8×8, Inc. (NASDAQ:EGHT – Get Rating)'s stock price traded up 9.1% during mid-day trading on Monday . The stock traded as high as $4.91 and last traded at $4.90. 169,499 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 1,860,428 shares. The stock had previously closed at $4.49.

8X8 Price Performance

The company's 50-day moving average price is $5.64. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 3.70.

8X8 (NASDAQ:EGHT – Get Rating) last issued its quarterly earnings results on Wednesday, May 11th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.12. The company had revenue of $181.37 million for the quarter, compared to the consensus estimate of $181.82 million. 8X8 had a negative return on equity of 73.61% and a negative net margin of 23.25%. Sell-side analysts predict that 8×8, Inc. will post -0.67 EPS for the current 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.

Further Reading

• Get a free copy of the StockNews.com research report on 8X8 (EGHT)
• Two Appealing Biotech Stocks for Two Distinct investors
• Is Tyson Foods A Buy On Post-Earnings Weakness?
• Is DoorDash Ready To Sprint Higher?
• Electric Vehicles Can Drive Alcoa Stock Higher
• Can Airbnb Still Thrive in a Recession?

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.