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NASDAQ:EGHT

8X8 (EGHT) Stock Price, News & Analysis

$2.70
-0.12 (-4.26%)
(As of 03:46 PM ET)
Today's Range
$2.62
$2.84
50-Day Range
$2.44
$3.90
52-Week Range
$2.15
$5.68
Volume
1.14 million shs
Average Volume
1.68 million shs
Market Capitalization
$333.24 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$3.72

8X8 MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
39.9% Upside
$3.72 Price Target
Short Interest
Bearish
13.72% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.86mentions of 8X8 in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$263,464 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.

2.02 out of 5 stars

Computer And Technology Sector

416th out of 596 stocks

Data Processing & Preparation Industry

34th out of 55 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

Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
8x8, Inc. Issues New Employee Inducement Grants
Balancing Act: Positive Profitability Amidst Revenue Challenges for 8X8
8×8, Inc. (NYSE:EGHT) Q3 2024 Earnings Call Transcript
8x8: Fiscal Q3 Earnings Snapshot
8x8 (EGHT) Q3 Earnings Surpass Estimates
8x8: Q3 Earnings Insights
8X8 Q3 2024 Earnings Preview
Preview: 8x8's Earnings
Preview: 8x8's Earnings
Earnings To Watch: 8x8 (EGHT) Reports Q3 Results Tomorrow
See More Headlines
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Company Calendar

Last Earnings
8/08/2023
Today
3/04/2024
Fiscal Year End
3/31/2024
Next Earnings (Estimated)
5/09/2024

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 Target
$3.72
High Stock Price Target
$5.00
Low Stock Price Target
$2.50
Potential Upside/Downside
+32.9%
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
$0.37 per share
Book Value
$0.88 per share

Miscellaneous

Free Float
122,088,000
Market Cap
$345.58 million
Optionable
Optionable
Beta
1.47
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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 equities 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 equities 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 research analysts have issued twelve-month target prices for 8X8's stock. Their EGHT share price targets range from $2.50 to $5.00. On average, they expect the company's share price to reach $3.72 in the next twelve months. This suggests a possible upside of 39.9% 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 stock has decreased by 29.6% and is now trading at $2.66.
View the best growth stocks for 2024 here
.

When is 8X8's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our EGHT earnings forecast
.

How were 8X8's earnings last quarter?

8x8, Inc. (NASDAQ:EGHT) released its quarterly 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 firm earned $183.30 million during the quarter, compared to analysts' expectations 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 firm's revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.14) earnings per share.

What ETFs hold 8X8's stock?
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 earnings per share (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.

Who are 8X8's major shareholders?

8X8's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.82%), Kent Lake Capital LLC (2.23%), Invenomic Capital Management LP (1.68%), S Squared Technology LLC (1.25%), Voya Investment Management LLC (1.01%) and Dimensional Fund Advisors LP (0.86%). Insiders that own company stock include Bryan R Martin, David Sipes, Dejan Deklich, Elizabeth Harriet Theophille, Eric Salzman, Germaine Cota, Hunter Middleton, Kevin Kraus, Laurence Denny, Matthew Zinn, Nathan Blecharczyk, Samuel C Wilson, Steve Seger and Suzy M Seandel.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:EGHT) was last updated on 3/4/2024 by MarketBeat.com Staff