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

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$22.35 +0.05 (+0.22 %)
(As of 08/21/2018 03:43 PM ET)
Previous Close$22.35
Today's Range$22.25 - $22.65
52-Week Range$12.00 - $23.10
Volume18,538 shs
Average Volume906,236 shs
Market Capitalization$1.78 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.67
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.

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Industry, Sector and Symbol

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

Debt

Debt-to-Equity RatioN/A
Current Ratio3.94
Quick Ratio3.94

Price-To-Earnings

Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual Sales$253.39 million
Price / Sales8.23
Cash Flow$0.1848 per share
Price / Cash120.92
Book Value$3.17 per share
Price / Book7.05

Profitability

EPS (Most Recent Fiscal Year)N/A
Net Income$-4,750,000.00
Net Margins-2.56%
Return on Equity0.03%
Return on Assets0.03%

Miscellaneous

Employees1,019
Outstanding Shares93,320,000
Market Cap$1.78 billion

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 plan on Sunday, June 4th 2017, which permits the company to buyback $25,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 28% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued.

How were 8X8's earnings last quarter?

8x8, Inc. (NASDAQ:EGHT) released its earnings results on Thursday, July, 26th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.05) by $0.01. The technology company had revenue of $83.20 million for the quarter, compared to analyst estimates of $81.02 million. 8X8 had a negative net margin of 2.56% and a positive return on equity of 0.03%. The company's quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.02 EPS. View 8X8's Earnings History.

When is 8X8's next earnings date?

8X8 is scheduled to release their next quarterly earnings announcement on Thursday, October, 25th 2018. View Earnings Estimates for 8X8.

What price target have analysts set for EGHT?

10 Wall Street analysts have issued 12 month price targets for 8X8's shares. Their forecasts range from $21.00 to $25.00. On average, they expect 8X8's share price to reach $23.5714 in the next year. This suggests a possible upside of 5.7% from the stock's current price. View Analyst Price Targets for 8X8.

What is the consensus analysts' recommendation for 8X8?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for 8X8 in the last year. There are currently 4 hold ratings and 6 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. " (8/1/2018)
  • 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)

Are investors shorting 8X8?

8X8 saw a decline in short interest during the month of July. As of July 31st, there was short interest totalling 2,367,945 shares, a decline of 36.0% from the July 13th total of 3,701,780 shares. Based on an average daily trading volume, of 1,256,730 shares, the short-interest ratio is presently 1.9 days. Approximately 2.6% of the company's stock are sold short. View 8X8's Current Options Chain.

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)

Has 8X8 been receiving favorable news coverage?

News stories about EGHT stock have trended somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. 8X8 earned a daily sentiment score of 0.14 on Accern's scale. They also gave news coverage about the technology company an impact score of 47.31 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future. View Recent Headlines for 8X8.

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. (13.92%), First Trust Advisors LP (5.07%), Point72 Asset Management L.P. (3.35%), Stephens Investment Management Group LLC (2.01%), Kornitzer Capital Management Inc. KS (1.81%) and Hunt Lane Capital LP (1.71%). Company insiders that own 8X8 stock include Bryan R Martin, Darren J Hakeman, Dejan Deklich, Eric Salzman, 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 Hunt Lane Capital LP, AGF Investments Inc., Renaissance Technologies LLC, Fort Washington Investment Advisors Inc. OH, Massachusetts Financial Services Co. MA, Intrinsic Edge Capital Management LLC, Bank of New York Mellon Corp and Waddell & Reed Financial Inc.. Company insiders that have sold 8X8 company stock in the last year include Bryan R Martin, Darren J Hakeman and Dejan Deklich. View Insider Buying and Selling for 8X8.

Which institutional investors are buying 8X8 stock?

EGHT stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Point72 Asset Management L.P., First Trust Advisors LP, Putnam Investments LLC, Wells Fargo & Company MN, FMR LLC, Epoch Investment Partners Inc. and Ardsley Advisory Partners. 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 $22.30.

How big of a company is 8X8?

8X8 has a market capitalization of $1.78 billion and generates $253.39 million in revenue each year. 8X8 employs 1,019 workers across the globe.

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:  313 (Vote Outperform)
Underperform Votes:  296 (Vote Underperform)
Total Votes:  609
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 8/21/2018 by MarketBeat.com Staff

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