Well, I'm not laughing too much about RNG's now much higher p/e today trading over 20 , while 8x8's is now lower - for some reason analysts not impressed here...no, not laughing at all!
they sure are pushing the relationship with office 365 and how it is accelerating their growth. Same firms that attend 8x8 calls, but don't remember them asking any questions about this.
RNG will move into Asia next year, but seems they are making partnerships to grow while 8 owns everything.
Wonder when rng has profits?
No coincidence they wait for a big down day to pop this announcement - this executive plan has been in place for a while - #$%$.
when customers can download for free any part of the platform to try it out for themselves? Think he said ready in US by Sept....
Also 2 more upgrades to the new analytical platform Sept and Dec...
luck7rabbit, Yes I know you well, I've been here since early 1999....what a ride indeed! Was shocked to hear Vik admit they suck at sales, but we all knew this, and now with the pros in charge this could be huge! Bigger spend on logo recognition / jingle all mkting cannot hurt.
Also Europe is predicted to grow due to QE policy from ECB - 8x8 should thrive....
Best of luck to all longs!
Anything short of a wild ride would be unusual for 8x8. The lack of volume after hours was a clue, this is never easy. Earnings were good - enough for me.