8X8 (NASDAQ:EGHT) Updates Q2 2026 Earnings Guidance

Key Points

• 8X8 has updated its Q2 2026 EPS guidance to 0.060-0.080, lower than the consensus estimate of 0.089, and has projected revenue guidance of $175.0 million-$180.0 million.
• Several analysts have issued mixed ratings on 8X8, with a consensus rating of "Hold" and an average price target of $2.51.
• The company's shares recently traded up 2.1% to $1.91, with a current market capitalization of $256.86 million.

8X8 (NASDAQ:EGHT - Get Free Report) updated its second quarter 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.060-0.080 for the period, compared to the consensus estimate of 0.089. The company issued revenue guidance of $175.0 million-$180.0 million, compared to the consensus revenue estimate of $179.5 million. 8X8 also updated its FY 2026 guidance to 0.280-0.330 EPS.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of 8X8 in a research report on Tuesday, July 29th. Mizuho cut their price objective on shares of 8X8 from $2.50 to $2.00 and set an "underperform" rating on the stock in a research report on Tuesday, April 15th. Wells Fargo & Company dropped their target price on shares of 8X8 from $2.00 to $1.50 and set an "underweight" rating on the stock in a research report on Tuesday, April 22nd. Rosenblatt Securities dropped their target price on shares of 8X8 from $2.70 to $2.50 and set a "buy" rating on the stock in a research report on Wednesday. Finally, B. Riley reissued a "buy" rating and set a $3.00 target price (down previously from $4.00) on shares of 8X8 in a research report on Wednesday, May 14th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $2.49.

8X8 Stock Performance

Shares of EGHT stock traded up $0.08 during trading hours on Friday, hitting $1.93. The company's stock had a trading volume of 1,628,741 shares, compared to its average volume of 785,631. The company has a 50 day moving average of $1.91 and a 200 day moving average of $2.08. The stock has a market cap of $263.19 million, a PE ratio of -12.06, a price-to-earnings-growth ratio of 2.76 and a beta of 1.85. The company has a current ratio of 1.18, a quick ratio of 1.20 and a debt-to-equity ratio of 2.56. 8X8 has a 12-month low of $1.52 and a 12-month high of $3.52.

Insider Activity at 8X8

In other news, major shareholder Sylebra Capital Llc sold 103,826 shares of the company's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $1.79, for a total value of $185,848.54. Following the sale, the insider directly owned 13,781,823 shares of the company's stock, valued at $24,669,463.17. This represents a 0.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders have sold 311,470 shares of company stock valued at $567,950. 2.01% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On 8X8

Several large investors have recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in shares of 8X8 by 2.7% in the 2nd quarter. Geode Capital Management LLC now owns 3,228,294 shares of the company's stock valued at $6,329,000 after purchasing an additional 84,176 shares during the period. Dynamic Technology Lab Private Ltd lifted its stake in shares of 8X8 by 505.2% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 79,147 shares of the company's stock valued at $158,000 after purchasing an additional 66,070 shares during the period. Finally, Cetera Investment Advisers acquired a new position in shares of 8X8 in the 2nd quarter valued at $55,000. 93.99% of the stock is currently owned by institutional investors and hedge funds.

8X8 Company Profile

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.