8X8 (NASDAQ:EGHT) Shares Down 17.8%

8×8, Inc. (NASDAQ:EGHTGet Rating) fell 17.8% on Thursday . The company traded as low as $4.61 and last traded at $4.61. 63,482 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 1,841,041 shares. The stock had previously closed at $5.61.

8X8 Price Performance

The business’s 50 day moving average price is $5.64. The company has a current ratio of 1.55, a quick ratio of 1.44 and a debt-to-equity ratio of 3.70.

8X8 (NASDAQ:EGHTGet Rating) last posted its earnings results on Wednesday, May 11th. The company reported ($0.19) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.12. The business had revenue of $181.37 million for the quarter, compared to analysts’ expectations of $181.82 million. 8X8 had a negative net margin of 23.25% and a negative return on equity of 73.61%. On average, equities analysts expect that 8×8, Inc. will post -0.67 EPS for the current year.

About 8X8

(Get Rating)

8×8, Inc provides voice, video, chat, contact center, and enterprise-class application programmable interface (API) Software-as-a-Service solutions for small and mid-size businesses, mid-market and larger enterprises, government agencies, and other organizations worldwide. The company offers unified communications, team collaboration, video conferencing, contact center, data and analytics, communication APIs, and other services.

Read More

Receive News & Ratings for 8X8 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 8X8 and related companies with MarketBeat.com's FREE daily email newsletter.