Wells Fargo Sticks to Its Sell Rating for 8X8 (EGHT)
TipRanks (Sat, 23-Mar 10:37 AM ET)
8x8 Receives Multiple Awards for Continued Innovation
Business Wire (Tue, 19-Mar 9:00 AM ET)
King Power Corporation Drives Operational Cost Reduction and Enhanced Customer Experiences with 8x8
Business Wire (Tue, 5-Mar 8:00 PM ET)
8x8, Inc. Announces Participation in Upcoming Investor Events
Business Wire (Thu, 29-Feb 4:38 PM ET)
8x8 Launches 8x8 Engage to Bridge Customer Experience Journey Gaps Across an Organization
Business Wire (Thu, 29-Feb 9:00 AM ET)
Business Wire (Wed, 28-Feb 9:00 AM ET)
8x8, Inc. Issues New Employee Inducement Grants
Business Wire (Tue, 20-Feb 4:05 PM ET)
PRNewswire (Mon, 5-Feb 8:45 AM ET)
8x8, Inc. Reports Third Quarter Fiscal 2024 Financial Results
Business Wire (Wed, 31-Jan 4:05 PM ET)
8x8 Inc provides contact-center-as-a-service and unified-communications-as-a-service software applications to approximately 2.5 million users. The company's unified platform enables omnichannel communication to assist employees in communicating across voice, video, text, chat, and contact centers. Geographically, it derives a majority of revenue from the United States.
8X8 trades on the NASDAQ stock market under the symbol EGHT.
As of March 28, 2024, EGHT stock price declined to $2.70 with 640,640 million shares trading.
EGHT has a beta of 2.58, meaning it tends to be more sensitive to market movements. EGHT has a correlation of 0.16 to the broad based SPY ETF.
EGHT has a market cap of $314.18 million. This is considered a Small Cap stock.
Last quarter 8X8 reported $181 million in Revenue and $.12 earnings per share. This fell short of revenue expectation by $-2 million and exceeded earnings estimates by $.02.
In the last 3 years, EGHT stock traded as high as $35.25 and as low as $2.15.
The top ETF exchange traded funds that EGHT belongs to (by Net Assets): VTI, IWM, VGT, VXF, KOMP.
EGHT has underperformed the market in the last year with a price return of -33.5% while the SPY ETF gained +33.6%. EGHT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -28.4% and -4.1%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
EGHT support price is $2.63 and resistance is $2.85 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EGHT stock will trade within this expected range on the day.