8x8 Inc
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Information Technology : Software | Small Cap Growth
Company profile

8x8, Inc. provides cloud-based, enterprise-class software solutions. The Company's solutions are delivered through Software as a Service (SaaS) business model. Its segments include Americas and Europe. Its software platform brings together cloud, mobile, collaboration, video and data science technologies. Through a combination of open application program interface (API) and pre-built integrations, its solutions leverage critical customer context from internal data systems and customer relationship management (CRM) systems. Its software product, branded as 8x8 Virtual Office, delivers voice as a service across the world. 8x8 Virtual Office enables a customer to use a single business phone number to place and receive calls from any supported device. It provides software to enable a multi-channel contact center under the 8x8 Virtual Contact Center brand. Its Virtual Office Meetings software solution is a tool for teams within the enterprise to meet and collaborate on a shared project.

Closing Price
$17.28
Day's Change
-0.90 (-4.95%)
Bid
--
Ask
--
B/A Size
--
Day's High
18.25
Day's Low
17.21
Volume
(Heavy Day)
Volume:
2,003,149

10-day average volume:
1,579,636
2,003,149

Roku stock gains after KeyBanc chimes in with bullish rating

11:27 am ET September 15, 2020 (MarketWatch)
Print

Shares of Roku Inc. (ROKU) are up 5% in Tuesday trading after KeyBanc Capital Markets analyst Justin Patterson initiated coverage of the streaming-media company with an overweight rating and $228 price target. He argued that Roku is "under-monetized" compared to its peers given the size of the company's audience and that Roku could see faster revenue growth than is currently modeled by consensus forecasts. Patterson sees opportunities for the company to grow its ad-supported channels, deliver superior targeting, and improve its pricing relative to its advertising load. He also expects that the company will be able to grow its international business by entering new markets. He estimates that the company currently gets more than 85% of its revenue from the U.S. Roku shares have gained 54% over the past three months as the S&P 500 has risen 11%.

-Emily Bary; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

September 15, 2020 11:27 ET (15:27 GMT)

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