8×8 Inc. Reaches New 12-Month High at $11.08 (EGHT)
8×8 (NASDAQ:EGHT)’s share price reached a new 52-week high during mid-day trading on Wednesday, Analyst Ratings Network reports. The stock traded as high as $11.08 and last traded at $10.96, with a volume of 435,258 shares traded. The stock had previously closed at $10.72.
EGHT has been the subject of a number of recent research reports. Analysts at Northland Securities raised their price target on shares of 8×8 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 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 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 analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $9.88.
8×8 has a 52 week low of $5.62 and a 52 week high of $11.00. The stock’s 50-day moving average is $10.0 and its 200-day moving average is $8.60. The company has a market cap of $795.3 million and a P/E ratio of 106.14.
8×8 (NASDAQ:EGHT) last released its earnings data 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 prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was up 18.8% on a year-over-year basis. Analysts expect that 8×8 will post $0.27 EPS 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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