About 8X8 (NASDAQ:EGHT)
8x8, Inc. provides cloud-based, enterprise-class software solutions. The Company's solutions are delivered through Software as a Service (SaaS) business model. Its segments include Americas and Europe. Its software platform brings together cloud, mobile, collaboration, video and data science technologies. Through a combination of open application program interface (API) and pre-built integrations, its solutions leverage critical customer context from internal data systems and customer relationship management (CRM) systems. Its software product, branded as 8x8 Virtual Office, delivers voice as a service across the world. 8x8 Virtual Office enables a customer to use a single business phone number to place and receive calls from any supported device. It provides software to enable a multi-channel contact center under the 8x8 Virtual Contact Center brand. Its Virtual Office Meetings software solution is a tool for teams within the enterprise to meet and collaborate on a shared project.
Industry, Sector and Symbol
Industry Integrated Telecommunications Services
SectorIntegrated Telecommunications Services - NEC
Trailing P/E RatioN/A
Forward P/E RatioN/A
Sales & Book Value
Annual Sales$253.39 million
Price / Sales5.13
Cash Flow$0.12 per share
Price / Cash120.92
Book Value$3.17 per share
Price / Book4.46
Return on Equity0.03%
Return on Assets0.03%
8X8 (NASDAQ:EGHT) Frequently Asked Questions
What is 8X8's stock symbol?
8X8 trades on the NASDAQ under the ticker symbol "EGHT."
How will 8X8's stock buyback program work?
8X8 declared that its Board of Directors has approved a share buyback plan on Sunday, June 4th 2017, which authorizes the company to buyback $25,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 28% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its stock is undervalued.
How were 8X8's earnings last quarter?
8x8, Inc. (NASDAQ:EGHT) issued its quarterly earnings data on Thursday, October, 26th. The technology company reported $0.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.01. The technology company had revenue of $72.48 million for the quarter, compared to analyst estimates of $71.65 million. 8X8 had a positive return on equity of 0.03% and a negative net margin of 2.56%. The firm's revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.06 earnings per share. View 8X8's Earnings History.
When will 8X8 make its next earnings announcement?
Where is 8X8's stock going? Where will 8X8's stock price be in 2017?
11 Wall Street analysts have issued twelve-month target prices for 8X8's stock. Their predictions range from $14.00 to $24.00. On average, they anticipate 8X8's stock price to reach $17.44 in the next twelve months. View Analyst Ratings for 8X8.
What are Wall Street analysts saying about 8X8 stock?
Here are some recent quotes from research analysts about 8X8 stock:
- 1. William Blair analysts commented, "We hosted two days of investor meetings with CEO Vik Verma, CFO Mary Ellen Genovese and the new Senior Director of Investor Relations Victoria Hyde-Dunn. We maintain our Market Perform rating on shares while the company fulfills its promise to reaccelerate growth and drive better sales and marketing efficiency . The company’s shift in product strategy and reorganization of its sales and marketing organization, which has the potential to disrupt operations in the near term, realistically speaking, is likely to persist for these moves are transformational and will position the company for long-term success in a highly competitive, but fast-growing and underpenetrated UCaaS/CCaaS market, where 8×8 continues to enjoy a recurring book of business from over 1 million users with first-mover two more quarters, but will likely pay significant dividends once executed upon." (11/17/2017)
- 2. According to Zacks Investment Research, "8x8, Inc. provides cloud-based, enterprise-class software solutions. The Company's solutions are delivered through Software as a Service (SaaS) business model. Its software platform brings together cloud, mobile, collaboration, video and data science technologies. It provides 8x8 Virtual Office, a voice as a service with a robust business feature set; 8x8 Virtual Office Pro software that enables employees and workgroups to communicate with each other using chat or text messages sent via the short message service; and 8x8 Virtual Contact Center, a voice, chat, voicemail, and email call center. The company integrates its services with third-party applications and platforms, including enterprise resource planning, customer relations management, human capital management, and other proprietary application suites. It markets its services to end users through direct sales force, Website, and channel partners. " (10/17/2017)
- 3. Needham & Company LLC analysts commented, "We continue to like EGHT's position as a pure-play, onestop UCaaS/CCaaS/Analytics player, shifting toward the higher-ARPU, lower-churn mid-market/enterprise and building out a global footrprint. In its F3Q17, EGHT delivered strong Service revenue growth and bottom line upside reflecting strong underlying business momentum and success in its mid-market push. We think the broadening of the company's portfolio with class leading, cloud-based products, and the buildout of a global service delivery and support platform provides the company with a compelling growth opportunity, enhanced by the recent challenges of erstwhile industry leader Avaya. We maintain our Buy rating while bumping up our PT to $18 (was $17), or 4.6x EV/C2018 as we initiate our F19 estimates and shift out our base year" (1/26/2017)
Who are some of 8X8's key competitors?
Some companies that are related to 8X8 include Cogent Communications (CCOI), Neustar (NSR), TalkTalk Telecom Group (TALK), ATN International (ATNI), Cincinnati Bell (CBB), Frontier Communications (FTR), KCOM Group (KCOM), FairPoint Communications (FRP), Bandwidth (BAND), IDT (IDT), Manx Telecom (MANX), OI (OIBR), Maintel (MAI), Satellite Solutions Worldwide Group (SAT), Black Box (BBOX), Cable and Wireless Communications (CWC), Colt Group (COLT) and Inteliquent (IQNT).
Who are 8X8's key executives?
8X8's management team includes the folowing people:
- Bryan R. Martin, Chairman of the Board, Chief Technology Officer (Age 49)
- Vikram Verma, Chief Executive Officer, Director (Age 52)
- Mary Ellen P. Genovese, Chief Financial Officer (Age 58)
- Darren J. Hakeman, Senior Vice President - Product & Strategy (Age 47)
- Rani Hublou, Chief Marketing Officer
- Guy L. Hecker Jr., Lead Independent Director (Age 85)
- Vladimir Jacimovic, Independent Director (Age 53)
- Ian Potter, Independent Director (Age 52)
- Jaswinder Pal Singh, Independent Director (Age 51)
- Eric Salzman, Independent Director (Age 50)
Who owns 8X8 stock?
8X8's stock is owned by many different of institutional and retail investors. Top institutional shareholders include First Trust Advisors LP (3.67%), Stephens Investment Management Group LLC (2.28%), Emerald Advisers Inc. PA (2.07%), Emerald Mutual Fund Advisers Trust (1.74%), Alyeska Investment Group L.P. (1.49%) and Bank of New York Mellon Corp (1.12%). Company insiders that own 8X8 stock include Bryan R Martin, Eric Salzman, Mary Ellen P Genovese and Vikram Verma. View Institutional Ownership Trends for 8X8.
Who sold 8X8 stock? Who is selling 8X8 stock?
8X8's stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Emerald Advisers Inc. PA, Emerald Mutual Fund Advisers Trust, New York State Common Retirement Fund, First Trust Advisors LP, Columbus Circle Investors, PEAK6 Investments L.P. and 1492 Capital Management LLC. Company insiders that have sold 8X8 company stock in the last year include Bryan R Martin and Eric Salzman. View Insider Buying and Selling for 8X8.
Who bought 8X8 stock? Who is buying 8X8 stock?
8X8's stock was bought by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Kornitzer Capital Management Inc. KS, Ameriprise Financial Inc., Alyeska Investment Group L.P., Crestline Management LP, Formula Growth Ltd., Paradigm Capital Management Inc. NY and Schwab Charles Investment Management Inc.. Company insiders that have bought 8X8 stock in the last two years include Mary Ellen P Genovese and Vikram Verma. View Insider Buying and Selling for 8X8.
How do I buy 8X8 stock?
Shares of 8X8 can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is 8X8's stock price today?
One share of 8X8 stock can currently be purchased for approximately $14.15.
How big of a company is 8X8?
8X8 has a market capitalization of $1.30 billion and generates $253.39 million in revenue each year. The technology company earns $-4,750,000.00 in net income (profit) each year or ($0.08) on an earnings per share basis. 8X8 employs 1,019 workers across the globe.
How can I contact 8X8?
8X8's mailing address is 2125 Onel Dr, SAN JOSE, CA 95131-2032, United States. The technology company can be reached via phone at +1-408-7271885 or via email at [email protected]
MarketBeat Community Rating for 8X8 (EGHT)MarketBeat's community ratings are surveys of what our community members think about 8X8 and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
8X8 (NASDAQ:EGHT) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Buy||Buy||Buy||Buy|
|Consensus Rating Score: ||2.55||2.62||2.69||2.73|
|Ratings Breakdown: ||0 Sell Rating(s)|
5 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
5 Hold Rating(s)
8 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
4 Hold Rating(s)
9 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
3 Hold Rating(s)
8 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$17.40||$17.27||$17.27||$17.44|
|Price Target Upside: ||23.84% upside||38.18% upside||36.01% upside||22.85% upside|
8X8 (NASDAQ:EGHT) Consensus Price Target History
8X8 (NASDAQ:EGHT) Analyst Ratings History
(Data available from 12/14/2015 forward)
8X8 (NASDAQ:EGHT) Earnings History and Estimates Chart
8X8 (NASDAQ EGHT) Earnings History by Quarter
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|10/26/2017||Q2 2018||$0.02||$0.03||$71.65 million||$72.48 million||View||N/A|
|7/27/2017||Q1 2018||$0.03||$0.02||$68.65 million||$69.10 million||View||N/A|
|5/25/2017||Q4 2017||$0.03||$0.05||$65.54 million||$66.49 million||View||N/A|
|1/25/2017||Q317||$0.04||$0.06||$63.51 million||$63.68 million||View||N/A|
|10/26/2016||Q217||$0.03||$0.06||$14.39 million||$63.20 million||View||Listen|
|7/21/2016||Q117||$0.03||$0.06||$57.97 million||$60.00 million||View||Listen|
|5/19/2016||Q416||$0.02||$0.03||$54.41 million||$57.33 million||View||Listen|
|1/21/2016||Q316||$0.03||$0.05||$52.00 million||$53.20 million||View||Listen|
|10/22/2015||Q216||$0.03||$0.03||$49.87 million||$50.94 million||View||Listen|
|7/22/2015||Q116||$0.03||$0.05||$46.31 million||$46.70 million||View||Listen|
|5/20/2015||Q415||$0.04||$0.05||$43.13 million||$43.50 million||View||Listen|
|1/22/2015||Q315||$0.02||$0.01||$41.41 million||$41.40 million||View||N/A|
|10/22/2014||Q215||$0.03||$0.05||$39.50 million||$39.60 million||View||Listen|
|7/23/2014||Q115||$0.03||$0.03||$37.46 million||$37.90 million||View||Listen|
|5/21/2014||Q414||$0.03||$0.04||$35.80 million||$35.80 million||View||Listen|
|1/22/2014||Q314||$0.04||$0.03||$32.41 million||$32.70 million||View||N/A|
|10/23/2013||Q214||$0.06||$0.05||$31.10 million||$30.82 million||View||N/A|
|7/24/2013||Q1 2014||$0.06||$0.06||$29.57 million||$30.00 million||View||N/A|
|5/22/2013||Q4 2014||$0.06||$0.05||$28.28 million||$28.70 million||View||N/A|
|1/24/2013||Q3 2013||$0.05||$0.05||$27.30 million||$27.34 million||View||N/A|
8X8 (NASDAQ:EGHT) Earnings Estimates
2017 EPS Consensus Estimate: ($0.02)
2018 EPS Consensus Estimate: $0.01
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for 8X8 (NASDAQ:EGHT)
No dividend announcements for this company have been tracked by MarketBeat.com
8X8 (NASDAQ EGHT) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 4.40%
Institutional Ownership Percentage: 71.56%
8X8 (NASDAQ EGHT) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/1/2017||Mary Ellen P Genovese||CFO||Buy||11,625||$12.78||$148,567.50|| |
|8/1/2017||Vikram Verma||CEO||Buy||11,700||$12.80||$149,760.00|| |
|2/10/2017||Bryan R Martin||Insider||Sell||100,000||$15.61||$1,561,000.00|| |
|2/9/2017||Eric Salzman||Director||Sell||25,000||$15.41||$385,250.00|| |
|5/24/2016||Bryan R Martin||CTO||Sell||43,142||$12.45||$537,117.90|| |
|2/12/2016||Bryan R. Martin||CTO||Sell||56,758||$10.81||$613,553.98|| |
|2/5/2016||Bryan R. Martin||CTO||Sell||100||$12.27||$1,227.00|| |
|10/30/2014||Bryan R Martin||CTO||Sell||50,000||$7.81||$390,500.00|| |
|5/27/2014||Vikram Verma||CEO||Buy||38,000||$7.42||$281,960.00|| |
|11/22/2013||Vikram Verma||CEO||Buy||25,000||$9.49||$237,250.00|| |
|11/20/2013||Ian Potter||Director||Buy||30,000||$9.25||$277,500.00|| |
|6/28/2013||Mansour Salame||Director||Sell||15,093||$8.23||$124,215.39|| |
|6/26/2013||Mansour Salame||Director||Sell||40,000||$8.15||$326,000.00|| |
|6/24/2013||Mansour Salame||Director||Sell||50,000||$8.14||$407,000.00|| |
|6/20/2013||Mansour Salame||Director||Sell||55,000||$8.21||$451,550.00|| |
|6/18/2013||Mansour Salame||Director||Sell||60,000||$8.11||$486,600.00|| |
|6/14/2013||Mansour Salame||Director||Sell||19,000||$7.86||$149,340.00|| |
|6/10/2013||Mansour Salame||Director||Sell||42,700||$8.12||$346,724.00|| |
|5/30/2013||Bryan R Martin||CEO||Sell||6,200||$7.81||$48,422.00|| |
|5/30/2013||Mansour Salame||Director||Sell||48,000||$7.99||$383,520.00|| |
|5/28/2013||Mansour Salame||Director||Sell||36,000||$7.83||$281,880.00|| |
8X8 (NASDAQ EGHT) News Headlines
|Zacks: Analysts Expect 8x8, Inc. (EGHT) Will Announce Quarterly Sales of $73.41 Million|
www.americanbankingnews.com - December 11 at 9:50 AM
|8x8 Inc (EGHT) Given Consensus Recommendation of "Buy" by Analysts|
www.americanbankingnews.com - November 30 at 2:18 PM
|$0.01 EPS Expected for 8x8 Inc (EGHT) This Quarter|
www.americanbankingnews.com - November 21 at 1:26 PM
|ETFs with exposure to 8×8, Inc. : November 20, 2017|
finance.yahoo.com - November 20 at 7:01 PM
|8x8 Inc (EGHT) Stock Rating Reaffirmed by William Blair|
www.americanbankingnews.com - November 17 at 11:26 PM
|BRIEF-8X8 Inc announces transfer listing to the NYSE|
www.reuters.com - November 17 at 12:39 PM
|8x8 Inc (EGHT) Rating Reiterated by Robert W. Baird|
www.americanbankingnews.com - November 17 at 11:42 AM
|8x8, Inc. Announces Transfer Listing to the New York Stock Exchange - Business Wire (press release)|
www.businesswire.com - November 16 at 1:49 PM
|8x8, Inc. Announces Transfer Listing to the New York Stock Exchange|
finance.yahoo.com - November 16 at 1:49 PM
|8×8, Inc. breached its 50 day moving average in a Bearish Manner : EGHT-US : November 13, 2017|
finance.yahoo.com - November 13 at 11:37 AM
|ETFs with exposure to 8×8, Inc. : November 9, 2017|
finance.yahoo.com - November 10 at 8:29 AM
|8×8, Inc. :EGHT-US: Earnings Analysis: Q2, 2018 By the Numbers : November 8, 2017|
finance.yahoo.com - November 9 at 1:33 AM
|8x8, Inc. to Participate in Upcoming Investor Conferences - Business Wire (press release)|
www.businesswire.com - November 8 at 5:46 AM
|8x8, Inc. to Participate in Upcoming Investor Conferences|
finance.yahoo.com - November 8 at 5:46 AM
|8x8 Inc (EGHT) Receives Consensus Recommendation of "Buy" from Analysts|
www.americanbankingnews.com - November 5 at 11:06 AM
|8×8, Inc. breached its 50 day moving average in a Bullish Manner : EGHT-US : November 3, 2017|
finance.yahoo.com - November 3 at 1:17 PM
|8x8 Ranked as the UCaaS Market Share Leader for Midmarket and Enterprise Companies Worldwide - Business Wire (press release)|
www.businesswire.com - October 30 at 6:54 PM
|ETFs with exposure to 8×8, Inc. : October 27, 2017|
finance.yahoo.com - October 27 at 3:19 PM
|Edited Transcript of EGHT earnings conference call or presentation 26-Oct-17 8:30pm GMT|
finance.yahoo.com - October 27 at 3:19 PM
|8x8, Inc. Announces Second Quarter Fiscal 2018 Financial Results - Business Wire (press release)|
www.businesswire.com - October 26 at 6:32 PM
|8x8, Inc. Announces Second Quarter Fiscal 2018 Financial Results|
finance.yahoo.com - October 26 at 6:32 PM
|8x8 reports 2Q loss|
finance.yahoo.com - October 26 at 6:32 PM
|8x8 Inc (EGHT) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS|
www.americanbankingnews.com - October 26 at 6:00 PM
|8x8, Inc. to Host Earnings Call|
finance.yahoo.com - October 26 at 1:31 PM
|Reviewing Frontier Communications Corporation (FTR) & 8x8 (EGHT)|
www.americanbankingnews.com - October 25 at 5:40 PM
|Form 4 8X8 INC /DE/ For: Oct 21 Filed by: Verma Vikram|
www.streetinsider.com - October 25 at 2:50 AM
|8x8 Appoints Accomplished Industry Executives to Key Strategic ... - Business Wire (press release)|
www.businesswire.com - October 19 at 11:54 PM
|Relative Strength Alert For 8x8|
www.nasdaq.com - October 19 at 6:53 PM
|8x8 Appoints Accomplished Industry Executives To Key Strategic Positions Overseeing Company's Global Sales Organization|
www.thestreet.com - October 19 at 6:53 PM
|8x8 Appoints Accomplished Industry Executives to Key Strategic Positions Overseeing Company’s Global Sales Organization|
finance.yahoo.com - October 19 at 6:53 PM
|8x8 Inc (EGHT) to Release Quarterly Earnings on Thursday|
www.americanbankingnews.com - October 19 at 1:26 AM
|8×8, Inc. – Value Analysis (NASDAQ:EGHT) : October 18, 2017|
finance.yahoo.com - October 18 at 7:33 PM
|8x8 Inc (EGHT) Rating Increased to Hold at Zacks Investment Research|
www.americanbankingnews.com - October 17 at 9:38 PM
|8×8, Inc. breached its 50 day moving average in a Bearish Manner : EGHT-US : October 17, 2017|
finance.yahoo.com - October 17 at 6:55 PM
|Zacks: Brokerages Expect 8x8 Inc (EGHT) Will Announce Quarterly Sales of $71.64 Million|
www.americanbankingnews.com - October 15 at 1:52 PM
|Oi SA (OIBR) and 8x8 (EGHT) Head-To-Head Review|
www.americanbankingnews.com - October 14 at 10:46 AM
| Analysts Expect 8x8 Inc (EGHT) Will Announce Earnings of $0.02 Per Share|
www.americanbankingnews.com - October 13 at 6:22 AM
|8x8 Hires Marketing Industry Leaders to Accelerate Global Brand, Customer Demand and Revenue Growth - Business Wire (press release)|
www.businesswire.com - October 12 at 7:04 PM
|8x8 Hires Marketing Industry Leaders to Accelerate Global Brand, Customer Demand and Revenue Growth|
finance.yahoo.com - October 12 at 7:03 PM
|8x8 Inc (EGHT) Given Consensus Recommendation of "Hold" by Brokerages|
www.americanbankingnews.com - October 11 at 3:04 PM
|8x8 to Announce Second Quarter Fiscal 2018 Results on October 26 - Business Wire (press release)|
www.businesswire.com - October 5 at 9:48 AM
|8x8 to Announce Second Quarter Fiscal 2018 Results on October 26|
finance.yahoo.com - October 5 at 9:48 AM
|Reviewing 8x8 (EGHT) & Its Competitors|
www.americanbankingnews.com - October 4 at 8:30 PM
|8X8 Revolutionizes Business Communications Industry with the Launch of Virtual Office Editions|
finance.yahoo.com - October 3 at 10:30 AM
|Head-To-Head Contrast: 8x8 (EGHT) versus Its Peers|
www.americanbankingnews.com - October 1 at 12:18 PM
|8×8 Inc (EGHT): How Does It Impact Your Portfolio?|
finance.yahoo.com - September 29 at 2:58 PM
|Form 4 8X8 INC /DE/ For: Sep 22 Filed by: MARTIN BRYAN R|
www.streetinsider.com - September 27 at 6:37 PM
|8x8 Inc (EGHT) Expected to Announce Quarterly Sales of $71.72 Million|
www.americanbankingnews.com - September 26 at 3:52 AM
|8×8, Inc. breached its 50 day moving average in a Bearish Manner : EGHT-US : September 22, 2017|
finance.yahoo.com - September 22 at 8:39 AM
|8x8 Promotes Dejan Deklich to Executive Vice President and Chief Product Officer - Business Wire (press release)|
www.businesswire.com - September 21 at 9:06 AM
8X8 (NASDAQ:EGHT) SEC Filings
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8X8 (NASDAQ:EGHT) Income Statement, Balance Sheet and Cash Flow Statement
8X8 (NASDAQ EGHT) Stock Chart for Thursday, December, 14, 2017