8X8 (NASDAQ:EGHT) Announces Earnings Results

8X8 (NASDAQ:EGHT - Get Free Report) announced its quarterly earnings results on Monday. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01, Briefing.com reports. 8X8 had a negative net margin of 8.65% and a negative return on equity of 6.51%. The firm had revenue of $181.00 million for the quarter, compared to analysts' expectations of $178.38 million. During the same quarter in the previous year, the company posted $0.02 EPS. The company's revenue was down 2.2% compared to the same quarter last year. 8X8 updated its FY 2025 guidance to EPS and its Q3 2025 guidance to EPS.

8X8 Stock Up 18.5 %

Shares of 8X8 stock traded up $0.43 on Tuesday, reaching $2.75. 4,344,309 shares of the company were exchanged, compared to its average volume of 1,197,880. The stock's 50 day moving average price is $1.96 and its 200-day moving average price is $2.26. The company has a debt-to-equity ratio of 3.93, a current ratio of 1.50 and a quick ratio of 1.50. 8X8 has a 1-year low of $1.51 and a 1-year high of $3.92. The company has a market cap of $352.91 million, a P/E ratio of -5.70 and a beta of 1.54.

Analysts Set New Price Targets

Several analysts have recently weighed in on EGHT shares. B. Riley reissued a "buy" rating and issued a $4.00 price target (down previously from $7.00) on shares of 8X8 in a research note on Thursday, October 24th. Barclays lifted their target price on shares of 8X8 from $2.00 to $2.50 and gave the company an "equal weight" rating in a report on Tuesday. StockNews.com raised 8X8 from a "hold" rating to a "buy" rating in a research note on Monday. Wedbush raised 8X8 to a "hold" rating in a research note on Thursday, October 17th. Finally, Mizuho boosted their price target on shares of 8X8 from $2.50 to $2.75 and gave the stock a "neutral" rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, 8X8 has an average rating of "Hold" and an average target price of $2.82.

8X8 Company Profile

8x8, Inc provides voice, video, chat, contact center, and enterprise-class application programmable interface (API) Software-as-a-Service solutions for small business, mid-market, enterprise customers, government agencies, and other organizations worldwide. It offers 8x8 Work, a self-contained end-to-end united communications solution that delivers voice services, secure video meetings, and unified messaging, including direct messages, public and private team messaging rooms, and peer-to-peer short and multimedia messaging; 8x8 Contact Center, a cloud-based contact center as-a-service solution; and 8x8 Engage, an artificial intelligence-powered solution that equips customer-facing employees outside the contact center with the tools and capabilities to deliver successful customer engagements.