Why 8x8 (EGHT) Stock Is Up Today

StockStory11-06

Why 8x8 (EGHT) Stock Is Up Today What Happened? Shares of business communications software company 8x8 (NYSE:EGHT) jumped 26.3% in the morning session after the company reported strong third-...

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Management observed strong growth in the usage of existing solutions, which contributed to improved retention. The trend continues as the company also observed growth in the sales of new products. On the other hand, its revenue guidance for next quarter missed analysts' expectations, but the market seems willing to overlook this. Overall, this quarter had some key positives.Today’s young investors likely haven’t read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4023":"应用软件","EGHT":"8x8 Inc"},"translate_title":"为什么8x8(EGHT)股票今天上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EGHT":1},"content_text":"Why 8x8 (EGHT) Stock Is Up Today \n \n\nWhat Happened?\nShares of business communications software company 8x8 (NYSE:EGHT) jumped 26.3% in the morning session after the company reported strong third-quarter earnings, which blew past analysts' EBITDA and billings expectations. Management observed strong growth in the usage of existing solutions, which contributed to improved retention. The trend continues as the company also observed growth in the sales of new products. On the other hand, its revenue guidance for next quarter missed analysts' expectations, but the market seems willing to overlook this. Overall, this quarter had some key positives. \nIs now the time to buy 8x8? Access our full analysis report here, it’s free.\nWhat The Market Is Telling Us\n8x8’s shares are extremely volatile and have had 48 moves greater than 5% over the last year. But moves this big are rare even for 8x8 and indicate this news significantly impacted the market’s perception of the business. \nThe biggest move we wrote about over the last year was 3 months ago when the stock dropped 39% on the news that the company reported second quarter earnings results. Its full-year revenue guidance was below expectations, and its revenue guidance for next quarter missed Wall Street's estimates. In addition, all key operating metrics we track fell below Wall Street's estimates during the quarter, including revenue, billings, ARR (annual recurring revenue), adjusted operating income, and EPS. Overall, this was a weaker quarter for 8x8.\n8x8 is down 21.3% since the beginning of the year, and at $2.89 per share, it is trading 25.9% below its 52-week high of $3.90 from December 2023. Investors who bought $1,000 worth of 8x8’s shares 5 years ago would now be looking at an investment worth $149.59. \nToday’s young investors likely haven’t read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481340896"}