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Aug 04, 2023

Voice theme +2.36% 1D change: Positive Outlook $EGHT, $CNSL, $AUDC...

Unleashing the Voice: A Deep Dive into EGHT, CNSL, and AUDC

AI Robots: Swing trader: High Capitalization (TA) + 7% Annualized return for last 30 days

Voice Theme - $EGHT $CNSL $AUDC $KVHI $CMTL (+2.36% 1D change)

Voice represents a technology theme involving advanced communication solutions, including audio transmission over the Internet. Some common applications include WhatsApp, Skype, and FaceTime. Among the major corporations contributing to this industry are Audiocodes (AUDC), Nuance Communications Inc., and 8X8 Inc. (EGHT). The ticker symbols related to this theme include EGHT, CNSL, AUDC, KVHI, and CMTL.

Positive Outlook Backed by the MA50 Indicator

The Voice technology theme enjoys a positive market outlook, supported by the MA50 Indicator. Tickeron predicts a further increase of more than 4.00% within the next month, with a probability of 67%. The daily ratio of advancing to declining volumes stood at 1.44 to 1 in the last month, reinforcing this positive sentiment.

Capitalization Dynamics

The Voice theme companies hold an average market capitalization of $348.7M, ranging from $2.4M to $17.9B. NUAN has the highest market cap at $17.9B, and OHGI has the lowest at $2.4M. The market cap distribution paints a picture of a theme dominated by a few major players but with opportunities for smaller entities to grow.

Price and Volume Trends

Voice theme's average weekly price growth was 4.65%, with a monthly increase of 6.75%. However, the average quarterly price growth dipped to -29.36%, highlighting some volatility. On the volume front, the average weekly, monthly, and quarterly volume growth rates were -4.54%, -4.34%, and -39.31%, respectively, suggesting a slowdown in trading activity.

AI-Driven Trading Performance

The AI Swing trader focusing on high capitalization (TA) demonstrated a 7% annualized return for the last 30 days. This suggests that the application of artificial intelligence in trading is yielding positive results, potentially providing investors with an edge in the market.

Analyzing Key Players in the Voice Technology Space

8X8 Inc. (EGHT)

8X8 Inc. is a key player in the Voice theme, utilizing cloud technology to provide unified communications systems, including voice, video, chat, and contact center solutions. On 6/29/23, EGHT experienced a significant uptick, growing by 11.51%. Despite a weekly decline of 6.39% on 6/21/23, its overall performance demonstrated strength within this market.

Consolidated Communications Holdings (CNSL)

Consolidated Communications Holdings is a major telecommunications company in the US, offering a wide range of services, including voice, data, and Internet services. It was the top gainer among penny stocks for the week of 4/6/23, demonstrating a rise of 18.22%. Despite a fall of 3.75% in the period under review, its outlook remains positive due to its diverse service offerings.

Audiocodes (AUDC)

Audiocodes is a leading company in the Voice technology sphere, providing advanced voice networking and media processing solutions for the digital workplace. Although it hasn't been featured in the news excerpts, the company is recognized for its robust voice products and applications, contributing significantly to the Voice theme's market cap.

The Voice theme presents a favorable investment environment backed by promising technologies and sound company performance. EGHT, CNSL, and AUDC, among others, hold considerable potential for those interested in the tech industry's Voice sector.

Related Ticker: EGHT, CNSL, AUDC, KVHI, CMTL

EGHT in downward trend: price may drop because broke its higher Bollinger Band on July 15, 2024

EGHT broke above its upper Bollinger Band on July 15, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 33 similar instances where the stock broke above the upper band. In of the 33 cases the stock fell afterwards. This puts the odds of success at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for EGHT moved out of overbought territory on July 18, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 24 similar instances where the indicator moved out of overbought territory. In of the 24 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where EGHT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on July 01, 2024. You may want to consider a long position or call options on EGHT as a result. In of 92 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for EGHT just turned positive on July 01, 2024. Looking at past instances where EGHT's MACD turned positive, the stock continued to rise in of 54 cases over the following month. The odds of a continued upward trend are .

EGHT moved above its 50-day moving average on July 15, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for EGHT crossed bullishly above the 50-day moving average on July 18, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 11 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a +3 3-day Advance, the price is estimated to grow further. Considering data from situations where EGHT advanced for three days, in of 249 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 155 cases where EGHT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 66%.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. EGHT’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.016) is normal, around the industry mean (30.610). EGHT has a moderately high P/E Ratio (834.511) as compared to the industry average of (158.753). Projected Growth (PEG Ratio) (0.554) is also within normal values, averaging (2.738). Dividend Yield (0.000) settles around the average of (0.082) among similar stocks. P/S Ratio (0.502) is also within normal values, averaging (54.835).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. EGHT’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock worse than average.

Notable companies

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Oracle Corp (NYSE:ORCL), Salesforce (NYSE:CRM), Adobe (NASDAQ:ADBE), Intuit (NASDAQ:INTU), Uber Technologies (NYSE:UBER), SERVICENOW (NYSE:NOW), Shopify (NYSE:SHOP), Palo Alto Networks (NASDAQ:PANW), CrowdStrike Holdings (NASDAQ:CRWD).

Industry description

Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.

Market Cap

The average market capitalization across the Packaged Software Industry is 10.61B. The market cap for tickers in the group ranges from 291 to 3.15T. MSFT holds the highest valuation in this group at 3.15T. The lowest valued company is BLGI at 291.

High and low price notable news

The average weekly price growth across all stocks in the Packaged Software Industry was 0%. For the same Industry, the average monthly price growth was 2%, and the average quarterly price growth was 4%. STIXF experienced the highest price growth at 259%, while AIMLF experienced the biggest fall at -57%.

Volume

The average weekly volume growth across all stocks in the Packaged Software Industry was -10%. For the same stocks of the Industry, the average monthly volume growth was -9% and the average quarterly volume growth was -6%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 52
P/E Growth Rating: 74
Price Growth Rating: 53
SMR Rating: 82
Profit Risk Rating: 89
Seasonality Score: 0 (-100 ... +100)
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General Information

a provider of voice over internet protocol solutions

Industry PackagedSoftware

Profile
Fundamentals
Details
Industry
Packaged Software
Address
675 Creekside Way
Phone
+1 408 727-1885
Employees
1921
Web
https://www.8x8.com
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