Why 8x8, Inc. Stock Plunged 22% Today [The Motley Fool]
8x8 Inc (EGHT)
Last 8x8 inc earnings: 2/4 04:05 pm
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investors.8x8.com
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Source: The Motley Fool
A mixed earnings report wasn't enough to support the cloud communications expert's surging share prices -- so here's a quick market correction. Anders Bylund ( TMFZahrim ) May 25, 2018 at 12:20PM What happened Shares of cloud-based communications specialist 8x8 ( NYSE:EGHT ) crashed as much as 22.2% on Friday morning on the heels of a disappointing earnings report. At noon EDT, the stock had recovered to a 16% daily decline. So what In the fourth quarter of fiscal year 2018, 8x8 saw total sales rising 19% to $79.3 million. Adjusted net losses stopped at $0.03 per diluted share, down from $0.05 of positive earnings per share in the year-ago period. Analysts' consensus estimates had called for breakeven earnings on roughly $77 million in top-line revenue, so this was a mixed performance. Looking ahead, management issued full-year revenue guidanc
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EGHT
News
- 8x8, Inc. (NASDAQ: EGHT) had its price target lowered by analysts at Morgan Stanley from $3.80 to $3.00. They now have an "equal weight" rating on the stock.MarketBeat
- 8x8 Launches Operator Connect for Microsoft Teams to Streamline Reliable Telephony Deployment and Adoption for Organizations Using Teams [Yahoo! Finance]Yahoo! Finance
- 8x8 Launches Operator Connect for Microsoft Teams to Streamline Reliable Telephony Deployment and Adoption for Organizations Using TeamsBusiness Wire
- Global Video Conferencing Market 2024-2028 - Market Forecasted to Surge at a CAGR of 11.9% from 2023-2028 [Yahoo! Finance]Yahoo! Finance
- 8x8 Receives Multiple Awards for Continued Innovation [Yahoo! Finance]Yahoo! Finance
EGHT
Earnings
- 1/31/24 - Beat
EGHT
Sec Filings
- 4/17/24 - Form 4
- 4/17/24 - Form 4
- 4/17/24 - Form 4
- EGHT's page on the SEC website