Is Edgio, Inc. overvalued or undervalued?

As of 17 July 2019, Edgio, Inc. has moved from an expensive to a risky valuation grade. The company is currently considered undervalued, given its P/E ratio of 0.00, which starkly contrasts with peer EverQuote, Inc., which boasts a P/E of 19.50, indicating a significant disparity in market perception. Additionally, Edgio's EV to EBITDA stands at -1.59, further highlighting its financial challenges compared to peers like eGain Corp., which has an EV to EBITDA of 18.91.
Notably, Edgio's ROCE and ROE are concerning at -44.54% and -79.41%, respectively, suggesting operational inefficiencies and poor returns on equity. The overall peer comparison indicates that while Edgio is classified as risky, several peers are performing significantly better, reinforcing the notion that Edgio is undervalued in the current market context.