8x8, Inc. (NASDAQ: EGHT), the world's first Communications Cloud, announced today its acquisition of LeChat, Inc., the maker of Sameroom™, an interoperability platform that enables cross-team messaging and collaboration in the enterprise.
What: Shares of 8x8 (NASDAQ:EGHT) gained 12.7% in April 2016, according to data from S&P Global Market Intelligence. By the end of the month, the networked communications specialist had offered its shareholders a market-beating 28% 52-week return.
The stock increased by over 12% in May, putting more pressure on the company to meet earnings expectations. After years of consistent revenue growth, 8x8 still cannot grow earnings. If this trend continues and they maintain a conservative balance sheet ...
The company has not missed Wall Street's consensus targets since the third quarter of 2014. 8x8 does not offer detailed quarter-by-quarter guidance, but hopes to grow both revenue and adjusted earnings by 20% in the just-started fiscal year of 2017.
Small Cap Exclusive (press release) - Feb 10, 2017
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), 8X8 Inc. (NASDAQ:EGHT) reported that Vanguard Group Inc. has picked up 4,438,712 of common stock as of 2017-02-09.
8x8's economic earnings have declined from $1 million in 2011 to -$16 million in 2016 and to -$18 million TTM. 8x8's return on invested capital (ROIC) has fallen from 12% in 2011 to a bottom quintile -3% TTM. Meanwhile, EGHT is up 20% YTD without a ...