Should I buy or sell 8X8 stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for 8X8 in the last twelve months. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" EGHT shares. View EGHT analyst ratings or view top-rated stocks .

What is 8X8's stock price target for 2024?

6 brokers have issued 1 year price targets for 8X8's stock. Their EGHT share price targets range from $2.50 to $5.00. On average, they expect the company's stock price to reach $3.68 in the next year. This suggests a possible upside of 65.0% from the stock's current price. View analysts price targets for EGHT or view top-rated stocks among Wall Street analysts .

How have EGHT shares performed in 2024?

8X8's stock was trading at $3.78 at the start of the year. Since then, EGHT shares have decreased by 41.0% and is now trading at $2.23. View the best growth stocks for 2024 here .

Are investors shorting 8X8?

8X8 saw a drop in short interest in March. As of March 31st, there was short interest totaling 15,080,000 shares, a drop of 6.5% from the March 15th total of 16,120,000 shares. Based on an average daily volume of 1,520,000 shares, the short-interest ratio is presently 9.9 days. View 8X8's Short Interest .

When is 8X8's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024. View our EGHT earnings forecast .

How were 8X8's earnings last quarter?

8x8, Inc. (NASDAQ:EGHT) posted its quarterly earnings data on Tuesday, August, 8th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by $0.01. The company earned $183.30 million during the quarter, compared to analyst estimates of $187.09 million. 8X8 had a negative trailing twelve-month return on equity of 5.89% and a negative net margin of 7.28%. The firm's quarterly revenue was down 2.3% on a year-over-year basis. During the same period last year, the company earned ($0.14) earnings per share.

What ETFs hold 8X8's stock?

ETFs with the largest weight of 8X8 (NASDAQ:EGHT) stock in their portfolio include Global X Education ETF (EDUT) . Direxion Work From Home ETF (WFH) .

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

8X8 updated its fourth quarter 2024 earnings guidance on Wednesday, January, 31st. The company provided EPS guidance of for the period. The company issued revenue guidance of $176.0 million-$181.0 million, compared to the consensus revenue estimate of $185.8 million.

How do I buy shares of 8X8?

Shares of EGHT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:EGHT

8X8 (EGHT) Stock Price, News & Analysis

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$2.18

-0.05 (-2.24%)

(As of 01:57 PM ET)

Compare

Today's Range: $2.17
▼
$2.26
50-Day Range: $2.23
▼
$3.15
52-Week Range: $2.15
▼
$4.88

Volume: 465,613 shs
Average Volume: 1.46 million shs
Market Capitalization: $269.06 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $3.72

Get 8X8 alerts:

8X8 MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 65.0% Upside
$3.68 Price Target
Short Interest: Healthy
12.22% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.60
Based on 14 Articles This Week
Insider Trading: Selling Shares
$81,979 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.06) to ($0.02) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.33 out of 5 stars

Computer And Technology Sector

373rd out of 584 stocks

Data Processing & Preparation Industry

30th out of 59 stocks

3.3

Analyst's Opinion

Consensus Rating
8X8 has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings.
Amount of Analyst Coverage
8X8 has only been the subject of 3 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
12.22% of the outstanding shares of 8X8 have been sold short.
Short Interest Ratio / Days to Cover
8X8 has a short interest ratio ("days to cover") of 9.9.
Change versus previous month
Short interest in 8X8 has recently decreased by 6.45%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
8X8 does not currently pay a dividend.
Dividend Growth
8X8 does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for EGHT.

2.6

News and Social Media Coverage

News Sentiment
8X8 has a news sentiment score of 0.60. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.48 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 14 news articles for 8X8 this week, compared to 4 articles on an average week.
Search Interest
Only 5 people have searched for EGHT on MarketBeat in the last 30 days. This is a decrease of -29% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, 8X8 insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $81,979.00 in company stock.
Percentage Held by Insiders
Only 1.08% of the stock of 8X8 is held by insiders.
Percentage Held by Institutions
93.99% of the stock of 8X8 is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for 8X8 are expected to grow in the coming year, from ($0.06) to ($0.02) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of 8X8 is -5.07, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of 8X8 is -5.07, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
8X8 has a P/B Ratio of 2.53. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About 8X8 Stock (NASDAQ:EGHT)

8x8, 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 provides 8x8 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, as well as direct messages, public and private team messaging rooms, and short and multimedia services; 8x8 Contact Center, a multi-channel cloud-based contact center solution; and 8x8 CPaaS, a set of global communications Platform-as-a-Service. The company also offers and X1 through X4 and X5 through X8, which provide enterprise-grade voice, unified communications, and video meetings and team collaboration, and contact center solutions. It markets its services to end users through industry conferences, trade shows, Webinars, and digital advertising channels. The company was incorporated in 1987 and is headquartered in Campbell, California.

EGHT Stock Price History

30 days | 90 days | 365 days | Advanced Chart

EGHT Stock News Headlines

April 18, 2024 | insidertrades.com

Insider Selling: 8x8, Inc. (NASDAQ:EGHT) CAO Sells 7,256 Shares of Stock

March 20, 2024 | insidertrades.com

8x8, Inc. (NASDAQ:EGHT) CEO Sells $36,548.40 in Stock

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Big Banks have declared war on your wallet. But it's not too late to fight back. Discover how to protect your assets from their latest maneuver.

April 18, 2024 | americanbankingnews.com

8x8, Inc. (NASDAQ:EGHT) Short Interest Down 6.5% in March

April 16, 2024 | businesswire.com

8x8 Launches Operator Connect for Microsoft Teams to Streamline Reliable Telephony Deployment and Adoption for Organizations Using Teams

April 15, 2024 | markets.businessinsider.com

Analysts Offer Insights on Technology Companies: Zscaler (ZS) and 8X8 (EGHT)

April 13, 2024 | americanbankingnews.com

8x8, Inc. (NASDAQ:EGHT) Receives Average Rating of "Moderate Buy" from Analysts

March 21, 2024 | investing.com

8x8 Inc executive sells over $26k in company stock

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Exposed: How Big Banks Plan to Chain Your Wealth with Digital Dollars

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March 19, 2024 | finance.yahoo.com

8x8 Receives Multiple Awards for Continued Innovation

March 18, 2024 | markets.businessinsider.com

In-Depth Examination Of 4 Analyst Recommendations For 8x8

March 16, 2024 | investorplace.com

Diamonds in the Dust: 3 Penny Stocks Set to Soar 500% by 2026

March 10, 2024 | finance.yahoo.com

EGHT Aug 2024 2.500 put

March 5, 2024 | businesswire.com

King Power Corporation Drives Operational Cost Reduction and Enhanced Customer Experiences with 8x8

February 29, 2024 | businesswire.com

8x8, Inc. Announces Participation in Upcoming Investor Events

February 29, 2024 | stockhouse.com

8x8 Launches 8x8 Engage(TM) to Bridge Customer Experience Journey Gaps Across an Organization

February 29, 2024 | finance.yahoo.com

8x8 Launches 8x8 Engage™ to Bridge Customer Experience Journey Gaps Across an Organization

February 28, 2024 | finance.yahoo.com

Proactive Outreach for 8x8 Contact Center Enhances Customer Engagement with Highly Personalized Messaging Campaigns

February 28, 2024 | businesswire.com

Proactive Outreach for 8x8 Contact Center Enhances Customer Engagement with Highly Personalized Messaging Campaigns

February 24, 2024 | msn.com

8x8 (EGHT) Price Target Increased by 6.87% to 4.36

February 21, 2024 | benzinga.com

8x8 Stock (NASDAQ:EGHT) Earnings Dates and Earning Calls

February 21, 2024 | benzinga.com

8x8 Stock (NASDAQ:EGHT) Earnings Dates and Earning Calls

February 20, 2024 | businesswire.com

8x8, Inc. Issues New Employee Inducement Grants

February 4, 2024 | finance.yahoo.com

8x8, Inc. (NASDAQ:EGHT) Just Released Its Third-Quarter Earnings: Here's What Analysts Think

February 3, 2024 | markets.businessinsider.com

Balancing Act: Positive Profitability Amidst Revenue Challenges for 8X8

February 1, 2024 | finance.yahoo.com

Is It Time to Give Up on This Cloud-Based Communications Expert?

February 1, 2024 | finance.yahoo.com

8x8 Inc (EGHT) Reports Mixed Fiscal Q3 2024 Results Amidst Continued Product Innovation

See More Headlines

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Company Calendar

Last Earnings: 8/08/2023
Today: 4/18/2024
Next Earnings (Estimated): 5/09/2024
Fiscal Year End: 3/31/2025

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Data processing & preparation
Sub-Industry: N/A
Current Symbol: NASDAQ:EGHT
CUSIP: N/A
CIK: 1023731
Web: www.8x8.com
Phone: (408) 727-1885
Fax: 408-727-1885
Employees: 1,921
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $3.72
High Stock Price Target: $5.00
Low Stock Price Target: $2.50
Potential Upside/Downside: +66.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.44)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-73,140,000.00
Net Margins: -7.28%
Pretax Margin: -6.83%
Return on Equity: -5.89%
Return on Assets: -0.75%

Debt

Debt-to-Equity Ratio: 3.73
Current Ratio: 1.31
Quick Ratio: 1.31

Sales & Book Value

Annual Sales: $733.82 million
Price / Sales: 0.38
Cash Flow: $0.37 per share
Price / Cash Flow: 6.00
Book Value: $0.88 per share
Price / Book: 2.53

Miscellaneous

Outstanding Shares: 123,421,000
Free Float: 122,088,000
Market Cap: $275.23 million
Optionable: Optionable
Beta: 1.46

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Key Executives

Mr. Samuel C. Wilson
CEO & Director
Mr. Kevin Kraus
Chief Financial Officer
Ms. Suzy Seandel
Senior VP & Chief Accounting Officer
Mr. Laurence Denny
Chief Legal Officer & Corporate Secretary
Dr. Hunter Middleton Ph.D. (Age 57)
Chief Product Officer & Chief Innovation Officer
Comp: $589.84k
Mr. Bryan R. Martin (Age 56)
Chief Technology Officer
Ms. Kate Patterson
Vice President of Investor Relations
Mr. Bruno Bertini
Chief Marketing Officer
Dr. Jeanette Winters
Chief Human Resources Officer
Mr. Mehdi Salour (Age 48)
Senior Vice President of Global Network & Development Operations
Comp: $213.94k

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

EGHT Stock Analysis - Frequently Asked Questions

Should I buy or sell 8X8 stock right now?: 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for 8X8 in the last twelve months. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" EGHT shares.
View EGHT analyst ratings or view top-rated stocks.
What is 8X8's stock price target for 2024?: 6 brokers have issued 1 year price targets for 8X8's stock. Their EGHT share price targets range from $2.50 to $5.00. On average, they expect the company's stock price to reach $3.68 in the next year. This suggests a possible upside of 65.0% from the stock's current price.
View analysts price targets for EGHT or view top-rated stocks among Wall Street analysts.
How have EGHT shares performed in 2024?: 8X8's stock was trading at $3.78 at the start of the year. Since then, EGHT shares have decreased by 41.0% and is now trading at $2.23.
View the best growth stocks for 2024 here.
Are investors shorting 8X8?: 8X8 saw a drop in short interest in March. As of March 31st, there was short interest totaling 15,080,000 shares, a drop of 6.5% from the March 15th total of 16,120,000 shares. Based on an average daily volume of 1,520,000 shares, the short-interest ratio is presently 9.9 days.
View 8X8's Short Interest.
When is 8X8's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our EGHT earnings forecast.

How were 8X8's earnings last quarter?: 8x8, Inc. (NASDAQ:EGHT) posted its quarterly earnings data on Tuesday, August, 8th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by $0.01. The company earned $183.30 million during the quarter, compared to analyst estimates of $187.09 million. 8X8 had a negative trailing twelve-month return on equity of 5.89% and a negative net margin of 7.28%. The firm's quarterly revenue was down 2.3% on a year-over-year basis. During the same period last year, the company earned ($0.14) earnings per share.
What ETFs hold 8X8's stock?: ETFs with the largest weight of 8X8 (NASDAQ:EGHT) stock in their portfolio include Global X Education ETF (EDUT).Direxion Work From Home ETF (WFH).
What guidance has 8X8 issued on next quarter's earnings?: 8X8 updated its fourth quarter 2024 earnings guidance on Wednesday, January, 31st. The company provided EPS guidance of for the period. The company issued revenue guidance of $176.0 million-$181.0 million, compared to the consensus revenue estimate of $185.8 million.
How do I buy shares of 8X8?: Shares of EGHT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:EGHT) was last updated on 4/18/2024 by MarketBeat.com Staff

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8X8 (EGHT) Stock Price, News & Analysis

8X8 MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

Company Ownership

Earnings and Valuation

About 8X8 Stock (NASDAQ:EGHT)

EGHT Stock Price History

EGHT Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

EGHT Stock Analysis - Frequently Asked Questions

Overall MarketRank^™