8X8 (EGHT) Receiving Somewhat Positive Press Coverage, Study Finds

News headlines about 8X8 (NASDAQ:EGHT) have been trending somewhat positive on Sunday, according to Accern. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. 8X8 earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 44.9774798132876 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the headlines that may have effected Accern’s analysis:

How to Become a New Pot Stock Millionaire

A number of brokerages recently weighed in on EGHT. TheStreet downgraded shares of 8X8 from a “c” rating to a “d” rating in a research note on Thursday, January 25th. Zacks Investment Research raised shares of 8X8 from a “sell” rating to a “hold” rating in a research note on Tuesday, March 27th. B. Riley reaffirmed a “hold” rating and issued a $14.00 target price on shares of 8X8 in a research note on Tuesday, January 23rd. BidaskClub downgraded shares of 8X8 from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 29th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $19.00 target price (up from $16.00) on shares of 8X8 in a research note on Friday, January 26th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. 8X8 presently has a consensus rating of “Buy” and a consensus target price of $18.90.

Shares of EGHT stock traded down $0.25 during trading hours on Friday, hitting $18.55. 426,066 shares of the company’s stock were exchanged, compared to its average volume of 899,636. 8X8 has a 12-month low of $10.30 and a 12-month high of $20.25.

8X8 (NASDAQ:EGHT) last posted its quarterly earnings results on Thursday, January 25th. The technology company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.06. 8X8 had a negative net margin of 2.56% and a positive return on equity of 0.03%. The firm had revenue of $75.58 million for the quarter, compared to the consensus estimate of $73.90 million. During the same period last year, the firm posted $0.06 earnings per share. The business’s revenue was up 18.7% compared to the same quarter last year. analysts anticipate that 8X8 will post -0.12 EPS for the current year.

In other news, SVP Darren J. Hakeman sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $18.47, for a total value of $147,760.00. Following the transaction, the senior vice president now owns 62,886 shares in the company, valued at $1,161,504.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bryan R. Martin sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $17.86, for a total transaction of $1,786,000.00. Following the completion of the transaction, the insider now owns 1,001,010 shares in the company, valued at approximately $17,878,038.60. The disclosure for this sale can be found here. Insiders sold 117,300 shares of company stock worth $2,116,970 in the last 90 days. Company insiders own 4.40% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “8X8 (EGHT) Receiving Somewhat Positive Press Coverage, Study Finds” was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this article on another domain, it was illegally copied and republished in violation of United States and international copyright law. The legal version of this article can be accessed at https://www.dispatchtribunal.com/2018/04/08/somewhat-favorable-news-coverage-somewhat-unlikely-to-impact-8x8-eght-share-price.html.

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)

Receive News & Ratings for 8X8 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 8X8 and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply