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Is It Time to Give Up on This Cloud-Based Communications Expert?

TheMotleyFool

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Is It Time to Give Up on This Cloud-Based Communications Expert?: https://g.foolcdn.com/editorial/images/763462/ag-tired-businessperson.jpg

I have a history of being bullish about cloud-based communications veteran 8x8 (NASDAQ: EGHT). In fact, I have liked the entire sector for years. A breakthrough in the high-volume mainstream always hovered just beyond the horizon. The benefits of low-cost voice calls, conducted over the open internet with a plethora of built-in extra features, were surely destined to result in incredible business growth.

Well, 8x8 just reported financial results for the third quarter of fiscal year 2024. Let me take this opportunity to review where 8x8 stands today and where the company may go from here.

First, here are the raw numbers.

Source Fool.com

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