8×8 Inc (NASDAQ:EGHT) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, July 27th. Analysts expect 8×8 to post earnings of $0.03 per share for the quarter.

8×8 (NASDAQ:EGHT) last released its earnings results on Thursday, May 25th. The technology company reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.02. 8×8 had a positive return on equity of 2.26% and a negative net margin of 1.88%. The business had revenue of $66.49 million during the quarter, compared to the consensus estimate of $65.54 million. During the same period last year, the business posted $0.03 earnings per share. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. On average, analysts expect 8×8 to post $0.18 EPS for the current fiscal year and $0.25 EPS for the next fiscal year.

Shares of 8×8 Inc (NASDAQ:EGHT) opened at 13.55 on Thursday. 8×8 Inc has a 52-week low of $12.60 and a 52-week high of $16.80. The firm has a 50-day moving average price of $14.43 and a 200-day moving average price of $14.62. The stock’s market capitalization is $1.24 billion.

8×8 declared that its Board of Directors has approved a share buyback program on Thursday, May 25th that authorizes the company to repurchase $25.00 million in outstanding shares. This repurchase authorization authorizes the technology company to repurchase up to 28% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

A number of equities analysts recently commented on EGHT shares. Zacks Investment Research raised 8×8 from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Tuesday. Morgan Stanley started coverage on 8×8 in a report on Tuesday, April 11th. They issued an “equal weight” rating and a $17.00 target price on the stock. Deutsche Bank AG raised their target price on 8×8 from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, May 30th. William Blair cut 8×8 from an “outperform” rating to a “market perform” rating in a report on Monday, May 1st. Finally, Dougherty & Co decreased their target price on 8×8 from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Tuesday, May 23rd. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. 8×8 has an average rating of “Buy” and an average price target of $17.50.

COPYRIGHT VIOLATION NOTICE: “8×8 Inc (EGHT) to Release Earnings on Thursday” was reported by American Banking News and is owned by of American Banking News. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international copyright laws. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2017/07/20/8x8-inc-eght-to-release-earnings-on-thursday.html.

About 8×8

8×8, Inc provides cloud-based, enterprise-class software solutions. The Company’s solutions are delivered through Software as a Service (SaaS) business model. Its segments include Americas and Europe. Its software platform brings together cloud, mobile, collaboration, video and data science technologies.

Earnings History for 8x8 (NASDAQ:EGHT)

Receive News & Ratings for 8x8 Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 8x8 Inc and related companies with MarketBeat.com's FREE daily email newsletter.