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8×8, Inc. (EGHT)

8×8, Inc. (EGHT)

8×8, Inc. (EGHT) is an American provider of IP telephony. 8×8, Inc. was incorporated in 1987. 8×8 stock has returned 76.81% to investors over the last 12 months.

On May 26, 8×8, Inc. announced a collaboration with Sandler Partners. The partnership allows Sandler Partners to provide 8×8 XCaaS to more than 9,000 technology partners. On May 10, 8X8 declared its FY 2021, where earnings per share of -$1.57 compared to -$1.72 a year ago. The company also announced its revenue of $532.34 million, up from $446.24 million in FY 2020. On June 8, the communications firm 8×8 gained 4.2% after hours, after CEO David Sipes bought 43,000 shares at $23.47, worth over $1 million of company stock.

Brian Higgins’ King Street Capital currently holds 1.97 million shares of 8×8 Inc. that amounts to $63.75 million. Higgins upped his stake in the company by 185% in the last quarter, and it now occupies 4.76% of his total portfolio. I

Just like T-Mobile Us Inc (TMUS), Cheniere Energy, Inc. (LNG), Wells Fargo & Company WFC), QUALCOMM Incorporated (QCOM), and Booking Holdings Inc. (BKNG), 8×8, Inc. (EGHT) is one of the best stocks to buy according to Brian Higgins.

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Gordon Fox is the editor of investinglate.com and writes about Investments, Savings, and how to make the most of your money