EGHT always seems ready for these .60 drops. Yea, I see resistance in the 11.80's but, I also see some at 11.30's and also 10.80's. Hard to buy more when there always seems to be these sudden drops. We all just sit here waiting for earnings. Any disappointment and we're back in the mid 10's. It will be interesting to see how Bryan's leaving the CEO position plays out this quarter. What I own I'm not selling, but I think I'll wait for some pullback to buy more.
Not able to give you thumbs up or down...what you say about the drops is true (or had been? I see today's spike & drop as totally reasonable.) In the past, I was of your mind (wait for a pull back) but I've gotten rightly burned that way and just ended up paying more. I bought more today and had done so two weeks ago.
This is why I don't buy more. EGHT never seems to miss a chance to test lower support levels. 11.50, 11.24, 10.78. Where does it stop? Gap around 10.72. A frustrating stock to own made better only by it's steady rise.
Brian stepping down as the CEO will have 0 impact on the down side. i think there will be more impact on the upside as the new CEO is better suited to take the company to the next level. however, opinions are just what they are. the proof is going to be in Thursdays numbers and the next few quarters.
With Brian becoming CTO and Vick becoming our new CEO to lead as 8x8 in penetrating global telephony markets which are 10% penetrated, we can hopefully realize a more rapid improvement in top line growth in coming quarters, but higher costs will chew into EPS so it will take a few years before quarterly EPS sustain double digit levels.