8×8 Inc. (NASDAQ:EGHT) [Trend Analysis] regains street interests, as shares build up 7.33% on Monday and it traded at $12.60. The 52-week high of the share price is -7.69% and 52-week low of the share price is 71.43%. 8×8, Inc. (EGHT) released that record financial results for fourth quarter and fiscal year 2016 ended March 31, 2016. Total revenue in fourth quarter of fiscal 2016 increased 32% year-over-year to $57.3 million; service revenue increased 30% year-over-year to $52.2 million. Service revenue from mid-market/enterprise customers in the fourth quarter of fiscal 2016 grew 54% year-over-year and represents over 50% of Company’s total service revenue.
New monthly recurring revenue sold to mid-market/enterprise customers and by channel sales teams in the fourth quarter of fiscal 2016 increased 208% year-over-year and accounted for 66% of total MRR booked in the quarter. GAAP net loss in the fourth quarter of fiscal 2016 was ($1.1 million), or ($0.01) per diluted share.
Moving toward technical analysis, the current ratio, or the liquidity ratio of a company was calculated 5.40. This is an important indicator as a higher ratio typically suggests that investors are investing more confidently as compared to companies in the same industry has lower ratios. When calculating in the EPS estimates for the current year from sell-side analysts, the Price to current year EPS stands at -375.40%. Investors looking further ahead will note that the Price to next year’s EPS is 44.67%.
Major bullish and bearish trends reflect in rating research, from pool of WSJ analyst gave 20.00 as a highest price target, medium point hits to 14.00, while the lowest share price targets assigned 9.00. The data compelled by Wall Street Journal average suggest average price target would by 14.08, where as current price stood at 12.60.
Moderately analysts issue miscellaneous recommendation for EGHT, as 9 experts rated as “BUY” security, 1 analyst have faith on stocks as “Overweight,” moreover 2 experts rated as “Hold”. As for as concerns shares volumes, in share capital 8×8 Inc. (NASDAQ:EGHT) has 88.89 million outstanding shares among them 86.79 million shares have been floated in market exchange. The firm’s institutional ownership remained 74.10% while insider ownership included 1.70%.
The stock showed weekly upbeat performance of 9.38%, which maintained for the month at 12.10%. Likewise the positive performance for the quarter recorded as 13.82% and for the year was 46.68%, while the YTD performance remained at 10.04%.