Free Trial
NASDAQ:EGHT

8X8 (EGHT) Stock Price, News & Analysis

$2.81
+0.01 (+0.36%)
(As of 05/22/2024 ET)
Today's Range
$2.76
$2.83
50-Day Range
$2.15
$2.81
52-Week Range
$2.12
$4.88
Volume
657,512 shs
Average Volume
1.13 million shs
Market Capitalization
$346.81 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$3.54

8X8 MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
26.0% Upside
$3.54 Price Target
Short Interest
Bearish
11.75% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.88mentions of 8X8 in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$81,979 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.07) to $0.04 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.

1.99 out of 5 stars

Computer And Technology Sector

412th out of 585 stocks

Data Processing & Preparation Industry

40th out of 58 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

8X8 (NASDAQ:EGHT) Receives "Buy" Rating from Needham & Company LLC
Unveiling 4 Analyst Insights On 8x8
Craig-Hallum Keeps Their Buy Rating on 8X8 (EGHT)
EGHT Stock Earnings: 8×8 Beats EPS, Beats Revenue for Q4 2024
8X8 earnings: here's what Wall Street expects
8x8 CFO sells shares worth $2,330
8x8 Receives Multiple Awards for Continued Innovation
See 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.

Company Calendar

Last Earnings
5/08/2024
Today
5/23/2024
Next Earnings (Estimated)
8/13/2024
Fiscal Year End
3/31/2025

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
$3.54
High Stock Price Target
$4.50
Low Stock Price Target
$2.50
Potential Upside/Downside
+26.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
$-67,590,000.00
Pretax Margin
-8.78%

Debt

Sales & Book Value

Annual Sales
$728.71 million
Cash Flow
$0.69 per share
Book Value
$0.83 per share

Miscellaneous

Free Float
122,088,000
Market Cap
$346.81 million
Optionable
Optionable
Beta
1.46
A Guide To High-Short-Interest Stocks Cover

MarketBeat's analysts have just released their top five short plays for June 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.

Get This Free Report

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 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 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 analysts have issued 12 month price objectives for 8X8's shares. Their EGHT share price targets range from $2.50 to $4.50. On average, they predict the company's stock price to reach $3.54 in the next year. This suggests a possible upside of 26.0% 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 beginning of 2024. Since then, EGHT stock has decreased by 25.7% and is now trading at $2.81.
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 Tuesday, August 13th 2024.
View our EGHT earnings forecast
.

How were 8X8's earnings last quarter?

8x8, Inc. (NASDAQ:EGHT) posted its earnings results on Wednesday, May, 8th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.01. The company earned $179.41 million during the quarter, compared to the consensus estimate of $178.85 million. 8X8 had a negative trailing twelve-month return on equity of 7.40% and a negative net margin of 9.28%. The business's quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.03) 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).Direxion Work From Home ETF (WFH).

What guidance has 8X8 issued on next quarter's earnings?

8X8 updated its first quarter 2024 earnings guidance on Wednesday, May, 8th. 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 $181.3 million.

Who are 8X8's major shareholders?

8X8's stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.28%), Invenomic Capital Management LP (2.15%), Acadian Asset Management LLC (1.59%), Kent Lake Capital LLC (1.08%), Jacobs Levy Equity Management Inc. (0.84%) and First Eagle Investment Management LLC (0.44%). 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 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 5/23/2024 by MarketBeat.com Staff

From Our Partners