Somewhat Favorable Media Coverage Somewhat Unlikely to Impact 8X8 (EGHT) Share Price

Media headlines about 8X8 (NASDAQ:EGHT) have been trending somewhat positive recently, Accern reports. The research firm ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. 8X8 earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 45.8974490175096 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Shares of 8X8 (NASDAQ:EGHT) opened at $14.60 on Thursday. The stock has a market capitalization of $1,340.00, a P/E ratio of -182.50 and a beta of 0.37. 8X8 has a twelve month low of $10.30 and a twelve month high of $16.80.

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

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

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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.

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