8X8 (EGHT) Stock Price, News & Analysis

Company Overview

8x8, Inc. engages in the provision of enterprise communication solutions. It offers solutions to the business services, education, financial services, government, healthcare, and manufacturing industries. The company was founded in February 1987 and is headquartered in Campbell, CA.

Key Stats

• Today's Range: $1.76 to $1.84
• 50-Day Range: $1.58 to $2.65
• 52-Week Range: $1.51 to $3.52
• Volume: 1.42 million shs
• Average Volume: 1.05 million shs
• Market Capitalization: $234.42 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $2.66
• Consensus Rating: Hold

8X8 Stock Analysis - MarketRank™

8X8 scored higher than 63% of companies evaluated by MarketBeat, and ranked 436th out of 654 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.0 / 5
• Analyst Rating: Hold

Consensus Rating

8X8 has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 3 buy ratings, 2 hold ratings, and 3 sell ratings.

Amount of Analyst Coverage

8X8 has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 150.00%

Earnings Growth

Earnings for 8X8 are expected to grow by 150.00% in the coming year, from $0.04 to $0.10 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of 8X8 is -4.94, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of 8X8 is -4.94, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Growth Ratio

8X8 has a PEG Ratio of 6.08. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

8X8 has a P/B Ratio of 2.07. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

5.00% of the float of 8X8 has been sold short.

Short Interest Ratio / Days to Cover

8X8 has a short interest ratio ("days to cover") of 5.5.

Change versus previous month

Short interest in 8X8 has recently increased by 5.51%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

8X8 does not currently pay a dividend.

Dividend Growth

8X8 does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

5.00% of the float of 8X8 has been sold short.

Short Interest Ratio / Days to Cover

8X8 has a short interest ratio ("days to cover") of 5.5.

Change versus previous month

Short interest in 8X8 has recently increased by 5.51%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.53

News Sentiment

8X8 has a news sentiment score of 0.53. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.78 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for 8X8 this week, compared to 4 articles on an average week.

Search Interest

Only 4 people have searched for EGHT on MarketBeat in the last 30 days. This is a decrease of -56% compared to the previous 30 days.

MarketBeat Follows

Only 3 people have added 8X8 to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, 8X8 insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $590,602.00 in company stock.

Percentage Held by Insiders

Only 1.22% of the stock of 8X8 is held by insiders.

Percentage Held by Institutions

93.99% of the stock of 8X8 is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

EGHT Stock Analysis - Frequently Asked Questions

How have EGHT shares performed this year?

8X8's stock was trading at $2.67 on January 1st, 2025. Since then, EGHT stock has decreased by 33.3% and is now trading at $1.78.
View the best growth stocks for 2025 here.

How were 8X8's earnings last quarter?

8x8, Inc. (NASDAQ:EGHT) announced its earnings results on Tuesday, February, 4th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.03. 8X8 had a negative trailing twelve-month return on equity of 1.45% and a negative net margin of 6.33%.
Read the conference call transcript.

Who are 8X8's major shareholders?

8X8's top institutional shareholders include Bank of New York Mellon Corp (0.34%), Rhumbline Advisers (0.14%) and Cerity Partners LLC (0.03%). Insiders that own company stock include Sylebra Capital Llc, Kevin Kraus, Hunter Middleton, Suzy M Seandel and Laurence Denny.
View institutional ownership trends.

How do I buy shares of 8X8?

Shares of EGHT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of 8X8 own?

Based on aggregate information from My MarketBeat watchlists, some other companies that 8X8 investors own include Humana (HUM), American Water Works (AWK), Voyager Therapeutics (VYGR), Waste Connections (WCN), The RMR Group (RMR), DiamondRock Hospitality (DRH) and AUO (AUOTY).

Company Calendar

• Last Earnings: 2/04/2025
• Today: 5/01/2025
• Fiscal Year End: 3/31/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Data processing & preparation
• Sub-Industry: Business Services
• Current Symbol: NASDAQ:EGHT
• CIK: 1023731
• Web: www.8x8.com
• Phone: (408) 727-1885
• Fax: 408-727-1885
• Employees: 2,220
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $2.66
• High Stock Price Target: $4.00
• Low Stock Price Target: $1.50
• Potential Upside/Downside: +49.3%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.36)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 44.50
• P/E Growth: 6.08
• Net Income: $-67,590,000.00
• Net Margins: -6.33%
• Pretax Margin: -5.67%
• Return on Equity: -1.45%
• Return on Assets: -0.21%

Debt

• Debt-to-Equity Ratio: 3.08
• Current Ratio: 1.25
• Quick Ratio: 1.24

Sales & Book Value

• Annual Sales: $717.44 million
• Price / Sales: 0.33
• Cash Flow: $0.43 per share
• Price / Cash Flow: 4.16
• Book Value: $0.86 per share
• Price / Book: 2.07

Miscellaneous

• Outstanding Shares: 131,694,000
• Free Float: 130,087,000
• Market Cap: $234.42 million
• Optionable: Optionable
• Beta: 1.81