NASDAQ:EGHT - 8X8 Stock Price, News & Analysis

$24.59
-0.16 (-0.65 %)
(As of 08/20/2019 04:00 PM ET)
Add
Today's Range
$24.45
Now: $24.59
$25.09
50-Day Range
$23.56
MA: $24.92
$26.27
52-Week Range
$15.13
Now: $24.59
$26.67
Volume696,022 shs
Average Volume1.31 million shs
Market Capitalization$2.44 billion
P/E RatioN/A
Dividend YieldN/A
BetaN/A
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. Read More…

Industry, Sector and Symbol

Industry N/A
Sub-IndustryAlternative Carriers
SectorN/A
Current SymbolNASDAQ:EGHT
CUSIP28291410
Phone+1-408-7271885

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesN/A

Profitability

Miscellaneous

EmployeesN/A
Market Cap$2.44 billion
Next Earnings Date11/4/2019 (Estimated)
OptionableOptionable

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8X8 (NASDAQ:EGHT) Frequently Asked Questions

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) released its earnings results on Tuesday, July, 30th. The technology company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.29) by $0.15. The technology company earned $96.68 million during the quarter, compared to analyst estimates of $95.88 million. The business's revenue was up 16.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.04) earnings per share. View 8X8's Earnings History.

When is 8X8's next earnings date?

8X8 is scheduled to release their next quarterly earnings announcement on Monday, November 4th 2019. View Earnings Estimates for 8X8.

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

8X8 updated its second quarter 2020 earnings guidance on Tuesday, July, 30th. The company provided EPS guidance of for the period. The company issued revenue guidance of $106-107 million, compared to the consensus revenue estimate of $101 million.

What price target have analysts set for EGHT?

14 brokers have issued 12-month target prices for 8X8's shares. Their predictions range from $18.50 to $30.00. On average, they expect 8X8's share price to reach $25.8708 in the next year. This suggests a possible upside of 5.2% from the stock's current price. View Analyst Price Targets for 8X8.

What is the consensus analysts' recommendation for 8X8?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for 8X8 in the last year. There are currently 1 sell rating, 5 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. " (8/2/2019)
  • 2. Northland Securities analysts commented, "We believe the number of use cases for API/CPaaS is almost limitless, helping to generate the market growth. Among the categories we cover of API/CPaaS is the fastest grower we believe. 8×8 can now offer API/CPaaS via its own technology. API/CPaaS can also be complementary to CCaaS customers. API/CPaaS enables 8×8 to more quickly capture customers than a UCaaS or CCaaS sale cycle might; although the buyers within companies to date have often been different people. 8×8 highlights growth acceleration, expansion internationally and deepening of tech expertise as rationales for the acquisition. We’d expect 8×8’s scale, R&D and global reach to help Wavecell as well. Transaction. 8×8 is paying $125 million ($69 mil cash, $59 mil stock) for Wavecell, or under 4x CY19 revs." (7/18/2019)
  • 3. Stephens analysts commented, "We reiterate our Overweight/Vol. rating on improving execution and channel sales growth, and are buyers on the dip as the outlook appears conservative given improved near-term metrics." (5/14/2019)

Has 8X8 been receiving favorable news coverage?

Media stories about EGHT stock have been trending positive this week, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. 8X8 earned a news impact score of 2.5 on InfoTrie's scale. They also gave press coverage about the technology company a news buzz of 6.0 out of 10, meaning that recent media coverage is somewhat likely to have an effect on the company's share price in the next several days. View News Stories for 8X8.

What other stocks do shareholders of 8X8 own?

Based on aggregate information from My MarketBeat watchlists, some companies that other 8X8 investors own include Zebra Technologies (ZBRA), Actinium Pharmaceuticals (ATNM), Intel (INTC), AT&T (T), Advanced Micro Devices (AMD), Alibaba Group (BABA), Netflix (NFLX), NVIDIA (NVDA), Cypress Semiconductor (CY) and Cisco Systems (CSCO).

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 are 8X8's major shareholders?

8X8's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.22%), Vanguard Group Inc. (10.09%), Point72 Asset Management L.P. (4.81%), Sylebra Capital Ltd (4.27%), First Trust Advisors LP (4.04%) and Waddell & Reed Financial Inc. (3.19%). Company insiders that own 8X8 stock include Bryan R Martin, Darren J Hakeman, Dejan Deklich, Ian Potter and Vikram Verma. View Institutional Ownership Trends for 8X8.

Which major investors are selling 8X8 stock?

EGHT stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Polar Asset Management Partners Inc., Westfield Capital Management Co. LP, Stephens Investment Management Group LLC, Wells Fargo & Company MN, Impax Asset Management Group plc, Fort Washington Investment Advisors Inc. OH and Strs Ohio. Company insiders that have sold 8X8 company stock in the last year include Darren J Hakeman, Dejan Deklich and Ian Potter. View Insider Buying and Selling for 8X8.

Which major investors are buying 8X8 stock?

EGHT stock was acquired by a variety of institutional investors in the last quarter, including Sylebra Capital Ltd, Vanguard Group Inc., Waddell & Reed Financial Inc., SRS Investment Management LLC, Morgan Stanley, Vista Equity Partners Management LLC, Nuveen Asset Management LLC and Balyasny Asset Management LLC. 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 $24.59.

How big of a company is 8X8?

8X8 has a market capitalization of $2.44 billion. View Additional Information About 8X8.

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:  2.6 out of 5 (star star)
Outperform Votes:  370 (Vote Outperform)
Underperform Votes:  355 (Vote Underperform)
Total Votes:  725
MarketBeat'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 8/20/2019 by MarketBeat.com Staff

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