+ Watch EGHT
on My Watchlist
The Company develops, markets and sells telecommunication services and technology for Internet protocol, or IP, telephony and video applications.
This stock is clearly growing revenues as evidence of ramping of in its business sector continues. The growth has been masked as the residential side of the business has dwindled. 8x8 is at an inflection point where losses in residential revenue has troughed, and business revenues continue to grow steadily as enterprise gains should push revenue growth to higher rates. 8x8 offers a full line of business grade services, including newly acquired cloud computing, holds its own patents, has plenty of free cash and no debt. Earnings are steady and should double in the next twelve to 18 months. A 20 PE offers virtually a free ride to growth.
I agree, good post.
you bought EGHT at $1.38wowi owned it back in 2005-2006 and sufferedi come back 5 years later and its on firewhat happened?when i was looking at EGHT it was a residential VOIP play.what is it now?did it buy another company?
8x8 has bought several companies recently. They're no longer focusing on residential VOIP as that market is being dominated by Vontage. Now they're trying to broaden their scope to offer a cloud-base communication platform that includes business VOIP and video conferencing. It's definitely worth your time to put them back on your radar and read specifically what they've been up to and where they're going.
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ratings and Key Statistics provided by Zacks.
SEC Filings and Insider Transactions provided by Edgar Online.
Powered and implemented by Interactive Data Managed Solutions. Terms & Conditions