NASDAQ:EGHT - 8X8 Stock Price, News, & Analysis Sign in or create an account to add this stock to your watchlist. Get Started $20.53 -0.18 (-0.87 %) (As of 03/20/2019 11:32 AM ET)Previous Close$20.71Today's Range$20.47 - $20.7052-Week Range$15.13 - $23.50Volume25,968 shsAverage Volume1.26 million shsMarket Capitalization$1.96 billionP/E RatioN/ADividend YieldN/ABetaN/A ProfileDiscussionAnalyst RatingsChartEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media Share on FacebookShare on TwitterShare on LinkedInShare on RedditShare on StocktwitsPrint this articleShare by Email 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. Receive EGHT News and Ratings via Email Sign-up to receive the latest news and ratings for EGHT and its competitors with MarketBeat's FREE daily newsletter. Industry, Sector and Symbol Stock Exchange NASDAQ Industry N/A Sub-IndustryAlternative Carriers SectorN/A Current SymbolNASDAQ:EGHT Previous Symbol CUSIP28291410 CIK1023731 Webwww.8x8.com Phone+1-408-7271885Debt Debt-to-Equity RatioN/A Current RatioN/A Quick RatioN/APrice-To-Earnings Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/A Sales & Book Value Annual SalesN/A Price / SalesN/A Cash FlowN/A Price / Cash FlowN/A Book ValueN/A Price / BookN/AProfitability EPS (Most Recent Fiscal Year)N/A Net IncomeN/A Net MarginsN/A Return on EquityN/A Return on AssetsN/AMiscellaneous EmployeesN/A Outstanding Shares95,655,000Market Cap$1.96 billion Next Earnings Date5/23/2019 (Estimated) OptionableOptionable 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 announced that its Board of Directors has authorized a stock buyback program on Sunday, June 4th 2017, which authorizes the company to buyback $25,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 28% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued. How were 8X8's earnings last quarter? 8x8, Inc. (NASDAQ:EGHT) released its quarterly earnings data on Tuesday, January, 29th. The technology company reported ($0.06) EPS for the quarter, hitting the Zacks' consensus estimate of ($0.06). The technology company earned $89.91 million during the quarter, compared to analyst estimates of $88.57 million. View 8X8's Earnings History. When is 8X8's next earnings date? 8X8 is scheduled to release their next quarterly earnings announcement on Thursday, May 23rd 2019. View Earnings Estimates for 8X8. What guidance has 8X8 issued on next quarter's earnings? 8X8 issued an update on its FY 2019 earnings guidance on Tuesday, January, 29th. The company provided EPS guidance of for the period. The company issued revenue guidance of $351-352 million, compared to the consensus revenue estimate of $351.85 million. What price target have analysts set for EGHT? 12 analysts have issued twelve-month price targets for 8X8's stock. Their forecasts range from $20.00 to $25.00. On average, they expect 8X8's stock price to reach $22.9375 in the next twelve months. This suggests a possible upside of 11.7% from the stock's current price. View Analyst Price Targets for 8X8. What is the consensus analysts' recommendation for 8X8? 12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for 8X8 in the last year. There are currently 4 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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. " (1/24/2019) 2. William Blair analysts commented, "We like the acquisition as it brings key automation and “customer journey” technology to 8×8 and its single platform for communications and customer engagement (contact center), pegs 8×8’s platform right alongside other cloud-based marketing and sales automation tools (an interesting direction for the company), and likely enhances the long-term value of the company . Single cloud platform for customer engagement. 8×8’s CTO and chairman of the board, Bryan Martin, gave a motivating speech at the Channel Partners conference last month, stating that “data is the new IT currency” and labeling 8×8 as a “big data company ." (5/16/2018) Has 8X8 been receiving favorable news coverage? Media headlines about EGHT stock have been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. 8X8 earned a coverage optimism score of 1.7 on InfoTrie's scale. They also gave headlines about the technology company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next few days. Are investors shorting 8X8? 8X8 saw a increase in short interest in February. As of February 28th, there was short interest totalling 8,369,542 shares, an increase of 58.1% from the February 15th total of 5,295,328 shares. Based on an average daily trading volume, of 1,244,378 shares, the days-to-cover ratio is currently 6.7 days. Approximately 9.1% of the company's stock are sold short. View 8X8's Current Options Chain. 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 OfficerGuy 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 are 8X8's major shareholders? 8X8's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.50%), First Trust Advisors LP (4.26%), Polar Capital LLP (2.63%), Massachusetts Financial Services Co. MA (1.88%), Northern Trust Corp (1.32%) and Kornitzer Capital Management Inc. KS (1.18%). Company insiders that own 8X8 stock include Bryan R Martin, Darren J Hakeman, Dejan Deklich, Ian Potter, Mary Ellen P Genovese and Vikram Verma. View Institutional Ownership Trends for 8X8. Which institutional investors are selling 8X8 stock? EGHT stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, First Trust Advisors LP, Monarch Partners Asset Management LLC, Barclays PLC, Millennium Management LLC, Los Angeles Capital Management & Equity Research Inc., Citigroup Inc. and Segall Bryant & Hamill LLC. Company insiders that have sold 8X8 company stock in the last year include Darren J Hakeman and Ian Potter. View Insider Buying and Selling for 8X8. Which institutional investors are buying 8X8 stock? EGHT stock was acquired by a variety of institutional investors in the last quarter, including Westfield Capital Management Co. LP, Polar Capital LLP, Portolan Capital Management LLC, Norges Bank, Oregon Public Employees Retirement Fund, Cowbird Capital LP, BlackRock Inc. and Massachusetts Financial Services Co. MA. 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 shares of 8X8? Shares of EGHT 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 EGHT stock can currently be purchased for approximately $20.53. How big of a company is 8X8? 8X8 has a market capitalization of $1.96 billion. What is 8X8's official website? The official website for 8X8 is http://www.8x8.com/. 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 (NASDAQ EGHT)Community Ranking: 2.5 out of 5 ( )Outperform Votes: 342 (Vote Outperform)Underperform Votes: 329 (Vote Underperform)Total Votes: 671MarketBeat's community ratings are surveys of what our community members think about 8X8 and other stocks. Vote "Outperform" if you believe EGHT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe EGHT will underperform the S&P 500 over the long term. You may vote once every thirty days. This page was last updated on 3/20/2019 by MarketBeat.com StaffFeatured Article: Are sell-side analysts objective?