Wedbush Predicts 8X8's Q2 Earnings (NASDAQ:EGHT)

8x8, Inc. (NASDAQ:EGHT - Free Report) - Equities researchers at Wedbush issued their Q2 2025 earnings per share estimates for shares of 8X8 in a report issued on Thursday, October 17th. Wedbush analyst D. Ives expects that the company will earn ($0.02) per share for the quarter. Wedbush has a "Hold" rating on the stock. The consensus estimate for 8X8's current full-year earnings is ($0.08) per share. Wedbush also issued estimates for 8X8's Q3 2025 earnings at ($0.01) EPS, Q4 2025 earnings at ($0.02) EPS, FY2025 earnings at ($0.09) EPS, Q1 2026 earnings at $0.01 EPS, Q2 2026 earnings at $0.00 EPS, Q3 2026 earnings at $0.01 EPS, Q4 2026 earnings at $0.01 EPS and FY2026 earnings at $0.02 EPS.

Several other research firms have also recently weighed in on EGHT. Barclays lowered their price objective on shares of 8X8 from $3.00 to $2.00 and set an "equal weight" rating on the stock in a research report on Friday, August 9th. Rosenblatt Securities reissued a "buy" rating and set a $4.00 price objective on shares of 8X8 in a report on Thursday, August 22nd. Needham & Company LLC reduced their price target on shares of 8X8 from $3.50 to $3.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. Finally, StockNews.com upgraded shares of 8X8 from a "hold" rating to a "buy" rating in a report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $2.83.

8X8 Price Performance

EGHT traded up $0.04 on Monday, reaching $2.02. The company had a trading volume of 341,261 shares, compared to its average volume of 1,208,356. The company has a debt-to-equity ratio of 3.93, a quick ratio of 1.50 and a current ratio of 1.50. 8X8 has a 52-week low of $1.51 and a 52-week high of $3.92. The company has a market cap of $253.26 million, a price-to-earnings ratio of -3.60 and a beta of 1.56. The business has a 50 day simple moving average of $1.88 and a 200 day simple moving average of $2.28.

8X8 (NASDAQ:EGHT - Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by ($0.01). The business had revenue of $172.80 million during the quarter, compared to the consensus estimate of $178.90 million. 8X8 had a negative return on equity of 6.51% and a negative net margin of 8.65%. 8X8's revenue was down 5.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.04) earnings per share.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Virtu Financial LLC bought a new stake in 8X8 in the 4th quarter worth $168,000. Principal Financial Group Inc. raised its position in 8X8 by 146.3% during the 1st quarter. Principal Financial Group Inc. now owns 165,517 shares of the company's stock valued at $447,000 after purchasing an additional 98,308 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in 8X8 during the 1st quarter valued at approximately $229,000. BNP Paribas Financial Markets grew its position in shares of 8X8 by 77.4% in the 1st quarter. BNP Paribas Financial Markets now owns 166,619 shares of the company's stock worth $450,000 after buying an additional 72,707 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of 8X8 during the first quarter valued at approximately $732,000. Institutional investors own 93.99% of the company's stock.

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.