Contrasting 8X8 (EGHT) and The Competition

8X8 (NASDAQ:EGHTGet Rating) is one of 138 publicly-traded companies in the “Data processing & preparation” industry, but how does it compare to its competitors? We will compare 8X8 to related companies based on the strength of its risk, profitability, valuation, analyst recommendations, dividends, institutional ownership and earnings.

Insider and Institutional Ownership

92.7% of 8X8 shares are held by institutional investors. Comparatively, 52.1% of shares of all “Data processing & preparation” companies are held by institutional investors. 2.2% of 8X8 shares are held by company insiders. Comparatively, 18.3% of shares of all “Data processing & preparation” companies are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

Valuation & Earnings

This table compares 8X8 and its competitors revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
8X8 $532.34 million -$165.59 million -6.96
8X8 Competitors $895.80 million -$7.71 million -16.84

8X8’s competitors have higher revenue and earnings than 8X8. 8X8 is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.

Profitability

This table compares 8X8 and its competitors’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
8X8 -29.07% -96.59% -20.38%
8X8 Competitors -38.57% -1,498.74% -5.63%

Volatility & Risk

8X8 has a beta of 1.09, indicating that its share price is 9% more volatile than the S&P 500. Comparatively, 8X8’s competitors have a beta of 1.39, indicating that their average share price is 39% more volatile than the S&P 500.

Analyst Recommendations

This is a summary of current recommendations for 8X8 and its competitors, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
8X8 0 0 0 0 N/A
8X8 Competitors 742 3233 4975 99 2.49

As a group, “Data processing & preparation” companies have a potential upside of 50.30%. Given 8X8’s competitors higher possible upside, analysts clearly believe 8X8 has less favorable growth aspects than its competitors.

Summary

8X8 competitors beat 8X8 on 6 of the 9 factors compared.

8X8 Company Profile (Get Rating)

8×8, 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 8×8 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; 8×8 Contact Center, a multi-channel cloud-based contact center solution; and 8×8 Meet, 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 8×8 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'; 8×8 CPaaS, a set of global communications Platform-as-a-Service; and X1 through X4 and X5 through X8, which provide enterprise-grade voice, unified communications, and video meetings and team collaboration, and contact centre solutions. The company 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. 8×8, Inc. was incorporated in 1987 and is headquartered in Campbell, California.

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