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$15 new 52 week high. First thing on a Monday morning! weeeeee
It all about market share and or shelf space as some prefer. All the same in general. I tend to believe there may be an explosion of excitement working in the mid market customer sector. The turn over rate proves customer satisfaction is exceedingly excellent. Word of mouth between clerical services sectors goes a long way.
My opinion.
Agree 100%. EGHT has a better market share then the competition hands down. Don't see anything out there that even comes close to EGHT. GLTY!
I like the attitude. What do you base your prediction on though?
In my opinion 8x8 is an easy $21 stock, but I take future into account strongly. I am very willing to say $32 heading high wind forward once the mid market revenue begins to triple. Presently there is a load of business excitement. Which will remain for sometime up against the competition which seems to be losing market share readily.
EGHT will make even higher 52-week highs this week. Very positive outlook ahead for EGHT. GLTY!
Volume exceeded the average by nearly 300,00 shares. $14.62 new high
Investors are sure liking 8x8.
Smashing the 52 week record high! $14.57! Blow out and smoking!
All on an under averaged volume day. Either those multiple conferences woke some investment money up or something else unknown to me sparked the good life of the share price.
EGHT growing rapidly and expanding in many new markets. GLTY!
45,000 Customers, 114 Countries, 100+ Million Calls Monthly
EGHT moving toward $15 without too much resistance IMO. GLTY!
Softbank is loaded with cash and is unloading billions of dollars of AliBaba shares. I do not believe it is all to soften the debt of Sprint.
SoftBank is reputed to buy telecom and internet service companies.
Softbank's Sprint uses 8x8 services through a reseller/maybe a channeled partner. That is why I mention it.
supportive article http://blog.8x8.com/2013/07/8x8-softbank-world-tokyo/
Upcoming investor conferences.
13th Annual Craig-Hallum Institutional Investor Conference
June 1, 2016
The Depot Renaissance Minneapolis Hotel, Minneapolis, MN
One-on-one format
Bank of America Merrill Lynch 2016 Global Technology Conference
June 2, 2016
Ritz-Carlton Hotel, San Francisco, CA
Presentation - 1:20 pm PDT
Webcast - http://investors.8x8.com/events.cfm
Robert W. Baird & Co. 2016 Global Consumer, Technology & Services Conference
June 8, 2016
JW Marriott Essex House, New York, NY
Presentation - 3:45 pm EDT
Webcast - http://investors.8x8.com/events.cfm
Citi 2016 Small & Mid Cap Conference
June 9, 2016
Lotte New York Palace Hotel, New York, NY
Presentation - 1:35 pm EDT
William Blair 2016 Growth Stock Conference
June 15, 2016
Four Seasons Hotel, Chicago, IL
Presentation – 3:30 pm CDT
Webcast - http://investors.8x8.com/events.cfm
Looks rather impressive "Movement Mortgage Chooses 8x8 Enterprise Cloud Communications to Support Rapid Company Growth"
8x8 customer Lazy Dog Restaurants.
https://www.lazydogrestaurants.com/menu
8×8’s State of Channel Program, My Exclusive Interview at CPExpo
VoIP & UC , March 21, 2016
Jon Arnold
I had a chance to catch up with 8×8 at Channel Partners, mainly to talk further about their recent announcements, all of which validate their strong momentum as a leading hosted provider. There was so much ground to cover that I met with two execs; Carlos Roman, Sr. Director of Partner Marketing and John Fomook, VP Corporate Marketing. Caveat before continuing – these updates are extensive, but won’t be GA until Q2 of this year.
On a broad scale, the main story is the company’s transition from its roots in consumer VoIP to SMB and more recently up-market to mid-size and enterprise VoIP customers. Only a handful of residential subscribers remain, and the focus now is entirely on cloud-based solutions, all built largely on home-grown technology. There’s a case to be made for this approach, and with a strong patent portfolio, there’s more to 8×8’s valuation than their customer base. Having followed 8×8 since 2001, I should add this was out of necessity as much as by design, since much of the technology we take for granted now simply didn’t exist back then.
Takeaway #1 – Ease of Use, for Channels and End Users
Another benefit of taking this path is having more control for building ease of use into everything – the applications, the platform, the architecture, etc. This isn’t important just for end customers, but for the channel too, since they need to be comfortable selling and supporting 8×8.
One example cited was for their Virtual Contact Center platform where a new CRM integration enables self-configuration without the need for outside help. Furthermore, they’ve added a unique set of Customer Journey Analytics capabilities, where supervisors can review the complete path taken during a session with the contact center. Multichannel is the norm now, where a session may start out with IVR, then go to chat, and from there voice or even video. That’s a lot to track, and it’s hard to tell how efficient this journey really is.
These analytics will tell them what channels are working best for each customer, allowing them to optimize resource planning. There’s a lot of value there, made possible because all these applications and channels run on a single platform. With other providers, each channel is on its own platform, and integrating across different systems, vendors, etc. makes it too complex to deploy and manage.
Simplicity is a buzzword that everyone is following right now – mainly because sales success is driven now by the user experience as much as the technology itself – and it’s clear to me how much easier this is to bake into your offerings when the underlying technology is yours.
There’s a lot more to explore in their news, especially Virtual Office Meetings, where end users can seamlessly share content and contacts across all devices and networks. Combine this with the new capabilities for their Virtual Contact Center platform, all running on their own cloud – where they can offer SLAs over the public Internet – and it’s easy to see why 8×8 is having success winning enterprise accounts. Let’s move on.
Takeaway #2 – The Channel Strategy is Working
The second takeaway is how well the channel is working to accelerate their growth. Overall, the company has seen a 29% YoY revenue growth (based on last earnings announcement). New monthly recurring revenue (MRR) sold to mid-market and enterprise customers and by channel sales teams increased 94% year-over-year. With roughly half their revenues now coming from this end of the market, 8×8 is showing separation from the wide pool of OTT and MSP players chasing the UCaaS/VoIP market. It’s fair to say that for most of these players, the majority of customers are SMBs or even SOHO. Being weighted more up-market, this translates into a much higher ARPU for 8×8. Who cares about that? The channel, of course.
For channels looking to partner with the right cloud provider, would you not gravitate towards the one with the highest ARPU? It’s all about the money at the end of the day, and I can see how this helps drive 8×8’s success story in the business market. Add to that the company’s strong financial position – 23 consecutive quarters of profitability – and it’s clear why 8×8 is a good growth story.
Looking ahead, it’s worth noting that most of the market is still on legacy telephony and/or premise-based systems, so the upside for channels with a partner like 8×8 is promising. For this reason, 8×8 has invested a lot of dedicated resources to supporting the channel – co-branded collateral, sales training certification, a new portal to make doing business easier, new GTM playbooks to do outbound selling for lead gen, etc. These are the things channels look for, so this sends a strong message about 8×8’s commitment to supporting them. That message is hard to miss here at the conference, and the timing was good to get these updates first-hand just as the show floor was about to open.
https://getvoip.com/blog/2016/03/21/8x8-state-of-channel-cpexpo/
"8x8 was the only vendor that offered an integrated solution with HIPAA compliance. "
From today's press release. http://finance.yahoo.com/news/8x8-gains-significant-momentum-mid-131500820.html
For those who know and for those who think they know. HIPPA is a time consuming, financial consuming law for all medical and associated companies in the medical patient setting. Compliance has consumed a large amount of resources that has increased the overall costs of medical services.
I would urge investors to listen to the new conference call replay.
By the way, there is still an active buy back program in motion.
Strong growth is forecast. It is not just a sales person approach marketing. People are beginning to approach on their own. I find that significant, as business turns to the cloud.
$13.65 with massive volume. New 52 week high!
Nomophobia is the fear of being out of mobile phone contact. It is, however, arguable that the word "phobia" is misused and that in the majority of cases it is only a normal anxiety.
Although nomophobia does not appear in the current DSM-V, it has been proposed as a "specific phobia", based on definitions given in the DSM-IV.
114 patents now part of the 8x8 experience. Congratulations!
McDonald’s Franchisee Lowers Phone Bill 35% and Achieves Highest Regional Uptime with 8×8 Hosted VoIP
When IT consultant Jay Daniel was asked to find a new, more affordable phone system for a McDonald’s franchisee with 20 restaurants, he knew what to look for: a fully hosted solution with predictable monthly costs and highly reliable uptime. 8×8 fit the bill, and now the client’s phone bill is 35% lower while uptime has never been higher.
Contrary to popular belief, VoIP phone service isn’t always cheap—you have to pick the right provider. That’s the reality IT consultant Jay Daniel faced when a McDonald’s franchisee in Nashville, Tennessee asked him for help back in 2010. Although phone service for the franchisee’s 20 restaurants was being hosted by a local Internet Service Provider (ISP), costs were out of control and downtime was a constant problem. With the service contract about to end, the franchisee asked Daniel to recommend a replacement system.
In Daniel’s view, the McDonald’s franchisee was not getting the best deal from the local ISP. He was renting outdated Cisco phones for $20 a month and paying per-minute charges for toll and long distance calls. In fact, Daniel estimates he was only saving about 20% over the cost of traditional copper lines.
“The restaurant owner was paying too much and not getting a lot for it,” says Daniel. “The local ISP had taken advantage of the fact that he was not tech-savvy.”
8x8 SavingsPredictable, Low Fees Slash Total Cost of Ownership (TCO)
Having worked with a number of different VoIP providers in the past, Daniel quickly came up with a short list of candidates for the replacement system. 8×8 was one of them. “For this client, I liked the idea of a hosted solution,” explains Daniel. “I knew it would help them keep their TCO [total cost of ownership] down.”
In considering bids from two other VoIP providers, he soon discovered deal-breakers. The first company wanted the franchisee to maintain service via SIP trunking, which would significantly increase TCO and not be cost-effective. The second company offered only metered service, which would make the franchisee’s phone costs unpredictable.
“8×8 won out because of the numbers,” says Daniel. “Their fees were lower and consistent from month to month. It was a much better cost structure for a franchisee with 20 restaurants distributed across two counties.”
8×8 Smoothly Manages Complicated Number Porting
Although the McDonald’s franchisee only needed standard 8×8 service at the restaurants, there was a challenging complication: the 20 sites had more than 80 telephone numbers from over a dozen different providers! All of these numbers had to be ported to the 8×8 system, while incurring as little downtime as possible for the restaurants.
“8×8 managed the number porting for us and they did a beautiful job,” says Daniel. “There was very little downtime, and the whole process was smooth as ice.”
Within 12 weeks, all the restaurants’ numbers had been successfully ported over to 8×8, and by January 2011, all 20 restaurants had moved to 8×8 service.
Costs Go Down 35%—and Reliability Is the Highest in the Region
Since switching to 8×8, the franchisee’s phone costs have gone down 35%, which is less than half the cost of traditional landline service. Downtime has also been dramatically reduced.
“We used to have at least one restaurant down every single day,” says Daniel, who has continued on as IT director for the franchisee. “Now we have the most uptime of any McDonald’s franchise in the Indianapolis region, which includes the greater Nashville area.”
McDonald's Franchise
Tough, Easy-to-Use Cordless Phones and Fax Provide Great Voice Quality
Restaurant environments are notoriously hard on IT equipment. McDonald’s managers use high-quality desk phones in their offices, but out on the restaurant floor, cordless phones are a must.
The local ISP had used analog adapters that were not robust and did not deliver good voice quality. Daniel and the McDonald’s franchisee were pleased to find that 8×8’s analog telephone adapter (ATA) technology works very well.
“With 8×8’s ATA adapters, we can purchase inexpensive phones and fax machines for the restaurants and then replace them as needed,” says Daniel. “The adapters are very easy to use—we just plug them in and they work! The voice quality is also much better than we had before.”
Simplified System Administration Saves Time
Daniel also appreciates 8×8’s easy-to-use, web-based system administration features, which enable him to configure phone features for the restaurants.
“Our restaurants are busy and can’t typically return calls, so we disable features like voicemail and call waiting on our main public numbers,” he explains. “Before, it was either impossible to deactivate those features, or we had to go through the ISP to do it. With 8×8, we can set up our own configuration directly, without waiting for outside help.”
In October 2013, Phil Gray purchased the McDonald’s restaurants from the previous owner. He now has 24 locations, and plans to further expand the franchise. Thanks to 8×8, the ramp-up time for new locations is just a few days.
“About a week before we’re due to open a new location, we go to the restaurant site and plug in the ATA adapters,” Gray explains. “Once we confirm they’re working, we know we’re ready to go.”
An Amazingly Reliable Phone System that “Just Works”
These days there’s a lot of buzz about ensuring a good customer experience, but Daniel likes the fact that he rarely has to ask for support.
“Our 8×8 phone system is kind of invisible because it just works,” he says. “It’s amazing how few problems we have and how few devices have failed. 8×8 is exceedingly reliable—no care or feeding required!”
Proven enterprise-grade communications
https://www.8x8.com/why-8x8/enterprise-grade-communications
8x8 expands into a billion dollar business environment in northern UK. It just keeps getting better.
Hear 8x8 CMO Enzo Signore's interview with Rich Tehrani of TMC on 8x8's global expansion, the latest shifts and trends in cloud communications, and the 8x8 advantage.
http://www.tmcnet.com/tmc/videos/default.aspx?vid=11763&title=Editors%20Day%20Santa%20Clara%202015%20Interview%20with%208x8
8x8, Inc. today announced that CEO Vik Verma and CFO Mary Ellen Genovese will present at the Barclays 2015 Global Technology, Media and Telecommunications Conference.
8x8, Inc. (NASDAQ:EGHT), a provider of cloud-based unified communications and contact center solutions, today announced that CEO Vik Verma and CFO Mary Ellen Genovese will present at the Barclays 2015 Global Technology, Media and Telecommunications Conference at the Palace Hotel in San Francisco on Tuesday, December 8 at 1:05 pm PT.
A webcast of the presentation will be available live on the investor section of the 8x8 website at http://investors.8x8.com. A replay will be available for 90 days.
http://markets.siliconinvestor.com/siliconinvestor/news/read?Symbol=NQ%3AEGHT&GUID=31085379
Board Of Directors https://www.8x8.com/about-us/board-of-directors
Hear 8x8 CMO Enzo Signore's interview with Rich Tehrani of TMC on 8x8's global expansion, the latest shifts and trends in cloud communications, and the 8x8 advantage.
http://www.tmcnet.com/tmc/videos/default.aspx?vid=11763&title=Editors%20Day%20Santa%20Clara%202015%20Interview%20with%208x8
I am about certain, but I think the whole family of shareholders will be made financially whole when the share price reaches around $12.60. Before the dilution financing. The share price had grown to around the $12.50 value.
Personally I will never understand why the company took on such a large financing, as there was cash in the vault and building. Nor will I understand why the financing was offered at a large discount to the then new 52 week high. It was a sour point for investors and the share price had paid for it ever since up until now. The momentum soon died thereafter.
So I for one am very glad to see momentum enthusiasm once again.
OPINION
Thanks, Kim. Much appreciated. It's been a long time coming here. Nice to see the recent highs.
It is better to be a little late on acting on a golden cross when it forms. The same goes for a true golden cross. Nothing is absolute.
Recent example the symbol PAL formed a golden cross some several months ago. I also knew about the recent financing which I viewed as toxic in my opinion. The 50ma crossed upward on the 200ma, but the 200ma lagged with a downward line. Sure enough all hell broke out and the stock took a very bad turn downward. So seeing a golden cross, knowing history and waiting for both 50ma and 200ma to turn upward (TRUE) is generally a very bullish sign. Then waiting out several days to confirm the TRUE. I recall some posters acted on the initial PAL golden cross and got deep fried unfortunately. Might be a little late to the party, but small caps have their own dance on any giving moment of the day.
OPINION.
Ahh. thank you.
Both are turned upwards. 50 and 200ma's.
I see the cross of the 50 and the 200 back on October 26th or so, but what "True Golden Cross" are you referring to?
8x8 singing to new highs. A TRUE GOLDEN CROSS ALERT
A TRUE Golden Cross has formed for EGHT.
I have been watching. The basic golden cross was formed about 10 days ago. Today I feel safe in saying that EGHT goes beyond the basic golden cross to the higher level of a TRUE GOLDEN CROSS on the charts.
Harry Boxer's Chart of the Day (TheTechTrader.com): 8x8 Inc. (EGHT) has been in a pennant formation consolidating its big gains off the August low. The stock is in a rising triangle, or wedge, and very near the apex. There's some resistance at 11.60, and then 12 1/2. The long-term up-channel has a mid-channel target of 15, with the channel top pointing to 30.
That's what I thought. Thanks.
Institutional confidence.
Hey TechKim,
What significance does that fact hold for you?
8x8 Named a Challenger in Gartner’s 2015 Magic Quadrant for Contact Center as a Service, North America.
It just keeps getting bigger and better. No denying that!
"Our ability to offer a broad range of cloud- based mission critical communications services is bringing us larger deals where we continue to displace incumbent, premises-based systems."
note: line is from quarterly report
It is good to see the market finally rewarding EGHT with a higher share value.
Bizmatics testimonials. Earned bragging rights. I can bet 8x8 is proud to have Bizmatics as a customer.
http://bizmaticsinc.com/our-clients/
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