8X8 (EGHT) to Release Quarterly Earnings on Tuesday

8X8 (NASDAQ:EGHT) will be issuing its quarterly earnings data after the market closes on Tuesday, May 14th. Analysts expect the company to announce earnings of ($0.18) per share for the quarter.

Shares of 8X8 stock opened at $24.00 on Monday. 8X8 has a 12 month low of $15.13 and a 12 month high of $24.39.

In other 8X8 news, EVP Dejan Deklich sold 36,136 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $22.06, for a total transaction of $797,160.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.40% of the stock is owned by corporate insiders.

EGHT has been the subject of a number of research analyst reports. BidaskClub raised 8X8 from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 16th. Zacks Investment Research raised 8X8 from a “sell” rating to a “hold” rating in a report on Thursday, January 24th. Rosenblatt Securities reissued a “buy” rating and set a $22.50 target price on shares of 8X8 in a report on Thursday, January 31st. Guggenheim initiated coverage on 8X8 in a report on Monday, March 11th. They set a “neutral” rating and a $20.00 target price for the company. Finally, Needham & Company LLC reduced their target price on 8X8 from $23.00 to $22.00 and set a “buy” rating for the company in a report on Wednesday, January 30th. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. 8X8 has an average rating of “Buy” and a consensus price target of $22.21.

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About 8X8

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.

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Earnings History for 8X8 (NASDAQ:EGHT)

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