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

$20.17
-0.64 (-3.08 %)
(As of 02/21/2020 04:00 PM ET)
Today's Range
$19.95
Now: $20.17
$20.81
50-Day Range
$18.46
MA: $19.75
$21.28
52-Week Range
$16.62
Now: $20.17
$26.67
Volume1.08 million shs
Average Volume1.27 million shs
Market Capitalization$2.07 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.58
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$2.14 per share

Profitability

Net Income$-88,740,000.00

Miscellaneous

Employees1,497
Market Cap$2.07 billion
Next Earnings Date5/12/2020 (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) released its quarterly earnings data on Tuesday, February, 4th. The technology company reported ($0.17) earnings per share (EPS) for the quarter, hitting the Thomson Reuters' consensus estimate of ($0.17). The technology company earned $118.57 million during the quarter, compared to analysts' expectations of $114.11 million. 8X8 had a negative return on equity of 49.59% and a negative net margin of 35.94%. The business's quarterly revenue was up 31.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.06) EPS. View 8X8's Earnings History.

When is 8X8's next earnings date?

8X8 is scheduled to release their next quarterly earnings announcement on Tuesday, May 12th 2020. View Earnings Estimates for 8X8.

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

8X8 issued an update on its FY 2020 After-Hours earnings guidance on Tuesday, February, 4th. The company provided EPS guidance of for the period. The company issued revenue guidance of $444-444 million, compared to the consensus revenue estimate of $439.84 million.

What price target have analysts set for EGHT?

14 brokerages have issued 1 year price objectives for 8X8's shares. Their forecasts range from $18.50 to $30.00. On average, they expect 8X8's share price to reach $24.11 in the next year. This suggests a possible upside of 19.5% from the stock's current price. View Analyst Price Targets for 8X8.

What is the consensus analysts' recommendation for 8X8?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for 8X8 in the last year. There are currently 1 sell rating, 6 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for 8X8.

Has 8X8 been receiving favorable news coverage?

Media stories about EGHT stock have been trending neutral on Saturday, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. 8X8 earned a media sentiment score of 0.1 on InfoTrie's scale. They also assigned media coverage about the technology company a news buzz of 2.0 out of 10, meaning that recent media coverage is very unlikely to have an impact on the stock's share price in the near term. View News Stories 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), Actinium Pharmaceuticals (ATNM), AT&T (T), Intel (INTC), Advanced Micro Devices (AMD), Netflix (NFLX), Alibaba Group (BABA), Cisco Systems (CSCO), NVIDIA (NVDA) 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 variety of of retail and institutional investors. Top institutional shareholders include Sylebra Capital Ltd (4.99%), First Trust Advisors LP (4.17%), Westfield Capital Management Co. LP (3.00%), Barclays PLC (2.95%), UBS Group AG (2.77%) and State Street Corp (2.82%). Company insiders that own 8X8 stock include Darren J Hakeman, Dejan Deklich, Ian Potter 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 Point72 Asset Management L.P., Alyeska Investment Group L.P., Kornitzer Capital Management Inc. KS, Prospect Capital Advisors LLC, Arizona State Retirement System, Barclays PLC, Russell Investments Group Ltd. and Public Sector Pension Investment Board. View Insider Buying and Selling for 8X8.

Which institutional investors are buying 8X8 stock?

EGHT stock was bought by a variety of institutional investors in the last quarter, including Westfield Capital Management Co. LP, Sylebra Capital Ltd, UBS Group AG, FIL Ltd, Citigroup Inc., First Trust Advisors LP, UBS Asset Management Americas Inc. and SG Americas Securities LLC. 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 $20.17.

How big of a company is 8X8?

8X8 has a market capitalization of $2.07 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:  2.5 out of 5 (star star half star)
Outperform Votes:  406 (Vote Outperform)
Underperform Votes:  395 (Vote Underperform)
Total Votes:  801
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 2/22/2020 by MarketBeat.com Staff

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