Zacks Rating on 8×8 Inc (EGHT)

8×8 Inc (EGHT) has an average broker rating of 1.4, which is interpreted as a Strong Buy, as rated by 10 equity analysts. Nonetheless, 7 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

8×8 Inc (EGHT) : The highest short term price target forecast on 8×8 Inc (EGHT) is $18 and the lowest target price is $14. A total of 9 equity analysts are currently covering the company. The average price of all the analysts is $16.67 with a standard deviation of $1.32.


Shares of 8×8 Inc. appreciated by 3.11% during the last five trading days but lost 6.97% on a 4-week basis. 8×8 Inc. is up 7.17% in the last 3-month period. Year-to-Date the stock performance stands at 18.86%. 8×8 Inc (NASDAQ:EGHT): On Tuesdays trading session , Opening price of the stock was $13.74 with an intraday high of $13.9. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $13.46. However, the stock managed to close at $13.61, a loss of 1.16% for the day. On the previous day, the stock had closed at $13.77. The total traded volume of the day was 818,445 shares.

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 Companys 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, Microsoft Dynamics, NetSuite, Zendesk and many others, to provide integrated applications functionality within its communications and collaboration services.

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