NASDAQ:EGHT - 8X8 Stock Price, News, & Analysis

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$20.08 +0.53 (+2.71 %)
(As of 02/22/2019 04:00 PM ET)
Previous Close$19.55
Today's Range$19.48 - $20.16
52-Week Range$15.13 - $23.50
Volume1.30 million shs
Average Volume1.25 million shs
Market Capitalization$1.92 billion
P/E RatioN/A
Dividend YieldN/A
BetaN/A
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.

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Industry, Sector and Symbol

Industry N/A
Sub-IndustryAlternative Carriers
SectorN/A
Current SymbolNASDAQ:EGHT
CUSIP28291410
Phone+1-408-7271885

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesN/A

Profitability

Miscellaneous

Employees1,019
Market Cap$1.92 billion
Next Earnings Date5/23/2019 (Estimated)
OptionableOptionable

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 announced that its board has approved a share repurchase program on Sunday, June 4th 2017, which authorizes the company to repurchase $25,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 28% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

How were 8X8's earnings last quarter?

8x8, Inc. (NASDAQ:EGHT) announced its quarterly earnings data on Tuesday, January, 29th. The technology company reported ($0.06) EPS for the quarter, meeting the consensus estimate of ($0.06). The technology company had revenue of $89.91 million for the quarter, compared to analyst estimates of $88.57 million. View 8X8's Earnings History.

When is 8X8's next earnings date?

8X8 is scheduled to release their next quarterly earnings announcement on Thursday, May 23rd 2019. View Earnings Estimates for 8X8.

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

8X8 issued an update on its FY 2019 earnings guidance on Tuesday, January, 29th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $351-352 million, compared to the consensus revenue estimate of $351.85 million.

What price target have analysts set for EGHT?

11 brokers have issued 12-month price objectives for 8X8's stock. Their predictions range from $22.00 to $25.00. On average, they expect 8X8's share price to reach $23.3571 in the next twelve months. This suggests a possible upside of 16.3% from the stock's current price. View Analyst Price Targets for 8X8.

What is the consensus analysts' recommendation for 8X8?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for 8X8 in the last year. There are currently 3 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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. According to Zacks Investment Research, "8x8, Inc. is the provider of the world's first Communications Cloud that combines unified communications, team collaboration interoperability, contact center and real-time analytics in a single open platform that integrates across clouds, applications and devices, eliminating information silos to expose vital, real-time intelligence. 8x8, Inc. reduces complexity, cost, improve individual, team productivity, performance, and enhance the overall customer experience. 8x8 ensures high reliability and business continuity by delivering its cloud-based communications through the use of secure, fully redundant data centers. 8x8 communications are designed with built-in redundancy and no single point of failure. This highly secure, top-tier data centers are located in geographically dispersed sites across the globe. These data centers are SSAE 16 audited and provide automatic and transparent failover to prevent disruptions in service. " (1/24/2019)
  • 2. William Blair analysts commented, "We like the acquisition as it brings key automation and “customer journey” technology to 8×8 and its single platform for communications and customer engagement (contact center), pegs 8×8’s platform right alongside other cloud-based marketing and sales automation tools (an interesting direction for the company), and likely enhances the long-term value of the company . Single cloud platform for customer engagement. 8×8’s CTO and chairman of the board, Bryan Martin, gave a motivating speech at the Channel Partners conference last month, stating that “data is the new IT currency” and labeling 8×8 as a “big data company ." (5/16/2018)

Has 8X8 been receiving favorable news coverage?

News stories about EGHT stock have trended somewhat positive recently, InfoTrie reports. InfoTrie identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. 8X8 earned a daily sentiment score of 1.7 on InfoTrie's scale. They also gave news stories about the technology company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the near term.

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)
  • Amelia Generalis, Senior Vice President - Human Resources (Age 46)
  • 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)

Who are 8X8's major shareholders?

8X8's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.50%), First Trust Advisors LP (4.26%), Polar Capital LLP (2.63%), Massachusetts Financial Services Co. MA (1.88%), Northern Trust Corp (1.32%) and Kornitzer Capital Management Inc. KS (1.18%). Company insiders that own 8X8 stock include Bryan R Martin, Darren J Hakeman, Dejan Deklich, Ian Potter, Mary Ellen P Genovese and Vikram Verma. View Institutional Ownership Trends for 8X8.

Which institutional investors are selling 8X8 stock?

EGHT stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Monarch Partners Asset Management LLC, Barclays PLC, Millennium Management LLC, Los Angeles Capital Management & Equity Research Inc., Citigroup Inc., Segall Bryant & Hamill LLC and D. E. Shaw & Co. Inc.. Company insiders that have sold 8X8 company stock in the last year include Darren J Hakeman, Dejan Deklich and Ian Potter. View Insider Buying and Selling for 8X8.

Which institutional investors are buying 8X8 stock?

EGHT stock was purchased by a variety of institutional investors in the last quarter, including Westfield Capital Management Co. LP, Polar Capital LLP, Portolan Capital Management LLC, Oregon Public Employees Retirement Fund, Cowbird Capital LP, BlackRock Inc., Massachusetts Financial Services Co. MA and Intrinsic Edge Capital Management LLC. 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 shares of 8X8?

Shares of EGHT 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 EGHT stock can currently be purchased for approximately $20.08.

How big of a company is 8X8?

8X8 has a market capitalization of $1.92 billion. 8X8 employs 1,019 workers across the globe.

What is 8X8's official website?

The official website for 8X8 is http://www.8x8.com/.

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 (NASDAQ EGHT)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  339 (Vote Outperform)
Underperform Votes:  324 (Vote Underperform)
Total Votes:  663
MarketBeat's community ratings are surveys of what our community members think about 8X8 and other stocks. Vote "Outperform" if you believe EGHT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe EGHT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/23/2019 by MarketBeat.com Staff

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