News headlines about 8X8 (NASDAQ:EGHT) have trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. 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 0.20 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 46.3625759893076 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Accern’s analysis:
- BidaskClub Upgrades 8X8 (EGHT) to Strong-Buy (americanbankingnews.com)
- $76.86 Million in Sales Expected for 8×8, Inc. (EGHT) This Quarter (americanbankingnews.com)
- CNP Technologies Partners with 8×8 to Expand Cloud Communications and Contact Center Offerings (bizjournals.com)
- 8×8, Inc. (EGHT) Receives Average Recommendation of “Buy” from Analysts (americanbankingnews.com)
- 8×8, Inc. to Present at the Morgan Stanley Technology, Media & Telecom Conference (finance.yahoo.com)
8X8 (EGHT) opened at $18.50 on Tuesday. 8X8 has a 1-year low of $10.30 and a 1-year high of $18.75. The company has a market cap of $1,700.00, a price-to-earnings ratio of -18.14 and a beta of 0.71.
Several equities analysts recently weighed in on EGHT shares. B. Riley restated a “hold” rating and set a $14.00 target price on shares of 8X8 in a report on Tuesday, October 24th. Summit Redstone lowered shares of 8X8 from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Robert W. Baird restated a “buy” rating and set a $17.00 target price on shares of 8X8 in a report on Friday, November 17th. William Blair restated a “hold” rating on shares of 8X8 in a report on Friday, November 17th. Finally, Zacks Investment Research lowered shares of 8X8 from a “hold” rating to a “sell” rating in a report on Tuesday, January 16th. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. 8X8 currently has a consensus rating of “Buy” and an average price target of $18.60.
In other 8X8 news, insider Bryan R. Martin sold 100,000 shares of the business’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $17.86, for a total value of $1,786,000.00. Following the transaction, the insider now owns 1,001,010 shares in the company, valued at approximately $17,878,038.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.40% of the company’s stock.
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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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