Last $7.28 USD
Change Today -0.42 / -5.45%
Volume 1.8M
EGHT On Other Exchanges
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As of 8:10 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

8x8 inc (EGHT) Snapshot

Open
$7.64
Previous Close
$7.70
Day High
$7.80
Day Low
$7.26
52 Week High
03/18/14 - $11.64
52 Week Low
10/13/14 - $5.69
Market Cap
651.3M
Average Volume 10 Days
1.3M
EPS TTM
$-0.02
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
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $267.5K
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. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2014; Provides Earnings Guidance for the Fiscal Year 2015

8x8 Inc. reported unaudited consolidated earnings results for the second quarter and six months ended September 30, 2014. For the quarter, the company reported total revenue of $39.598 million compared to $30.815 million in last year. Income from operations was $2.502 million compared to $2.313 million a year ago. Income from continuing operations before provision for income taxes was $2.702 million compared to $2.314 million a year ago. Income from continuing operations was $1.291 million or $0.01 per basic and diluted share compared to $1.488 million or $0.02 per basic and diluted share for the last year. GAAP net income was $1.291 million or $0.01 per basic and diluted share compared to $2.231 million or $0.03 per basic and diluted share in last year. Non-GAAP net income was $4.257 million or $0.05 per diluted share compared to $4.071 million or $0.05 per diluted share in last year. Cash expenditures were $1.5 million in the quarter or 3.9% of revenue. For the six months, the company reported total revenue of $77.511 million compared to $60.066 million in last year. Income from operations was $3.005 million compared to $5.251 million a year ago. Income from continuing operations before provision for income taxes was $3.382 million compared to $5.267 million a year ago. Income from continuing operations was $1.299 million or $0.01 per basic and diluted share compared to $3.480 million or $0.05 per basic and diluted share for the last year. GAAP net income was $1.299 million or $0.01 per basic and diluted share compared to $4.370 million or $0.06 per basic and diluted share in last year. Net cash provided by operating activities was $8.630 million compared to $9.011 million a year ago. Purchases of property and equipment were $2.553 million compared to $1.445 million for the last year. Non-GAAP net income was $7.289 million or $0.08 per diluted share compared to $8.330 million or $0.11 per diluted share in last year. Cash expenditures were $2.6 million or 3.3% of revenue. The company increasing annual guidance for revenue growth to approximately 26% and now expect non-GAAP net income as a percentage of revenue in the 8% to 10% range for fiscal 2015.

ChenMed Deploys 8x8 HIPAA-Compliant Cloud Communications Solution at 36 Neighborhood Medical Centers

8x8 Inc. announced that ChenMed has deployed 8x8 Virtual Office services at 36 Chen and JenCare Neighborhood Medical Centers and two corporate offices in six U.S. states.

8x8 Inc. Announces Management Changes

8x8 Inc. announced the appointment of Mary Ellen Genovese as Chief Financial Officer. Ms. Genovese replaces Dan Weirich who announced he will be stepping down after ten years of service to accept a position at a privately held company with a cloud service in the big data space. Mr. Weirich will remain in his role through October 31, 2014, subsequent to the company's scheduled earnings release on October 22, 2014 and the filing of its quarterly report for the second quarter of fiscal 2015. Thereafter, he will continue as an employee with the company in an advisory capacity through December 31, 2014 to facilitate a smooth transition. Ms. Genovese brings over 25 years of executive experience, including serving as CFO of Trimble Navigation Limited.

 

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Price/Earnings NM Not Meaningful
Price/Sales 4.4x
Price/Book 2.3x
Price/Cash Flow NM Not Meaningful
TEV/Sales 3.2x
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