Both in Cloud & Data Processing

8x8 vs Corvex

Over the past year EGHT returned −4.4% and MOVE returned +184.0%; their daily moves had a correlation of 0.01.

EGHT −4.4% MOVE +184.0%Growth of $1, one year, split-adjusted
MetricEGHTMOVE
Price$2.17$11.81
Market cap$313.4M$372.6M
Today−2.47%+5.07%
1 month+9.0%+2.8%
6 months+33.1%+3.3%
Year to date+10.2%+93.0%
1 year−3.6%+189.3%
Revenue growth (YoY)+4.9%+3590.3%
Gross margin61.2%44.3%
Net margin−0.6%−337.4%
P/E (TTM)65.8×—
Price / sales0.4×84.0×
Net cash-$216.8M$12.2M
Dividend yield——
Volatility (60d)71.6%119.0%
Short % of float2.4%1.2%
Next earnings——

Shading marks the stronger figure where one clearly exists (lower is better for valuation and volatility).