8X8 (EGHT) Earns Daily Coverage Optimism Score of 0.22

Press coverage about 8X8 (NASDAQ:EGHT) has been trending somewhat positive on Saturday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. 8X8 earned a news impact score of 0.22 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 46.1662366772304 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Several research analysts have recently issued reports on EGHT shares. Zacks Investment Research lowered 8X8 from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. B. Riley reaffirmed a “hold” rating and set a $14.00 price objective on shares of 8X8 in a research report on Tuesday, October 24th. William Blair reaffirmed a “hold” rating on shares of 8X8 in a research report on Friday, November 17th. Robert W. Baird reissued a “buy” rating and issued a $17.00 target price on shares of 8X8 in a report on Friday, November 17th. Finally, Summit Redstone lowered 8X8 from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. 8X8 currently has an average rating of “Buy” and an average target price of $17.30.

8X8 (NASDAQ EGHT) traded up $0.30 during midday trading on Friday, reaching $15.25. The company had a trading volume of 930,066 shares, compared to its average volume of 650,501. 8X8 has a 12 month low of $10.30 and a 12 month high of $16.80. The stock has a market capitalization of $1,400.00, a P/E ratio of -190.63 and a beta of 0.37.

8X8 (NASDAQ:EGHT) last announced its quarterly earnings data on Thursday, October 26th. The technology company reported $0.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.01. 8X8 had a positive return on equity of 0.03% and a negative net margin of 2.56%. The business had revenue of $72.48 million for the quarter, compared to the consensus estimate of $71.65 million. During the same period in the previous year, the business earned $0.06 earnings per share. The business’s revenue was up 14.7% on a year-over-year basis. research analysts anticipate that 8X8 will post -0.12 EPS for the current year.

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About 8X8

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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