Impact of Brokerage Rating on 8×8 Inc(EGHT)

Many 8×8 Inc(EGHT) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Company shares were Upgraded by Robert W. Baird on Dec 12, 2016 to Outperform, Raises Price Target to $ 17 from a previous price target of $15 .

Company has reported several Insider transactions to the SEC, on Feb 13, 2017, Darren J. Hakeman (SVP Product and Strategy) sold 7,500 shares at 15.84 per share price.On Feb 10, 2017, Bryan R Martin (Chief Techology Officer) sold 100,000 shares at 15.61 per share price.On Feb 9, 2017, Eric Salzman (director) sold 25,000 shares at 15.53 per share price.

8×8 Last issued its quarterly earnings results on Jan 25, 2017. The company reported $0.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.02. Analyst had a consensus of $0.04. The company had revenue of $63.68 million for the quarter, compared to analysts expectations of $63.46 million. The companys revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS.

8×8 Inc (NASDAQ:EGHT) has received a short term rating of sell from experts at Zacks with a rank of 4. The stock has been rated an average of 1.36 by 11 Brokerage Firm. 8 Wall Street Firms have rated the stock as a strong buys. 2 stock experts have also suggested a buy rating. 1 Brokerage Firms have advised hold.

8×8 Inc (NASDAQ:EGHT) shares are expected to touch $17.8 in the short term. This short term price target has been shared by 10 analysts. However, the standard deviation of short term price estimate has been valued at 1.99. The target price could hit $22 on the higher end and $14 on the lower end.

8×8 Inc (NASDAQ:EGHT) witnessed a decline in the market cap on Tuesday as its shares dropped 0.99% or 0.15 points. After the session commenced at $15.05, the stock reached the higher end at $15.1 while it hit a low of $14.9. With the volume soaring to 635,394 shares, the last trade was called at $15. The company has a 52-week high of $16.7. The company has a market cap of $1,364 million and there are 90,932,838 shares in outstanding. The 52-week low of the share price is $9.0124.

8X8, Inc. (formerly Netergy Networks Inc.), and its two subsidiaries, Netergy Microelectronics and Centile, Inc., are providers of IP-based services, service creation environment and delivery tools, and embedded network appliance technology to help communication service providers and telecommunication equipment manufacturers succeed in the New Telecom Landscape, where voice, data and video converge into an ubiquitous IP network.

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