8X8 (NASDAQ:EGHT) Shares Down 6.1%

8×8, Inc. (NASDAQ:EGHTGet 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:EGHTGet 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

(Get Rating)

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.

Recommended Stories

Receive News & Ratings for 8X8 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 8X8 and related companies with MarketBeat.com's FREE daily email newsletter.