XNET earnings call for the period ending .
News & Analysis: Xunlei
Xunlei's cloud business is evaporating, and it's not clear what's next for the company.
Has the cloud and blockchain services company gotten its groove back?
Revenue is falling off a cliff.
XNET earnings call for the period ending December 31, 2018.
With its cryptocurrency ambitions abandoned and its cloud business evaporating, things look bleak for Xunlei.
After climbing nearly 300% in 2017, Xunlei stock is down roughly 70% this year -- and its cloud business appears to be evaporating.
Xunlei closed the door on its cryptocurrency last month, and the stock is now down nearly 60% year to date.
XNET earnings call for the period ending June 30, 2018.
The cloud and blockchain company's stock is still up roughly 265% over the past year despite big selloffs in 2018.