8x8 Company Profile (NASDAQ:EGHT)

About 8x8

8x8 logo8x8, 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.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Diversified Communication Services
  • Sub-Industry: Alternative Carriers
  • Exchange: NASDAQ
  • Symbol: EGHT
  • CUSIP: 28291410
Key Metrics:
  • Previous Close: $15.00
  • 50 Day Moving Average: $15.34
  • 200 Day Moving Average: $14.54
  • 52-Week Range: $90,932,000.00 - $9.01
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 57.69
  • P/E Growth: 2.41
  • Market Cap: $1364.00B
  • Outstanding Shares: 90,932,000
  • Beta: 0.5
Profitability:
  • Net Margins: -1.19%
  • Return on Equity: 1.85%
  • Return on Assets: 1.62%
Debt:
  • Current Ratio: 5.00%
  • Quick Ratio: 4.99%
Additional Links:
Companies Related to 8x8:

Analyst Ratings

Consensus Ratings for 8x8 (NASDAQ:EGHT) (?)
Ratings Breakdown: 1 Hold Rating, 9 Buy Ratings
Consensus Rating:Buy (Score: 2.90)
Consensus Price Target: $16.86 (12.38% upside)

Analysts' Ratings History for 8x8 (NASDAQ:EGHT)
Show:
DateFirmActionRatingPrice TargetDetails
1/28/2017B. RileyReiterated RatingNeutral$14.00View Rating Details
1/26/2017Barclays PLCBoost Price TargetOverweight$17.00 -> $18.00View Rating Details
1/26/2017Needham & Company LLCBoost Price TargetBuy$17.00 -> $18.00View Rating Details
12/12/2016Robert W. BairdUpgradeNeutral -> Outperform$15.00 -> $17.00View Rating Details
7/19/2016Dougherty & CoBoost Price TargetBuy$15.00 -> $18.00View Rating Details
6/30/2016Summit RedstoneReiterated RatingBuy$17.00View Rating Details
6/18/2016William BlairReiterated RatingBuyView Rating Details
5/22/2016Bank of America CorpReiterated RatingBuyView Rating Details
5/22/2016Deutsche Bank AGReiterated RatingBuyView Rating Details
5/22/2016Summit ResearchReiterated RatingBuy$16.00View Rating Details
10/23/2015Craig HallumBoost Price TargetBuy$11.00 -> $12.00View Rating Details
10/23/2015Canaccord GenuityReiterated RatingBuy$9.75 -> $11.50View Rating Details
10/23/2015Northland SecuritiesBoost Price TargetOutperform$11.25 -> $12.00View Rating Details
(Data available from 2/19/2015 forward)

Earnings

Earnings History for 8x8 (NASDAQ:EGHT)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/17/2017        
1/25/2017Q317$0.04$0.06$63.51 million$63.68 millionViewN/AView Earnings Details
10/26/2016Q217$0.03$0.06$14.39 million$63.20 millionViewListenView Earnings Details
7/21/2016Q117$0.03$0.06$57.97 million$60.00 millionViewListenView Earnings Details
5/19/2016Q416$0.02$0.03$54.41 million$57.33 millionViewListenView Earnings Details
1/21/2016Q316$0.03$0.05$52.00 million$53.20 millionViewListenView Earnings Details
10/22/2015Q216$0.03$0.03$49.87 million$50.94 millionViewListenView Earnings Details
7/22/2015Q116$0.03$0.05$46.31 million$46.70 millionViewListenView Earnings Details
5/20/2015Q415$0.04$0.05$43.13 million$43.50 millionViewListenView Earnings Details
1/22/2015Q315$0.04$0.04$41.41 million$41.40 millionViewN/AView Earnings Details
10/22/2014Q215$0.03$0.05$39.50 million$39.60 millionViewListenView Earnings Details
7/23/2014Q115$0.03$0.03$37.46 million$37.90 millionViewListenView Earnings Details
5/21/2014Q414$0.03$0.04$35.80 million$35.80 millionViewListenView Earnings Details
1/22/2014Q314$0.04$0.03$32.41 million$32.70 millionViewN/AView Earnings Details
10/23/2013Q214$0.06$0.05$31.10 million$30.82 millionViewN/AView Earnings Details
7/24/2013Q1 2014$0.06$0.06$29.57 million$30.00 millionViewN/AView Earnings Details
5/22/2013Q4 2014$0.06$0.05$28.28 million$28.70 millionViewN/AView Earnings Details
1/24/2013Q3 2013$0.05$0.05$27.30 million$27.34 millionViewN/AView Earnings Details
10/24/2012$0.05$0.05ViewN/AView Earnings Details
7/18/2012$0.04$0.05ViewN/AView Earnings Details
5/16/2012$0.03$0.04ViewN/AView Earnings Details
1/18/2012$0.03$0.04ViewN/AView Earnings Details
10/19/2011$0.03$0.01ViewN/AView Earnings Details
7/20/2011$0.03$0.03ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for 8x8 (NASDAQ:EGHT)
Current Year EPS Consensus Estimate: $0.21 EPS
Next Year EPS Consensus Estimate: $0.26 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q3 20172($0.01)($0.01)($0.01)
Q4 20172($0.01)$0.00($0.01)
(Data provided by Zacks Investment Research)

Dividends

Dividend History for 8x8 (NASDAQ:EGHT)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading History for 8x8 (NASDAQ:EGHT)
Insider Ownership Percentage: 4.00%
Institutional Ownership Percentage: 70.83%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/10/2017Bryan R MartinInsiderSell100,000$15.61$1,561,000.00View SEC Filing  
2/9/2017Eric SalzmanDirectorSell25,000$15.41$385,250.00View SEC Filing  
5/24/2016Bryan R MartinCTOSell43,142$12.45$537,117.90View SEC Filing  
2/12/2016Bryan R. MartinCTOSell56,758$10.81$613,553.98View SEC Filing  
2/5/2016Bryan R. MartinCTOSell100$12.27$1,227.00View SEC Filing  
10/30/2014Bryan R MartinCTOSell50,000$7.81$390,500.00View SEC Filing  
5/27/2014Vikram VermaCEOBuy38,000$7.42$281,960.00View SEC Filing  
11/22/2013Vikram VermaCEOBuy25,000$9.49$237,250.00View SEC Filing  
11/20/2013Ian PotterDirectorBuy30,000$9.25$277,500.00View SEC Filing  
6/28/2013Mansour SalameDirectorSell15,093$8.23$124,215.39View SEC Filing  
6/26/2013Mansour SalameDirectorSell40,000$8.15$326,000.00View SEC Filing  
6/24/2013Mansour SalameDirectorSell50,000$8.14$407,000.00View SEC Filing  
6/20/2013Mansour SalameDirectorSell55,000$8.21$451,550.00View SEC Filing  
6/18/2013Mansour SalameDirectorSell60,000$8.11$486,600.00View SEC Filing  
6/14/2013Mansour SalameDirectorSell19,000$7.86$149,340.00View SEC Filing  
6/10/2013Mansour SalameDirectorSell42,700$8.12$346,724.00View SEC Filing  
5/30/2013Bryan R MartinCEOSell6,200$7.81$48,422.00View SEC Filing  
5/30/2013Mansour SalameDirectorSell48,000$7.99$383,520.00View SEC Filing  
5/28/2013Mansour SalameDirectorSell36,000$7.83$281,880.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for 8x8 (NASDAQ:EGHT)
DateHeadline
4-traders.com logo8x8 : and CarrierSales Team up to Deliver Enterprise Cloud Communications Solutions (NASDAQ:EGHT)
www.4-traders.com - February 16 at 4:02 PM
capitalcube.com logo8×8, Inc. breached its 50 day moving average in a Bearish Manner : EGHT-US : February 15, 2017 (NASDAQ:EGHT)
www.capitalcube.com - February 16 at 4:02 PM
finance.yahoo.com logo8X8 INC /DE/ Financials (NASDAQ:EGHT)
finance.yahoo.com - February 11 at 5:00 PM
finance.yahoo.com logo8x8 and CarrierSales Team up to Deliver Enterprise Cloud Communications Solutions (NASDAQ:EGHT)
finance.yahoo.com - February 9 at 5:29 PM
biz.yahoo.com logo8X8 INC /DE/ Files SEC form 10-Q, Quarterly Report (NASDAQ:EGHT)
biz.yahoo.com - February 8 at 5:26 PM
marketwatch.com logoU.S. job-openings gauge little changed in December (NASDAQ:EGHT)
feeds.marketwatch.com - February 7 at 11:14 AM
4-traders.com logo02/04 BlackRock Advisors LLC Increases Position in 8×8 Inc $EGHT (NASDAQ:EGHT)
www.4-traders.com - February 5 at 3:05 AM
4-traders.com logo8x8's PT raised by Needham & Company LLC to $18.00. https://t.co/GEN8jBzbYi $EGHT #EGHT (NASDAQ:EGHT)
www.4-traders.com - January 27 at 4:17 AM
4-traders.com logo8x8 : reports 3Q loss (NASDAQ:EGHT)
www.4-traders.com - January 26 at 11:14 PM
businesswire.com logo8x8, Inc. Reports Third Quarter Fiscal 2017 Financial Results - Business Wire (press release) (NASDAQ:EGHT)
www.businesswire.com - January 26 at 6:13 PM
streetinsider.com logo8x8, Inc. (EGHT) Tops Q3 EPS by 2c - StreetInsider.com (NASDAQ:EGHT)
www.streetinsider.com - January 26 at 6:13 PM
finance.yahoo.com logoEdited Transcript of EGHT earnings conference call or presentation 25-Jan-17 9:30pm GMT (NASDAQ:EGHT)
finance.yahoo.com - January 26 at 6:13 PM
seekingalpha.com logo8X8's (EGHT) CEO Vik Verma on Q3 2017 Results - Earnings Call Transcript (NASDAQ:EGHT)
seekingalpha.com - January 26 at 4:15 AM
finance.yahoo.com logo8x8 reports 3Q loss - Yahoo Finance - Yahoo Finance (NASDAQ:EGHT)
finance.yahoo.com - January 25 at 11:12 PM
finance.yahoo.com logo8x8, Inc. Reports Third Quarter Fiscal 2017 Financial Results - Yahoo Finance (NASDAQ:EGHT)
finance.yahoo.com - January 25 at 11:12 PM
News Icon8x8 Inc. (NASDAQ:EGHT) 3Q17 earnings; Beats Street View - Stock Market Daily (blog) (NASDAQ:EGHT)
stockmarketdaily.co - January 25 at 11:12 PM
biz.yahoo.com logoQ3 2017 8x8 Inc Earnings Release - After Market Close (NASDAQ:EGHT)
us.rd.yahoo.com - January 25 at 6:10 PM
us.rd.yahoo.com logo8x8, Inc. Reports Third Quarter Fiscal 2017 Financial Results (NASDAQ:EGHT)
us.rd.yahoo.com - January 25 at 6:10 PM
biz.yahoo.com logo8X8 INC /DE/ Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits (NASDAQ:EGHT)
us.rd.yahoo.com - January 25 at 6:10 PM
us.rd.yahoo.com logo4:10 pm 8x8 beats by $0.02, reports revs in-line; reaffirms FY17 revs guidance, raises non-GAAP net income guidance (NASDAQ:EGHT)
us.rd.yahoo.com - January 25 at 6:10 PM
sg.finance.yahoo.com logo8x8 reports 3Q loss (NASDAQ:EGHT)
sg.finance.yahoo.com - January 25 at 6:09 PM
investornewswire.com logo8x8 Inc (NASDAQ:EGHT) Sales Predicted At $297.839 - Investor Newswire (NASDAQ:EGHT)
www.investornewswire.com - January 25 at 3:38 AM
4-traders.com logoComms firm 8x8 awarded three cloud patents https://t.co/sVmhzYamJB $EGHT (NASDAQ:EGHT)
www.4-traders.com - January 24 at 5:35 PM
seekingalpha.com logoComms firm 8x8 awarded three cloud patents (NASDAQ:EGHT)
seekingalpha.com - January 23 at 6:29 PM
4-traders.com logo8x8 : 01/23/20178x8 Granted Three New Cloud Communications Patents (NASDAQ:EGHT)
www.4-traders.com - January 23 at 9:25 AM
finance.yahoo.com logo8x8 Granted Three New Cloud Communications Patents (NASDAQ:EGHT)
finance.yahoo.com - January 23 at 9:25 AM
investornewswire.com logo8x8 Inc (NASDAQ:EGHT) Strong Sell Recommendations At 0 - Investor Newswire (NASDAQ:EGHT)
www.investornewswire.com - January 22 at 4:48 PM
News IconSpot-check on CCI and RSI for 8x8 Inc. (EGHT) - Rives Journal (NASDAQ:EGHT)
rivesjournal.com - January 22 at 4:48 PM
4-traders.com logoBryan Martin: Josh Cartwright’s dangerous ride one of the worst I’ve seen https://t.co/LkSOVBl6S8 (NASDAQ:EGHT)
www.4-traders.com - January 22 at 3:53 AM
News IconNotable Friday Option Activity: EGHT, BAC, WFC (NASDAQ:EGHT)
www.stockoptionschannel.com - January 20 at 11:12 PM
streetinsider.com logoForm 4 8X8 INC /DE/ For: Jan 20 Filed by: Arora Puneet (NASDAQ:EGHT)
www.streetinsider.com - January 20 at 11:12 PM
News IconStock Focus: Watching RSI Levels on Shares of 8x8 Inc. (EGHT) - Rives Journal (NASDAQ:EGHT)
rivesjournal.com - January 20 at 6:11 PM
4-traders.com logo$EGHT - Patterns do not get much prettier (NASDAQ:EGHT)
www.4-traders.com - January 20 at 4:21 AM
streetinsider.com logoForm 4 8X8 INC /DE/ For: Jan 12 Filed by: Arora Puneet (NASDAQ:EGHT)
www.streetinsider.com - January 13 at 5:41 PM
fool.com logoHow 8x8, Inc. Gained 27% in 2016 (NASDAQ:EGHT)
www.fool.com - January 11 at 7:46 PM
finance.yahoo.com logoZacks.com featured highlights: Tesla Motors, Icahn Enterprises, Exa, 8x8 and Ocwen Financial (NASDAQ:EGHT)
finance.yahoo.com - January 11 at 5:28 PM
globenewswire.com logo8x8, Inc. (Nasdaq: EGHT) to Ring The Nasdaq Stock Market Opening Bell - GlobeNewswire (press release) (NASDAQ:EGHT)
globenewswire.com - January 11 at 3:53 AM
finance.yahoo.com logo8x8, Inc. (Nasdaq: EGHT) to Ring The Nasdaq Stock Market Opening Bell (NASDAQ:EGHT)
finance.yahoo.com - January 9 at 5:43 PM
businesswire.com logo8x8 to Report Third Quarter Fiscal 2017 Earnings on January 25 - Business Wire (press release) (NASDAQ:EGHT)
www.businesswire.com - January 6 at 10:29 PM
investornewswire.com logo8x8 Inc (NASDAQ:EGHT) Records An Impact Score Of 66 - Investor Newswire (NASDAQ:EGHT)
www.investornewswire.com - January 6 at 10:29 PM
finance.yahoo.com logo8x8 to Report Third Quarter Fiscal 2017 Earnings on January 25 (NASDAQ:EGHT)
finance.yahoo.com - January 4 at 6:01 PM
publicnow.com logo01/04/20178x8 to Report Third Quarter Fiscal 2017 Earnings on January 25 (NASDAQ:EGHT)
www.publicnow.com - January 4 at 6:01 PM
capitalcube.com logo8×8, Inc. breached its 50 day moving average in a Bullish Manner : EGHT-US : December 30, 2016 (NASDAQ:EGHT)
www.capitalcube.com - December 30 at 5:20 PM
4-traders.com logo8x8 : to Present at 19th Annual Needham Growth Conference (NASDAQ:EGHT)
www.4-traders.com - December 29 at 3:48 PM
investornewswire.com logo8x8 Inc (NASDAQ:EGHT) EPS Target At $0.02 - Investor Newswire - Investor Newswire (NASDAQ:EGHT)
www.investornewswire.com - December 24 at 4:47 PM
investornewswire.com logoSentiments And Ratings Alert: 8x8 Inc (NASDAQ:EGHT) - Investor Newswire (NASDAQ:EGHT)
www.investornewswire.com - December 24 at 3:13 AM
News IconFirst Week of EGHT August 2017 Options Trading (NASDAQ:EGHT)
www.stockoptionschannel.com - December 22 at 5:06 PM
benzinga.com logo8x8 Shares Fall As Board's Buyer Search Fails - Benzinga (NASDAQ:EGHT)
www.benzinga.com - December 21 at 10:43 PM
feeds.benzinga.com logo8x8 Shares Fall As Board's Buyer Search Fails (NASDAQ:EGHT)
feeds.benzinga.com - December 21 at 4:58 PM
seekingalpha.com logo8x8 reportedly initiated search for suitors with none advancing (NASDAQ:EGHT)
seekingalpha.com - December 21 at 11:31 AM

Social

What is 8x8's stock symbol?

8x8 trades on the NASDAQ under the ticker symbol "EGHT."

Where is 8x8's stock going? Where will 8x8's stock price be in 2017?

10 brokers have issued 1-year price targets for 8x8's shares. Their forecasts range from $14.00 to $18.00. On average, they expect 8x8's share price to reach $16.86 in the next year.

When will 8x8 announce their earnings?

8x8 is scheduled to release their next quarterly earnings announcement on Wednesday, May, 17th 2017.

What are analysts saying about 8x8 stock?

Here are some recent quotes from research analysts about 8x8 stock:

  • According to Zacks Investment Research, "8X8, Inc. (formerly Netergy Networks Inc.), and its two subsidiaries, Netergy Microelectronics and Centile, Inc., are providers of IP-based services, service creation environment and delivery tools, and embedded network appliance technology to help communication service providers and telecommunication equipment manufacturers succeed in the New Telecom Landscape, where voice, data and video converge into an ubiquitous IP network. " (1/31/2017)

  • Needham & Company LLC analysts commented, "We continue to like EGHT's position as a pure-play, onestop UCaaS/CCaaS/Analytics player, shifting toward the higher-ARPU, lower-churn mid-market/enterprise and building out a global footrprint. In its F3Q17, EGHT delivered strong Service revenue growth and bottom line upside reflecting strong underlying business momentum and success in its mid-market push. We think the broadening of the company's portfolio with class leading, cloud-based products, and the buildout of a global service delivery and support platform provides the company with a compelling growth opportunity, enhanced by the recent challenges of erstwhile industry leader Avaya. We maintain our Buy rating while bumping up our PT to $18 (was $17), or 4.6x EV/C2018 as we initiate our F19 estimates and shift out our base year" (1/26/2017)
  • William Blair analysts commented, "Expecting Strong Quarter With Additional "Whale" Enterprise Deals; Reiterate Outperform Summary: Our industry surveys point to another strong performance for the company in the March quarter with high likelihood of at least one of the large enterprise "whale" deals (potentially representing several thousands of seats and well over $100,000 of monthly recurring revenue) to be revealed by the company on its earnings call (expected in late May due to year-end closing). The company landed no such deals during the December quarter after disclosing three "whale" deals in the second quarter and noting of 10 such deals in the pipeline at the start of the fiscal year. Moreover, our meeting with management during Enterprise Connect in early March left a very positive impression on the story—despite the longer-term threat from Microsoft (MSFT $55.43) and Cisco (CSCO $28.14; Outperform) as set forth in our note published on March 21, "UCaaS: The State of the Industry (2016 Edition)—The Battle for Third Place," which corroborates our most recent field findings. 8×8 continues to win in the marketplace as it has the deepest integration of any UCaaS suite on the market (voice, video, contact center, and analytics— all in one application) and is farthest along in midmarket/enterprise with 50% of service revenue coming from that segment." (4/6/2016)

Who owns 8x8 stock?

8x8's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include State Street Corp (2.16%), Renaissance Technologies LLC (1.87%), Alyeska Investment Group L.P. (0.87%), Russell Investments Group Ltd. (0.70%), Castleark Management LLC (0.64%) and Herald Investment Management Ltd (0.30%). Company insiders that own 8x8 stock include Bryan R Martin and Eric Salzman.

Who sold 8x8 stock? Who is selling 8x8 stock?

8x8's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Allianz Asset Management AG, Renaissance Technologies LLC, Two Sigma Investments LP, Guggenheim Capital LLC, Herald Investment Management Ltd, Castleark Management LLC and AQR Capital Management LLC. Company insiders that have sold 8x8 stock in the last year include Bryan R Martin and Eric Salzman.

Who bought 8x8 stock? Who is buying 8x8 stock?

8x8's stock was acquired by a variety of institutional investors in the last quarter, including Alyeska Investment Group L.P., Russell Investments Group Ltd., State Street Corp, A.R.T. Advisors LLC, Axiom International Investors LLC DE, Oxford Asset Management, GSA Capital Partners LLP and Royce & Associates LP.

How do I buy 8x8 stock?

Shares of 8x8 can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of 8x8 stock cost?

One share of 8x8 stock can currently be purchased for approximately $15.00.

8x8 (NASDAQ:EGHT) Chart for Sunday, February, 19, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for 8x8 (NASDAQ:EGHT)

Earnings History Chart

Earnings by Quarter for 8x8 (NASDAQ:EGHT)

Dividend History Chart

Dividend Payments by Quarter for 8x8 (NASDAQ:EGHT)

Last Updated on 2/19/2017 by MarketBeat.com Staff