8×8 (EGHT) Releases Earnings Results, Reports EPS of $0.03 EPS

8×8 (EGHT) reported quarterly earnings results on Thursday, May-19-2016. The company reported $0.03 EPS for the quarter. Analysts had a consensus estimate of $0.03. The company posted revenue of $57.33 million in the period, compared to analysts expectations of $54.40 million. The company’s revenue was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS.

8×8 opened for trading at $11.53 and hit $11.99 on the upside on Monday, eventually ending the session at $11.7, with a gain of 1.56% or 0.18 points. The heightened volatility saw the trading volume jump to 4,80,703 shares. Company has a market cap of $1,035 M.

In a different news, on Feb 16, 2016, Bryan R Martin (Chief Technology Officer) sold 56,758 shares at $10.81 per share price. According to the SEC, on Jul 28, 2015, Vikram Verma (CEO) purchased 12,300 shares at $8.09 per share price.

8×8 Inc. (8×8) offers Software as a Service (SaaS) communication solution. The Company is engaged in business cloud communications and development and use of Internet protocol voice video and data communication technologies in a true SaaS model. The 8×8 unified cloud communications solution addresses the shortcomings of legacy and point solution cloud services through its pure cloud Software as a Service offering. The Company’s Infrastructure Manager abstracts complex global interconnectivity between Voice over Internet Protocol (VoIP) and traditional public switched telephone network (PSTN) providing customers with a phone system that can reach any phone in the world whether wireless or wireline. Its Integration Manager integrates with third-party applications including Salesforce.com Microsoft Dynamics NetSuite Zendesk and many others to provide integrated applications functionality within its communications and collaboration services.


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