8x8, 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. Through a combination of open application program interface (API) and pre-built integrations, its solutions leverage critical customer context from internal data systems and customer relationship management (CRM) systems. Its software product, branded as 8x8 Virtual Office, delivers voice as a service across the world. 8x8 Virtual Office enables a customer to use a single business phone number to place and receive calls from any supported device. It provides software to enable a multi-channel contact center under the 8x8 Virtual Contact Center brand. Its Virtual Office Meetings software solution is a tool for teams within the enterprise to meet and collaborate on a shared project.
Industry, Sector and Symbol:
- Sector: Computer and Technology
- Industry: Diversified Communication Services
- Sub-Industry: Alternative Carriers
- Exchange: NASDAQ
- Symbol: EGHT
- CUSIP: 28291410
- Previous Close: $15.00
- 50 Day Moving Average: $15.34
- 200 Day Moving Average: $14.54
- 52-Week Range: $90,932,000.00 - $9.01
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 57.69
- P/E Growth: 2.41
- Market Cap: $1364.00B
- Outstanding Shares: 90,932,000
- Beta: 0.5
- Net Margins: -1.19%
- Return on Equity: 1.85%
- Return on Assets: 1.62%
Companies Related to 8x8:
- Current Ratio: 5.00%
- Quick Ratio: 4.99%
What is 8x8's stock symbol?
8x8 trades on the NASDAQ under the ticker symbol "EGHT."
Where is 8x8's stock going? Where will 8x8's stock price be in 2017?
10 brokerages have issued 1-year target prices for 8x8's stock. Their forecasts range from $14.00 to $18.00. On average, they expect 8x8's share price to reach $16.86 in the next twelve months.
When will 8x8 announce their earnings?
8x8 is scheduled to release their next quarterly earnings announcement on Wednesday, May, 17th 2017.
What are analysts saying about 8x8 stock?
Here are some recent quotes from research analysts about 8x8 stock:
According to Zacks Investment Research, "8X8, Inc. (formerly Netergy Networks Inc.), and its two subsidiaries, Netergy Microelectronics and Centile, Inc., are providers of IP-based services, service creation environment and delivery tools, and embedded network appliance technology to help communication service providers and telecommunication equipment manufacturers succeed in the New Telecom Landscape, where voice, data and video converge into an ubiquitous IP network. " (1/31/2017)
- Needham & Company LLC analysts commented, "We continue to like EGHT's position as a pure-play, onestop UCaaS/CCaaS/Analytics player, shifting toward the higher-ARPU, lower-churn mid-market/enterprise and building out a global footrprint. In its F3Q17, EGHT delivered strong Service revenue growth and bottom line upside reflecting strong underlying business momentum and success in its mid-market push. We think the broadening of the company's portfolio with class leading, cloud-based products, and the buildout of a global service delivery and support platform provides the company with a compelling growth opportunity, enhanced by the recent challenges of erstwhile industry leader Avaya. We maintain our Buy rating while bumping up our PT to $18 (was $17), or 4.6x EV/C2018 as we initiate our F19 estimates and shift out our base year" (1/26/2017)
William Blair analysts commented, "Expecting Strong Quarter With Additional "Whale" Enterprise Deals; Reiterate Outperform Summary: Our industry surveys point to another strong performance for the company in the March quarter with high likelihood of at least one of the large enterprise "whale" deals (potentially representing several thousands of seats and well over $100,000 of monthly recurring revenue) to be revealed by the company on its earnings call (expected in late May due to year-end closing). The company landed no such deals during the December quarter after disclosing three "whale" deals in the second quarter and noting of 10 such deals in the pipeline at the start of the fiscal year. Moreover, our meeting with management during Enterprise Connect in early March left a very positive impression on the story—despite the longer-term threat from Microsoft (MSFT $55.43) and Cisco (CSCO $28.14; Outperform) as set forth in our note published on March 21, "UCaaS: The State of the Industry (2016 Edition)—The Battle for Third Place," which corroborates our most recent field findings. 8×8 continues to win in the marketplace as it has the deepest integration of any UCaaS suite on the market (voice, video, contact center, and analytics— all in one application) and is farthest along in midmarket/enterprise with 50% of service revenue coming from that segment." (4/6/2016)
Who owns 8x8 stock?
8x8's stock is owned by many different of institutional and retail investors. Top institutional investors include State Street Corp (2.16%), Renaissance Technologies LLC (1.87%), Alyeska Investment Group L.P. (0.87%), Russell Investments Group Ltd. (0.70%), Castleark Management LLC (0.64%) and Herald Investment Management Ltd (0.30%). Company insiders that own 8x8 stock include Bryan R Martin and Eric Salzman.
Who sold 8x8 stock? Who is selling 8x8 stock?
8x8's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Allianz Asset Management AG, Renaissance Technologies LLC, Two Sigma Investments LP, Guggenheim Capital LLC, Herald Investment Management Ltd, Castleark Management LLC and AQR Capital Management LLC. Company insiders that have sold 8x8 stock in the last year include Bryan R Martin and Eric Salzman.
Who bought 8x8 stock? Who is buying 8x8 stock?
8x8's stock was acquired by a variety of institutional investors in the last quarter, including Alyeska Investment Group L.P., Russell Investments Group Ltd., State Street Corp, A.R.T. Advisors LLC, Axiom International Investors LLC DE, Oxford Asset Management, GSA Capital Partners LLP and Royce & Associates LP.
How do I buy 8x8 stock?
Shares of 8x8 can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of 8x8 stock cost?
One share of 8x8 stock can currently be purchased for approximately $15.00.