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: Integrated Telecommunications Services - NEC
  • Sub-Industry: Alternative Carriers
  • Symbol: NASDAQ:EGHT
  • CUSIP: 28291410
  • Web: www.8x8.com
Capitalization:
  • Market Cap: $1.36 billion
  • Outstanding Shares: 91,620,000
Average Prices:
  • 50 Day Moving Avg: $14.42
  • 200 Day Moving Avg: $14.60
  • 52 Week Range: $12.60 - $16.80
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 61.67
  • P/E Growth: 2.88
Sales & Book Value:
  • Annual Revenue: $253.39 million
  • Price / Sales: 5.35
  • Book Value: $3.15 per share
  • Price / Book: 4.70
Profitability:
  • EBIDTA: $3.18 million
  • Net Margins: -1.88%
  • Return on Equity: 2.26%
  • Return on Assets: 1.97%
Debt:
  • Current Ratio: 4.55%
  • Quick Ratio: 4.53%
Misc:
  • Average Volume: 807,389 shs.
  • Beta: 0.48
  • Short Ratio: 2.63
 
Frequently Asked Questions for 8x8 (NASDAQ:EGHT)

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 declared that its Board of Directors has initiated a stock buyback plan on Sunday, June 4th 2017, which allows the company to buyback $25,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 28% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

How were 8x8's earnings last quarter?

8x8 Inc (NASDAQ:EGHT) announced its earnings results on Thursday, May, 25th. The company reported $0.05 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.02. The firm had revenue of $66.49 million for the quarter, compared to the consensus estimate of $65.54 million. 8x8 had a positive return on equity of 2.26% and a negative net margin of 1.88%. The company's revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter last year, the business posted $0.03 earnings per share. View 8x8's Earnings History.

When will 8x8 make its next earnings announcement?

8x8 is scheduled to release their next quarterly earnings announcement on Thursday, July, 27th 2017. View Earnings Estimates for 8x8.

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

8 brokerages have issued 12-month price objectives for 8x8's shares. Their forecasts range from $14.00 to $24.00. On average, they expect 8x8's stock price to reach $17.71 in the next twelve months. View Analyst Ratings for 8x8.

Who are some of 8x8's key competitors?

Who are 8x8's key executives?

8x8's management team includes the folowing people:

  • Bryan R. Martin, Chairman of the Board, Chief Technology Officer
  • Vikram Verma, Chief Executive Officer, Director
  • Mary Ellen P. Genovese, Chief Financial Officer
  • Puneet Arora, Senior Vice President - Global Sales
  • Darren J. Hakeman, Senior Vice President - Product & Strategy
  • Rani Hublou, Chief Marketing Officer
  • Guy L. Hecker Jr., Lead Independent Director
  • Vladimir Jacimovic, Independent Director
  • Ian Potter, Independent Director
  • Jaswinder Pal Singh, Independent Director

Who owns 8x8 stock?

8x8's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Shell Asset Management Co. (0.86%), Summit Creek Advisors LLC (0.72%), Russell Investments Group Ltd. (0.71%), American National Insurance Co. TX (0.29%), Fisher Asset Management LLC (0.27%) and Kornitzer Capital Management Inc. KS (0.17%). 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 Summit Creek Advisors LLC, Roanoke Asset Management Corp NY, Capstone Asset Management Co. and Creative Planning. 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 Kornitzer Capital Management Inc. KS, Fisher Asset Management LLC, Aperio Group LLC, Russell Investments Group Ltd., Moody National Bank Trust Division, Fox Run Management L.L.C., State of Alaska Department of Revenue and Great West Life Assurance Co. Can. 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.

What is 8x8's stock price today?

One share of 8x8 stock can currently be purchased for approximately $14.80.


MarketBeat Community Rating for 8x8 (NASDAQ EGHT)
Community Ranking:  2.7 out of 5 ( )
Outperform Votes:  204 (Vote Outperform)
Underperform Votes:  176 (Vote Underperform)
Total Votes:  380
MarketBeat's community ratings are surveys of what our community members think about 8x8 and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for 8x8 (NASDAQ:EGHT) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 3 Hold Ratings, 5 Buy Ratings
Consensus Rating:Buy (Score: 2.63)
Consensus Price Target: $17.71 (19.69% upside)

Analysts' Ratings History for 8x8 (NASDAQ:EGHT)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
7/24/2017B. RileyReiterated RatingNeutral$14.00LowView Rating Details
5/30/2017Deutsche Bank AGBoost Price TargetBuy$23.00 -> $24.00LowView Rating Details
5/23/2017Dougherty & CoLower Price TargetBuy -> Buy$18.00 -> $16.00HighView 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 CorporationReiterated 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 7/27/2015 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
7/27/2017Q1 2018$0.03($0.02)$68.65 million$69.10 millionN/AView Earnings Details
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: $0.02
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q3 20172($0.01)($0.01)($0.01)
Q4 20172($0.01)$0.00($0.01)
Q1 20182($0.01)$0.00($0.01)
Q2 20182$0.00$0.01$0.01
Q3 20182$0.00$0.03$0.02
Q4 20182$0.00$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: 4.40%
Institutional Ownership Percentage: 67.91%
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
streetinsider.com logo8x8, Inc. (EGHT) Misses Q1 EPS by 1c, Offters Outlook - StreetInsider.com
www.streetinsider.com - July 27 at 6:40 PM
finance.yahoo.com logo8x8, Inc. Announces First Quarter Fiscal 2018 Financial Results
finance.yahoo.com - July 27 at 6:40 PM
businesswire.com logo8x8 Teams with Ingram Micro to Distribute Global Cloud Communications and Contact Center Solutions - Business Wire (press release)
www.businesswire.com - July 26 at 6:46 PM
finance.yahoo.com logo8x8 Teams with Ingram Micro to Distribute Global Cloud Communications and Contact Center Solutions
finance.yahoo.com - July 26 at 6:45 PM
zacks.com logoNew Strong Buy Stocks for July 25th
www.zacks.com - July 26 at 4:28 AM
americanbankingnews.com logo8x8 Inc (EGHT) Stock Rating Upgraded by Zacks Investment Research
www.americanbankingnews.com - July 25 at 10:10 PM
finance.yahoo.com logoWestell Technologies (WSTL) In Focus: Stock Rises 11.9%
finance.yahoo.com - July 25 at 6:26 PM
americanbankingnews.com logoB. Riley Reaffirms "Neutral" Rating for 8x8 Inc (EGHT)
www.americanbankingnews.com - July 24 at 3:28 PM
businesswire.com logo8x8 Assembles World-Class Engineering Team to Accelerate Innovation in Cloud Communications, Contact Center ... - Business Wire (press release)
www.businesswire.com - July 24 at 10:12 AM
finance.yahoo.com logo8x8 Assembles World-Class Engineering Team to Accelerate Innovation in Cloud Communications, Contact Center and Collaboration Technologies
finance.yahoo.com - July 24 at 10:12 AM
americanbankingnews.com logo8x8 Inc (NASDAQ:EGHT) Given Neutral Rating at B. Riley
www.americanbankingnews.com - July 24 at 12:28 AM
americanbankingnews.com logoHead to Head Analysis: Black Box Corporation (BBOX) versus 8x8 (NASDAQ:EGHT)
www.americanbankingnews.com - July 20 at 8:23 PM
finance.yahoo.com logo8×8, Inc. breached its 50 day moving average in a Bearish Manner : EGHT-US : July 20, 2017
finance.yahoo.com - July 20 at 3:33 PM
americanbankingnews.com logo8x8 Inc (EGHT) to Release Earnings on Thursday
www.americanbankingnews.com - July 20 at 7:00 AM
americanbankingnews.com logo8x8 Inc (NASDAQ:EGHT) Downgraded by Zacks Investment Research
www.americanbankingnews.com - July 19 at 11:44 PM
americanbankingnews.com logoAnalyzing 8x8 (EGHT) and Cincinnati Bell (CBB)
www.americanbankingnews.com - July 19 at 8:40 PM
businesswire.com logo8x8 Introduces New Capabilities for Contact Centers to Deliver Enhanced Customer Experiences - Business Wire (press release)
www.businesswire.com - July 19 at 4:19 PM
americanbankingnews.com logo8x8 Inc (EGHT) Rating Increased to Buy at Zacks Investment Research
www.americanbankingnews.com - July 18 at 10:21 PM
finance.yahoo.com logoETFs with exposure to 8×8, Inc. : July 13, 2017
finance.yahoo.com - July 13 at 7:32 PM
americanbankingnews.com logoShaw Communications (SJR) and 8x8 (NASDAQ:EGHT) Head to Head Analysis
www.americanbankingnews.com - July 10 at 7:47 AM
americanbankingnews.com logoZacks: Brokerages Anticipate 8x8 Inc (EGHT) Will Announce Quarterly Sales of $68.81 Million
www.americanbankingnews.com - July 8 at 8:24 AM
americanbankingnews.com logoZacks: Analysts Anticipate 8x8, Inc. (EGHT) to Announce -$0.01 Earnings Per Share
www.americanbankingnews.com - July 6 at 10:16 PM
businesswire.com logo8x8 to Announce First Quarter Fiscal 2018 Results on July 27 - Business Wire (press release)
www.businesswire.com - July 6 at 7:22 PM
finance.yahoo.com logo8x8 to Announce First Quarter Fiscal 2018 Results on July 27
finance.yahoo.com - July 6 at 7:22 PM
americanbankingnews.com logo8x8 Inc (EGHT) Receives Average Rating of "Buy" from Analysts
www.americanbankingnews.com - July 3 at 12:40 PM
finance.yahoo.com logoFeatured Company News - 8X8 Partners with Softchoice
finance.yahoo.com - June 30 at 6:30 PM
businesswire.com logo8x8 Partners with Softchoice to Bring Cloud Communications and Contact Center Offerings to Midmarket and ... - Business Wire (press release)
www.businesswire.com - June 29 at 7:45 PM
finance.yahoo.com logo8x8 Partners with Softchoice to Bring Cloud Communications and Contact Center Offerings to Midmarket and Enterprise Companies in North America
finance.yahoo.com - June 28 at 5:55 PM
americanbankingnews.com logo8x8 Inc (EGHT) Lifted to Buy at BidaskClub
www.americanbankingnews.com - June 24 at 7:20 PM
finance.yahoo.com logoEarnings Highlights and Review: 8x8's Revenue Jumped 16%; Adjusted EPS Soared 66.7%
finance.yahoo.com - June 20 at 5:38 PM
americanbankingnews.com logoReviewing Telefonica SA (TEF) & 8x8 (EGHT)
www.americanbankingnews.com - June 16 at 2:25 PM
finance.yahoo.com logoETFs with exposure to 8×8, Inc. : June 14, 2017
finance.yahoo.com - June 14 at 5:59 PM
americanbankingnews.com logoReviewing 8x8 (EGHT) & Telecom Argentina SA (TEO)
www.americanbankingnews.com - June 14 at 10:12 AM
americanbankingnews.com logo8x8 Inc (EGHT) Expected to Announce Quarterly Sales of $68.95 Million
www.americanbankingnews.com - June 14 at 9:40 AM
americanbankingnews.com logo Analysts Expect 8x8 Inc (EGHT) Will Announce Earnings of -$0.01 Per Share
www.americanbankingnews.com - June 12 at 10:24 PM
businesswire.com logo8x8 Launches New Global Distribution Model with Leading Master Agents and Value Added Distributors - Business Wire (press release)
www.businesswire.com - June 8 at 2:32 AM
finance.yahoo.com logo8x8 Launches New Global Distribution Model with Leading Master Agents and Value Added Distributors
finance.yahoo.com - June 8 at 2:32 AM
americanbankingnews.com logo8x8, Inc. (EGHT) Raised to Hold at ValuEngine
www.americanbankingnews.com - June 6 at 9:44 PM
americanbankingnews.com logo8x8, Inc. (EGHT) Receives Average Recommendation of "Buy" from Analysts
www.americanbankingnews.com - June 6 at 12:53 PM
finance.yahoo.com logoAzure Selects 8x8 Communications Cloud Ahead of Overseas Expansion
finance.yahoo.com - June 5 at 11:35 AM
finance.yahoo.com logo8×8, Inc. breached its 50 day moving average in a Bullish Manner : EGHT-US : June 5, 2017
finance.yahoo.com - June 5 at 11:35 AM
americanbankingnews.com logoShare Buyback Program Initiated by 8x8 (EGHT) Board
www.americanbankingnews.com - June 4 at 11:29 AM
americanbankingnews.com logo8x8, Inc. (EGHT) Stock Rating Reaffirmed by B. Riley
www.americanbankingnews.com - June 2 at 7:43 PM
finance.yahoo.com logoETFs with exposure to 8×8, Inc. : June 2, 2017
finance.yahoo.com - June 2 at 4:24 PM
americanbankingnews.com logoB. Riley Comments on 8x8, Inc.'s Q1 2018 Earnings (EGHT)
www.americanbankingnews.com - June 2 at 8:46 AM
nasdaq.com logo8x8 Inc (EGHT) Files 10-K for the Fiscal Year Ended on March 31, 2017 - Nasdaq
www.nasdaq.com - June 1 at 5:36 PM
finance.yahoo.com logo8×8, Inc. :EGHT-US: Earnings Analysis: Q4, 2017 By the Numbers : June 1, 2017
finance.yahoo.com - June 1 at 5:36 PM
streetinsider.com logo8x8, Inc. (EGHT) Announces Partners with Jenne to Distribute Communications Cloud Solutions in U.S.
www.streetinsider.com - May 31 at 3:56 PM
streetinsider.com logo8x8, Inc. (EGHT) Announces Partners with Jenne to Distribute Communications Cloud Solutions in US - StreetInsider.com
www.streetinsider.com - May 31 at 9:43 AM
finance.yahoo.com logo8x8 Partners with Jenne to Distribute Communications Cloud Solutions in the U.S.
finance.yahoo.com - May 31 at 9:43 AM

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Chart

8x8 (EGHT) Chart for Thursday, July, 27, 2017

This page was last updated on 7/27/2017 by MarketBeat.com Staff