8X8 (NASDAQ:EGHT) Issues 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 guidance of 0.280-0.330 for the period, compared to the consensus earnings per share 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.

8X8 Stock Up 3.7%

Shares of NASDAQ EGHT traded up $0.07 during midday trading on Thursday, hitting $1.83. 1,039,286 shares of the company's stock were exchanged, compared to its average volume of 1,165,111. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.20 and a quick ratio of 1.20. 8X8 has a twelve month low of $1.51 and a twelve month high of $3.52. The company has a market cap of $245.43 million, a PE ratio of -11.41, a P/E/G ratio of 1.79 and a beta of 1.85. The firm's fifty day simple moving average is $1.90 and its 200-day simple moving average is $2.09.

Wall Street Analyst Weigh In

EGHT has been the topic of several recent analyst reports. Weiss Ratings reissued a "sell (d-)" rating on shares of 8X8 in a research note on Tuesday, July 29th. Wells Fargo & Company decreased their target price on 8X8 from $2.00 to $1.50 and set an "underweight" rating for the company in a research report on Tuesday, April 22nd. Mizuho dropped their price objective on 8X8 from $2.50 to $2.00 and set an "underperform" rating on the stock in a research note on Tuesday, April 15th. Rosenblatt Securities decreased their price objective on 8X8 from $2.70 to $2.50 and set a "buy" rating on the stock in a report on Wednesday. Finally, Wall Street Zen raised 8X8 from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 21st. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $2.49.

Insider Activity at 8X8

In other 8X8 news, major shareholder Sylebra Capital Llc sold 103,826 shares of 8X8 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 transaction, the insider directly owned 13,781,823 shares of the company's stock, valued at approximately $24,669,463.17. The trade was a 0.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have sold 311,470 shares of company stock valued at $567,950. Company insiders own 2.01% of the company's stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in 8X8 stock. Dynamic Technology Lab Private Ltd lifted its stake in 8x8 Inc (NASDAQ:EGHT - Free Report) by 505.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 79,147 shares of the company's stock after purchasing an additional 66,070 shares during the period. Dynamic Technology Lab Private Ltd owned about 0.06% of 8X8 worth $158,000 at the end of the most recent quarter. Institutional investors and hedge funds own 93.99% of the company's stock.

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.