Lowest-Rated StocksLowest-RatedNASDAQ:EGHT 8X8 (EGHT) Stock Forecast, Price & News $2.52 +0.04 (+1.61%) (As of 09/29/2023 ET) Add Compare Share Share Today's Range$2.51▼$2.5950-Day Range$2.44▼$4.8152-Week Range$2.37▼$6.49Volume1.58 million shsAverage Volume3.93 million shsMarket Capitalization$302.27 millionP/E RatioN/ADividend YieldN/APrice Target$5.13 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 8X8 MarketRank™ ForecastAnalyst RatingHold2.11 Rating ScoreUpside/Downside103.5% Upside$5.13 Price TargetShort InterestBearish15.27% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.05Based on 5 Articles This WeekInsider TradingSelling Shares$354,937 Sold Last QuarterProj. Earnings GrowthGrowingFrom ($0.22) to ($0.14) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.80 out of 5 starsComputer And Technology Sector496th out of 608 stocksData Processing & Preparation Industry48th out of 60 stocks 3.1 Analyst's Opinion Consensus Rating8X8 has received a consensus rating of Hold. The company's average rating score is 2.11, and is based on 2 buy ratings, 6 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $5.13, 8X8 has a forecasted upside of 103.5% from its current price of $2.52.Amount of Analyst Coverage8X8 has only been the subject of 4 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted15.27% of the outstanding shares of 8X8 have been sold short.Short Interest Ratio / Days to Cover8X8 has a short interest ratio ("days to cover") of 8.Change versus previous monthShort interest in 8X8 has recently increased by 6.39%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend Yield8X8 does not currently pay a dividend.Dividend Growth8X8 does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for EGHT. Previous Next 2.3 News and Social Media Coverage News Sentiment8X8 has a news sentiment score of 0.05. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.63 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 5 news articles for 8X8 this week, compared to 3 articles on an average week.Search InterestOnly 1 people have searched for EGHT on MarketBeat in the last 30 days. This is a decrease of -83% compared to the previous 30 days.MarketBeat Follows3 people have added 8X8 to their MarketBeat watchlist in the last 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, 8X8 insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $354,937.00 in company stock.Percentage Held by InsidersOnly 1.08% of the stock of 8X8 is held by insiders.Percentage Held by Institutions99.89% of the stock of 8X8 is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for 8X8 are expected to grow in the coming year, from ($0.22) to ($0.14) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of 8X8 is -4.67, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of 8X8 is -4.67, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share Ratio8X8 has a P/B Ratio of 2.86. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About 8X8 (NASDAQ:EGHT) Stock8x8, 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.Read More EGHT Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart EGHT Stock News HeadlinesSeptember 28, 2023 | businesswire.comLatest 8x8 Research Reveals IT and Contact Center Leaders Embrace Conversational AI or Fear Falling BehindSeptember 26, 2023 | americanbankingnews.com8x8, Inc. (NASDAQ:EGHT) Given Consensus Rating of "Hold" by BrokeragesOctober 1, 2023 | Chaikin Analytics (Ad)This is the #1 Stock to Buy for the AI Tidal WaveMarc 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.September 25, 2023 | americanbankingnews.comDATATRAK International (OTCMKTS:DTRK) and 8X8 (NASDAQ:EGHT) Financial ComparisonSeptember 21, 2023 | americanbankingnews.com8X8 (NASDAQ:EGHT) Receives "Buy" Rating from Rosenblatt SecuritiesSeptember 18, 2023 | finance.yahoo.com8x8 Appoints Contact Center and Growth Marketing Leader Bruno Bertini as Chief Marketing OfficerSeptember 14, 2023 | fool.com8x8 (NASDAQ: EGHT)September 14, 2023 | finance.yahoo.comLake Ridge Bank Modernizes Customer Engagement with the 8x8 XCaaS Integrated Cloud Contact Center and Unified Communications PlatformOctober 1, 2023 | Chaikin Analytics (Ad)This is the #1 Stock to Buy for the AI Tidal WaveMarc 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.September 5, 2023 | finance.yahoo.com8x8 Launches New SMS Fraud Prevention Communication APISeptember 1, 2023 | stocknews.com3 Internet Stocks With Strong Growth Potential for SeptemberAugust 30, 2023 | finance.yahoo.com8x8 Expands AI Self-Service Capabilities with Voice Interactions for 8x8 Intelligent Customer AssistantAugust 28, 2023 | markets.businessinsider.comThe Latest Analyst Ratings for 8x8August 23, 2023 | finance.yahoo.com8x8, Inc. Announces Participation in Rosenblatt Technology SummitAugust 22, 2023 | finance.yahoo.com8x8 Named a Top Five Provider in Metrigy 2023 Contact Center as a Service (CCaaS) MetriRank ReportAugust 18, 2023 | finance.yahoo.comInsider Sell: CEO Samuel Wilson Sells 2,000 Shares of 8x8 IncAugust 17, 2023 | finance.yahoo.com8x8 Phone App for Microsoft Teams Delivers Cost-effective, Native Calling Experience for Teams UsersAugust 17, 2023 | markets.businessinsider.comWells Fargo Remains a Sell on 8X8 (EGHT)August 14, 2023 | msn.comMizuho Maintains 8X8 (EGHT) Neutral RecommendationAugust 14, 2023 | finance.yahoo.com8x8 Wins Stevie® Awards in 2023 International Business Awards® for Excellence in Professional ServicesAugust 10, 2023 | msn.comNeedham Maintains 8X8 (EGHT) Buy RecommendationAugust 10, 2023 | markets.businessinsider.comBank of America Securities Sticks to Its Buy Rating for 8X8 (EGHT)August 9, 2023 | msn.comRosenblatt Maintains 8X8 (EGHT) Buy RecommendationAugust 9, 2023 | finance.yahoo.com8x8 Wins 2023 TrustRadius Tech Cares AwardAugust 9, 2023 | theglobeandmail.com8x8 (NYSE:EGHT) Misses Q1 Revenue EstimatesAugust 9, 2023 | markets.businessinsider.comBarclays Reaffirms Their Hold Rating on 8X8 (EGHT)August 8, 2023 | finance.yahoo.com8x8 (EGHT) Q1 Earnings and Revenues Lag EstimatesSee More Headlines Receive EGHT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for 8X8 and its competitors with MarketBeat's FREE daily newsletter. Email Address EGHT Company Calendar Last Earnings8/08/2023Today10/01/2023Next Earnings (Estimated)10/26/2023Fiscal Year End3/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Data processing & preparation Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:EGHT CUSIPN/A CIK1023731 Webwww.8x8.com Phone(408) 727-1885Fax408-727-1885Employees1,921Year FoundedN/APrice Target and Rating Average Stock Price Forecast$5.13 High Stock Price Forecast$8.00 Low Stock Price Forecast$3.00 Forecasted Upside/Downside+103.5%Consensus RatingHold Rating Score (0-4)2.11 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)($0.54) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-73,140,000.00 Net Margins-8.44% Pretax Margin-7.92% Return on Equity-41.65% Return on Assets-4.70% Debt Debt-to-Equity Ratio3.88 Current Ratio1.16 Quick Ratio1.16 Sales & Book Value Annual Sales$743.94 million Price / Sales0.41 Cash Flow$0.38 per share Price / Cash Flow6.69 Book Value$0.88 per share Price / Book2.86Miscellaneous Outstanding Shares119,950,000Free Float118,651,000Market Cap$302.27 million OptionableOptionable Beta1.31 12 Stocks Corporate Insiders are AbandoningIf a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?Get This Free Report Key ExecutivesMr. Samuel C. WilsonCEO & DirectorMr. Kevin KrausChief Financial OfficerMs. Suzy SeandelSr. VP & Chief Accounting OfficerMr. Laurence DennyChief Legal Officer & Corp. Sec.Dr. Hunter Middleton Ph.D. (Age 56)Chief Product Officer & Chief Innovation Officer Comp: $589.84kMr. Bryan R. Martin (Age 55)Chief Technology Officer Colin CarmichaelChief Information OfficerMs. Kate PattersonVP of Investor RelationsMr. Rob PilgrimSr. VP, Chief of Staff & Interim Chief Marketing OfficerDr. Jeanette WintersChief HR OfficerMore ExecutivesKey CompetitorsLiveVoxNASDAQ:LVOXSohu.comNASDAQ:SOHUOomaNYSE:OOMAInnodataNASDAQ:INODTucowsNASDAQ:TCXView All CompetitorsInsiders & InstitutionsKevin KrausSold 5,715 sharesTotal: $14,344.65 ($2.51/share)Laurence DennySold 1,571 sharesTotal: $3,943.21 ($2.51/share)Samuel C WilsonSold 50,000 sharesTotal: $126,000.00 ($2.52/share)Virginia Retirement Systems ET ALBought 77,400 shares on 8/22/2023Ownership: 0.065%California State Teachers Retirement SystemBought 6,920 shares on 8/21/2023Ownership: 0.114%View All Insider TransactionsView All Institutional Transactions EGHT Stock - Frequently Asked Questions Should I buy or sell 8X8 stock right now? 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. View EGHT analyst ratings or view top-rated stocks. What is 8X8's stock price forecast for 2023? 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. View analysts price targets for EGHT or view top-rated stocks among Wall Street analysts. How have EGHT shares performed in 2023? 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. View the best growth stocks for 2023 here. Are investors shorting 8X8? 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. View 8X8's Short Interest. When is 8X8's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023. View our EGHT earnings forecast. How were 8X8's earnings last quarter? 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. What ETFs hold 8X8's stock? 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). What guidance has 8X8 issued on next quarter's earnings? 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. What is 8X8's stock symbol? 8X8 trades on the NASDAQ under the ticker symbol "EGHT." 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is 8X8's stock price today? One share of EGHT stock can currently be purchased for approximately $2.52. How much money does 8X8 make? 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. How many employees does 8X8 have? The company employs 1,921 workers across the globe. How can I contact 8X8? 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. This page (NASDAQ:EGHT) was last updated on 10/1/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding 8x8, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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