8x8, Inc. Buyback
OLI recorded this information on 3/2/2015
Company:
8x8, Inc.
Buyback:
EGHT buyback
$Amount Authorized:
$20,000,000
Buyback Details:
8x8, Inc. (NASDAQ:EGHT), a leading provider of cloud-based unified communications and contact center solutions, today announced that its Board of Directors has approved a new share repurchase program authorizing up to $20 million in repurchases of the Company's outstanding shares of common stock. 8x8 had $187.9 million in cash, cash equivalents and investments as of December 31, 2014.
8x8 is a provider of software-as-a-service solutions for contact center, voice communications, video meetings, employee collaboration, and embeddable communication APIs. Co.'s solutions include: 8x8 Work, which is an end-to-end United Communications as a service solution that delivers enterprise-grade voice with public switched telephone network connectivity; 8x8 Contact Center, which is a multi-channel cloud-based contact center solution; and 8x8 communications platform-as-a-service, which enables businesses to directly integrate Co.'s platform services within their websites, mobile apps and business systems for personalized customer engagement.
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Avg. Broker Rec.
  
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Buy (2.54 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: EGHT Stock Forecast Based on Zacks ABR data; powered by Xignite |
