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Why 8x8 Shares Are Down 22% Today

TheMotleyFool

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Why 8x8 Shares Are Down 22% TodayPhoto, wide shot, wide-angle lens, Telecom equipment supplier, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.theapi.app/temp/3967c11c-b755-4d39-87d0-acc853384c80.png

Shares of 8x8 (NYSE: EGHT), a software-as-a-service provider of voice, video, and chat technologies, were tumbling today after the company released its fourth-quarter financial results on Tuesday.

As of 11:36 a.m. EDT on Wednesday, 8x8's stock was down 22%.

Image source: Getty Images.

Source Fool.com

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