DALLAS, June 8, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring 8x8 Inc. (Nasdaq:EGHT). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
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8x8 Inc. (EGHT) develops and markets telecommunications services for Internet protocol (IP), telephony and video applications, as well as Web-based conferencing and unified communications services. In May 2010, the Company acquired Central Host Inc., a provider of managed hosting and cloud-based computing solutions and began offering 8x8 Managed Hosting and Cloud-based computing solutions to business customers.
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In the report, the analyst notes:
"EGHT climbed to $3.80 on Tuesday, a fresh 52-week high, before settling at $3.77, up $0.62, or 19.68%, as markets closed. About 3.64 million shares have traded hands during the session, versus the 10-day average volume of 1 million shares. The stock is currently trading above its 50-day and 200-day moving averages of $3.09 and $2.76, respectively."
"During the fourth quarter of fiscal 2011, EGHT reported a 24.4% year-over-year increase in revenue from business customers and the addition of a record number of new business customers through its inside sales force. It added 3,009 gross new business customers in the fiscal fourth quarter of 2011 and ended the period with 24,385 business customers in service."
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