8X8 (NASDAQ:EGHT - Get Free Report) announced its earnings results on Tuesday. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.01 by $0.03, Zacks reports. 8X8 had a negative return on equity of 1.45% and a negative net margin of 6.33%. 8X8 updated its FY 2025 guidance to EPS and its Q4 2025 guidance to EPS.
8X8 Stock Performance
Shares of EGHT traded down $0.09 on Friday, reaching $2.75. 1,535,800 shares of the company's stock traded hands, compared to its average volume of 914,121. The stock's 50 day simple moving average is $2.79 and its two-hundred day simple moving average is $2.44. The stock has a market cap of $362.15 million, a PE ratio of -7.64, a PEG ratio of 24.40 and a beta of 1.66. 8X8 has a 52-week low of $1.51 and a 52-week high of $3.41. The company has a current ratio of 1.25, a quick ratio of 1.18 and a debt-to-equity ratio of 3.08.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on EGHT shares. B. Riley reaffirmed a "buy" rating and set a $4.00 target price (down previously from $7.00) on shares of 8X8 in a research note on Thursday, October 24th. Rosenblatt Securities decreased their price objective on 8X8 from $3.50 to $3.30 and set a "buy" rating for the company in a report on Monday, February 3rd. Wells Fargo & Company increased their target price on 8X8 from $1.50 to $2.00 and gave the stock an "underweight" rating in a report on Tuesday, November 5th. Weiss Ratings restated a "sell (d-)" rating on shares of 8X8 in a research note on Saturday, February 1st. Finally, Wedbush raised shares of 8X8 to a "hold" rating in a research report on Thursday, October 17th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $2.99.
Check Out Our Latest Research Report on EGHT
8X8 Company Profile
(
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8x8, Inc engages in the provision of enterprise communication solutions. It offers solutions to the business services, education, financial services, government, healthcare, and manufacturing industries. The company was founded in February 1987 and is headquartered in Campbell, CA.
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