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Robert W. Baird & Co. 2018 Global Consumer, Technology & Services Conference
June 7, 2018 THURSDAY
New York, NY
Attendee: Mary Ellen Genovese, Chief Financial Officer
Presentation – 9:40 a.m. Eastern Time
Yesterday:Bank of America Merrill Lynch 2018 Global Technology Conference
June 5, 2018
San Francisco, CA
Attendees: Vikram Verma, Chief Executive Officer and Mary Ellen Genovese,
wow some gap down, wut happened?
Choppy chart today. Bargain on the dip if you believe in the business plan that is in motion and working. So the company came in under guidance a little bit, as the company spent a little more than was forecasted. So the company being more aggressive in getting people and product in place overwhelmed some holders. So we had an aggressive dip in share price in response, much like we had before, but actually not as severe.
Oh well you either believe or you do not. Major clue that business is fantastic is the 30% increase of employees planned to be hired.
Well I look forward to reclimbing to new 52 week highs.
Everyone knew and or should have known that eventually the company had to expose expansion expenses. Business growth is booming and yes the money is being spent as it is being earned for the time being. Growing a network takes time and money. EGHT has the money.
Growth will accelerate.
Growth is hugely positive. Even going to hire about 360 new employees in their new 2019 fiscal year which has started. Already have 1200 employees.
30% new employee was the fact mentioned.
Global carrier network has customers in 157 countries around the world.
15th Annual Craig-Hallum Institutional Investor Conference
May 30, 2018
Minneapolis, MN
Attendee: Mary Ellen Genovese, Chief Financial Officer
One-on-one format
An acquisition to upgrade quality making a better experience for business with their customers.
GROWTH = MarianaIQ acquisition.
8x8 continues to keep getting bigger and better.
Just noticed. EGHT hit $23.05 as a new high. Must of been yesterday.
NICE! THe word is NICE!
New 52 high. EGHT working $21.50. Oppenheimer $25.
Ratio to target is 16.2% from $21.50 to $25
Nice!
Gettel owns 17 automotive dealerships throughout Florida, including Acura, BMW, Buick-GMC, Chevrolet, Chrysler, Dodge, Hyundai, Jeep, Lincoln, Mitsubishi, Nissan, Porsche, Ram, Toyota and Volkswagen.
https://www.gettel.com/locations/index.htm
8x8, Inc. to Announce Fourth Quarter and Full-Year Fiscal 2018 Financial Results on May 24, 2018 (Thursday). After-market close.
8X8 Price Target Announced at $25.00/Share by Oppenheimer
April 19, 2018
08:15 AM ET
"8x8, Inc. initiated with an Outperform at Oppenheimer.
Oppenheimer analyst Timothy Horan started 8x8, Inc. with an Outperform rating and $25 price target. The company is well positioned to capture share in the fast-growing UCaaS/Collaboration market, Horan tells investors in a research note. The analyst expects accelerating adoption of UCaaS and says 8x8 has the most experience and largest breadth of services versus peers.
Source: theflyonthewall.com"
Note:
Borrowed this post from Yahoo Finance EGHT message board.
Oppenheimer Upgrade! Superb!
Must be very reputable to influence a new 52 week high, even though after hour. I appreciate the informative posting. When did the FlyOnTheWall issue the upgrade? Was there any commentary to go along with the upgrade?
Upgrade on Flyonthewall to $25.00
EGHT: $20.90 up 7.18% in after hours. Volume 16,583. Highly unusual after hour retail activity. $20.25 is the 52 week high.
EGHT: Very unusual after hour bump up to $19.75. I rarely see EGHT after market activity, volume 11,465. Something has someone excited in the retail sector.
8x8 Awards speak for themselves. https://www.8x8.com/about-us/awards
One of the World’s Largest Cigar Companies, Swisher International, Selects 8x8 to Enhance Global Communications, Collaboration and contact center solution.
https://ih.advfn.com/p.php?pid=nmona&article=76689289
This news is very significant in my opinion. It is worth repeating the awareness of this game changing news.
Stock symbol EGHT (8x8)
My Opinion.
The NEW 8x8 Virtual Office Meetings An Overview - RECUT
I like your $35 or better figure. I myself have accumulated and held for a long time also. Expect more excitement as Enterprise companies select 8x8 for services.
MY OPINION.
Nice to hear from you.
TechKim, you've been here for years! And so have i since 2011..just seldom visit to post..Stuck my $3500 EGHT investment under the pillow ..EGHT not sexy, makes little news...but just keeps creeping upward.. 500%+ gains good stuff...EGHT stays under pillow until $35....gl
Very strong against the down wave. Impressive. $20
EGHT will close at new high today above $20.
One million companies 8x8 may very well now have an in with, by hiring Hunter Middleton, Ph.D. "was the Head of Product Management at Google for Work Systems, and formerly led the Google Apps Enterprise product team as it grew to serve over one million companies worldwide"
Read article. https://finance.yahoo.com/news/former-google-g-suite-product-133000537.html
OPINION: 8x8 may very well be turning on the customer growth accelerator . Of course time will tell, but it is likely.
Average 25 day volume is 1.1m, reflecting today's volume 1.01m.
High praise for another 52 week high of $19.75, closing at $19.65
:)
Very interesting bio and background for Christopher Peters.
Christopher Peters
Global Channel Chief, Global Channel Sales, 8x8, Inc.
https://www.crn.com/channel-chiefs/cc2018-details.htm?c=1&wc=4
This article may help an investor going forward in my opinion.
New 52-week highs next week for sure. EGHT expanding quickly.
Feb 27, 2018, Morgan Stanley Technology, Media & Telecom Conference
This should stir the investment community up a bit. There are many who only had known 8x8 as a small company. When they see and hear the level of growth and the global expansion I would tend to think some older influenced investors who had shied away from investing in EGHT. Will be taking a big second look. I think we are in a good position going into this conference. Will have to wait and see.
Swisher International is a very huge enterprise customer. You might say that EGHT has earned some bragging rights for this deal. The business plan is in order and appears organized ahead of schedule producing this tremendous customer.
Very impressive.
One of the World’s Largest Cigar Companies, Swisher International, Selects 8x8 to Enhance Global Communications, Collaboration and Customer Engagement
Business Wire Business WireFebruary 12, 2018
SAN JOSE, Calif.--(BUSINESS WIRE)--
8x8, Inc. (EGHT), a leading provider of global cloud communications and customer engagement solutions, today announced it has been selected by Swisher International, Inc., one of the world’s largest cigar companies, to enhance communications and collaboration across its 1,300-employee global organization in order to deliver exceptional customer experiences.
Swisher International, headquartered in Jacksonville, Florida with manufacturing facilities in Wheeling, West Virginia and Santiago, Dominican Republic, exports cigar products to over 80 countries. With globally distributed employees, partners and customers, the company realized it needed to replace disparate cloud systems with a modern, unified cloud communications, collaboration and contact center solution to enable a higher level of customer engagement and accelerate the next phase of global growth.
“Everyone at Swisher is involved in providing an excellent customer experience from the world class manufacturing and operations team to the record breaking sales team. Our fragmented communications systems were difficult to manage, lacked critical features, and were plagued by dropped calls and poor voice quality, which seriously impacted the level of service we could provide customers,” said Eric Tewey, Vice President, Information Technology at Swisher International, Inc. “In order to enhance customer experience and take our business to the next level, it was important for us to partner with a provider we can truly trust. 8x8 delivers on all fronts, providing Swisher with great customer support, proven voice quality and world-class communications, collaboration and contact center services at a global scale.”
After extensive review of cloud solutions, Swisher selected the easy to deploy and manage, integrated 8x8 Virtual Office and 8x8 Virtual Contact Center solutions, which will allow Swisher International employees, partners and customers to seamlessly communicate, collaborate and engage across all of its global locations at any time on any device or channel. Swisher chose 8x8 for its:
Superior 24/7 follow-the-sun customer service and support
Highest audio voice quality (1)
Comprehensive contact center, telephony, video, conferencing and collaboration features with a single set of data and analytics platform
Global reach and network
Tight integration to systems of records
“As we enter the third wave of enterprise communications, more and more companies recognize that an integrated cloud communications, collaboration and contact center solution can provide them with a distinct competitive advantage and enhance both employee and customer engagement,” said Scott Sampson, Senior Vice President of Midmarket & Enterprise at 8x8, Inc. “We are excited to work closely with Swisher as it transforms the customer experience to drive positive business outcomes.”
About 8x8, Inc.
8x8, Inc. (EGHT) is a leading provider of global cloud communications and customer engagement solutions to over a million business users worldwide, empowering them to deliver exceptional customer experiences. For additional information, visit www.8x8.com, or follow 8x8 on LinkedIn, Twitter, and Facebook.
(1) In its report “Analysis of Cloud Communications VoIP Quality Under Normal and Adverse Network Conditions” (May 25, 2017), the Tolly Group tested the voice quality of solutions offered by several leading cloud communications vendors under a range of network conditions and determined that the 8x8 Virtual Office solution delivered the best voice quality in a majority of the test cases.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180212005394/en/
EGHT heading for a new 52-week high. Looking very very good here.
EGHT hitting $18.35! Weeeeeeeeeeeeeeeeeeeeeeeeeeee!
BofAML announced it had changed its price objective on EGHT from $19 to $22 on 01/26/2018
EGHT announced earnings of $0.02 on 01/25/2018
BofAML changed its earnings estimate on EGHT on 01/26/2018
Personally, I think EGHT is long overdue for a better share value. 45 channel partners cannot be wrong, someone has to be doing something right to have such a large group believe in all one company products and services. Must remember those channeled partners have their own business reputations to build also. So 8x8 has to be on top of their game to deliver reputation.
One highlight that should also be mentioned is that EGHT can bundle many services, where in most cases the competition cannot do it as well. That puts EGHT over the top.
The conference call was chucked full of ENTERPRISE and MID MARKET boasting.
The new business plan is barely in motion and the activity is tremendous already. After hearing some of the customer numbers. I am sure 8x8 is really getting noticed by those who have commanded the center of attention in the communication industry.
OPINION
Afterhours was a great trade. Sold at $17.50 to $17.60. Not sure what will happen tomorrow AM it could run higher.
As of September 30, 2017, there were approximately 91,953,596 shares of Common Stock outstanding (Posted as an update only)
Check this out 8x8 Building #1 if you scroll down
http://www.colemanhighline.com/construction/
Video of 8x8 new home area (COLEMAN HIGHLINE, San Jose, CA_Oct.2014)
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