases. This weighed on Blend&rsquo;s business since it meant fewer customers taking out loans. However, the Fed is widely expected to cut rates three times this year. Once that process begins, borrowing activity should pick up considerably, boosting Blend&rsquo;s top and bottom lines.



The company is <a href="https://seekingalpha.com/symbol/BLND/earnings/estimates">forecast to turn profitable in 2026</a>, with revenue growth accelerating to around 30% annually. Perhaps more exciting, significant margin expansion could be in the cards as Blend&rsquo;s automation and AI initiatives start bearing fruit. If management can execute, I wouldn&rsquo;t be surprised to see the stock deliver triple-digit returns in the coming years.



On the date of publication, Omor Ibne Ehsan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a>
<div>Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on <a href="https://www.linkedin.com/in/omor-ibne-ehsan-56068022b/">LinkedIn</a>.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/looking-for-the-next-google-buy-these-7-tech-penny-stocks/">Looking for the Next Google? Buy These 7 Tech Penny Stocks</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.