Hot Stock Overview: 8×8 Inc (NASDAQ:EGHT)

8×8 Inc (NASDAQ:EGHT)

B. Riley FBR Maintains 8×8 Inc (NASDAQ:EGHT)’s stock to Neutral with the price target of $22. This rating was issued on 7/30/18. The stock recently closed its previous session at $18.95 by showing a percentage change of 4.12% from its previous day closing price of $18.2.

Price Target is basically a projection of future price of a company’s stock by the expert analysis of investment analysts or investment firms. There may be various price targets for a stock. These analysts and investment firms use various valuation methods to decide a price target for a stock.

Several investment firms issued their expert ratings on 8×8 Inc (NASDAQ:EGHT) in which Stifel Nicolaus Initiates Coverage On 8×8 Inc (NASDAQ:EGHT) to Buy by settling a price target of $25 on 7/12/18. Bank of America Downgrades the stock to Neutral on 5/25/18 with no specific Price Target. Morgan Stanley Maintains the company’s stock to Overweight on 4/27/18 by setting a price target of $24. Oppenheimer Initiates Coverage On 8×8 Inc (NASDAQ:EGHT) to Outperform with a price target of $25.

8×8 Inc (NASDAQ:EGHT) currently has a consensus Price Target of $25.4. While some analysts have a High Price target for the stock of $28 and a Low Price Target of $22.

Several sell side analysts reviewed their recommendations on 8×8 Inc (NASDAQ:EGHT) where 4 analyst have rated the stock as Strong Buy, 3 analysts said it’s a Buy, 4 rated the stock as Hold, 0 analysts reported Underperform and 0 analysts gave their recommendations as Sell. (Current Month Yahoo Finance Ratings)

Zacks Investment Research also rated the stock with a value of 1.73. This scale runs from 1 to 5 where 1 represents Strong Buy and 5 represents Sell.

In the last Quarter, 8×8 Inc (NASDAQ:EGHT) reported its Actual EPS of $-0.04/share. The analysts offering Earnings Estimates for the company were believing that 8×8 Inc (NASDAQ:EGHT) could bring EPS of $-0.05/share. The difference between Actual EPS and Estimated EPS was 0.01 Percent. Thus the company showed an Earnings Surprise of 20 Percent.

8×8 Inc (NASDAQ:EGHT) has a market capitalization of 1.77 Billion. The stock traded with the volume of 755166 shares in the last trading session. The stock touched its high share price of $23.50 on 09/13/18 and the stock also touched its Lowest price in the last 52-weeks of trading on 12/14/17 as $12.00. The company has a 1 Year high price target of $24.91. The stock is currently trading with a distance of 20-Day Simple Moving Average (SMA20) of -6.62%. The Moving Average SMA50 is -12.21% while SMA200 is -4.17%.

8×8 Inc (NASDAQ:EGHT) is currently showing its ROA (Return on Assets) of -38.4%. The Return on Investment (ROI) is at -49.4% while it’s Return on Equity (ROE) value stands at -47.2%. The stock currently shows its YTD (Year to Date) performance of 34.4 percent while its Weekly performance value is 0.11%. The Monthly and Yearly performances are -13.27 percent and 40.37 percent respectively. The Relative Volume value measured for 8×8 Inc (NASDAQ:EGHT) is 0.99. The Average Volume (3 months) is 762.16 Million.

The stock currently has its Annual Dividend of $0 and an annual Dividend Yield of 0 Percent. EGHT has P/E (Price to Earnings ttm) value of 0, Forward P/E of 0, P/C (Price to cash per share) of 11.88 and Price to Free Cash Flow (P/FCF) value of 0. The stock is showing its Operating Margin of -16.9 percent.

Company Profile:

8×8, Inc. is the provider of the world’s first Communications Cloud that combines unified communications, team collaboration interoperability, contact center and real-time analytics in a single open platform that integrates across clouds, applications and devices, eliminating information silos to expose vital, real-time intelligence. 8×8, Inc. reduces complexity, cost, improve individual, team productivity, performance, and enhance the overall customer experience. 8×8 ensures high reliability and business continuity by delivering its cloud-based communications through the use of secure, fully redundant data centers. 8×8 communications are designed with built-in redundancy and no single point of failure. This highly secure, top-tier data centers are located in geographically dispersed sites across the globe. These data centers are SSAE 16 audited and provide automatic and transparent failover to prevent disruptions in service.