NewsDialy
StockStory analysts advise caution regarding 8x8, despite the company's stock price climbing to $2.19 over the past six months.
The shares have outperformed the S&P 500 by 13.1%, a gain attributed partly to solid quarterly results, yet the firm argues that better investment opportunities exist elsewhere.
The analysis highlights three specific concerns about 8x8's fundamentals.
First, the company's billings, a non-GAAP metric often called "cash revenue" that tracks money collected from customers rather than recognized revenue, came in at $188.8 million for the second quarter.
Keep reading