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S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
15 A.I. Trading Opportunities a Day (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
15 A.I. Trading Opportunities a Day (Ad)
With oil prices slumping, OPEC+ producers weigh more production cuts
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
Stop Trading Like A Turtle (Ad)
Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
15 A.I. Trading Opportunities a Day (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
15 A.I. Trading Opportunities a Day (Ad)
With oil prices slumping, OPEC+ producers weigh more production cuts
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
Stop Trading Like A Turtle (Ad)
Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
15 A.I. Trading Opportunities a Day (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
15 A.I. Trading Opportunities a Day (Ad)
With oil prices slumping, OPEC+ producers weigh more production cuts
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
Stop Trading Like A Turtle (Ad)
Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
NASDAQ:EGHT

8X8 (EGHT) Stock Forecast, Price & News

$4.20
+0.24 (+6.06%)
(As of 06/2/2023 ET)
Compare
Today's Range
$4.00
$4.21
50-Day Range
$2.58
$4.20
52-Week Range
$2.50
$7.66
Volume
1.43 million shs
Average Volume
1.95 million shs
Market Capitalization
$488.71 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$6.16

8X8 MarketRank™ Forecast

Analyst Rating
Hold
2.27 Rating Score
Upside/​Downside
46.6% Upside
$6.16 Price Target
Short Interest
Bearish
14.76% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.02mentions of 8X8 in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$197,198 Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.73 out of 5 stars

Computer And Technology Sector

448th out of 609 stocks

Data Processing & Preparation Industry

42nd out of 64 stocks


EGHT stock logo

About 8X8 (NASDAQ:EGHT) Stock

8x8, Inc. engages in the provision of enterprise communication solutions. It offers solutions to the business services, education, financial services, government, healthcare, and manufacturing industries. The company was founded in February 1987 and is headquartered in Campbell, CA.

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EGHT Stock News Headlines

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8x8 Names Samuel Wilson CEO
8x8 Appoints Samuel Wilson as CEO
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9 Analysts Have This to Say About 8x8
Needham Reaffirms Their Buy Rating on 8X8 (EGHT)
StockNews.com Upgrades 8X8 (NASDAQ:EGHT) to Buy
Barclays Cuts 8X8 (NASDAQ:EGHT) Price Target to $4.00
8x8 (EGHT) Stock Trades Down, Here Is Why
8x8 Gets Price Target Cuts By Analysts Following Q4 Results
8x8 (EGHT) Beats Q4 Earnings Estimates
See More Headlines

EGHT Price History

EGHT Company Calendar

Last Earnings
11/02/2021
Today
6/04/2023
Next Earnings (Estimated)
7/26/2023
Fiscal Year End
3/31/2024

Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
N/A
Current Symbol
NASDAQ:EGHT
Employees
1,921
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$6.16
High Stock Price Forecast
$10.00
Low Stock Price Forecast
$3.00
Forecasted Upside/Downside
+46.6%
Consensus Rating
Hold
Rating Score (0-4)
2.27
Research Coverage
15 Analysts

Profitability

Net Income
$-73,140,000.00
Pretax Margin
-9.45%

Debt

Sales & Book Value

Annual Sales
$743.94 million
Cash Flow
$0.38 per share
Book Value
$0.86 per share

Miscellaneous

Free Float
114,851,000
Market Cap
$488.71 million
Optionable
Optionable
Beta
1.27

Key Executives

  • Samuel C. Wilson
    Chief Executive Officer
  • Kevin Kraus
    Chief Financial Officer
  • Bryan R. Martin
    Chief Technology Officer
  • Michael Armer
    Chief Information Security Officer & VP
  • Hunter Middleton
    Chief Product Officer & Senior Vice President-R&D













EGHT Stock - Frequently Asked Questions

Should I buy or sell 8X8 stock right now?

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for 8X8 in the last twelve months. There are currently 1 sell rating, 9 hold ratings and 5 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 forecast for 2023?

15 analysts have issued 1 year target prices for 8X8's stock. Their EGHT share price forecasts range from $3.00 to $10.00. On average, they anticipate the company's stock price to reach $6.16 in the next twelve months. This suggests a possible upside of 46.6% 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 on January 1st, 2023. Since then, EGHT shares have decreased by 2.8% and is now trading at $4.20.
View the best growth stocks for 2023 here
.

Are investors shorting 8X8?

8X8 saw a drop in short interest in May. As of May 15th, there was short interest totaling 16,040,000 shares, a drop of 9.7% from the April 30th total of 17,760,000 shares. Based on an average daily volume of 1,540,000 shares, the short-interest ratio is currently 10.4 days. Currently, 14.8% of the shares of the company are sold short.
View 8X8's Short Interest
.

When is 8X8's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our EGHT earnings forecast
.

How were 8X8's earnings last quarter?

8x8, Inc. (NASDAQ:EGHT) posted its earnings results on Tuesday, November, 2nd. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The company earned $151.56 million during the quarter, compared to the consensus estimate of $149.48 million. 8X8 had a negative trailing twelve-month return on equity of 51.00% and a negative net margin of 9.83%. During the same period in the prior year, the company posted ($0.28) earnings per share.

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

8X8 issued an update on its FY 2024 earnings guidance on Friday, May, 12th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $755.00 million-$763.00 million, compared to the consensus revenue estimate of $744.92 million.

What is 8X8's stock symbol?

8X8 trades on the NASDAQ under the ticker symbol "EGHT."

Who are 8X8's major shareholders?

8X8's stock is owned by many different retail and institutional investors. Top institutional investors include Sylebra Capital Ltd (12.73%), ArrowMark Colorado Holdings LLC (10.63%), State Street Corp (4.28%), Geode Capital Management LLC (1.91%), Impax Asset Management Group plc (1.59%) and ExodusPoint Capital Management LP (1.09%). Insiders that own company stock include Bryan R Martin, David Sipes, Dejan Deklich, Elizabeth Harriet Theophille, Eric Salzman, Germaine Cota, Hunter Middleton, Laurence Denny, Matthew Zinn, Nathan Blecharczyk, Samuel C Wilson, Steve Seger and Vikram Verma.
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.

What is 8X8's stock price today?

One share of EGHT stock can currently be purchased for approximately $4.20.

How much money does 8X8 make?

8X8 (NASDAQ:EGHT) has a market capitalization of $488.71 million and generates $743.94 million in revenue each year. The company earns $-73,140,000.00 in net income (profit) each year or ($0.63) on an earnings per share basis.

How many employees does 8X8 have?

The company employs 1,921 workers across the globe.

How can I contact 8X8?

8X8's mailing address is 675 Creekside Way, Campbell CA, 95008. The official website for the company is www.8x8.com. The company can be reached via phone at (408) 727-1885, via email at investor.relations@8x8.com, or via fax at 408-727-1885.

This page (NASDAQ:EGHT) was last updated on 6/4/2023 by MarketBeat.com Staff

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