$EGHT breakout gap Nasdaq $12.50 called 7/14/14
Post# of 63699
Nasdaq $12.50
called 7/14/14 $8.46
Website
Shares Outstanding: 89.29M
Float: 85.59M
% Held by Insiders: 1.68%
% Held by Institutions: 66.40%
Shares Short (as of Dec 31, 2015): 2.97M
Short Ratio (as of Dec 31, 2015): 4.37
Short % of Float (as of Dec 31, 2015): 3.86%
Shares Short (prior month): 2.99M
Headlines
8x8, Inc. provides voice over Internet protocol (VoIP) technology and software as a service (SaaS) communication solutions in the cloud for small and medium businesses and mid-market and distributed enterprises. The company delivers a suite of SaaS services to in-office and mobile devices spanning cloud telephony, virtual contact center, and virtual meeting through its proprietary SaaS platform. Its software abstracts complex networking, redundancy, security, and interconnection requirements to provide a solution for customers. The companys software also integrates with enterprise resource planning, customer relationship management, human capital management, and other third-party application suites to provide organizations an integrated business communications and collaboration experience that is critical to operate their business. Its Infrastructure Manager software abstracts complex interconnectivity between VoIP and public switched telephone network, providing customers with a phone system that can reach any phone in the world whether wireless or wireline. The companys Integration Manager software integrates with third-party applications allowing customers to access data while communicating with their clients or collaborating with colleagues. Its services include 8x8 Virtual Office, a SaaS cloud based replacement for legacy on premises business phone systems; 8x8 Virtual Contact Center, an integrated cloud-based call center solution; 8x8 Virtual Meeting, a Web event service; and 8x8 Virtual Office Analytics, a suite of Web-based tools that provides enterprise-level analytics. The company markets its services to end users through direct sales force, Website, and channel partners primarily in the United States. It serves approximately 41,600 business customers with approximately 650,000 subscriptions. 8x8, Inc. was founded in 1987 and is headquartered in San Jose, California.