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NYSE:EGHT

8X8 - EGHT Stock Forecast, Price & News

$3.51
-0.10 (-2.77%)
(As of 10/6/2022 12:00 AM ET)
Add
Compare
Today's Range
$3.50
$3.68
50-Day Range
$3.45
$5.43
52-Week Range
$3.18
$24.81
Volume
2.09 million shs
Average Volume
1.97 million shs
Market Capitalization
$421.08 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$9.00

8X8 MarketRank™ Forecast

Analyst Rating
Hold
2.31 Rating Score
Upside/​Downside
156.4% Upside
$9.00 Price Target
Short Interest
Bearish
11.60% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$327,609 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.70) to ($0.67) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.20 out of 5 stars

Computer And Technology Sector

323rd out of 633 stocks

Data Processing & Preparation Industry

31st out of 73 stocks

EGHT stock logo

About 8X8 (NYSE:EGHT) Stock

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. The company offers unified communications, team collaboration, video conferencing, contact center, data and analytics, communication APIs, and other services. It provides 8x8 Work, a self-contained end-to-end united communications solution that delivers enterprise voice with public switched telephone network connectivity, video meetings, and unified messaging, as well as direct messages, public and private team messaging rooms, and short and multimedia services; 8x8 Contact Center, a multi-channel cloud-based contact center solution; and 8x8 CPaaS, a set of global communications Platform-as-a-Service. The company also offers and X1 through X4 and X5 through X8, which provide enterprise-grade voice, unified communications, and video meetings and team collaboration, and contact center solutions. 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. The company was incorporated in 1987 and is headquartered in Campbell, California.

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EGHT Stock News Headlines

Will 8x8 (EGHT) Gain on Rising Earnings Estimates?
AdvancedMD Moves to Cloud Communications with 8x8 XCaaS
Expert Ratings for 8x8
Comms firm 8x8 slides 21% amid $500M refinancing
See More Headlines
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EGHT Company Calendar

Last Earnings
7/27/2022
Today
10/06/2022
Next Earnings (Estimated)
11/01/2022
Fiscal Year End
3/31/2023

Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
Alternative Carriers
CUSIP
28291410
Employees
2,216
Year Founded
1987

Price Target and Rating

Average Stock Price Forecast
$9.00
High Stock Price Forecast
$18.00
Low Stock Price Forecast
$5.00
Forecasted Upside/Downside
+156.4%
Consensus Rating
Hold
Rating Score (0-4)
2.31
Research Coverage
13 Analysts

Profitability

Net Income
$-175,380,000.00
Pretax Margin
-23.29%

Debt

Sales & Book Value

Annual Sales
$638.13 million
Book Value
$1.54 per share

Miscellaneous

Free Float
118,405,000
Market Cap
$421.08 million
Optionable
Optionable
Beta
1.36

Social Links


Key Executives

  • Mr. David D. SipesMr. David D. Sipes (Age 55)
    CEO & Director
    Comp: $600.26k
  • Mr. Samuel C. WilsonMr. Samuel C. Wilson
    Exec. VP, CFO & Principal Accounting Officer
  • Mr. Bryan R. MartinMr. Bryan R. Martin (Age 54)
    Chief Technology Officer
  • Mr. Matthew P. ZinnMr. Matthew P. Zinn (Age 57)
    Chief Legal Officer
    Comp: $415.28k
  • Dr. Hunter Middleton Ph.D. (Age 55)
    Chief Product Officer
    Comp: $374.44k
  • Ms. Suzy Seandel
    Sr. VP & Chief Accounting Officer
  • Colin Carmichael
    Chief Information Officer
  • Ms. Victoria Hyde-Dunn
    Investor Relations
  • Ms. Jennifer Graham Clary
    VP of Corp. Communications
  • Mr. Amritesh Chaudhuri
    Exec. VP & Chief Marketing Officer













EGHT Stock - Frequently Asked Questions

Should I buy or sell 8X8 stock right now?

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for 8X8 in the last twelve months. There are currently 1 sell rating, 7 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" EGHT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EGHT, but not buy additional shares or sell existing shares.
View EGHT analyst ratings
or view top-rated stocks.

What is 8X8's stock price forecast for 2022?

13 brokerages have issued 12-month price objectives for 8X8's stock. Their EGHT share price forecasts range from $5.00 to $18.00. On average, they predict the company's stock price to reach $9.00 in the next twelve months. This suggests a possible upside of 154.2% from the stock's current price.
View analysts price targets for EGHT
or view top-rated stocks among Wall Street analysts.

How have EGHT shares performed in 2022?

8X8's stock was trading at $16.76 on January 1st, 2022. Since then, EGHT stock has decreased by 78.9% and is now trading at $3.54.
View the best growth stocks for 2022 here
.

When is 8X8's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our EGHT earnings forecast
.

How were 8X8's earnings last quarter?

8x8, Inc. (NYSE:EGHT) issued its quarterly earnings results on Wednesday, July, 27th. The technology company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.13. The technology company earned $187.62 million during the quarter, compared to analyst estimates of $186.54 million. 8X8 had a negative net margin of 23.25% and a negative trailing twelve-month return on equity of 73.61%.

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

8X8 updated its FY 2023 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $747.50 million-$762.50 million, compared to the consensus revenue estimate of $781.43 million.

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 (CRM), Intel (INTC), Block (SQ), Netflix (NFLX), PayPal (PYPL), QUALCOMM (QCOM) and AT&T (T).

What is 8X8's stock symbol?

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

How do I buy shares of 8X8?

Shares of EGHT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is 8X8's stock price today?

One share of EGHT stock can currently be purchased for approximately $3.54.

How much money does 8X8 make?

8X8 (NYSE:EGHT) has a market capitalization of $424.66 million and generates $638.13 million in revenue each year. The technology company earns $-175,380,000.00 in net income (profit) each year or ($1.37) on an earnings per share basis.

How many employees does 8X8 have?

The company employs 2,216 workers across the globe.

Does 8X8 have any subsidiaries?
The following companies are subsidiares of 8X8: 8x8 Asia, 8x8 Australia Pty Ltd., 8x8 Canada Inc., 8x8 Japan G.K., 8x8 Research and Innovations SRL, 8x8 UK Investments Limited, Central Host, Contactual, Contactual Inc., DXI Limited, DXI Ltd., Jitsi, LeChat Inc., MarianaIQ, Netergy Microelectronics Inc., Odisei S.A., Sameroom, Visit Inc., Voicenet Solutions, Voicenet Solutions Limited, Zerigo, and Zerigo Inc..
Read More
How can I contact 8X8?

8X8's mailing address is 675 Creekside Way, Campbell CA, 95008. The official website for the company is www.8x8.com. The technology company can be reached via phone at (408) 727-1885, via email at investor.relations@8x8.com, or via fax at 408-727-1885.

This page (NYSE:EGHT) was last updated on 10/6/2022 by MarketBeat.com Staff

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