8x8 Company Profile (NASDAQ:EGHT)

About 8x8 (NASDAQ:EGHT)

8x8 logo8x8, 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:
  • Sector: Computer and Technology
  • Industry: Diversified Communication Services
  • Sub-Industry: Alternative Carriers
  • Symbol: NASDAQ:EGHT
  • CUSIP: 28291410
  • Web: www.8x8.com
Capitalization:
  • Market Cap: $1.23 billion
  • Outstanding Shares: 90,932,000
Average Prices:
  • 50 Day Moving Avg: $13.85
  • 200 Day Moving Avg: $14.62
  • 52 Week Range: $12.45 - $16.80
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 38.57
  • P/E Growth: 1.79
Sales & Book Value:
  • Annual Revenue: $244.23 million
  • Price / Sales: 5.03
  • Book Value: $3.10 per share
  • Price / Book: 4.35
Profitability:
  • EBIDTA: $4.64 million
  • Net Margins: -1.19%
  • Return on Equity: 1.85%
  • Return on Assets: 1.62%
Debt:
  • Current Ratio: 5.00%
  • Quick Ratio: 4.99%
Misc:
  • Average Volume: 709,964 shs.
  • Beta: 0.5
  • Short Ratio: 2.29
 

Frequently Asked Questions for 8x8 (NASDAQ:EGHT)

What is 8x8's stock symbol?

8x8 trades on the NASDAQ under the ticker symbol "EGHT."

How were 8x8's earnings last quarter?

8x8, Inc. (NASDAQ:EGHT) announced its quarterly earnings results on Thursday, May, 25th. The company reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.02. The business had revenue of $66.49 million for the quarter, compared to the consensus estimate of $65.54 million. 8x8 had a negative net margin of 1.19% and a positive return on equity of 1.85%. 8x8's revenue for the quarter was up 16.0% on a year-over-year basis. During the same period last year, the company posted $0.03 EPS. View 8x8's Earnings History.

When will 8x8 make its next earnings announcement?

8x8 is scheduled to release their next quarterly earnings announcement on Wednesday, July, 19th 2017. View Earnings Estimates for 8x8.

Where is 8x8's stock going? Where will 8x8's stock price be in 2017?

8 equities research analysts have issued 12-month target prices for 8x8's shares. Their predictions range from $14.00 to $18.00. On average, they anticipate 8x8's share price to reach $16.71 in the next twelve months. View Analyst Ratings for 8x8.

What are analysts saying about 8x8 stock?

Here are some recent quotes from research analysts about 8x8 stock:

  • 1. According to Zacks Investment Research, "8X8, Inc. (formerly Netergy Networks Inc.), and its two subsidiaries, Netergy Microelectronics and Centile, Inc., are providers of IP-based services, service creation environment and delivery tools, and embedded network appliance technology to help communication service providers and telecommunication equipment manufacturers succeed in the New Telecom Landscape, where voice, data and video converge into an ubiquitous IP network. " (5/26/2017)
  • 2. Needham & Company LLC analysts commented, "We continue to like EGHT's position as a pure-play, onestop UCaaS/CCaaS/Analytics player, shifting toward the higher-ARPU, lower-churn mid-market/enterprise and building out a global footrprint. In its F3Q17, EGHT delivered strong Service revenue growth and bottom line upside reflecting strong underlying business momentum and success in its mid-market push. We think the broadening of the company's portfolio with class leading, cloud-based products, and the buildout of a global service delivery and support platform provides the company with a compelling growth opportunity, enhanced by the recent challenges of erstwhile industry leader Avaya. We maintain our Buy rating while bumping up our PT to $18 (was $17), or 4.6x EV/C2018 as we initiate our F19 estimates and shift out our base year" (1/26/2017)

Are investors shorting 8x8?

8x8 saw a decline in short interest in the month of May. As of May 15th, there was short interest totalling 1,099,773 shares, a decline of 32.3% from the April 28th total of 1,624,439 shares. Based on an average daily volume of 976,202 shares, the short-interest ratio is presently 1.1 days. Currently, 1.2% of the company's stock are sold short.

Who are some of 8x8's key competitors?

Who owns 8x8 stock?

8x8's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (11.76%), Vanguard Group Inc. (5.23%), Alliancebernstein L.P. (4.03%), First Trust Advisors LP (3.02%), Emerald Advisers Inc. PA (2.70%) and Stephens Investment Management Group LLC (2.54%). Company insiders that own 8x8 stock include Bryan R Martin and Eric Salzman. 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 Kalmar Investments Inc. DE, Next Century Growth Investors LLC, Summit Creek Advisors LLC, Morgan Stanley, ClariVest Asset Management LLC, Chartwell Investment Partners LLC, JPMorgan Chase & Co. and UBS Asset Management Americas Inc.. Company insiders that have sold 8x8 stock in the last year include Bryan R Martin and Eric Salzman. View Insider Buying and Selling for 8x8.

Who bought 8x8 stock? Who is buying 8x8 stock?

8x8's stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Alliancebernstein L.P., Driehaus Capital Management LLC, Vanguard Group Inc., Highbridge Capital Management LLC, American National Insurance Co. TX, MARSHALL WACE ASIA Ltd and Marshall Wace North America L.P.. 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 include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of 8x8 stock cost?

One share of 8x8 stock can currently be purchased for approximately $13.50.

Analyst Ratings

Consensus Ratings for 8x8 (NASDAQ:EGHT) (?)
Ratings Breakdown: 3 Hold Ratings, 5 Buy Ratings
Consensus Rating:Buy (Score: 2.63)
Consensus Price Target: $16.71 (23.81% upside)

Analysts' Ratings History for 8x8 (NASDAQ:EGHT)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/23/2017Dougherty & CoLower Price TargetBuy -> Buy$18.00 -> $16.00HighView Rating Details
5/23/2017B. RileyReiterated RatingNeutral$14.00HighView Rating Details
5/1/2017William BlairDowngradeOutperform -> Market PerformHighView Rating Details
4/11/2017Morgan StanleyInitiated CoverageEqual -> Equal Weight$17.00LowView Rating Details
1/26/2017Barclays PLCBoost Price TargetOverweight$17.00 -> $18.00N/AView Rating Details
1/26/2017Needham & Company LLCBoost Price TargetBuy$17.00 -> $18.00N/AView Rating Details
12/12/2016Robert W. BairdUpgradeNeutral -> Outperform$15.00 -> $17.00N/AView Rating Details
6/30/2016Summit RedstoneReiterated RatingBuy$17.00N/AView Rating Details
5/22/2016Bank of America CorpReiterated RatingBuyN/AView Rating Details
5/22/2016Deutsche Bank AGReiterated RatingBuyN/AView Rating Details
5/22/2016Summit ResearchReiterated RatingBuy$16.00N/AView Rating Details
10/23/2015Craig HallumBoost Price TargetBuy$11.00 -> $12.00N/AView Rating Details
10/23/2015Canaccord GenuityReiterated RatingBuy$9.75 -> $11.50N/AView Rating Details
10/23/2015Northland SecuritiesBoost Price TargetOutperform$11.25 -> $12.00N/AView Rating Details
(Data available from 5/27/2015 forward)

Earnings

Earnings History for 8x8 (NASDAQ:EGHT)
Earnings by Quarter for 8x8 (NASDAQ:EGHT)
Earnings History by Quarter for 8x8 (NASDAQ:EGHT)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
7/19/2017        
5/25/2017Q4 2017$0.03$0.05$65.54 million$66.49 millionViewN/AView Earnings Details
1/25/2017Q317$0.04$0.06$63.51 million$63.68 millionViewN/AView Earnings Details
10/26/2016Q217$0.03$0.06$14.39 million$63.20 millionViewListenView Earnings Details
7/21/2016Q117$0.03$0.06$57.97 million$60.00 millionViewListenView Earnings Details
5/19/2016Q416$0.02$0.03$54.41 million$57.33 millionViewListenView Earnings Details
1/21/2016Q316$0.03$0.05$52.00 million$53.20 millionViewListenView Earnings Details
10/22/2015Q216$0.03$0.03$49.87 million$50.94 millionViewListenView Earnings Details
7/22/2015Q116$0.03$0.05$46.31 million$46.70 millionViewListenView Earnings Details
5/20/2015Q415$0.04$0.05$43.13 million$43.50 millionViewListenView Earnings Details
1/22/2015Q315$0.02$0.01$41.41 million$41.40 millionViewN/AView Earnings Details
10/22/2014Q215$0.03$0.05$39.50 million$39.60 millionViewListenView Earnings Details
7/23/2014Q115$0.03$0.03$37.46 million$37.90 millionViewListenView Earnings Details
5/21/2014Q414$0.03$0.04$35.80 million$35.80 millionViewListenView Earnings Details
1/22/2014Q314$0.04$0.03$32.41 million$32.70 millionViewN/AView Earnings Details
10/23/2013Q214$0.06$0.05$31.10 million$30.82 millionViewN/AView Earnings Details
7/24/2013Q1 2014$0.06$0.06$29.57 million$30.00 millionViewN/AView Earnings Details
5/22/2013Q4 2014$0.06$0.05$28.28 million$28.70 millionViewN/AView Earnings Details
1/24/2013Q3 2013$0.05$0.05$27.30 million$27.34 millionViewN/AView Earnings Details
10/24/2012$0.05$0.05ViewN/AView Earnings Details
7/18/2012$0.04$0.05ViewN/AView Earnings Details
5/16/2012$0.03$0.04ViewN/AView Earnings Details
1/18/2012$0.03$0.04ViewN/AView Earnings Details
10/19/2011$0.03$0.01ViewN/AView Earnings Details
7/20/2011$0.03$0.03ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for 8x8 (NASDAQ:EGHT)
2017 EPS Consensus Estimate: ($0.02)
2018 EPS Consensus Estimate: $0.01
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q3 20172($0.01)($0.01)($0.01)
Q4 20172($0.01)$0.00($0.01)
Q1 20181$0.00$0.00$0.00
Q2 20181$0.00$0.00$0.00
Q3 20181$0.00$0.00$0.00
Q4 20181$0.01$0.01$0.01
(Data provided by Zacks Investment Research)

Dividends

Dividend History for 8x8 (NASDAQ:EGHT)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for 8x8 (NASDAQ:EGHT)
Insider Ownership Percentage: 4.00%
Institutional Ownership Percentage: 70.83%
Insider Trades by Quarter for 8x8 (NASDAQ:EGHT)
Institutional Ownership by Quarter for 8x8 (NASDAQ:EGHT)
Insider Trades by Quarter for 8x8 (NASDAQ:EGHT)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/10/2017Bryan R MartinInsiderSell100,000$15.61$1,561,000.00View SEC Filing  
2/9/2017Eric SalzmanDirectorSell25,000$15.41$385,250.00View SEC Filing  
5/24/2016Bryan R MartinCTOSell43,142$12.45$537,117.90View SEC Filing  
2/12/2016Bryan R. MartinCTOSell56,758$10.81$613,553.98View SEC Filing  
2/5/2016Bryan R. MartinCTOSell100$12.27$1,227.00View SEC Filing  
10/30/2014Bryan R MartinCTOSell50,000$7.81$390,500.00View SEC Filing  
5/27/2014Vikram VermaCEOBuy38,000$7.42$281,960.00View SEC Filing  
11/22/2013Vikram VermaCEOBuy25,000$9.49$237,250.00View SEC Filing  
11/20/2013Ian PotterDirectorBuy30,000$9.25$277,500.00View SEC Filing  
6/28/2013Mansour SalameDirectorSell15,093$8.23$124,215.39View SEC Filing  
6/26/2013Mansour SalameDirectorSell40,000$8.15$326,000.00View SEC Filing  
6/24/2013Mansour SalameDirectorSell50,000$8.14$407,000.00View SEC Filing  
6/20/2013Mansour SalameDirectorSell55,000$8.21$451,550.00View SEC Filing  
6/18/2013Mansour SalameDirectorSell60,000$8.11$486,600.00View SEC Filing  
6/14/2013Mansour SalameDirectorSell19,000$7.86$149,340.00View SEC Filing  
6/10/2013Mansour SalameDirectorSell42,700$8.12$346,724.00View SEC Filing  
5/30/2013Bryan R MartinCEOSell6,200$7.81$48,422.00View SEC Filing  
5/30/2013Mansour SalameDirectorSell48,000$7.99$383,520.00View SEC Filing  
5/28/2013Mansour SalameDirectorSell36,000$7.83$281,880.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for 8x8 (NASDAQ:EGHT)
Latest Headlines for 8x8 (NASDAQ:EGHT)
Source:
DateHeadline
americanbankingnews.com logo8x8, Inc. (EGHT) Upgraded to Hold by Zacks Investment Research
www.americanbankingnews.com - May 26 at 7:14 PM
finance.yahoo.com logo3 Beat And Raise Tech Stocks To Buy Now
finance.yahoo.com - May 26 at 5:31 PM
streetinsider.com logo8x8, Inc. (EGHT) Tops Q4 EPS by 2c, Beats on Revenues; Positive FY18 Revenue Outlook
www.streetinsider.com - May 26 at 4:54 AM
seekingalpha.com logo8X8's (EGHT) CEO Vik Verma on Q4 2017 Results - Earnings Call Transcript
seekingalpha.com - May 26 at 4:54 AM
finance.yahoo.com logoEdited Transcript of EGHT earnings conference call or presentation 25-May-17 8:30pm GMT
finance.yahoo.com - May 26 at 4:54 AM
americanbankingnews.com logo8x8, Inc. (EGHT) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS
www.americanbankingnews.com - May 25 at 9:12 PM
streetinsider.com logo8x8, Inc. (EGHT) Tops Q4 EPS by 2c, Beats on Revenues; Positive FY18 Revenue Outlook - StreetInsider.com
www.streetinsider.com - May 25 at 6:52 PM
seekingalpha.com logoComms firm 8x8 +4.2% after Q4 beat - Seeking Alpha
seekingalpha.com - May 25 at 6:52 PM
finance.yahoo.com logoNew Tolly Group Report Ranks 8x8 Highest for Cloud Communications Voice Quality
finance.yahoo.com - May 25 at 6:52 PM
finance.yahoo.com logoInvestor Network: 8x8, Inc. to Host Earnings Call
finance.yahoo.com - May 25 at 6:52 PM
finance.yahoo.com logo8x8, Inc. Announces Fourth Quarter and Fiscal 2017 Financial Results
finance.yahoo.com - May 25 at 6:52 PM
finance.yahoo.com logo8x8 reports 4Q loss
finance.yahoo.com - May 25 at 6:52 PM
seekingalpha.com logoComms firm 8x8 +4.2% after Q4 beat
seekingalpha.com - May 25 at 4:47 PM
businesswire.com logo8x8 Appoints Rani Hublou as Chief Marketing Officer | Business Wire - Business Wire (press release)
www.businesswire.com - May 23 at 4:38 PM
finance.yahoo.com logo8x8 Appoints Rani Hublou as Chief Marketing Officer
finance.yahoo.com - May 23 at 12:18 PM
247wallst.com logo5 Red-Hot Techs Stocks Private Equity May Be Looking to Buy Out
247wallst.com - May 22 at 11:47 AM
bizjournals.com logoCommunication Services Stocks on Investors' Radar -- 8x8, ORBCOMM, Intelsat, and NeuStar
www.bizjournals.com - May 22 at 11:47 AM
americanbankingnews.com logo$65.64 Million in Sales Expected for 8x8, Inc. (EGHT) This Quarter
www.americanbankingnews.com - May 21 at 2:46 PM
businesswire.com logo8x8 Named Leader in IHS Markit's UCaaS North American Scorecard for Fourth Consecutive Year - Business Wire (press release)
www.businesswire.com - May 18 at 4:57 PM
businesswire.com logo8x8 to Present at Upcoming Investor Conferences - Business Wire (press release)
www.businesswire.com - May 18 at 4:57 PM
finance.yahoo.com logo8x8 Named Leader in IHS Markit’s UCaaS North American Scorecard for Fourth Consecutive Year
finance.yahoo.com - May 18 at 10:30 AM
finance.yahoo.com logo8x8 to Present at Upcoming Investor Conferences
finance.yahoo.com - May 18 at 10:30 AM
americanbankingnews.com logo8x8, Inc. (EGHT) Expected to Announce Earnings of -$0.03 Per Share
www.americanbankingnews.com - May 16 at 8:24 AM
americanbankingnews.com logo8x8, Inc. (EGHT) Given Consensus Rating of "Buy" by Analysts
www.americanbankingnews.com - May 12 at 12:50 PM
americanbankingnews.com logo8x8, Inc. (EGHT) Downgraded by Zacks Investment Research
www.americanbankingnews.com - May 4 at 9:50 PM
americanbankingnews.com logoAnalysts Offer Predictions for 8x8, Inc.'s FY2018 Earnings (EGHT)
www.americanbankingnews.com - May 4 at 7:09 PM
americanbankingnews.com logoQ1 2018 EPS Estimates for 8x8, Inc. Decreased by Analyst (EGHT)
www.americanbankingnews.com - May 3 at 4:44 PM
finance.yahoo.com logo8x8 to Announce Fiscal 2017 Fourth Quarter and Full Year Results on May 25 - Yahoo Finance
finance.yahoo.com - May 3 at 8:07 AM
fool.com logoWhy Shares of 8x8 Inc. Are Down Today - Motley Fool
www.fool.com - May 3 at 8:07 AM
nasdaq.com logoNoteworthy Monday Option Activity: EGHT, AGN, DUK
www.nasdaq.com - May 2 at 8:03 PM
finance.yahoo.com logo8x8 to Announce Fiscal 2017 Fourth Quarter and Full Year Results on May 25
finance.yahoo.com - May 2 at 8:03 PM
finance.yahoo.com logoWhy Shares of 8x8 Inc. Are Down Today
finance.yahoo.com - May 1 at 4:45 PM
finance.yahoo.com logoETFs with exposure to 8×8, Inc. : May 1, 2017
finance.yahoo.com - May 1 at 4:45 PM
americanbankingnews.com logo8x8, Inc. (EGHT) Rating Lowered to Market Perform at William Blair
www.americanbankingnews.com - May 1 at 11:48 AM
americanbankingnews.com logo8x8 (EGHT) Earns Daily News Impact Rating of -0.04
www.americanbankingnews.com - April 28 at 3:05 PM
americanbankingnews.com logoSomewhat Favorable News Coverage Somewhat Likely to Affect 8x8 (EGHT) Share Price
www.americanbankingnews.com - April 25 at 8:26 PM
americanbankingnews.com logoZacks: Analysts Expect 8x8, Inc. (EGHT) to Announce -$0.03 Earnings Per Share
www.americanbankingnews.com - April 25 at 5:20 PM
americanbankingnews.com logoSomewhat Positive Press Coverage Very Likely to Affect 8x8 (EGHT) Stock Price
www.americanbankingnews.com - April 22 at 10:53 AM
finance.yahoo.com logoETFs with exposure to 8×8, Inc. : April 21, 2017
finance.yahoo.com - April 21 at 4:58 PM
americanbankingnews.com logoSomewhat Critical Press Coverage Likely to Impact 8x8 (EGHT) Stock Price
www.americanbankingnews.com - April 17 at 9:51 PM
americanbankingnews.com logo8x8, Inc. (EGHT) Given Consensus Rating of "Buy" by Brokerages
www.americanbankingnews.com - April 17 at 1:54 PM
americanbankingnews.com logo8x8, Inc. (EGHT) Receives New Coverage from Analysts at Morgan Stanley
www.americanbankingnews.com - April 14 at 7:20 PM
americanbankingnews.com logo8x8, Inc. (EGHT) Rating Reiterated by B. Riley
www.americanbankingnews.com - April 9 at 4:26 PM
finance.yahoo.com logoETFs with exposure to 8×8, Inc. : April 7, 2017
finance.yahoo.com - April 7 at 4:53 PM
finance.yahoo.com logo8×8, Inc. breached its 50 day moving average in a Bearish Manner : EGHT-US : April 6, 2017
finance.yahoo.com - April 7 at 9:34 AM
americanbankingnews.com logo8x8, Inc. (EGHT) Downgraded to "Sell" at Zacks Investment Research
www.americanbankingnews.com - April 5 at 1:54 PM
americanbankingnews.com logoZacks Investment Research Lowers 8x8, Inc. (EGHT) to Sell
www.americanbankingnews.com - March 30 at 7:37 PM
prnewswire.com logoResearch Reports Coverage on Communication Services Stocks -- NeuStar, BT Group, Gogo, and 8x8 - PR Newswire (press release)
www.prnewswire.com - March 29 at 11:35 AM
americanbankingnews.com logo8x8, Inc. (EGHT) Short Interest Down 34.2% in March
www.americanbankingnews.com - March 28 at 8:26 AM
americanbankingnews.com logo8x8, Inc. (EGHT) Lowered to Sell at Zacks Investment Research
www.americanbankingnews.com - March 24 at 11:32 AM

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8x8 (EGHT) Chart for Saturday, May, 27, 2017

This page was last updated on 5/27/2017 by MarketBeat.com Staff