8X8 (EGHT) Set to Announce Earnings on Monday

8X8 (NASDAQ:EGHT - Get Free Report) is scheduled to be announcing its earnings results after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of $0.08 per share for the quarter. 8X8 has set its FY 2025 guidance at EPS and its Q2 2025 guidance at EPS.Parties interested in listening to the company's conference call can do so using this link.

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

8X8 Stock Up 2.5 %

NASDAQ EGHT traded up $0.05 during trading hours on Monday, hitting $2.04. The company's stock had a trading volume of 330,005 shares, compared to its average volume of 1,187,253. The company has a market capitalization of $261.79 million, a PE ratio of -4.08 and a beta of 1.56. 8X8 has a 52 week low of $1.51 and a 52 week high of $3.92. The company's 50-day simple moving average is $1.92 and its two-hundred day simple moving average is $2.26. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 3.93.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Rosenblatt Securities dropped their price target on shares of 8X8 from $4.00 to $3.50 and set a "buy" rating on the stock in a research report on Monday. B. Riley reaffirmed a "buy" rating and set a $4.00 price target (down from $7.00) on shares of 8X8 in a research report on Thursday. Barclays cut their price objective on 8X8 from $3.00 to $2.00 and set an "equal weight" rating on the stock in a research report on Friday, August 9th. Needham & Company LLC cut their price target on shares of 8X8 from $3.50 to $3.00 and set a "buy" rating on the stock in a report on Friday, August 9th. Finally, StockNews.com downgraded shares of 8X8 from a "buy" rating to a "hold" rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $2.93.

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.