8×8 (EGHT) Receiving Somewhat Positive Press Coverage, Report Finds
Media stories about 8×8 (NASDAQ:EGHT) have been trending somewhat positive recently, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. 8×8 earned a news impact score of 0.19 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 45.6440960099 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- $0.01 EPS Expected for 8×8 Inc (EGHT) This Quarter (americanbankingnews.com)
- ETFs with exposure to 8×8, Inc. : November 20, 2017 (finance.yahoo.com)
- 8×8 Inc (EGHT) Stock Rating Reaffirmed by William Blair (americanbankingnews.com)
- BRIEF-8X8 Inc announces transfer listing to the NYSE (reuters.com)
- 8×8 Inc (EGHT) Rating Reiterated by Robert W. Baird (americanbankingnews.com)
Shares of 8×8 (EGHT) traded down $0.15 on Wednesday, reaching $14.15. 295,582 shares of the company were exchanged, compared to its average volume of 746,553. 8×8 has a fifty-two week low of $10.30 and a fifty-two week high of $16.80.
8×8 (NASDAQ:EGHT) last issued its earnings results on Thursday, October 26th. The technology company reported $0.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.01. The business had revenue of $72.48 million for the quarter, compared to the consensus estimate of $71.65 million. 8×8 had a negative net margin of 2.56% and a positive return on equity of 0.03%. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.06 earnings per share. analysts anticipate that 8×8 will post -0.12 EPS for the current year.
EGHT has been the topic of a number of research reports. Summit Redstone lowered shares of 8×8 from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. William Blair reissued a “hold” rating on shares of 8×8 in a research report on Sunday, July 30th. Zacks Investment Research raised shares of 8×8 from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Northland Securities set a $18.00 price objective on shares of 8×8 and gave the stock a “buy” rating in a research report on Friday, July 28th. Finally, B. Riley reissued a “hold” rating and issued a $14.00 price objective on shares of 8×8 in a research report on Tuesday, October 24th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $17.30.
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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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