8X8 (EGHT) Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for 8X8 in the last year. There are currently 1 sell rating, 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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.
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9 Wall Street research analysts have issued 1 year target prices for 8X8's stock. Their EGHT share price forecasts range from $3.00 to $8.00. On average, they expect the company's stock price to reach $5.13 in the next twelve months. This suggests a possible upside of 103.5% from the stock's current price.
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8X8's stock was trading at $4.32 at the beginning of the year. Since then, EGHT stock has decreased by 41.7% and is now trading at $2.52.
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8X8 saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 18,320,000 shares, an increase of 6.4% from the August 31st total of 17,220,000 shares. Based on an average trading volume of 2,280,000 shares, the days-to-cover ratio is presently 8.0 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
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8x8, Inc. (NASDAQ:EGHT) posted its earnings results on Tuesday, August, 8th. The company reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.14 by $0.01. The company had revenue of $183.30 million for the quarter, compared to the consensus estimate of $187.09 million. 8X8 had a negative trailing twelve-month return on equity of 41.65% and a negative net margin of 8.44%. The company's quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.14) EPS.

ETFs with the largest weight of 8X8 (NASDAQ:EGHT) stock in their portfolio include Global X Education ETF (EDUT), SPDR S&P Software & Services ETF (XSW) and iShares Virtual Work and Life Multisector ETF (IWFH).Syntax Stratified SmallCap ETF (SSLY).

8X8 updated its second quarter 2024 earnings guidance on Tuesday, August, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $180.00 million-$186.00 million, compared to the consensus revenue estimate of $189.88 million.

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

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.
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One share of EGHT stock can currently be purchased for approximately $2.52.

8X8 (NASDAQ:EGHT) has a market capitalization of $302.27 million and generates $743.94 million in revenue each year. The company earns $-73,140,000.00 in net income (profit) each year or ($0.54) on an earnings per share basis.

The company employs 1,921 workers across the globe.

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.