8×8 Inc stock performance trend indicates that the stock price has rallied 6.99% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -0.84% . Looking at the past 52 week period, the stock price is up at 59.71% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of 8×8 Inc has a positive value of 39.77 compared to overall market.8×8, Inc. is having a Relative Strength Index of 55.28 which indicates the stock is not yet over sold or over bought based on the technical indicators.
8×8 Inc (NASDAQ:EGHT) has climbed 4.44% in the past week and advanced 2% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 4.19% and the outperformance has advanced to 0.84% for the last 4 weeks period.
For the current week, the company shares have a recommendation consensus of Buy. 8×8 Inc (NASDAQ:EGHT) : On Friday heightened volatility was witnessed in 8×8 Inc (NASDAQ:EGHT) which led to swings in the share price. The stock opened for trading at $15 and hit $15.3 on the upside , eventually ending the session at $15.3, with a gain of 1.32% or 0.2 points. The heightened volatility saw the trading volume jump to 1,514,505 shares. The 52-week high of the share price is $16.8 and the company has a market cap of $1,391 million. The 52-week low of the share price is at $9.0124 .
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.
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.