Contrasting 8X8 (EGHT) and Its Competitors

8X8 (NASDAQ:EGHT – Get Rating) is one of 139 publicly-traded companies in the “Data processing & preparation” industry, but how does it weigh in compared to its rivals? We will compare 8X8 to related businesses based on the strength of its dividends, valuation, institutional ownership, analyst recommendations, earnings, risk and profitability.

Analyst Recommendations

This is a summary of current ratings and target prices for 8X8 and its rivals, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
8X8	0	0	0	0	N/A
8X8 Competitors	746	3245	4983	99	2.49

As a group, “Data processing & preparation” companies have a potential upside of 49.63%. Given 8X8’s rivals higher possible upside, analysts clearly believe 8X8 has less favorable growth aspects than its rivals.

Volatility & Risk

8X8 has a beta of 1.09, meaning that its stock price is 9% more volatile than the S&P 500. Comparatively, 8X8’s rivals have a beta of 1.40, meaning that their average stock price is 40% more volatile than the S&P 500.

Profitability

This table compares 8X8 and its rivals’ 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	-38.27%	-1,482.34%	-5.88%

Institutional and Insider Ownership

92.7% of 8X8 shares are owned by institutional investors. Comparatively, 53.1% of shares of all “Data processing & preparation” companies are owned by institutional investors. 2.2% of 8X8 shares are owned by company insiders. Comparatively, 18.1% of shares of all “Data processing & preparation” companies are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Earnings & Valuation

This table compares 8X8 and its rivals revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
8X8	$532.34 million	-$165.59 million	-7.02
8X8 Competitors	$899.58 million	-$8.22 million	-16.24

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

Summary

8X8 rivals beat 8X8 on 6 of the 10 factors compared.

About 8X8 (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.