Somewhat Favorable News Coverage Somewhat Unlikely to Impact 8X8 (EGHT) Stock Price

Headlines about 8X8 (NASDAQ:EGHT) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, 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 media headlines about the technology company an impact score of 45.9463143396386 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

EGHT has been the topic of several recent analyst reports. Robert W. Baird reiterated a “buy” rating and issued a $17.00 target price on shares of 8X8 in a report on Friday, November 17th. William Blair reiterated a “hold” rating on shares of 8X8 in a report on Friday, November 17th. Summit Redstone downgraded shares of 8X8 from a “buy” rating to a “hold” rating in a report on Friday, October 27th. B. Riley reiterated a “hold” rating and issued a $14.00 target price on shares of 8X8 in a report on Tuesday, October 24th. Finally, Zacks Investment Research upgraded shares of 8X8 from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $17.30.

8X8 (NASDAQ:EGHT) opened at $15.25 on Friday. 8X8 has a twelve month low of $10.30 and a twelve month high of $16.80. The stock has a market cap of $1,400.00, a PE ratio of -190.63 and a beta of 0.37.

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

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8X8 Company Profile

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.

Insider Buying and Selling by Quarter for 8X8 (NASDAQ:EGHT)

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