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Why 8x8 Stock Popped Today

TheMotleyFool

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Shares of 8x8 (NYSE: EGHT) gained 9.5% today after several Wall Street analysts expressed optimism regarding the company's new CEO. The analysts reiterated existing ratings while increasing price targets.

Yesterday, 8x8 named Dave Sipes, who was most recently serving as COO of RingCentral, as its new CEO, and reaffirmed its guidance for the fiscal third quarter. Outgoing CEO Vik Verma will remain as an advisor through the transition.

Image source: Getty Images.

Source Fool.com

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