8×8 Inc (NYSE:EGHT) is expected to report second quarter earnings results, after market close, on Wednesday 28th October 2020.
Analysts polled by Thomson Reuters anticipate second quarter loss of $ 0.07 per share from revenue of $ 126.27 million.
Looking ahead, the full year loss are expected at $ 0.21 per share on the revenues of $ 520.90 million.
The Company Outlook
Revenue for 2Q21 are expected in a range of $ 125.50 million ~ $ 126.50 million
Click Here For More Historical Outlooks Of 8×8 Inc
Previous Quarter Performance
8×8 Inc reported loss for the first quarter of $ 0.07 per share, from the revenue of $ 121.81 million. The quarterly revenues grew 27.06 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.12 per share from $ 120.58 million in revenue. The bottom line results beat street analysts by $ 0.05 or 41.67 percent, at the same time, top line results outshined analysts by $ 1.23 million or 1.02 percent.
Stock Performance
Shares of 8×8 Inc traded up $ 0.09 or 0.55 percent on Tuesday, reaching $ 16.50 with volume of 720.80 thousand shares. 8×8 Inc has traded high as $ 16.66 and has cracked $ 16.36 on the downward trend
According to the previous trading day, closing price of $ 16.50, representing a 53.36 % increase from the 52 week low of $ 10.70 and a 23.92 % decrease over the 52 week high of $ 21.57.
The company has a market capital of $ 1.72 billion and is part of the Technology sector and Diversified Communication Services industry.
Recent Analyst recommendations
- On 9th October 2020, initiated by Mizuho at Neutral rating, with $ 17.00 target price.
Conference Call
8×8 Inc will be hosting a conference call at 5:00 PM eastern time on 28th October 2020, to discuss its 2Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.8×8.com
8×8, Inc. provides enterprise cloud communications and customer engagement solutions for small and mid-size businesses, mid-market, and distributed enterprises worldwide. It offers unified communications, team collaboration, conferencing, contact center, analytics, and other services to various business customers on a software-as-a-service (SaaS) model.
