8×8 (NASDAQ:EGHT) – A Jim Cramer Buyer Frenzy

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EGHT - Google Finance" href="http://www.google.com/finance?q=NASDAQ:EGHT">8×8 EGHT is a stock that I have been following since I began this website back in October of last year. My very first post was made after the company had reported a record quarter, and since then the company has continued to report record breaking results as my most recent post has shown.

Cloud computing was a growing trend that I had identified back in October. Recently a number of very popular websites that adopted the technology and provide numerous services based on cloud computing have emerged.

Late yesterday there was a buying frenzy in 8×8 stock. To my right I have a small intra-day chart that illustrates how strongly the stock price reacted.

Strangely, the sudden interest in this stock coincides with Apple's launch of their iCloud service. One other thing that I noticed recently was a Google search hit onto my website from a few days ago that used the search term ‘jim cramer 8×8 stock.' At the time I was busy with a number of other duties but I did notice it and it did make me stop and think for a short while.

The late spike yesterday did make me wonder about that search term. Some research on the internet followed and I pulled up this post from Stocks For Beer. He breaks the news of 8×8′s CEO appearing on CNBC and announcing the launch of a new Apple App.

8×8 EGHT closed at $3.77 yesterday, managing a 20% gain.

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