8×8 Inc (EGHT) : Traders are bullish on 8×8 Inc (EGHT) as it has outperformed the S&P 500 by a wide margin of 11.75% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 11.55%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 12.15% in the last 1 week, and is up 9.49% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 8.5% and the 50-Day Moving Average is 5.46%.The 200 Day SMA reached 20.93% 8×8 Inc. is up 7.18% in the last 3-month period. Year-to-Date the stock performance stands at 29%.
8×8 Inc (EGHT) : Currently there are 10 street experts covering 8×8 Inc (EGHT) stock. The most bullish and bearish price target for the stock is $22 and $14 respectively for the short term. The average price target of all the analysts comes to $16.9. The estimated standard deviation from the target is $2.18.
For the current week, the company shares have a recommendation consensus of Buy. 8×8 Inc (NASDAQ:EGHT): The stock opened at $14.76 and touched an intraday high of $14.86 on Friday. During the day, the stock corrected to an intraday low of $14.49, however, the bulls stepped in and pushed the price higher to close in the green at $14.77 with a gain of 0.07% for the day. The total traded volume for the day was 8,177,116. The stock had closed at $14.77 in the previous trading session.
8×8, Inc. (8×8) offers Software as a Service (SaaS) communication solution. The Company is engaged in business cloud communications and development and use of Internet protocol voice, video and data communication technologies in a true SaaS model. The 8×8 unified cloud communications solution addresses the shortcomings of legacy and point solution cloud services through its pure cloud Software as a Service offering. The Companys Infrastructure Manager abstracts complex global interconnectivity between Voice over Internet Protocol (VoIP) and traditional public switched telephone network (PSTN) providing customers with a phone system that can reach any phone in the world whether wireless or wireline. Its Integration Manager integrates with third-party applications, including Salesforce.com, Microsoft Dynamics, NetSuite, Zendesk and many others, to provide integrated applications functionality within its communications and collaboration services.