8X8 (EGHT) Stock Forecast, Price & News

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for 8X8 in the last twelve months. There are currently 1 sell rating, 9 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research 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.
View EGHT analyst ratings or view top-rated stocks.

15 analysts have issued 1 year target prices for 8X8's stock. Their EGHT share price forecasts range from $3.00 to $10.00. On average, they anticipate the company's stock price to reach $6.16 in the next twelve months. This suggests a possible upside of 46.6% from the stock's current price.
View analysts price targets for EGHT or view top-rated stocks among Wall Street analysts.

8X8's stock was trading at $4.32 on January 1st, 2023. Since then, EGHT shares have decreased by 2.8% and is now trading at $4.20.
View the best growth stocks for 2023 here.

8X8 saw a drop in short interest in May. As of May 15th, there was short interest totaling 16,040,000 shares, a drop of 9.7% from the April 30th total of 17,760,000 shares. Based on an average daily volume of 1,540,000 shares, the short-interest ratio is currently 10.4 days. Currently, 14.8% of the shares of the company are sold short.
View 8X8's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our EGHT earnings forecast.

8x8, Inc. (NASDAQ:EGHT) posted its earnings results on Tuesday, November, 2nd. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The company earned $151.56 million during the quarter, compared to the consensus estimate of $149.48 million. 8X8 had a negative trailing twelve-month return on equity of 51.00% and a negative net margin of 9.83%. During the same period in the prior year, the company posted ($0.28) earnings per share.

ETFs with the largest weight of 8X8 (NASDAQ:EGHT) stock in their portfolio include Invesco Nasdaq Future Gen 200 ETF (QQQS), SPDR S&P Software & Services ETF (XSW), Syntax Stratified SmallCap ETF (SSLY), Direxion Daily Cloud Computing Bull 2x (CLDL) and Carbon Collective Climate Solutions U.S. Equity ETF (CCSO).

8X8 issued an update on its FY 2024 earnings guidance on Friday, May, 12th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $755.00 million-$763.00 million, compared to the consensus revenue estimate of $744.92 million.

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

8X8's stock is owned by many different retail and institutional investors. Top institutional investors include Sylebra Capital Ltd (12.73%), ArrowMark Colorado Holdings LLC (10.63%), State Street Corp (4.28%), Geode Capital Management LLC (1.91%), Impax Asset Management Group plc (1.59%) and ExodusPoint Capital Management LP (1.09%). Insiders that own company stock include Bryan R Martin, David Sipes, Dejan Deklich, Elizabeth Harriet Theophille, Eric Salzman, Germaine Cota, Hunter Middleton, Laurence Denny, Matthew Zinn, Nathan Blecharczyk, Samuel C Wilson, Steve Seger and Vikram Verma.
View institutional ownership trends.

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.
Compare Top Brokerages Here.

One share of EGHT stock can currently be purchased for approximately $4.20.

8X8 (NASDAQ:EGHT) has a market capitalization of $488.71 million and generates $743.94 million in revenue each year. The company earns $-73,140,000.00 in net income (profit) each year or ($0.63) 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.