Exclusive: Business communications services provider 8x8 explores sale - sources [Reuters]
8x8 Inc (EGHT)
Last 8x8 inc earnings: 2/4 04:05 pm
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Source: Reuters
8x8 Inc ( EGHT.O ), a U.S. provider of internet-based voice and communication services to businesses, is exploring a potential sale of the company, people familiar with the matter said on Friday. The move comes amid a wave of consolidation in the telecommunications software and equipment industry, as smaller players such as 8x8 seek more scale to compete against bigger rivals such as Cisco Systems Inc ( CSCO.O ). 8X8 has been working with Morgan Stanley ( MS.N ) to field interest from other companies and private equity firms, the people said. There was no certainty that these talks will continue or that they will lead to a deal, the people added. The sources asked not to be identified because the negotiations were confidential. 8x8 and Morgan Stanley did not immediately respond to requests for comment. 8x8 shares rose as much as 14 percent on the news and ended trading up 10 percent at $16.15 in New York on Friday, giving the company a market capitalizati
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EGHT
News
- 8x8, Inc. Schedules Fourth Quarter and Fiscal 2024 Earnings Release and Conference CallBusiness Wire
- 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
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