8x8 Stock Surges 54.8% Amidst Strong Earnings and Business Momentum

8x8's stock surged 54.8% after its Q3 earnings report exceeded expectations. The cloud-based communication specialist's revenue rose 3.4% YoY to $185mln, and adjusted earnings increased to $0.12 per diluted share. Management issued Q4 guidance above the current Street view. The business momentum is strong, with demand for its full suite of services and clients embracing voice-driven AI tools. The stock trades at 6.8x forward earnings estimates and 8.2x reported free cash flow.