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8X8 (EGHT) Competitors

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$2.94 -0.03 (-1.01%)
Closing price 01/30/2025 04:00 PM Eastern
Extended Trading
$2.90 -0.04 (-1.53%)
As of 01/30/2025 07:05 PM Eastern
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EGHT vs. QBTS, TASK, APLD, SEZL, NVEE, OLO, FVRR, CTOS, EVH, and PSFE

Should you be buying 8X8 stock or one of its competitors? The main competitors of 8X8 include D-Wave Quantum (QBTS), TaskUs (TASK), Applied Digital (APLD), Sezzle (SEZL), NV5 Global (NVEE), OLO (OLO), Fiverr International (FVRR), Custom Truck One Source (CTOS), Evolent Health (EVH), and Paysafe (PSFE). These companies are all part of the "business services" industry.

8X8 vs.

8X8 (NASDAQ:EGHT) and D-Wave Quantum (NYSE:QBTS) are both small-cap computer and technology companies, but which is the better investment? We will contrast the two businesses based on the strength of their risk, community ranking, earnings, analyst recommendations, dividends, profitability, media sentiment, institutional ownership and valuation.

8X8 currently has a consensus price target of $2.87, suggesting a potential downside of 2.33%. D-Wave Quantum has a consensus price target of $6.38, suggesting a potential upside of 13.13%. Given D-Wave Quantum's stronger consensus rating and higher possible upside, analysts clearly believe D-Wave Quantum is more favorable than 8X8.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
8X8
3 Sell rating(s)
2 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.00
D-Wave Quantum
0 Sell rating(s)
0 Hold rating(s)
6 Buy rating(s)
0 Strong Buy rating(s)
3.00

8X8 received 1 more outperform votes than D-Wave Quantum when rated by MarketBeat users. However, 86.67% of users gave D-Wave Quantum an outperform vote while only 51.92% of users gave 8X8 an outperform vote.

CompanyUnderperformOutperform
8X8Outperform Votes
27
51.92%
Underperform Votes
25
48.08%
D-Wave QuantumOutperform Votes
26
86.67%
Underperform Votes
4
13.33%

8X8 has a beta of 1.66, indicating that its stock price is 66% more volatile than the S&P 500. Comparatively, D-Wave Quantum has a beta of 1.16, indicating that its stock price is 16% more volatile than the S&P 500.

8X8 has a net margin of -9.68% compared to D-Wave Quantum's net margin of -783.28%. D-Wave Quantum's return on equity of 0.00% beat 8X8's return on equity.

Company Net Margins Return on Equity Return on Assets
8X8-9.68% -6.00% -0.83%
D-Wave Quantum -783.28%N/A -134.62%

In the previous week, D-Wave Quantum had 33 more articles in the media than 8X8. MarketBeat recorded 37 mentions for D-Wave Quantum and 4 mentions for 8X8. D-Wave Quantum's average media sentiment score of 0.58 beat 8X8's score of 0.55 indicating that D-Wave Quantum is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
8X8
0 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
1 Very Negative mention(s)
Positive
D-Wave Quantum
14 Very Positive mention(s)
5 Positive mention(s)
14 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

94.0% of 8X8 shares are owned by institutional investors. Comparatively, 42.5% of D-Wave Quantum shares are owned by institutional investors. 1.2% of 8X8 shares are owned by insiders. Comparatively, 7.2% of D-Wave Quantum shares are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

8X8 has higher revenue and earnings than D-Wave Quantum. D-Wave Quantum is trading at a lower price-to-earnings ratio than 8X8, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
8X8$728.71M0.53-$67.59M-$0.55-5.35
D-Wave Quantum$8.76M173.13-$82.71M-$0.42-13.42

Summary

D-Wave Quantum beats 8X8 on 10 of the 18 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding {thisCompany.Symbol} and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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EGHT vs. The Competition

Metric8X8Data processing & preparation IndustryComputer SectorNASDAQ Exchange
Market Cap$384.14M$4.45B$26.59B$9.11B
Dividend YieldN/A2.66%2.72%3.98%
P/E Ratio-5.3534.81236.3717.50
Price / Sales0.537.133,337.5781.92
Price / Cash3.9431.4036.0737.67
Price / Book3.546.168.444.72
Net Income-$67.59M$42.58M$673.61M$224.62M
7 Day Performance7.30%-1.56%-0.67%-0.53%
1 Month Performance8.09%0.48%1.97%3.45%
1 Year Performance-17.42%15.72%22.26%18.95%

8X8 Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
EGHT
8X8
2.324 of 5 stars
$2.94
-1.0%
$2.87
-2.3%
-17.4%$384.14M$728.71M-5.351,948Upcoming Earnings
Analyst Upgrade
Short Interest ↓
News Coverage
QBTS
D-Wave Quantum
2.7372 of 5 stars
$5.39
-11.6%
$6.38
+18.4%
+539.0%$1.45B$9.42M-12.843Short Interest ↑
Gap Up
TASK
TaskUs
1.3405 of 5 stars
$16.24
-2.4%
$17.00
+4.7%
+27.6%$1.45B$955.01M27.5348,200
APLD
Applied Digital
3.2425 of 5 stars
$6.17
-31.1%
$11.29
+82.9%
+36.7%$1.38B$165.57M-3.57121Analyst Forecast
Short Interest ↑
Gap Up
High Trading Volume
SEZL
Sezzle
4.079 of 5 stars
$220.39
-6.2%
$366.00
+66.1%
+488.6%$1.24B$159.36M23.45540Short Interest ↑
NVEE
NV5 Global
3.6773 of 5 stars
$18.91
-0.4%
$28.75
+52.1%
-32.9%$1.23B$861.74M33.614,106Positive News
OLO
OLO
1.5683 of 5 stars
$7.33
+0.6%
$8.67
+18.3%
+41.5%$1.20B$228.29M-73.24710
FVRR
Fiverr International
1.7776 of 5 stars
$30.59
-2.0%
$32.30
+5.6%
+10.8%$1.18B$361.38M117.77790Analyst Forecast
Short Interest ↓
News Coverage
CTOS
Custom Truck One Source
0.8834 of 5 stars
$5.07
-3.5%
$5.63
+11.1%
-19.6%$1.18B$1.87B-31.662,580Short Interest ↓
News Coverage
EVH
Evolent Health
1.8247 of 5 stars
$9.88
-2.2%
$18.54
+87.7%
-64.5%$1.15B$1.96B-10.854,700Analyst Forecast
Analyst Revision
PSFE
Paysafe
1.401 of 5 stars
$18.72
+3.1%
$19.50
+4.2%
+27.5%$1.14B$1.60B-49.293,200

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This page (NASDAQ:EGHT) was last updated on 1/31/2025 by MarketBeat.com Staff
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