Last $8.16 USD
Change Today -0.64 / -7.27%
Volume 2.1M
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As of 8:10 PM 01/23/15 All times are local (Market data is delayed by at least 15 minutes).

8x8 inc (EGHT) Snapshot

Open
$8.18
Previous Close
$8.80
Day High
$8.50
Day Low
$7.57
52 Week High
03/18/14 - $11.64
52 Week Low
10/13/14 - $5.69
Market Cap
730.0M
Average Volume 10 Days
792.3K
EPS TTM
$-0.0013
Shares Outstanding
89.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for 8X8 INC (EGHT)

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8x8 inc (EGHT) Details

8x8, Inc. provides unified communications and collaboration (UCC) services in the cloud for small and medium businesses, and mid-market and distributed enterprises. The company offers a suite of UCC services to in-office and mobile devices spanning cloud telephony, virtual contact center, and virtual meeting through a proprietary unified software-as-a-service platform. Its software abstracts complex networking, redundancy, security, and interconnection requirements to provide a solution for business customers. The company’s software also integrates with enterprise resource planning, customer relationship management, human capital management, and other third-party application suites to provide organizations an integrated business communications and collaboration experience that is critical to operate their business. Its Infrastructure Manager software abstracts complex interconnectivity between Voice over IP, and public switched telephone network, enabling a turnkey UCC solution. The company’s Integration Manager software integrates with third-party applications, allowing customers to access data while communicating with their clients or collaborating with colleagues. In addition, 8x8, Inc. sells pre-configured office phones. The company markets its services to end users through direct sales force, Website, and channel partners primarily in the United States. It serves more than 40,000 business customers with over 500,000 subscriptions. 8x8, Inc. was founded in 1987 and is headquartered in San Jose, California.

484 Employees
Last Reported Date: 05/27/14
Founded in 1987

8x8 inc (EGHT) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $224.4K
Senior Vice President of Product & Strategy
Total Annual Compensation: $145.8K
Executive Chairman and Chief Technology Offic...
Total Annual Compensation: $275.0K
Compensation as of Fiscal Year 2014.

8x8 inc (EGHT) Key Developments

8X8 Inc. Announces Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended Dec. 31, 2014; Reaffirms Earnings Guidance for Fiscal 2015

8x8 Inc. announced unaudited consolidated earnings results for third quarter and nine months ended Dec. 31, 2014. For the quarter, the company reported total revenue of $41,372,000, income from continuing operations before provision for income taxes of $1,071,000, income from continuing operations of $444,000, net income of $444,000 or $0.01 per diluted share compared to the total revenue of $32,745,000, income from continuing operations before provision for loss taxes of $1,217,000, income from continuing operations of $89,000, net income of $89,000 for the same quarter a year ago. Non-GAAP net income was $4,074,000 or $0.04 per diluted share compared to $2,533,000 or $0.03 per diluted share a year ago. Capital expenditures were $2 million in the quarter or 4.8% of revenue. Increase in capital expenditures is primarily due to an upgrade to core networking equipment to the next-generation 10-gig infrastructure to support future growth. For the year to date, the company reported total revenue of $118,883,000, income from continuing operations before provision for income taxes of $4,453,000, income from continuing operations of $1,743,000, net income of $1,743,000 or $0.02 per diluted share compared to the total revenue of $92,811,000, income from continuing operations before provision for income taxes of $4,050,000, income from continuing operations of $3,569,000, net income of $4,459,000 or $0.05 per diluted share for the same period a year ago. Net cash provided by operating activities was of $13,775,000 compared to $11,573,000 a year ago. Purchases of property and equipment were of $4,523,000 compared to $2,081,000 a year ago. Non-GAAP net income was $11,363,000 or $0.12 per diluted share compared to $10,863,000 or $0.14 per diluted share a year ago. The company maintaining guidance for annual revenue growth of approximately 26% in fiscal 2015, and the company continue to expect non-GAAP net income as a percentage of revenue in the 8-10% range for fiscal 2015.

8X8 Announces Availability of Virtual Office/Virtual Contact Center Solution

8x8 Inc. has announced the availability of 8x8 virtual office/virtual contact center solution, a cohesive cloud communications solution that integrates telephony, unified communications, or UC, and contact center users across the enterprise. With the integrated 8x8 Virtual Office and Virtual Contact Center solution, CIOs can free up additional IT resources to focus on core business objectives by not having to manage disparate telephony and contact center services. Call center agents benefit from having ready access to company experts outside of the call center and non call center employees can now easily reach the call center using common presence information and click to dial just as they would for anyone on the 8x8 UC service. The 8x8 Virtual Office/Virtual Contact Center solution offers: shared presence; single sign-on; extension-to-extension dialing; call center agent hardware endpoints; and streamlined administration.

8X8, Inc. Appoints Puneet Arora as Senior Vice President of Global Sales

8x8 Inc. has appointed Puneet Arora as senior vice president of global sales. Mr. Arora will report directly to 8x8 CEO Vik Verma and will be responsible for leading 8x8's global, direct and channel sales organizations and managing new customer acquisition and existing customer penetration strategies.

 

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Price/Earnings NM Not Meaningful
Price/Sales 4.7x
Price/Book 2.6x
Price/Cash Flow NM Not Meaningful
TEV/Sales 3.5x
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