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NYSE:EGHT - 8X8 Stock Price, Forecast & News

$17.17
+0.36 (+2.14 %)
(As of 12/15/2019 04:00 PM ET)
Today's Range
$16.62
Now: $17.17
$17.18
50-Day Range
$16.81
MA: $19.59
$20.92
52-Week Range
$16.34
Now: $17.17
$26.67
Volume1.80 million shs
Average Volume1.06 million shs
Market Capitalization$1.72 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.68
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 Data processing & preparation
Sub-IndustryAlternative Carriers
SectorComputer and Technology
CUSIP28291410
Phone408-727-1885

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$352.59 million
Book Value$2.61 per share

Profitability

Net Income$-88,740,000.00

Miscellaneous

Employees1,497
Market Cap$1.72 billion
Next Earnings Date2/4/2020 (Estimated)
OptionableOptionable

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8X8 (NYSE:EGHT) Frequently Asked Questions

What is 8X8's stock symbol?

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

How were 8X8's earnings last quarter?

8x8, Inc. (NYSE:EGHT) issued its earnings results on Wednesday, October, 30th. The technology company reported ($0.16) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.17) by $0.01. The technology company earned $109.50 million during the quarter, compared to the consensus estimate of $106.51 million. 8X8 had a negative return on equity of 40.84% and a negative net margin of 32.60%. The company's revenue was up 27.8% compared to the same quarter last year. During the same quarter in the prior year, the business 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 Tuesday, February 4th 2020. View Earnings Estimates for 8X8.

What price target have analysts set for EGHT?

13 analysts have issued 12 month target prices for 8X8's stock. Their forecasts range from $18.50 to $30.00. On average, they expect 8X8's share price to reach $25.37 in the next twelve months. This suggests a possible upside of 47.8% from the stock's current price. View Analyst Price Targets for 8X8.

What is the consensus analysts' recommendation for 8X8?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for 8X8 in the last year. There are currently 1 sell rating, 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. " (12/10/2019)
  • 2. Northland Securities analysts commented, "We also heard that the higher sales payouts now in the CSaaS industry, which can be 6x MRR v. 3x a few years ago, are generally a sign of deal sizes getting bigger and duration longer. IMPORTANT DISCLOSURES AND ANALYST CERTIFICATION ON PAGE 2Company Description 8×8 sells communications SaaS." (9/22/2019)

Has 8X8 been receiving favorable news coverage?

Media coverage about EGHT stock has trended neutral this week, InfoTrie reports. InfoTrie rates the sentiment of media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. 8X8 earned a media sentiment score of 0.2 on InfoTrie's scale. They also assigned media headlines about the technology company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days. View News Stories for 8X8.

Are investors shorting 8X8?

8X8 saw a increase in short interest in the month of November. As of November 29th, there was short interest totalling 18,330,000 shares, an increase of 7.3% from the November 14th total of 17,090,000 shares. Based on an average trading volume of 1,250,000 shares, the short-interest ratio is presently 14.7 days. Approximately 19.0% of the shares of the stock are sold short. View 8X8's Current Options Chain.

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), Actinium Pharmaceuticals (ATNM), AT&T (T), Intel (INTC), Advanced Micro Devices (AMD), Netflix (NFLX), Alibaba Group (BABA), NVIDIA (NVDA), Cisco Systems (CSCO) and Cypress Semiconductor (CY).

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 a number of of retail and institutional investors. Top institutional investors include Sylebra Capital Ltd (4.44%), First Trust Advisors LP (3.82%), Point72 Asset Management L.P. (3.22%), Barclays PLC (3.06%), State Street Corp (2.81%) and Stephens Investment Management Group LLC (1.47%). 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 Point72 Asset Management L.P., Massachusetts Financial Services Co. MA, First Trust Advisors LP, Kornitzer Capital Management Inc. KS, Stephens Investment Management Group LLC, Russell Investments Group Ltd., Squarepoint Ops LLC and Creative Planning. 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, Millennium Management LLC, State of New Jersey Common Pension Fund D, Nomura Holdings Inc., State of Alaska Department of Revenue, Fisher Asset Management LLC, Comerica Bank and California Public Employees Retirement System. 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, Robinhood, Fidelity and Charles Schwab.

What is 8X8's stock price today?

One share of EGHT stock can currently be purchased for approximately $17.17.

How big of a company is 8X8?

8X8 has a market capitalization of $1.72 billion and generates $352.59 million in revenue each year. The technology company earns $-88,740,000.00 in net income (profit) each year or ($0.69) on an earnings per share basis. 8X8 employs 1,497 workers across the globe.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 O`Nel Drive, San Jose CA, 95131. The technology company can be reached via phone at 408-727-1885 or via email at [email protected]


MarketBeat Community Rating for 8X8 (NYSE EGHT)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  393 (Vote Outperform)
Underperform Votes:  377 (Vote Underperform)
Total Votes:  770
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 12/15/2019 by MarketBeat.com Staff

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