8×8 Inc. Sets New 1-Year High at $10.69 (EGHT)
8×8 (NASDAQ:EGHT) set a new 52-week high during trading on Thursday, AnalystRatings.Net reports. The stock traded as high as $10.69 and last traded at $10.39, with a volume of 489,710 shares. The stock had previously closed at $10.62.
A number of analysts have recently weighed in on EGHT shares. Analysts at Northland Securities raised their price target on shares of 8×8 (NASDAQ:EGHT) from $9.50 to $11.00 in a research note to investors on Tuesday, September 3rd. Separately, analysts at Northland Capital Partners raised their price target on shares of 8×8 (NASDAQ:EGHT) from $9.50 to $11.00 in a research note to investors on Tuesday, September 3rd. They now have an “outperform” rating on the stock. Finally, analysts at Northland Capital Partners raised their price target on shares of 8×8 (NASDAQ:EGHT) from $8.00 to $9.50 in a research note to investors on Thursday, July 25th. They now have an “outperform” rating on the stock.
One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $9.88.
8×8 has a 1-year low of $5.62 and a 1-year high of $10.63. The stock’s 50-day moving average is $9.44 and its 200-day moving average is $8.10. The company has a market cap of $752.4 million and a P/E ratio of 105.16.
8×8 (NASDAQ:EGHT) last announced its earnings results on Wednesday, July 24th. The company reported $0.06 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.06. The company had revenue of $30.00 million for the quarter, compared to the consensus estimate of $29.57 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up 18.8% on a year-over-year basis. On average, analysts predict that 8×8 will post $0.27 earnings per share for the current fiscal year.
8×8, Inc, is a United States-based company, which provides telecommunication services and technology for Internet protocol (NASDAQ:EGHT), telephony and video applications.
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