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$20.29 -$0.01 (0.0%)

04:00 PM EST on 11/27/20

8x8, Inc. (NYSE:EGHT)

CAPS Rating: 5 out of 5

The Company develops, markets and sells telecommunication services and technology for Internet protocol, or IP, telephony and video applications.

Current Price $20.29 Mkt Cap $2.2B
Open $20.33 P/E Ratio 0.00
Prev. Close $20.29 Div. (Yield) $0.00 (0.0%)
Daily Range $20.18 - $20.58 Volume 302,879
52-Wk Range $10.70 - $21.57 Avg. Daily Vol. 1,307,942

Caps

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All Players

299 Outperform
13 Underperform
 

All-Star Players

37 Outperform
1 Underperform
 

Wall Street

0 Outperform
0 Underperform
 

Top NYSE:EGHT Bull/Bear Pitches

The best Bull and Bear pitches based on recency and number of recommendations.

mdriver78 (74.67)
Submitted May 23, 2020

8x8 Inc. (EGHT) is laser-focused on helping businesses create high-functioning "virtual offices." Virtual offices, of course, mean that workers are physically in different parts of a building, or anywhere in the world, really. But EGHT makes these… More

CheerUp (81.68)
Submitted February 02, 2014

Telephony co. everyone likes. But, they can't make money despite nice regular rev increases. Punished stockholders with $128M issue late 2013. If drop breaks $9, limber up the parachute for $7.

NYSE:EGHT VS S&P 500 (SPY)

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Recent Community Commentary

Read the most recent pitches from players about EGHT.

Recs

0
Member Avatar DaytradingStars (78.03) Submitted: 6/2/2020 3:45:28 AM : Outperform Start Price: $14.46 NYSE:EGHT Score: -6.32

25%+ A

Recs

1
Member Avatar mdriver78 (74.67) Submitted: 5/23/2020 5:18:34 PM : Outperform Start Price: $14.74 NYSE:EGHT Score: -10.27

8x8 Inc. (EGHT) is laser-focused on helping businesses create high-functioning "virtual offices."

Virtual offices, of course, mean that workers are physically in different parts of a building, or anywhere in the world, really.
But EGHT makes these remote workspaces look and feel as if teams are actually working in close proximity.

EGHT’s services include cloud-based video conferencing with high-definition video and audio.

The company also has a team messaging platform that makes it easier to share ideas, designs, special files and other kinds of information.

All of these services are hosted by EGHT's cloud network. And this is a plus, because customers don't have to worry about installing expensive servers or making sure that equipment is up and running.

The services can be used through televisions, desktop computers and even mobile devices.

Offering so many different ways to connect means the services are available to many different workers in many different places.
So workers can be just as productive and effective day in and day out whether they’re in traditional offices… on the road… or working from home (which many of will do long after the coronavirus crisis has passed).

In fact, the more I learn about EGHT, the more I see why a buyout would make perfect sense for Apple!

Evidence a Buyout Offer Is on the Way

Last week, EGHT reported strong earnings that beat investor expectations. But the stock pulled back despite the healthy report.
It seems investors weren't all that enthused when management said next quarter’s revenues would "only" grow by 24-26%.
While that would be a tremendous growth rate for most businesses, investors were hoping the work-from-home trend would lead to much stronger guidance.

Quite frankly, there is evidence the company's growth will be much stronger than management suggests. But in today's uncertain environment, many businesses are choosing to under-promise and hopefully over-deliver in the weeks and months ahead.

Still, the stock’s pullback gives AAPL a perfect opportunity to negotiate an attractive buyout price.

It will still need to be well above the current stock price to get shareholders to bite… but maybe not as high as it would have had to pay if EGHT were trading at all-time highs.

There is evidence that big trades are being placed in the options market. This often happens when insiders know a deal is about to happen and leak the news to friends or family members.

Investors with advance knowledge of a deal may be placing options trades so they can profit when it is announced.

A reasonable target buyout price for EGHT is $26.50, which is near where the stock topped out last year.

That would give shareholders a very attractive 80% gain from its current price. But it would also give AAPL a chance to own EGHT's work-from-home technology for less than what the stock was trading for about a year ago.

Recs

0
Member Avatar loangolfer (< 20) Submitted: 2/26/2015 3:10:42 PM : Outperform Start Price: $7.44 NYSE:EGHT Score: +46.05

try again

Leaderboard

Find the members with the highest scoring picks in EGHT.

Score Leader

TrackVanDenBerg

TrackVanDenBerg (< 20) Score: +2,056.81

The Score Leader is the player with the highest score across all their picks in EGHT.

Top
Pick
Member Name Member
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
Index
Gain
Score Commentary
stockamuteur 54.50 8/4/2010 Outperform 5Y $1.38 +1,077.54% +222.57% +854.96 0 Comment
robseigel < 20 8/4/2010 Outperform 1Y $1.38 +1,077.54% +223.18% +854.36 4 Comments
techsavant < 20 12/1/2006 Outperform 1Y $1.65 +884.85% +174.67% +710.18 1 Comment
This player feels very strongly about this pick and has marked it a Top Pick. Top Picks do not affect a player’s score. stallis 83.80 9/13/2010 4/21/2012 Outperform 5Y $1.66 +878.92% +223.03% +655.88 5 Comments
moorefish 36.50 11/20/2006 Outperform 3Y $1.83 +787.98% +175.58% +612.40 3 Comments
drivermike64 < 20 9/20/2010 2/1/2012 Outperform 3Y $1.87 +768.98% +218.41% +550.58 0 Comment
akbarcaskey678 < 20 9/27/2010 Outperform 5Y $2.05 +692.68% +216.62% +476.06 0 Comment
dominator1 < 20 12/30/2010 Outperform 1Y $2.15 +655.81% +189.09% +466.73 0 Comment
slaog 31.54 12/29/2010 Outperform 5Y $2.16 +652.31% +188.31% +464.01 0 Comment
GittingsIV < 20 9/30/2010 Outperform 3Y $2.09 +677.51% +219.32% +458.20 1 Comment

Wall Street

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