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NYSE:EGHT

8X8 Stock Forecast, Price & News

$20.82
+0.38 (+1.86 %)
(As of 12/4/2020 03:15 PM ET)
Add
Compare
Today's Range
$20.39
Now: $20.82
$21.00
50-Day Range
$15.95
MA: $18.20
$20.30
52-Week Range
$10.70
Now: $20.82
$21.57
Volume41,018 shs
Average Volume1.66 million shs
Market Capitalization$2.21 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.77
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 offers unified communications, team collaboration, video conferencing, contact center, data and analytics, communication APIs, and other services. The company provides 8x8 Virtual Office, a self-contained and end-to-end solution that delivers high quality voice and unified communications-as-a-service; 8x8 Contact Center, a multi-channel cloud-based contact center solution; and 8x8 Meetings, a cloud-based video conferencing and collaboration solution that enables secure and continuous collaboration with borderless high definition video and audio communications from mobile and desktop devices. It also offers 8x8 Team Messaging, an integrated open team messaging platform, which facilitate modern modes of communication with support for direct messages, public and private team messaging rooms, short messaging service, presence, emojis, and Â'@' mentions; 8x8 API, a set of global communications Platform-as-a-Service; and 8x8 Callstats Service, an analytics offering designed for real-time analytical responsiveness at scale. The company integrates its services with third-party applications and platforms, including enterprise resource planning, customer relations management, human capital management, and other proprietary application suites. It markets its services to end users through search engine marketing and optimization, third-party lead generation sources, industry conferences, trade shows, Webinars, and digital advertising channels, as well as direct sales organization. 8x8, Inc. was founded in 1987 and is headquartered in Campbell, California.
8X8 logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.42 out of 5 stars


Industry, Sector and Symbol

Industry Data processing & preparation
Sub-IndustryAlternative Carriers
CUSIP28291410
Phone408-727-1885
Employees1,675

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$446.24 million
Book Value$1.64 per share

Profitability

Net Income$-172,370,000.00

Miscellaneous

Market Cap$2.21 billion
Next Earnings Date2/2/2021 (Estimated)
OptionableOptionable
$20.82
+0.38 (+1.86 %)
(As of 12/4/2020 03:15 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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8X8 (NYSE:EGHT) Frequently Asked Questions

How has 8X8's stock been impacted by Coronavirus (COVID-19)?

8X8's stock was trading at $14.17 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, EGHT stock has increased by 47.3% and is now trading at $20.87.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of 8X8?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for 8X8 in the last year. There are currently 5 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for 8X8
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than 8X8?

Wall Street analysts have given 8X8 a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but 8X8 wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is 8X8's next earnings date?

8X8 is scheduled to release its next quarterly earnings announcement on Tuesday, February 2nd 2021.
View our earnings forecast for 8X8
.

How were 8X8's earnings last quarter?

8x8, Inc. (NYSE:EGHT) posted its earnings results on Wednesday, October, 28th. The technology company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.29) by $0.26. The technology company had revenue of $129.13 million for the quarter, compared to the consensus estimate of $126.06 million. 8X8 had a negative net margin of 36.15% and a negative return on equity of 68.68%.
View 8X8's earnings history
.

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

8X8 updated its third quarter 2021 After-Hours earnings guidance on Wednesday, October, 28th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $132-133 million, compared to the consensus revenue estimate of $133.43 million.

What price target have analysts set for EGHT?

14 equities research analysts have issued 1-year price objectives for 8X8's stock. Their forecasts range from $15.25 to $29.00. On average, they expect 8X8's stock price to reach $21.88 in the next twelve months. This suggests a possible upside of 4.8% from the stock's current price.
View analysts' price targets for 8X8
.

Who are some of 8X8's key competitors?

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), Advanced Micro Devices (AMD), NVIDIA (NVDA), salesforce.com (CRM), Intel (INTC), Square (SQ), Netflix (NFLX), PayPal (PYPL), QUALCOMM (QCOM) and AT&T (T).

Who are 8X8's key executives?

8X8's management team includes the following people:
  • Mr. Bryan R. Martin, Exec. Chairman & CTO (Age 52, Pay $385.42k)
  • Mr. Vikram Verma, CEO & Director (Age 55, Pay $761.62k)
  • Mr. Matthew P. Zinn, Sr. VP, Gen. Counsel, Chief Privacy Officer & Corp. Sec. (Age 55, Pay $454.94k)
  • Mr. Dejan Deklich, Chief Product Officer (Age 45, Pay $471.38k)
  • Mr. Samuel C. Wilson, Exec. VP & CFO
  • Ms. Germaine Cota, Chief Accounting Officer (Age 39)
  • Ms. Victoria Hyde-Dunn, Investor Relations
  • Ms. Joan Citelli, Investor Relations Contact
  • Mr. Darren Hakeman, Sr. VP of Strategy, Analytics & Corp. Devel. (Age 50)
  • Ms. Margaret Anne Breya, Exec. VP & Chief Marketing Officer (Age 58)

What is 8X8's stock symbol?

8X8 trades on the New York Stock Exchange (NYSE) under the ticker symbol "EGHT."

Who are 8X8's major shareholders?

8X8's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Sylebra Capital Ltd (12.54%), Massachusetts Financial Services Co. MA (4.18%), First Trust Advisors LP (4.15%), Bloom Tree Partners LLC (3.01%), Assenagon Asset Management S.A. (2.21%) and Kornitzer Capital Management Inc. KS (1.18%). Company insiders that own 8X8 stock include Bryan R Martin, Dejan Deklich, Elizabeth Harriet Theophille, Matthew Zinn, Samuel C Wilson, Steven Gatoff 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 Bloom Tree Partners LLC, First Trust Advisors LP, MUFG Securities EMEA plc, Voloridge Investment Management LLC, Fisher Asset Management LLC, Kornitzer Capital Management Inc. KS, Principal Financial Group Inc., and Creative Planning. Company insiders that have sold 8X8 company stock in the last year include Bryan R Martin, Dejan Deklich, Elizabeth Harriet Theophille, Matthew Zinn, Samuel C Wilson, Steven Gatoff, and Vikram Verma.
View insider buying and selling activity for 8X8
.

Which institutional investors are buying 8X8 stock?

EGHT stock was purchased by a variety of institutional investors in the last quarter, including Sylebra Capital Ltd, Assenagon Asset Management S.A., SG Americas Securities LLC, ArrowMark Colorado Holdings LLC, ExodusPoint Capital Management LP, Squarepoint Ops LLC, Cubist Systematic Strategies LLC, and Soros Fund Management LLC.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is 8X8's stock price today?

One share of EGHT stock can currently be purchased for approximately $20.87.

How big of a company is 8X8?

8X8 has a market capitalization of $2.22 billion and generates $446.24 million in revenue each year. The technology company earns $-172,370,000.00 in net income (profit) each year or ($1.29) on an earnings per share basis. 8X8 employs 1,675 workers across the globe.

What is 8X8's official website?

The official website for 8X8 is www.8x8.com.

How can I contact 8X8?

8X8's mailing address is 675 Creekside Way, Campbell CA, 95008. The technology company can be reached via phone at 408-727-1885 or via email at [email protected]

This page was last updated on 12/4/2020 by MarketBeat.com Staff

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