2024-06-30 01:57:39 ET
Summary
- 8x8 continues to report and guide for stagnant revenues as the company is losing against its still growing competition.
- As insiders have continuously sold shares and the guidance expects continued stagnancy, a growth recovery seems unlikely.
- High continued SBC could deteriorate shareholders' equity as the share price has plummeted.
- The valuation prices in stagnant revenues. An immensely valuable deep value opportunity could exist if growth returns, but a bullish scenario currently seems highly unlikely.
8x8, Inc. ( EGHT ), the SaaS cloud communications solution provider, has continued reporting stable revenues not showing signs of meaningful top line growth. My previous article on 8x8, titled “ 8x8: Waiting For A Growth Recovery ”, went over 8x8’s overall financial profile and the company’s recently lacking growth. No signs of growth resuming has since been reported, as 8x8 continues to try to improve its offering’s appeal....
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For further details see:
8x8: An Unlikely Deep Value SaaS Play