8×8, Inc. (NASDAQ:EGHT – Get 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:EGHT – Get 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.
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.
- Get a free copy of the StockNews.com research report on 8X8 (EGHT)
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