8×8 Inc. (EGHT) Trading Down 0.5%
8×8 Inc. (NASDAQ:EGHT) was down 0.5% during trading on Monday . The stock traded as low as $13.17 and last traded at $13.25, with a volume of 142,989 shares. The stock had previously closed at $13.32.
Several equities research analysts have commented on EGHT shares. Dougherty & Co boosted their target price on 8×8 from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, July 19th. Summit Redstone reissued a “buy” rating and issued a $17.00 target price on shares of 8×8 in a report on Thursday, June 30th. Needham & Company LLC started coverage on 8×8 in a report on Friday, June 3rd. They issued a “buy” rating and a $15.00 target price on the stock. Zacks Investment Research downgraded 8×8 from a “hold” rating to a “sell” rating in a report on Thursday, July 28th. Finally, Robert W. Baird started coverage on 8×8 in a research note on Thursday. They issued a “neutral” rating and a $15.00 price target for the company. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $14.46.
The stock’s market capitalization is $1.18 billion. The company’s 50 day moving average price is $14.06 and its 200-day moving average price is $12.40.
8×8 (NASDAQ:EGHT) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.03 by $0.03. The firm had revenue of $60 million for the quarter, compared to analysts’ expectations of $57.97 million. On average, equities analysts forecast that 8×8 Inc. will post $0.20 EPS for the current year.
8×8, Inc provides cloud-based, enterprise-class software solutions. The Company’s solutions are delivered through Software as a Service (SaaS) business model. Its segments include Americas and Europe. Its software platform brings together cloud, mobile, collaboration, video and data science technologies.
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