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Actionable news in EGHT: 8x8 Inc,

8x8 (EGHT) Stock Rises on Q1 Earnings Beat

NEW YORK (TheStreet) -- Shares of 8x8 (EGHT) are gaining 2.81% to $15 on heavy trading volume late Friday afternoon after the company posted better-than-expected results for the 2017 fiscal first quarter.

After yesterday's market close, the San Jose, CA-based cloud-based software solutions company reported earnings of 6 cents per diluted share, above analysts' projections of 3 cents per share.

Revenue jumped 25% to $60 million year-over-year and was higher than Wall Street's estimates of $57.9 million.

For fiscal 2017, 8x8 forecasts revenue between $249 million and $253 million...