8×8, Inc. (NASDAQ:EGHT – Get Rating) shares were down 6.1% during trading on Friday . The company traded as low as $4.89 and last traded at $4.91. Approximately 72,141 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 1,815,080 shares. The stock had previously closed at $5.23.
8X8 Trading Down 6.5 %
The firm has a market cap of $580.17 million, a price-to-earnings ratio of -3.15 and a beta of 1.35. The company has a debt-to-equity ratio of 2.45, a quick ratio of 1.44 and a current ratio of 1.44. The company’s fifty day moving average price is $5.86.
8X8 (NASDAQ:EGHT – Get Rating) last released its quarterly earnings data on Wednesday, May 11th. The company reported ($0.19) EPS for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.12. 8X8 had a negative return on equity of 84.30% and a negative net margin of 27.48%. The business had revenue of $181.37 million for the quarter, compared to the consensus estimate of $181.82 million. On average, research analysts expect that 8×8, Inc. will post -1.07 earnings per share for the current fiscal year.
8X8 Company Profile
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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