8X8 (NASDAQ:EGHT) Releases FY 2026 Earnings Guidance

Key Points

• 8X8 has updated its FY 2026 earnings guidance, projecting earnings per share (EPS) of 0.280-0.330, lower than the consensus estimate of 0.346, and revenue of $706.0 million-$720.0 million, slightly below the consensus of $713.4 million.
• The company’s stock was trading at $1.91, experiencing a 2.1% increase on the day, despite a high volatility indicated by its beta of 1.85.
• A major shareholder, Sylebra Capital LLC, sold 200,000 shares of 8X8 stock, reducing their stake by 1.42%, while insider ownership is currently at 2.01%.

8X8 (NASDAQ:EGHT - Get Free Report) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.280-0.330 for the period, compared to the consensus estimate of 0.346. The company issued revenue guidance of $706.0 million-$720.0 million, compared to the consensus revenue estimate of $713.4 million. 8X8 also updated its Q2 2026 guidance to 0.060-0.080 EPS.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on EGHT. Wells Fargo & Company lowered their target price on shares of 8X8 from $2.00 to $1.50 and set an "underweight" rating for the company in a report on Tuesday, April 22nd. Rosenblatt Securities lowered their target price on shares of 8X8 from $2.70 to $2.50 and set a "buy" rating for the company in a report on Wednesday. B. Riley restated a "buy" rating and issued a $3.00 target price (down previously from $4.00) on shares of 8X8 in a report on Wednesday, May 14th. Morgan Stanley lowered their target price on shares of 8X8 from $2.60 to $1.90 and set an "underweight" rating for the company in a report on Wednesday, April 16th. Finally, Wall Street Zen cut shares of 8X8 from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. According to MarketBeat, 8X8 has an average rating of "Hold" and an average target price of $2.49.

8X8 Trading Up 4.3%

Shares of NASDAQ EGHT traded up $0.08 during trading hours on Friday, reaching $1.93. The stock had a trading volume of 1,628,741 shares, compared to its average volume of 785,631. The company has a current ratio of 1.18, a quick ratio of 1.20 and a debt-to-equity ratio of 2.56. The firm has a market cap of $263.19 million, a price-to-earnings ratio of -12.06, a P/E/G ratio of 2.76 and a beta of 1.85. The business's fifty day moving average price is $1.91 and its two-hundred day moving average price is $2.08. 8X8 has a 52-week low of $1.52 and a 52-week high of $3.52.

Insider Activity at 8X8

In other news, major shareholder Sylebra Capital Llc sold 103,826 shares of the business's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $1.79, for a total value of $185,848.54. Following the completion of the sale, the insider owned 13,781,823 shares in the company, valued at approximately $24,669,463.17. The trade was a 0.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have sold 311,470 shares of company stock valued at $567,950. Insiders own 2.01% of the company's stock.

Institutional Investors Weigh In On 8X8

Several large investors have recently modified their holdings of the business. Cetera Investment Advisers bought a new stake in shares of 8X8 in the 2nd quarter valued at about $55,000. Geode Capital Management LLC raised its holdings 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 in the last quarter. Finally, Dynamic Technology Lab Private Ltd raised its holdings 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 in the last quarter. Institutional investors own 93.99% of the company's stock.

About 8X8

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.