8x8 (EGHT) Reports Q1 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for 8x8 (EGHT) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
8x8 (EGHT) Meets Q1 Earnings Estimates
8x8 (EGHT) came out with quarterly earnings of $0.08 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.13 per share a year ago.
8x8: An Unlikely Deep Value SaaS Play
8x8 continues to report and guide for stagnant revenues as the company is losing against its still growing competition. As insiders have continuously sold shares and the guidance expects continued stagnancy, a growth recovery seems unlikely. High continued SBC could deteriorate shareholders' equity as the share price has plummeted.
3 Sorry Telecom Stocks to Sell in May While You Still Can
The telecom industry is bouncing back, fueled by the growing demand for connectivity and Internet-of-Things (IoT) services. However, it continues to navigate a maze of challenges though, with geopolitical tensions and persistent inflation weighing down its recovery.
