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Last $8.71 USD
Change Today -0.34 / -3.76%
Volume 395.6K
As of 8:10 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

8x8 inc (EGHT) Snapshot

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52 Week High
06/25/15 - $9.51
52 Week Low
10/13/14 - $5.69
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Current Stock Chart for 8X8 INC (EGHT)

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8x8 inc (EGHT) Details

8x8, Inc. provides voice over Internet protocol (VoIP) technology and software as a service (SaaS) communication solutions in the cloud for small and medium businesses and mid-market and distributed enterprises. The company delivers a suite of SaaS services to in-office and mobile devices spanning cloud telephony, virtual contact center, and virtual meeting through its proprietary SaaS platform. Its software abstracts complex networking, redundancy, security, and interconnection requirements to provide a solution for 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 VoIP and public switched telephone network, providing customers with a phone system that can reach any phone in the world whether wireless or wireline. 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. Its services include 8x8 Virtual Office, a SaaS cloud based replacement for legacy on premises business phone systems; 8x8 Virtual Contact Center, an integrated cloud-based call center solution; 8x8 Virtual Meeting, a Web event service; and 8x8 Virtual Office Analytics, a suite of Web-based tools that provides enterprise-level analytics. The company markets its services to end users through direct sales force, Website, and channel partners primarily in the United States. It serves approximately 41,600 business customers with approximately 650,000 subscriptions. 8x8, Inc. was founded in 1987 and is headquartered in San Jose, California.

565 Employees
Last Reported Date: 05/29/15
Founded in 1987

8x8 inc (EGHT) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $432.2K
Chief Financial Officer, Principal Financial ...
Total Annual Compensation: $195.2K
Senior Vice President of Product and Strategy
Total Annual Compensation: $266.9K
Executive Chairman and Chief Technology Offic...
Total Annual Compensation: $275.0K
Senior Vice President of Global Sales
Total Annual Compensation: $61.5K
Compensation as of Fiscal Year 2015.

8x8 inc (EGHT) Key Developments

8X8 Inc. Approves Amendments to By-Laws

8x8 Inc. announced that on June 19, 2015, the board of directors of the company approved amendments to the company's by-laws. In Article II (Meetings of Stockholders), these amendments include changes and clarifications regarding the advance notice periods, contents of notice of proposals and the requirements for stockholders to submit proposals for business other than director nominations, and to propose director nominations for meetings of stockholders. In addition, the by-law amendments: (1) permit meetings of stockholders to be held by means of remote communication; (2) permit notice of meetings of stockholders to be given by facsimile, electronic mail, posting on an electronic network or other forms of electronic transmission; (3) specify that special meetings of stockholders may be called only by resolution of the board of directors; (4) permit a meeting of stockholders to be adjourned by either the chairman of the meeting or by stockholders holding a majority of the stock present in person or represented by proxy at the meeting, whether or not a quorum is present; (5) specify the required vote at meetings of stockholders, in conformity with section 216 of the Delaware General Corporation Law; and (6) permit the Board to designate any officer to preside at meetings of the stockholders, and provide that the Chief Executive Officer shall preside in the absence of the Chairman of the Board. The by-law amendments also include other clarifications and updates and the removal of an obsolete provision regarding loans to officers and employees, as well as certain other non-substantive changes.

8x8 Inc. Hires Ryan Morrissey as New Senior Director of Product Strategy, Cloud Quality Management Solutions

8x8 Inc. announced an agreement to purchase certain assets of Quality Software Corporation. As a part of the transaction with QSC, 8x8 intends to hire QSC's CEO, Ryan Morrissey, as well as the company's development team in Romania. Morrissey will serve as 8x8's new senior director of Product Strategy, Cloud Quality Management Solutions.

8x8, Inc. Appoints Jared Smith-Mickelson to the Position of Vice President of Engineering

8x8 Inc. announced the appointment of Jared Smith-Mickelson to the position of Vice President of Engineering, reporting to 8x8 Chairman and CTO Bryan Martin. Mr. Smith-Mickelson will lead 8x8's worldwide development teams in defining, implementing and delivering the company's integrated cloud communications service offerings, as well as executing key future product development initiatives. Mr. Smith-Mickelson brings more than 15 years of development, management and engineering leadership experience to 8x8. Prior to that, Smith-Mickelson held several senior manager roles at Cisco Systems Inc. within the company's Data Center Application Services business unit and Wide Area Application Services business unit.


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Industry Average

Valuation EGHT Industry Range
Price/Earnings 100.0x
Price/Sales 5.0x
Price/Book 2.9x
Price/Cash Flow 414.3x
TEV/Sales 3.8x

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