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NASDAQ:EGHT

8X8 (EGHT) Stock Price, News & Analysis

$1.88
-0.13 (-6.47%)
(As of 06/18/2024 ET)
Today's Range
$1.86
$2.01
50-Day Range
$1.88
$2.97
52-Week Range
$1.85
$4.88
Volume
1.94 million shs
Average Volume
899,319 shs
Market Capitalization
$235.71 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$3.38

8X8 MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
79.5% Upside
$3.38 Price Target
Short Interest
Bearish
11.13% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.16mentions of 8X8 in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$25,371 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.07) to $0.04 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.57 out of 5 stars

Computer And Technology Sector

476th out of 585 stocks

Data Processing & Preparation Industry

44th out of 57 stocks

EGHT stock logo

About 8X8 Stock (NASDAQ:EGHT)

8x8, Inc. provides voice, video, chat, contact center, and enterprise-class application programmable interface (API) Software-as-a-Service solutions for small business, mid-market, enterprise customers, government agencies, and other organizations worldwide. It offers 8x8 Work, a self-contained end-to-end united communications solution that delivers voice services, secure video meetings, and unified messaging, including direct messages, public and private team messaging rooms, and peer-to-peer short and multimedia messaging; 8x8 Contact Center, a cloud-based contact center as-a-service solution; and 8x8 Engage, an artificial intelligence-powered solution that equips customer-facing employees outside the contact center with the tools and capabilities to deliver successful customer engagements. The company also provides 8x8 Communications Platform as-a-Service, a communications platform-as-a-service capabilities that enable businesses to directly integrate its platform services within their websites, mobile apps, and business systems for personalized customer engagement; and Solutions for Microsoft Teams. In addition, it offers and X1 through X4 and X5 through X8, which provide enterprise-grade voice, unified communications, and video meetings and team collaboration, and contact center solutions. The company markets its services to end users through industry conferences, trade shows, webinars, and local and digital advertising channels. 8x8, Inc. was incorporated in 1987 and is headquartered in Campbell, California.

EGHT Stock Price History

EGHT Stock News Headlines

8x8, Inc. Appoints Andrew Burton to Board of Directors
8X8 (NASDAQ:EGHT) Downgraded to Underweight at Morgan Stanley
There’s only one solution to the impending energy catastrophe…
Folks, it's 2024… Things that we used to rely on - are failing us. Take the phasing out of fossil fuels… Matched with the destruction of oil refineries around the world… And the outright failure of solar and wind technologies… But there is just one solution… And right now governments around the world are stockpiling this resource at the fastest rate in DECADES!
Unveiling 4 Analyst Insights On 8x8
$16T Crypto Plot From Elon Musk
Reports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market. Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account." Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.
Craig-Hallum Keeps Their Buy Rating on 8X8 (EGHT)
EGHT Stock Earnings: 8×8 Beats EPS, Beats Revenue for Q4 2024
8X8 earnings: here's what Wall Street expects
8x8 CFO sells shares worth $2,330
See More Headlines
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Company Calendar

Last Earnings
5/08/2024
Today
6/18/2024
Next Earnings (Estimated)
8/13/2024
Fiscal Year End
3/31/2025

Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
N/A
Current Symbol
NASDAQ:EGHT
Employees
1,948
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$3.38
High Stock Price Target
$4.50
Low Stock Price Target
$2.00
Potential Upside/Downside
+79.5%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
6 Analysts

Profitability

Net Income
$-67,590,000.00
Pretax Margin
-8.78%

Debt

Sales & Book Value

Annual Sales
$728.71 million
Cash Flow
$0.63 per share
Book Value
$0.83 per share

Miscellaneous

Free Float
124,022,000
Market Cap
$235.71 million
Optionable
Optionable
Beta
1.57
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Key Executives

  • Mr. Samuel C. Wilson
    CEO & Director
  • Mr. Kevin Kraus (Age 54)
    Chief Financial Officer
    Comp: $663.56k
  • Ms. Suzy Seandel (Age 59)
    Senior VP & Chief Accounting Officer
    Comp: $444.52k
  • Mr. Laurence Denny (Age 51)
    Chief Legal Officer & Corporate Secretary
    Comp: $640.87k
  • Dr. Hunter Middleton Ph.D. (Age 57)
    Chief Product Officer & Chief Innovation Officer
    Comp: $589.84k
  • Mr. Bryan R. Martin (Age 56)
    Chief Technology Officer
  • Ms. Kate Patterson
    Vice President of Investor Relations
  • Mr. Bruno Bertini
    Chief Marketing Officer
  • Dr. Jeanette Winters
    Chief Human Resources Officer
  • Mr. Mehdi Salour (Age 48)
    Senior Vice President of Global Network & Development Operations
    Comp: $213.94k

EGHT Stock Analysis - Frequently Asked Questions

Should I buy or sell 8X8 stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for 8X8 in the last year. There are currently 1 sell rating, 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" EGHT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EGHT, but not buy additional shares or sell existing shares.
View EGHT analyst ratings
or view top-rated stocks.

What is 8X8's stock price target for 2024?

6 Wall Street analysts have issued 1-year price objectives for 8X8's stock. Their EGHT share price targets range from $2.00 to $4.50. On average, they expect the company's share price to reach $3.38 in the next year. This suggests a possible upside of 79.5% from the stock's current price.
View analysts price targets for EGHT
or view top-rated stocks among Wall Street analysts.

How have EGHT shares performed in 2024?

8X8's stock was trading at $3.78 at the beginning of the year. Since then, EGHT shares have decreased by 50.3% and is now trading at $1.88.
View the best growth stocks for 2024 here
.

When is 8X8's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 13th 2024.
View our EGHT earnings forecast
.

How were 8X8's earnings last quarter?

8x8, Inc. (NASDAQ:EGHT) issued its quarterly earnings results on Wednesday, May, 8th. The company reported $0.08 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.01. The business earned $179.41 million during the quarter, compared to analyst estimates of $178.85 million. 8X8 had a negative net margin of 9.28% and a negative trailing twelve-month return on equity of 7.40%. The firm's quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.03) EPS.

What ETFs hold 8X8's stock?

ETFs with the largest weight of 8X8 (NASDAQ:EGHT) stock in their portfolio include Global X Education ETF (EDUT).Direxion Work From Home ETF (WFH).

What guidance has 8X8 issued on next quarter's earnings?

8X8 updated its first quarter 2024 earnings guidance on Wednesday, May, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $176.0 million-$181.0 million, compared to the consensus revenue estimate of $181.3 million.

Who are 8X8's major shareholders?

8X8's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.28%), Boston Partners (2.97%), Invenomic Capital Management LP (2.15%), Acadian Asset Management LLC (1.59%), Kent Lake Capital LLC (1.08%) and Jacobs Levy Equity Management Inc. (0.84%). Insiders that own company stock include Bryan R Martin, David Sipes, Dejan Deklich, Elizabeth Harriet Theophille, Eric Salzman, Germaine Cota, Hunter Middleton, Kevin Kraus, Laurence Denny, Matthew Zinn, Nathan Blecharczyk, Samuel C Wilson and Suzy M Seandel.
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.
Compare Top Brokerages Here.

This page (NASDAQ:EGHT) was last updated on 6/19/2024 by MarketBeat.com Staff

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