8×8 (EGHT) Scheduled to Post Quarterly Earnings on Wednesday
8×8 (NASDAQ:EGHT) will be issuing its Q115 quarterly earnings data on Wednesday, July 23rd. Analysts expect the company to announce earnings of $0.03 per share and revenue of $37.46 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.
8×8 (NASDAQ:EGHT) last released its earnings data on Wednesday, May 21st. The company reported $0.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.03 by $0.01. The company had revenue of $35.80 million for the quarter, compared to the consensus estimate of $35.80 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was up 28.8% on a year-over-year basis. On average, analysts expect 8×8 to post $0.14 EPS for the current fiscal year and $0.19 EPS for the next fiscal year.
Shares of 8×8 (NASDAQ:EGHT) opened at 7.36 on Tuesday. 8×8 has a 52-week low of $6.68 and a 52-week high of $12.42. The stock’s 50-day moving average is $7.4 and its 200-day moving average is $9.41. The company has a market cap of $651.8 million and a P/E ratio of 235.81.
A number of research firms have recently commented on EGHT. Analysts at Dougherty & Co initiated coverage on shares of 8×8 in a research note on Monday, July 7th. They set a “buy” rating and a $11.50 price target on the stock. Analysts at B. Riley reiterated a “neutral” rating on shares of 8×8 in a research note on Friday, May 23rd. They now have a $8.00 price target on the stock, down previously from $10.00. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. 8×8 presently has an average rating of “Buy” and an average target price of $11.70.
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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