8X8 Stock Price, News & Analysis (NASDAQ:EGHT) $3.22 -0.02 (-0.62%) (As of 12/5/2023 ET) Add Compare Share Share Today's Range$3.16▼$3.3050-Day Range$2.24▼$3.2852-Week Range$2.15▼$6.49Volume1.08 million shsAverage Volume1.82 million shsMarket Capitalization$393.37 millionP/E RatioN/ADividend YieldN/APrice Target$4.26 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media 8X8 MarketRank™ Stock AnalysisAnalyst RatingHold2.22 Rating ScoreUpside/Downside32.2% Upside$4.26 Price TargetShort InterestBearish12.56% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.00Based on 3 Articles This WeekInsider TradingSelling Shares$166,602 Sold Last QuarterProj. Earnings GrowthGrowingFrom ($0.07) to ($0.01) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.27 out of 5 starsComputer And Technology Sector220th out of 592 stocksData Processing & Preparation Industry19th out of 49 stocks 4.1 Analyst's Opinion Consensus Rating8X8 has received a consensus rating of Hold. The company's average rating score is 2.22, and is based on 3 buy ratings, 5 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $4.26, 8X8 has a forecasted upside of 32.2% from its current price of $3.22.Amount of Analyst Coverage8X8 has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 1.0 Short Interest Percentage of Shares Shorted12.56% of the outstanding shares of 8X8 have been sold short.Short Interest Ratio / Days to Cover8X8 has a short interest ratio ("days to cover") of 6.9.Change versus previous monthShort interest in 8X8 has recently increased by 2.88%, indicating that investor sentiment is decreasing. Previous Next 0.0 Dividend Strength Dividend Yield8X8 does not currently pay a dividend.Dividend Growth8X8 does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for EGHT. Previous Next 3.3 News and Social Media Coverage News Sentiment8X8 has a news sentiment score of 1.00. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.38 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 3 news articles for 8X8 this week, compared to 3 articles on an average week.Search Interest4 people have searched for EGHT on MarketBeat in the last 30 days. This is an increase of 33% compared to the previous 30 days.MarketBeat Follows11 people have added 8X8 to their MarketBeat watchlist in the last 30 days. This is an increase of 175% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, 8X8 insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $166,602.00 in company stock.Percentage Held by InsidersOnly 1.08% of the stock of 8X8 is held by insiders.Percentage Held by Institutions99.89% of the stock of 8X8 is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for 8X8 are expected to grow in the coming year, from ($0.07) to ($0.01) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of 8X8 is -6.44, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of 8X8 is -6.44, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share Ratio8X8 has a P/B Ratio of 3.66. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here 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 and mid-size businesses, mid-market and larger enterprises, government agencies, and other organizations worldwide. It provides 8x8 Work, a self-contained end-to-end united communications solution that delivers enterprise voice with public switched telephone network connectivity, video meetings, and unified messaging, as well as direct messages, public and private team messaging rooms, and short and multimedia services; 8x8 Contact Center, a multi-channel cloud-based contact center solution; and 8x8 CPaaS, a set of global communications Platform-as-a-Service. The company also 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. It markets its services to end users through industry conferences, trade shows, Webinars, and digital advertising channels. The company was incorporated in 1987 and is headquartered in Campbell, California.Read More EGHT Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart EGHT Stock News HeadlinesDecember 5, 2023 | finance.yahoo.com8x8 Named a Leader in the 2023 Gartner® Magic Quadrant™ for Unified Communications as a ServiceDecember 3, 2023 | americanbankingnews.comComparing 8X8 (NASDAQ:EGHT) & Adit EdTech Acquisition (NYSE:ADEX)December 6, 2023 | Edge On The Street (Ad)The Strategic Gold Play You Haven't Heard AboutExperts recommend adding gold to your portfolio, but in what form? Some savvy investors are now rejecting coins and mining stocks in favor of a unique gold investment alternative. It holds explosive growth potential similar to a junior gold stock -- but with less risk exposure. December 1, 2023 | stocknews.comAnalyzing Top 3 Internet Buys for a Healthy PortfolioNovember 23, 2023 | finance.yahoo.comEGHT vs. FFIV: Which Stock Is the Better Value Option?November 14, 2023 | finance.yahoo.comBaptist World Aid Chooses 8x8 to Deliver Superior Communications Experiences to its Donors, Employees, and Partners in the Fight Against Global PovertyNovember 13, 2023 | finance.yahoo.com8x8, Inc. Announces Participation in Upcoming Investor EventsNovember 6, 2023 | finance.yahoo.comAfter losing 21% in the past year, 8x8, Inc. (NASDAQ:EGHT) institutional owners must be relieved by the recent gainDecember 6, 2023 | Autonomix (Ad)How to Invest Early In the Next Potential Breakthrough Nerve-Sensing TechnologyAutonomix is preparing a public listing as they develop technology to potentially detect and treat a range of nervous system disorders with much greater visibility than available today. Now, their management team sees a potentially untapped $100B market opportunity.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.comNovember 3, 2023 | marketwatch.com8x8 Shares Rise 31% After 2Q ReportNovember 3, 2023 | benzinga.com8x8 Stock (NASDAQ:EGHT), Analyst Ratings, Price Targets, PredictionsNovember 3, 2023 | msn.comCraig-Hallum Upgrades 8X8 (EGHT)November 2, 2023 | finance.yahoo.com8×8, Inc. (NYSE:EGHT) Q2 2024 Earnings Call TranscriptNovember 2, 2023 | markets.businessinsider.comWells Fargo Keeps Their Sell Rating on 8X8 (EGHT)November 2, 2023 | msn.com8x8 surges 30% after Craig-Hallum upgrades following Q2 beatNovember 1, 2023 | finance.yahoo.com8x8 Inc (EGHT) Reports Second Quarter Fiscal 2024 Financial ResultsNovember 1, 2023 | finance.yahoo.com8x8’s AI-powered Intelligent Customer Assistant Drives Customer Experience Success and Enhanced Contact Center PerformanceNovember 1, 2023 | finance.yahoo.com8x8, Inc. Reports Second Quarter Fiscal 2024 Financial ResultsNovember 1, 2023 | finance.yahoo.com8x8's (NASDAQ:EGHT) Posts Q2 Sales In Line With EstimatesOctober 31, 2023 | markets.businessinsider.comHere's what to expect from 8X8's earningsOctober 31, 2023 | finance.yahoo.comWhat To Expect From 8x8’s (EGHT) Q2 EarningsOctober 26, 2023 | finance.yahoo.comNew 8x8 XCaaS Cloud Contact Center and Unified Communications Platform Innovations Create Tailored, Enhanced Customer and Employee ExperiencesOctober 19, 2023 | markets.businessinsider.comWhat 8 Analyst Ratings Have To Say About 8x8October 13, 2023 | finance.yahoo.com8x8, Inc. Schedules Second Quarter Fiscal 2024 Earnings Release and Conference CallOctober 5, 2023 | finance.yahoo.com8x8 Brings New Video Functionality to 8x8 Contact Center for Elevated Customer EngagementOctober 4, 2023 | news.yahoo.comTim Ferriter's son: 'I slept in an 8x8 room in the garage'October 2, 2023 | theglobeandmail.comQ2 Earnings Roundup: 8x8 (NYSE:EGHT) And The Rest Of The Video Conferencing SegmentSee More Headlines Receive EGHT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for 8X8 and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings11/01/2023Today12/05/2023Next Earnings (Estimated)2/07/2024Fiscal Year End3/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Data processing & preparation Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:EGHT CUSIPN/A CIK1023731 Webwww.8x8.com Phone(408) 727-1885Fax408-727-1885Employees1,921Year FoundedN/APrice Target and Rating Average Stock Price Target$4.26 High Stock Price Target$7.00 Low Stock Price Target$2.50 Potential Upside/Downside+32.2%Consensus RatingHold Rating Score (0-4)2.22 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)($0.50) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-73,140,000.00 Net Margins-7.90% Pretax Margin-7.51% Return on Equity-18.85% Return on Assets-2.29% Debt Debt-to-Equity Ratio3.69 Current Ratio1.23 Quick Ratio1.23 Sales & Book Value Annual Sales$737.22 million Price / Sales0.53 Cash Flow$0.37 per share Price / Cash Flow8.62 Book Value$0.88 per share Price / Book3.66Miscellaneous Outstanding Shares122,164,000Free Float120,845,000Market Cap$393.37 million OptionableOptionable Beta1.40 13 Stocks Institutional Investors Won't Stop BuyingWhich stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.Get This Free Report Key ExecutivesMr. Samuel C. WilsonCEO & DirectorMr. Kevin KrausChief Financial OfficerMs. Suzy SeandelSenior VP & Chief Accounting OfficerMr. Laurence DennyChief Legal Officer & Corporate SecretaryDr. Hunter Middleton Ph.D. (Age 56)Chief Product Officer & Chief Innovation Officer Comp: $589.84kMr. Bryan R. Martin (Age 55)Chief Technology Officer Colin CarmichaelChief Information OfficerMs. Kate PattersonVice President of Investor RelationsMr. Bruno BertiniChief Marketing OfficerDr. Jeanette WintersChief Human Resources OfficerMore ExecutivesKey CompetitorsLiveVoxNASDAQ:LVOXOomaNYSE:OOMABandwidthNASDAQ:BANDTucowsNASDAQ:TCXInnodataNASDAQ:INODView All CompetitorsInsiders & InstitutionsDeutsche Bank AGSold 578,787 shares on 11/24/2023Ownership: 0.056%Graham Capital Management L.P.Bought 35,257 shares on 11/22/2023Ownership: 0.039%Walleye Capital LLCSold 50,093 shares on 11/21/2023Ownership: 0.036%Creative PlanningSold 25,099 shares on 11/16/2023Ownership: 0.026%Royal Bank of CanadaSold 14,016 shares on 11/15/2023Ownership: 0.100%View All Insider TransactionsView All Institutional Transactions EGHT Stock Analysis - Frequently Asked Questions Should I buy or sell 8X8 stock right now? 9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for 8X8 in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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? 9 equities research analysts have issued 12-month price objectives for 8X8's shares. Their EGHT share price targets range from $2.50 to $7.00. On average, they anticipate the company's stock price to reach $4.26 in the next twelve months. This suggests a possible upside of 32.2% 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 2023? 8X8's stock was trading at $4.32 at the beginning of 2023. Since then, EGHT stock has decreased by 25.5% and is now trading at $3.22. View the best growth stocks for 2023 here. When is 8X8's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 7th 2024. View our EGHT earnings forecast. How were 8X8's earnings last quarter? 8x8, Inc. (NASDAQ:EGHT) released its earnings results on Wednesday, November, 1st. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.09. The company had revenue of $185 million for the quarter, compared to the consensus estimate of $183.94 million. 8X8 had a negative net margin of 7.90% and a negative trailing twelve-month return on equity of 18.85%. 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), SPDR S&P Software & Services ETF (XSW) and iShares Virtual Work and Life Multisector ETF (IWFH).Syntax Stratified SmallCap ETF (SSLY). Who are 8X8's major shareholders? 8X8's stock is owned by a variety of institutional and retail investors. Top institutional investors include Impax Asset Management Group plc (2.78%), Bank of New York Mellon Corp (2.49%), B. Riley Asset Management LLC (1.28%), S Squared Technology LLC (1.11%), Charles Schwab Investment Management Inc. (1.02%) and Northern Trust Corp (0.96%). 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, Steve Seger 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. This page (NASDAQ:EGHT) was last updated on 12/6/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding 8x8, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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