About 8X8 (NASDAQ:EGHT)
8x8, 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
Industry Integrated Telecommunications Services
Trailing P/E Ratio-23.8461538461538
Forward P/E Ratio-155.00
Sales & Book Value
Annual Sales$253.39 million
Price / Sales6.76
Cash Flow$0.15 per share
Price / Cash120.92
Book Value$3.17 per share
Price / Book5.87
Return on Equity0.03%
Return on Assets0.03%
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 declared that its board has authorized a share repurchase plan on Sunday, June 4th 2017, which permits the company to buyback $25,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy up to 28% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its shares are undervalued.
How were 8X8's earnings last quarter?
8x8, Inc. (NASDAQ:EGHT) posted its earnings results on Thursday, January, 25th. The technology company reported $0.02 EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.04) by $0.06. The technology company earned $75.58 million during the quarter, compared to analysts' expectations of $73.90 million. 8X8 had a negative net margin of 2.56% and a positive return on equity of 0.03%. 8X8's revenue was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.06 earnings per share. View 8X8's Earnings History.
When will 8X8 make its next earnings announcement?
Where is 8X8's stock going? Where will 8X8's stock price be in 2018?
11 brokers have issued 12 month price objectives for 8X8's stock. Their predictions range from $15.00 to $24.00. On average, they expect 8X8's share price to reach $18.89 in the next twelve months. 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. " (1/29/2018)
- 2. William Blair analysts commented, "We remain cautious on 8×8 shares despite investor exuberance related to valuation discrepancy (relative to a public peer) and recently aroused M&A speculation. In our view , the stock appears ahead of itself heading into the print, in light of ongoing sales- and-marketing restructuring, which is likely to take several quarters to execute upon. In the meantime, we expect pressure on operating margin (due to aggressive hiring) and sales bookings (due to salesforce rotation and involuntary churn). While we believe 8×8 is making the right changes to emerge from this transformation as a better-executing and more-focused growth company , we would need to see evidence of the turnaround first manifesting itself in the improved bookings growth rates (in either SMB or midmarket/enterprise segment) and sales productivity metrics." (1/23/2018)
Who are some of 8X8's key competitors?
Some companies that are related to 8X8 include Cogent Communications (CCOI), Neustar (NSR), Talktalk Telecom Group (TALK), ATN International (ATNI), Frontier Communications (FTR), Cincinnati Bell (CBB), KCOM Group (KCOM), Bandwidth (BAND), FairPoint Communications (FRP), IDT (IDT), Manx Telecom (MANX), OI (OIBR), Maintel (MAI), Satellite Solutions Worldwide Group (SAT), Black Box (BBOX), Cable and Wireless Communications (CWC), Colt Group (COLT) and Inteliquent (IQNT).
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)
Who owns 8X8 stock?
8X8's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (12.21%), Hunt Lane Capital LP (4.19%), First Trust Advisors LP (4.06%), Southpoint Capital Advisors LP (2.17%), Stephens Investment Management Group LLC (2.14%) and Kornitzer Capital Management Inc. KS (1.59%). Company insiders that own 8X8 stock include Bryan R Martin, Darren J Hakeman, Eric Salzman, Mary Ellen P Genovese and Vikram Verma. View Institutional Ownership Trends for 8X8.
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 Emerald Advisers Inc. PA, Water Island Capital LLC, Renaissance Technologies LLC, Stephens Investment Management Group LLC, Goldman Sachs Group Inc., TIAA CREF Investment Management LLC, Geode Capital Management LLC and Wells Fargo & Company MN. Company insiders that have sold 8X8 company stock in the last year include Bryan R Martin and Darren J Hakeman. View Insider Buying and Selling for 8X8.
Who bought 8X8 stock? Who is buying 8X8 stock?
8X8's stock was purchased by a variety of institutional investors in the last quarter, including Millennium Management LLC, Kornitzer Capital Management Inc. KS, Southpoint Capital Advisors LP, Hunt Lane Capital LP, First Trust Advisors LP, Shell Asset Management Co., BlackRock Inc. and Two Sigma Investments LP. 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 8X8 stock?
Shares of 8X8 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 8X8 stock can currently be purchased for approximately $18.60.
How big of a company is 8X8?
8X8 has a market capitalization of $1.71 billion and generates $253.39 million in revenue each year. The technology company earns $-4,750,000.00 in net income (profit) each year or ($0.78) on an earnings per share basis. 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 (EGHT)MarketBeat's community ratings are surveys of what our community members think about 8X8 and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
8X8 (NASDAQ:EGHT) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Buy||Buy||Buy||Buy|
|Consensus Rating Score: ||2.64||2.64||2.55||2.60|
|Ratings Breakdown: ||0 Sell Rating(s)|
4 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
4 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
5 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
4 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$18.89||$17.67||$17.44||$17.44|
|Price Target Upside: ||6.42% upside||7.72% upside||24.16% upside||37.36% upside|
8X8 (NASDAQ:EGHT) Consensus Price Target History
8X8 (NASDAQ:EGHT) Analyst Ratings History
(Data available from 2/23/2016 forward)
8X8 (NASDAQ:EGHT) Earnings History and Estimates Chart
8X8 (NASDAQ EGHT) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|5/24/2018|| || || || || || || || |
|1/25/2018||Q3 2018||($0.04)||$0.02||$73.90 million||$75.58 million||View||Listen|
|10/26/2017||Q2 2018||$0.02||$0.03||$71.65 million||$72.48 million||View||N/A|
|7/27/2017||Q1 2018||$0.03||$0.02||$68.65 million||$69.10 million||View||N/A|
|5/25/2017||Q4 2017||$0.03||$0.05||$65.54 million||$66.49 million||View||N/A|
|1/25/2017||Q317||$0.04||$0.06||$63.51 million||$63.68 million||View||N/A|
|10/26/2016||Q217||$0.03||$0.06||$14.39 million||$63.20 million||View||Listen|
|7/21/2016||Q117||$0.03||$0.06||$57.97 million||$60.00 million||View||Listen|
|5/19/2016||Q416||$0.02||$0.03||$54.41 million||$57.33 million||View||Listen|
|1/21/2016||Q316||$0.03||$0.05||$52.00 million||$53.20 million||View||Listen|
|10/22/2015||Q216||$0.03||$0.03||$49.87 million||$50.94 million||View||Listen|
|7/22/2015||Q116||$0.03||$0.05||$46.31 million||$46.70 million||View||Listen|
|5/20/2015||Q415||$0.04||$0.05||$43.13 million||$43.50 million||View||Listen|
|1/22/2015||Q315||$0.02||$0.01||$41.41 million||$41.40 million||View||N/A|
|10/22/2014||Q215||$0.03||$0.05||$39.50 million||$39.60 million||View||Listen|
|7/23/2014||Q115||$0.03||$0.03||$37.46 million||$37.90 million||View||Listen|
|5/21/2014||Q414||$0.03||$0.04||$35.80 million||$35.80 million||View||Listen|
|1/22/2014||Q314||$0.04||$0.03||$32.41 million||$32.70 million||View||N/A|
|10/23/2013||Q214||$0.06||$0.05||$31.10 million||$30.82 million||View||N/A|
|7/24/2013||Q1 2014||$0.06||$0.06||$29.57 million||$30.00 million||View||N/A|
|5/22/2013||Q4 2014||$0.06||$0.05||$28.28 million||$28.70 million||View||N/A|
|1/24/2013||Q3 2013||$0.05||$0.05||$27.30 million||$27.34 million||View||N/A|
8X8 (NASDAQ:EGHT) Earnings Estimates
2018 EPS Consensus Estimate: $0.01
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for 8X8 (NASDAQ:EGHT)
No dividend announcements for this company have been tracked by MarketBeat.com
8X8 (NASDAQ EGHT) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 4.40%
Institutional Ownership Percentage: 71.56%
8X8 (NASDAQ EGHT) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|2/16/2018||Darren J Hakeman||SVP||Sell||8,000||$18.47||$147,760.00||62,886|| |
|1/31/2018||Bryan R Martin||Insider||Sell||100,000||$17.86||$1,786,000.00||1,001,010|| |
|8/1/2017||Mary Ellen P Genovese||CFO||Buy||11,625||$12.78||$148,567.50||92,106|| |
|8/1/2017||Vikram Verma||CEO||Buy||11,700||$12.80||$149,760.00|| |
|2/10/2017||Bryan R Martin||Insider||Sell||100,000||$15.61||$1,561,000.00||972,819|| |
|2/9/2017||Eric Salzman||Director||Sell||25,000||$15.41||$385,250.00||73,096|| |
|5/24/2016||Bryan R Martin||CTO||Sell||43,142||$12.45||$537,117.90||1,087,033|| |
|2/12/2016||Bryan R. Martin||CTO||Sell||56,758||$10.81||$613,553.98||1,093,735|| |
|2/5/2016||Bryan R. Martin||CTO||Sell||100||$12.27||$1,227.00||1,150,493|| |
|10/30/2014||Bryan R Martin||CTO||Sell||50,000||$7.81||$390,500.00|| |
|5/27/2014||Vikram Verma||CEO||Buy||38,000||$7.42||$281,960.00|| |
|11/22/2013||Vikram Verma||CEO||Buy||25,000||$9.49||$237,250.00||33,312|| |
|11/20/2013||Ian Potter||Director||Buy||30,000||$9.25||$277,500.00||30,000|| |
|6/28/2013||Mansour Salame||Director||Sell||15,093||$8.23||$124,215.39|| |
|6/26/2013||Mansour Salame||Director||Sell||40,000||$8.15||$326,000.00|| |
|6/24/2013||Mansour Salame||Director||Sell||50,000||$8.14||$407,000.00|| |
|6/20/2013||Mansour Salame||Director||Sell||55,000||$8.21||$451,550.00|| |
|6/18/2013||Mansour Salame||Director||Sell||60,000||$8.11||$486,600.00|| |
|6/14/2013||Mansour Salame||Director||Sell||19,000||$7.86||$149,340.00|| |
|6/10/2013||Mansour Salame||Director||Sell||42,700||$8.12||$346,724.00|| |
|5/30/2013||Bryan R Martin||CEO||Sell||6,200||$7.81||$48,422.00|| |
|5/30/2013||Mansour Salame||Director||Sell||48,000||$7.99||$383,520.00|| |
|5/28/2013||Mansour Salame||Director||Sell||36,000||$7.83||$281,880.00|| |
8X8 (NASDAQ EGHT) News Headlines
|8x8 Expands Channel Ecosystem Across the Globe With New Partnerships|
finance.yahoo.com - February 22 at 8:53 AM
|8x8, Inc. (EGHT) SVP Darren J. Hakeman Sells 8,000 Shares|
www.americanbankingnews.com - February 21 at 9:24 PM
|BidaskClub Upgrades 8X8 (EGHT) to Strong-Buy|
www.americanbankingnews.com - February 17 at 2:44 PM
|$76.86 Million in Sales Expected for 8x8, Inc. (EGHT) This Quarter|
www.americanbankingnews.com - February 17 at 6:06 AM
|CNP Technologies Partners with 8x8 to Expand Cloud Communications and Contact Center Offerings|
www.bizjournals.com - February 14 at 5:05 PM
|8x8, Inc. (EGHT) Receives Average Recommendation of "Buy" from Analysts|
www.americanbankingnews.com - February 13 at 11:46 AM
|8x8, Inc. to Present at the Morgan Stanley Technology, Media & Telecom Conference|
finance.yahoo.com - February 13 at 9:36 AM
|One of the World’s Largest Cigar Companies, Swisher International, Selects 8x8 to Enhance Global Communications, Collaboration and Customer Engagement|
finance.yahoo.com - February 12 at 9:28 AM
|Industry Experts Join 8x8 to Accelerate AI and Machine Learning Capabilities|
finance.yahoo.com - February 6 at 9:26 AM
|Insider Selling: 8x8, Inc. (EGHT) Insider Sells 100,000 Shares of Stock|
www.americanbankingnews.com - February 2 at 9:10 PM
|8x8, Inc. (EGHT) Expected to Announce Quarterly Sales of $76.30 Million|
www.americanbankingnews.com - January 31 at 4:12 AM
|8X8 (EGHT) Cut to "D" at TheStreet|
www.americanbankingnews.com - January 30 at 7:32 AM
|8X8 (EGHT) Lifted to Hold at Zacks Investment Research|
www.americanbankingnews.com - January 29 at 11:46 PM
|$0.01 Earnings Per Share Expected for 8x8, Inc. (EGHT) This Quarter|
www.americanbankingnews.com - January 29 at 1:14 PM
|Free Research Report as Crown Castle’s Revenue Jumped 20%; AFFO Advanced 26%|
finance.yahoo.com - January 29 at 9:41 AM
|Reviewing FairPoint Communications (FRP) and 8X8 (EGHT)|
www.americanbankingnews.com - January 27 at 1:06 PM
|8X8 (EGHT) Given Buy Rating at Robert W. Baird|
www.americanbankingnews.com - January 27 at 11:44 AM
|Pre-Open Stock Movers 01/26: (EGHT) (ABBV) (INTC) Higher; (SBUX) (BBBY) (ETFC) Lower (more...)|
www.streetinsider.com - January 27 at 9:52 AM
|B. Riley Raises 8X8 (EGHT) Price Target to $16.00|
www.americanbankingnews.com - January 26 at 11:18 PM
|8X8 (EGHT) Price Target Increased to $19.00 by Analysts at Needham & Company LLC|
www.americanbankingnews.com - January 26 at 10:46 PM
|8X8's (EGHT) "Buy" Rating Reiterated at Bank of America|
www.americanbankingnews.com - January 26 at 6:28 PM
|How 8x8, Inc. Shares Rose 15% Today|
www.fool.com - January 26 at 3:02 PM
|Mid-Day Market Update: 8x8 Rises Following Strong Q3 Results; Senseonics Shares Drop|
feeds.benzinga.com - January 26 at 1:30 PM
|BCE (BCE) versus 8X8 (EGHT) Financial Survey|
www.americanbankingnews.com - January 26 at 11:53 AM
|8X8 (EGHT) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS|
www.americanbankingnews.com - January 25 at 7:26 PM
|Comms firm 8x8 +7.1% after Q3 beats|
seekingalpha.com - January 25 at 7:25 PM
|8x8's Earnings Outlook|
feeds.benzinga.com - January 25 at 11:45 AM
|8x8 Signs Lease for New Corporate Headquarters in San Jose, California|
finance.yahoo.com - January 24 at 10:01 AM
|8X8's (EGHT) "Hold" Rating Reaffirmed at William Blair|
www.americanbankingnews.com - January 23 at 8:44 PM
|B. Riley Reiterates Hold Rating for 8X8 (EGHT)|
www.americanbankingnews.com - January 23 at 1:46 PM
|Synergy Research Ranks 8x8 as the Global UCaaS Market Leader in Subscriber Seats for Midmarket and Enterprise ... - Business Wire (press release)|
www.businesswire.com - January 23 at 6:52 AM
|Synergy Research Ranks 8x8 as the Global UCaaS Market Leader in Subscriber Seats for Midmarket and Enterprise Companies|
finance.yahoo.com - January 22 at 2:50 PM
|8x8, Inc. (EGHT) Given Consensus Rating of "Buy" by Brokerages|
www.americanbankingnews.com - January 19 at 11:04 AM
|8X8 (EGHT) Set to Announce Earnings on Tuesday|
www.americanbankingnews.com - January 16 at 3:18 AM
|8x8, Inc. to Announce Third Quarter Fiscal 2018 Results on January 25, 2018|
finance.yahoo.com - January 15 at 5:07 PM
|$73.41 Million in Sales Expected for 8x8, Inc. (EGHT) This Quarter|
www.americanbankingnews.com - January 14 at 6:58 AM
|Annual Needham Growth Conference - Business Wire (press release)|
www.businesswire.com - January 5 at 4:53 PM
|8x8, Inc. to Present at the 20th Annual Needham Growth Conference|
finance.yahoo.com - January 3 at 5:09 PM
|Want To Invest In 8×8 Inc (NYSE:EGHT)? Here’s How It Performed Lately|
finance.yahoo.com - January 3 at 5:09 PM
|Communication Services Stocks' Research Reports Released on Crown Castle, Vonage, WPCS, and 8x8|
www.prnewswire.com - December 26 at 7:37 AM
|8x8, Inc. (EGHT) Given Average Rating of "Buy" by Analysts|
www.americanbankingnews.com - December 25 at 11:06 AM
|ETFs with exposure to 8×8, Inc. : December 18, 2017|
finance.yahoo.com - December 18 at 5:06 PM
|8x8 Grants New Employee Inducement Awards Pursuant to NYSE Rule 303A.08|
finance.yahoo.com - December 18 at 10:04 AM
|Zacks: Analysts Expect 8x8, Inc. (EGHT) Will Announce Quarterly Sales of $73.41 Million|
www.americanbankingnews.com - December 11 at 9:50 AM
|8x8 Inc (EGHT) Given Consensus Recommendation of "Buy" by Analysts|
www.americanbankingnews.com - November 30 at 2:18 PM
|$0.01 EPS Expected for 8x8 Inc (EGHT) This Quarter|
www.americanbankingnews.com - November 21 at 1:26 PM
|ETFs with exposure to 8×8, Inc. : November 20, 2017|
finance.yahoo.com - November 20 at 7:01 PM
|8x8 Inc (EGHT) Stock Rating Reaffirmed by William Blair|
www.americanbankingnews.com - November 17 at 11:26 PM
|BRIEF-8X8 Inc announces transfer listing to the NYSE|
www.reuters.com - November 17 at 12:39 PM
|8x8 Inc (EGHT) Rating Reiterated by Robert W. Baird|
www.americanbankingnews.com - November 17 at 11:42 AM
8X8 (NASDAQ:EGHT) SEC Filings
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8X8 (NASDAQ:EGHT) Income Statement, Balance Sheet and Cash Flow Statement
8X8 (NASDAQ EGHT) Stock Chart for Friday, February, 23, 2018