8X8 traded at $2.42 this Wednesday May 6th, decreasing $0.35 or 12.50 percent since the previous trading session. Looking back, over the last four weeks, 8X8 lost 42.06 percent. Over the last 12 months, its price rose by 37.22 percent. Looking ahead, we forecast 8X8 to be priced at 2.39 by the end of this quarter and at 2.24 in one year, according to Trading Economics global macro models projections and analysts expectations.
8x8, Inc. is a provider of cloud-based, enterprise-class software solutions. The Company's solutions are delivered through a software as a service (SaaS) business model. The Company's 8x8 open communications platform is a highly available, fully redundant solution, supported by a single, standard and financially backed service-level agreement across unified communications as a service (UCaaS) and contact center as a service (CCaaS). Through its integrated technology platform, the Company offer its customers a portfolio of voice, video, contact center, chat and team collaboration, communication application programming interface (APIs) and business analytics solutions which include 8x8 Work, 8x8 Contact Center, 8x8 Meet, 8x8 Team Messaging, 8x8 CPaaS, and 8x8 X Series. 8x8 Work is a self-contained, feature-rich, end-to-end United Communications solution that delivers enterprise voice with public switched telephone network (PSTN) connectivity.