NASDAQ:EGHT

8X8 (EGHT) Stock Price, News & Analysis

$2.32
+0.12 (+5.45%)
(As of 04/23/2024 ET)
Today's Range
$2.18
$2.38
50-Day Range
$2.15
$3.15
52-Week Range
$2.12
$4.88
Volume
1.03 million shs
Average Volume
1.45 million shs
Market Capitalization
$286.33 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$3.68

8X8 MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
58.6% Upside
$3.68 Price Target
Short Interest
Healthy
12.22% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.28mentions of 8X8 in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$81,979 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.06) to ($0.02) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.16 out of 5 stars

Computer And Technology Sector

403rd out of 591 stocks

Data Processing & Preparation Industry

32nd out of 60 stocks

EGHT stock logo

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

EGHT Stock News Headlines

SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
8X8 (NASDAQ:EGHT) PT Lowered to $3.00
8x8 CFO sells shares worth $2,330
8x8, Inc. (NASDAQ:EGHT) Short Interest Down 6.5% in March
SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
8x8 Receives Multiple Awards for Continued Innovation
In-Depth Examination Of 4 Analyst Recommendations For 8x8
EGHT Aug 2024 2.500 put
8x8, Inc. Issues New Employee Inducement Grants
See More Headlines
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Company Calendar

Last Earnings
8/08/2023
Today
4/23/2024
Next Earnings (Confirmed)
5/08/2024
Fiscal Year End
3/31/2025

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 Target
$3.68
High Stock Price Target
$5.00
Low Stock Price Target
$2.50
Potential Upside/Downside
+58.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
$-73,140,000.00
Pretax Margin
-6.83%

Debt

Sales & Book Value

Annual Sales
$743.94 million
Cash Flow
$0.40 per share
Book Value
$0.88 per share

Miscellaneous

Free Float
122,088,000
Market Cap
$286.33 million
Optionable
Optionable
Beta
1.46
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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 57)
    Chief Product Officer & Chief Innovation Officer
    Comp: $589.84k
  • Mr. Bryan R. Martin (Age 56)
    Chief Technology Officer
  • Ms. Kate Patterson
    Vice President of Investor Relations
  • Mr. Bruno Bertini
    Chief Marketing Officer
  • Dr. Jeanette Winters
    Chief Human Resources Officer
  • Mr. Mehdi Salour (Age 48)
    Senior Vice President of Global Network & Development Operations
    Comp: $213.94k

EGHT Stock Analysis - Frequently Asked Questions

Should I buy or sell 8X8 stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for 8X8 in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" EGHT shares.
View EGHT analyst ratings
or view top-rated stocks.

What is 8X8's stock price target for 2024?

6 Wall Street analysts have issued twelve-month price targets for 8X8's shares. Their EGHT share price targets range from $2.50 to $5.00. On average, they predict the company's stock price to reach $3.68 in the next year. This suggests a possible upside of 58.6% 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 2024?

8X8's stock was trading at $3.78 at the start of the year. Since then, EGHT shares have decreased by 38.6% and is now trading at $2.32.
View the best growth stocks for 2024 here
.

Are investors shorting 8X8?

8X8 saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 15,080,000 shares, a drop of 6.5% from the March 15th total of 16,120,000 shares. Based on an average trading volume of 1,520,000 shares, the days-to-cover ratio is currently 9.9 days.
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, May 8th 2024.
View our EGHT earnings forecast
.

How can I listen to 8X8's earnings call?

8X8 will be holding an earnings conference call on Wednesday, May 8th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were 8X8's earnings last quarter?

8x8, Inc. (NASDAQ:EGHT) announced its earnings results on Tuesday, August, 8th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by $0.01. The firm earned $183.30 million during the quarter, compared to the consensus estimate of $187.09 million. 8X8 had a negative net margin of 7.28% and a negative trailing twelve-month return on equity of 5.89%. The business's quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.14) EPS.

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).Direxion Work From Home ETF (WFH).

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

8X8 issued an update on its fourth quarter 2024 earnings guidance on Wednesday, January, 31st. The company provided EPS guidance of for the period. The company issued revenue guidance of $176.0 million-$181.0 million, compared to the consensus revenue estimate of $185.8 million.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:EGHT) was last updated on 4/23/2024 by MarketBeat.com Staff

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