8X8 (EGHT) Receives Daily Media Sentiment Score of 0.20

Headlines about 8X8 (NASDAQ:EGHT) have trended somewhat positive on Thursday, Accern Sentiment reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. 8X8 earned a news sentiment score of 0.20 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 46.4383357885762 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the headlines that may have impacted Accern’s scoring:

8X8 (NASDAQ:EGHT) opened at $18.00 on Thursday. The stock has a market cap of $1,610.00, a PE ratio of -17.65 and a beta of 0.71. 8X8 has a 1-year low of $10.30 and a 1-year high of $18.50.

8X8 (NASDAQ:EGHT) last posted its quarterly earnings results on Thursday, January 25th. The technology company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.06. The firm had revenue of $75.58 million during the quarter, compared to analysts’ expectations of $73.90 million. 8X8 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 18.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.06 earnings per share. analysts anticipate that 8X8 will post -0.12 EPS for the current fiscal year.

Several equities research analysts have recently weighed in on EGHT shares. Zacks Investment Research downgraded shares of 8X8 from a “hold” rating to a “sell” rating in a research note on Tuesday, January 16th. Robert W. Baird reiterated a “buy” rating and set a $21.00 target price on shares of 8X8 in a research note on Friday, January 26th. Morgan Stanley upgraded shares of 8X8 from an “equal weight” rating to an “overweight” rating and set a $19.00 target price for the company in a research note on Wednesday, January 17th. B. Riley reiterated a “hold” rating and set a $14.00 target price on shares of 8X8 in a research note on Tuesday, October 24th. Finally, Bank of America increased their target price on shares of 8X8 from $19.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. 8X8 presently has an average rating of “Buy” and an average target price of $18.60.

In related news, insider Bryan R. Martin sold 100,000 shares of the stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $17.86, for a total transaction of $1,786,000.00. Following the completion of the transaction, the insider now directly owns 1,001,010 shares of the company’s stock, valued at $17,878,038.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 4.40% of the company’s stock.

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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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