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NYSE:EGHT8X8 Stock Price, Forecast & News

$14.74
+0.01 (+0.07 %)
(As of 06/5/2020 04:00 PM ET)
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Today's Range
$14.45
Now: $14.74
$14.97
50-Day Range
$14.54
MA: $16.48
$20.42
52-Week Range
$10.70
Now: $14.74
$26.67
Volume1.46 million shs
Average Volume2.93 million shs
Market Capitalization$1.53 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.95
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. 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.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.2Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.67 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$446.24 million
Book Value$1.86 per share

Profitability

Net Income$-172,370,000.00

Miscellaneous

Employees1,675
Market Cap$1.53 billion
Next Earnings Date8/4/2020 (Estimated)
OptionableOptionable

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8X8 (NYSE:EGHT) Frequently Asked Questions

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

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 4.0% and is now trading at $14.74. View which stocks have been most impacted by Coronavirus.

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

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for 8X8 in the last year. There are currently 2 sell ratings, 4 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for 8X8.

When is 8X8's next earnings date?

8X8 is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for 8X8.

How were 8X8's earnings last quarter?

8x8, Inc. (NYSE:EGHT) announced its quarterly earnings data on Tuesday, May, 12th. The technology company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.02. The technology company had revenue of $121.48 million for the quarter, compared to analysts' expectations of $119.33 million. 8X8 had a negative return on equity of 57.92% and a negative net margin of 38.63%. The business's revenue was up 29.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.09) EPS. View 8X8's earnings history.

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

8X8 issued an update on its first quarter 2021 After-Hours earnings guidance on Tuesday, May, 12th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $120-121 million, compared to the consensus revenue estimate of $121.03 million.

What price target have analysts set for EGHT?

15 analysts have issued 1-year target prices for 8X8's stock. Their forecasts range from $12.00 to $30.00. On average, they expect 8X8's share price to reach $22.69 in the next twelve months. This suggests a possible upside of 54.0% from the stock's current price. View analysts' price targets for 8X8.

Has 8X8 been receiving favorable news coverage?

Media coverage about EGHT stock has trended somewhat negative this week, InfoTrie reports. The research group identifies negative and positive media coverage by analyzing more than six thousand blog and news sources. 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 media sentiment score of -1.0 on InfoTrie's scale. They also assigned news coverage about the technology company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news about8X8.

Are investors shorting 8X8?

8X8 saw a decline in short interest in May. As of May 15th, there was short interest totaling 21,030,000 shares, a decline of 5.1% from the April 30th total of 22,150,000 shares. Based on an average daily trading volume, of 1,850,000 shares, the days-to-cover ratio is currently 11.4 days. Approximately 21.3% of the shares of the company are short sold. 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), Advanced Micro Devices (AMD), Alibaba Group (BABA), Netflix (NFLX), NVIDIA (NVDA), Walt Disney (DIS), Intel (INTC) and Verizon Communications (VZ).

Who are 8X8's key executives?

8X8's management team includes the following 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)

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 investors include Sylebra Capital Ltd (8.78%), First Trust Advisors LP (4.40%), Waddell & Reed Financial Inc. (3.77%), Massachusetts Financial Services Co. MA (2.84%), Wellington Management Group LLP (1.71%) and Geode Capital Management LLC (1.34%). Company insiders that own 8X8 stock include Bryan R Martin, Darren J Hakeman, Dejan Deklich, Ian Potter, Matthew Zinn, Steven Gatoff 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 UBS Group AG, Fort Washington Investment Advisors Inc. OH, Spark Investment Management LLC, Healthcare of Ontario Pension Plan Trust Fund, Tudor Investment Corp Et Al, GSA Capital Partners LLP, Creative Planning, and Arizona State Retirement System. Company insiders that have sold 8X8 company stock in the last year include Bryan R Martin, Dejan Deklich, Matthew Zinn, and Steven Gatoff. View insider buying and selling activity for 8X8.

Which major investors are buying 8X8 stock?

EGHT stock was bought by a variety of institutional investors in the last quarter, including Sylebra Capital Ltd, Massachusetts Financial Services Co. MA, Canada Pension Plan Investment Board, Wellington Management Group LLP, Granahan Investment Management Inc. MA, First Trust Advisors LP, Waddell & Reed Financial Inc., and AGF Investments Inc.. 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 $14.74.

How big of a company is 8X8?

8X8 has a market capitalization of $1.53 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 6/7/2020 by MarketBeat.com Staff

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