8×8 Inc. (NASDAQ:EGHT) — This innovative provider of cloud communications equipment and solutions was added to the Ocean Tomo 300 Patent Index on Nov. 14. The index is the first to be based on the value of corporate intellectual property and is composed of 300 companies that own the most valuable patents relative to their book value.
EGHT has been awarded 78 patents since its establishment in 1987, and was recently granted a “Virtual Telephone Extension” patent for its work in cloud-based VoIP, video, mobile and call-center applications.
Technically the stock has been supported by a powerful bullish support line now at $3.55 and has tracked its 200-day moving average as support since February. Buy EGHT for a possible long-term multiple advance and potential takeover candidate.