8x8 Reports Q4 Revenue of $185.2M, Posts $100K Net Income
EGHT sits 46% above its 52-week low of $1.56.
Summary
8x8 Inc. announced its fourth-quarter financial results, reporting revenue of $185.2 million. The company also posted an operating income of $3.3 million, an adjusted operating income of $19.8 million, and a net income of $100 thousand. These figures provide crucial insight into the company's recent operational performance and profitability. Traders will closely analyze these results against market expectations to inform their investment decisions and assess the company's financial trajectory.
At the time of this announcement, EGHT was trading at $2.27 on NASDAQ in the Technology sector, with a market capitalization of approximately $335.8M. The 52-week trading range was $1.56 to $2.88. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Reuters.