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 .

8X8 Stock Price, News & Analysis (NASDAQ:EGHT)

$3.22

-0.02 (-0.62%)

(As of 12/5/2023 ET)

Compare

Today's Range: $3.16
▼
$3.30
50-Day Range: $2.24
▼
$3.28
52-Week Range: $2.15
▼
$6.49

Volume: 1.08 million shs
Average Volume: 1.82 million shs
Market Capitalization: $393.37 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $4.26

8X8 MarketRank™ Stock Analysis

Analyst Rating: Hold
2.22 Rating Score
Upside/Downside: 32.2% Upside
$4.26 Price Target
Short Interest: Bearish
12.56% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.00
Based on 3 Articles This Week
Insider Trading: Selling Shares
$166,602 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.07) to ($0.01) Per Share

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 stars

Computer And Technology Sector

220th out of 592 stocks

Data Processing & Preparation Industry

19th out of 49 stocks

4.1

Analyst's Opinion

Consensus Rating
8X8 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/Downside
According 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 Coverage
8X8 has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
12.56% of the outstanding shares of 8X8 have been sold short.
Short Interest Ratio / Days to Cover
8X8 has a short interest ratio ("days to cover") of 6.9.
Change versus previous month
Short interest in 8X8 has recently increased by 2.88%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
8X8 does not currently pay a dividend.
Dividend Growth
8X8 does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for EGHT.

3.3

News and Social Media Coverage

News Sentiment
8X8 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 Week
MarketBeat has tracked 3 news articles for 8X8 this week, compared to 3 articles on an average week.
Search Interest
4 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 Follows
11 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.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In 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 Insiders
Only 1.08% of the stock of 8X8 is held by insiders.
Percentage Held by Institutions
99.89% of the stock of 8X8 is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for 8X8 are expected to grow in the coming year, from ($0.07) to ($0.01) per share.
Price to Earnings Ratio vs. the Market
The 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. Sector
The 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 Ratio
8X8 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.

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.

EGHT Stock Price History

30 days | 90 days | 365 days | Advanced Chart

EGHT Stock News Headlines

December 5, 2023 | finance.yahoo.com

8x8 Named a Leader in the 2023 Gartner® Magic Quadrant™ for Unified Communications as a Service

December 3, 2023 | americanbankingnews.com

Comparing 8X8 (NASDAQ:EGHT) & Adit EdTech Acquisition (NYSE:ADEX)

December 6, 2023 | Edge On The Street (Ad)

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December 1, 2023 | stocknews.com

Analyzing Top 3 Internet Buys for a Healthy Portfolio

November 23, 2023 | finance.yahoo.com

EGHT vs. FFIV: Which Stock Is the Better Value Option?

November 14, 2023 | finance.yahoo.com

Baptist World Aid Chooses 8x8 to Deliver Superior Communications Experiences to its Donors, Employees, and Partners in the Fight Against Global Poverty

November 13, 2023 | finance.yahoo.com

8x8, Inc. Announces Participation in Upcoming Investor Events

November 6, 2023 | finance.yahoo.com

After losing 21% in the past year, 8x8, Inc. (NASDAQ:EGHT) institutional owners must be relieved by the recent gain

December 6, 2023 | Autonomix (Ad)

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November 3, 2023 | marketwatch.com

8x8 Shares Rise 31% After 2Q Report

November 3, 2023 | benzinga.com

8x8 Stock (NASDAQ:EGHT), Analyst Ratings, Price Targets, Predictions

November 3, 2023 | msn.com

Craig-Hallum Upgrades 8X8 (EGHT)

November 2, 2023 | finance.yahoo.com

8×8, Inc. (NYSE:EGHT) Q2 2024 Earnings Call Transcript

November 2, 2023 | markets.businessinsider.com

Wells Fargo Keeps Their Sell Rating on 8X8 (EGHT)

November 2, 2023 | msn.com

8x8 surges 30% after Craig-Hallum upgrades following Q2 beat

November 1, 2023 | finance.yahoo.com

8x8 Inc (EGHT) Reports Second Quarter Fiscal 2024 Financial Results

November 1, 2023 | finance.yahoo.com

8x8’s AI-powered Intelligent Customer Assistant Drives Customer Experience Success and Enhanced Contact Center Performance

November 1, 2023 | finance.yahoo.com

8x8, Inc. Reports Second Quarter Fiscal 2024 Financial Results

November 1, 2023 | finance.yahoo.com

8x8's (NASDAQ:EGHT) Posts Q2 Sales In Line With Estimates

October 31, 2023 | markets.businessinsider.com

Here's what to expect from 8X8's earnings

October 31, 2023 | finance.yahoo.com

What To Expect From 8x8’s (EGHT) Q2 Earnings

October 26, 2023 | finance.yahoo.com

New 8x8 XCaaS Cloud Contact Center and Unified Communications Platform Innovations Create Tailored, Enhanced Customer and Employee Experiences

October 19, 2023 | markets.businessinsider.com

What 8 Analyst Ratings Have To Say About 8x8

October 13, 2023 | finance.yahoo.com

8x8, Inc. Schedules Second Quarter Fiscal 2024 Earnings Release and Conference Call

October 5, 2023 | finance.yahoo.com

8x8 Brings New Video Functionality to 8x8 Contact Center for Elevated Customer Engagement

October 4, 2023 | news.yahoo.com

Tim Ferriter's son: 'I slept in an 8x8 room in the garage'

October 2, 2023 | theglobeandmail.com

Q2 Earnings Roundup: 8x8 (NYSE:EGHT) And The Rest Of The Video Conferencing Segment

See More Headlines

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Company Calendar

Last Earnings: 11/01/2023
Today: 12/05/2023
Next Earnings (Estimated): 2/07/2024
Fiscal Year End: 3/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Data processing & preparation
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:EGHT
CUSIP: N/A
CIK: 1023731
Web: www.8x8.com
Phone: (408) 727-1885
Fax: 408-727-1885
Employees: 1,921
Year Founded: N/A

Price 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 Rating: Hold
Rating Score (0-4): 2.22
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.50)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net 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 Ratio: 3.69
Current Ratio: 1.23
Quick Ratio: 1.23

Sales & Book Value

Annual Sales: $737.22 million
Price / Sales: 0.53
Cash Flow: $0.37 per share
Price / Cash Flow: 8.62
Book Value: $0.88 per share
Price / Book: 3.66

Miscellaneous

Outstanding Shares: 122,164,000
Free Float: 120,845,000
Market Cap: $393.37 million
Optionable: Optionable
Beta: 1.40

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Key Executives

Mr. Samuel C. Wilson
CEO & Director
Mr. Kevin Kraus
Chief Financial Officer
Ms. Suzy Seandel
Senior VP & Chief Accounting Officer
Mr. Laurence Denny
Chief Legal Officer & Corporate Secretary
Dr. Hunter Middleton Ph.D. (Age 56)
Chief Product Officer & Chief Innovation Officer
Comp: $589.84k
Mr. Bryan R. Martin (Age 55)
Chief Technology Officer
Colin Carmichael
Chief Information Officer
Ms. Kate Patterson
Vice President of Investor Relations
Mr. Bruno Bertini
Chief Marketing Officer
Dr. Jeanette Winters
Chief Human Resources Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View 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

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8X8 Stock Price, News & Analysis (NASDAQ:EGHT)

8X8 MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About 8X8 Stock (NASDAQ:EGHT)

EGHT Stock Price History

EGHT Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

EGHT Stock Analysis - Frequently Asked Questions

Overall MarketRank^™