Here's Why 8x8 Stock Is Skyrocketing Today
Shares of 8x8 (NYSE: EGHT), a cloud communications platform provider, spiked today after the company announced that Dave Sipes would be its new CEO.
The tech stock gained as much as 40.6% today and was up 32.6% as of 1:14 p.m. EST.
Sipes was most recently the chief operating officer at RingCentral, where he helped the company grow from $10 million in annual revenue to $1 billion.
Source Fool.com
