JUMP REPORT
Avg Daily Volume: 1,875,448 Market Cap: 1.44B
Sector: Technology Short Interest: 25.75
EARNINGS EXPECTATIONS:
THIS QTR: EPS: – .14/share REV: 119.3/M
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LAST QTR: EPS: -.17/share ACTUAL: -.17/share (MISS)
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NEXT QTR: EPS: -.11/share REV: 121.6/M
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FULL YR: EPS: -.62/share REV: 443.9/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 45% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 6.27, -9.38, -12.44
EXPECTED JUMP MOVE: 10%
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*** With market volatility at extremes during the coronavirus pandemic there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading.
Links To Latest News and Headlines
8×8 (EGHT) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
LONDON, May 26, 2022–8×8, Inc. (NYSE: EGHT) today announced that Swim England has deployed 8×8 XCaaS to provide its employees with flexible, remote work capabilities
The heavy selling pressure might have exhausted for 8×8 (EGHT) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
8×8, Duck Creek Technologies, Paycom Software and Veeva Systems have been included in this Analyst Blog.
A rapid rise in spending on cloud infrastructure services is helping companies like 8×8, Inc. (EGHT), Duck Creek Technologies, Inc. (DCT), Paycom Software, Inc. (PAYC) and Veeva Systems Inc. (VEEV).
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