News headlines about 8X8 (NASDAQ:EGHT) have been trending somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of news coverage by monitoring 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 nearest to one being the most favorable. 8X8 earned a coverage optimism score of 0.24 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 47.2326430250185 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have effected Accern’s rankings:
8X8 (NASDAQ:EGHT) opened at $19.90 on Monday. The company has a market capitalization of $1,830.00, a PE ratio of -25.51 and a beta of 0.67. 8X8 has a 1 year low of $10.30 and a 1 year high of $20.05.
8X8 (NASDAQ:EGHT) last announced its quarterly earnings data on Thursday, January 25th. The technology company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.06. The firm had revenue of $75.58 million for the quarter, compared to analyst estimates of $73.90 million. 8X8 had a positive return on equity of 0.03% and a negative net margin of 2.56%. The company’s revenue was up 18.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.06 EPS. equities analysts expect that 8X8 will post -0.12 EPS for the current year.
A number of brokerages have weighed in on EGHT. BidaskClub upgraded 8X8 from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 16th. Zacks Investment Research upgraded 8X8 from a “sell” rating to a “hold” rating in a research note on Monday, January 29th. B. Riley restated a “hold” rating and issued a $14.00 target price on shares of 8X8 in a research note on Tuesday, January 23rd. William Blair reiterated a “hold” rating on shares of 8X8 in a research report on Tuesday, January 23rd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $19.00 price objective (up from $16.00) on shares of 8X8 in a research report on Friday, January 26th. Six research 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 stock. 8X8 presently has an average rating of “Buy” and an average target price of $18.60.
In related news, SVP Darren J. Hakeman sold 8,000 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $18.47, for a total transaction of $147,760.00. Following the completion of the sale, the senior vice president now directly owns 62,886 shares in the company, valued at approximately $1,161,504.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bryan R. Martin sold 100,000 shares of the stock in a transaction dated 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 sale, the insider now owns 1,001,010 shares of the company’s stock, valued at $17,878,038.60. The disclosure for this sale can be found here. 4.40% of the stock is currently owned by corporate insiders.
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.