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8X8 (EGHT) Competitors

8X8 logo
$2.84 +0.15 (+5.58%)
(As of 11/20/2024 ET)

EGHT vs. BAND, TCX, SY, ATEX, VNET, EVH, LZ, TASK, CTOS, and FVRR

Should you be buying 8X8 stock or one of its competitors? The main competitors of 8X8 include Bandwidth (BAND), Tucows (TCX), So-Young International (SY), Anterix (ATEX), VNET Group (VNET), Evolent Health (EVH), LegalZoom.com (LZ), TaskUs (TASK), Custom Truck One Source (CTOS), and Fiverr International (FVRR).

8X8 vs.

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

68.5% of Bandwidth shares are owned by institutional investors. Comparatively, 94.0% of 8X8 shares are owned by institutional investors. 6.2% of Bandwidth shares are owned by insiders. Comparatively, 1.2% of 8X8 shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Bandwidth presently has a consensus target price of $28.33, indicating a potential upside of 57.49%. 8X8 has a consensus target price of $2.82, indicating a potential downside of 0.65%. Given Bandwidth's stronger consensus rating and higher probable upside, analysts clearly believe Bandwidth is more favorable than 8X8.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Bandwidth
1 Sell rating(s)
2 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.43
8X8
2 Sell rating(s)
3 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.13

Bandwidth received 398 more outperform votes than 8X8 when rated by MarketBeat users. Likewise, 58.40% of users gave Bandwidth an outperform vote while only 55.32% of users gave 8X8 an outperform vote.

CompanyUnderperformOutperform
BandwidthOutperform Votes
424
58.40%
Underperform Votes
302
41.60%
8X8Outperform Votes
26
55.32%
Underperform Votes
21
44.68%

Bandwidth has a beta of 1.5, indicating that its stock price is 50% more volatile than the S&P 500. Comparatively, 8X8 has a beta of 1.54, indicating that its stock price is 54% more volatile than the S&P 500.

Bandwidth has higher earnings, but lower revenue than 8X8. Bandwidth 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
Bandwidth$601.12M0.82-$16.34M-$0.93-19.34
8X8$719.56M0.52-$67.59M-$0.55-5.16

In the previous week, Bandwidth had 4 more articles in the media than 8X8. MarketBeat recorded 8 mentions for Bandwidth and 4 mentions for 8X8. 8X8's average media sentiment score of 0.74 beat Bandwidth's score of 0.30 indicating that 8X8 is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Bandwidth
2 Very Positive mention(s)
1 Positive mention(s)
2 Neutral mention(s)
3 Negative mention(s)
0 Very Negative mention(s)
Neutral
8X8
1 Very Positive mention(s)
1 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Bandwidth has a net margin of -2.23% compared to 8X8's net margin of -9.68%. Bandwidth's return on equity of -0.89% beat 8X8's return on equity.

Company Net Margins Return on Equity Return on Assets
Bandwidth-2.23% -0.89% -0.26%
8X8 -9.68%-6.00%-0.83%

Summary

Bandwidth beats 8X8 on 12 of the 18 factors compared between the two stocks.

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$371.08M$4.34B$24.07B$8.82B
Dividend YieldN/A3.08%2.79%4.07%
P/E Ratio-5.1634.46258.1417.81
Price / Sales0.525.213,506.6774.57
Price / Cash4.1330.1632.8932.53
Price / Book3.426.177.414.68
Net Income-$67.59M$42.17M$667.83M$226.08M
7 Day Performance-1.05%-1.55%0.21%-1.04%
1 Month Performance40.59%3.18%0.76%1.04%
1 Year Performance-2.74%7.83%18.79%26.28%

8X8 Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
EGHT
8X8
2.1736 of 5 stars
$2.84
+5.6%
$2.82
-0.7%
-10.4%$351.48M$728.71M-5.161,948
BAND
Bandwidth
4.3297 of 5 stars
$17.99
+0.2%
$28.33
+57.5%
+51.6%$494.91M$601.12M-19.341,100
TCX
Tucows
0.3315 of 5 stars
$15.80
-2.2%
N/A-26.0%$177.73M$339.34M0.001,129
SY
So-Young International
1.5567 of 5 stars
$0.83
-6.7%
$0.80
-3.6%
-35.2%$91.90M$210.99M20.761,357News Coverage
ATEX
Anterix
3.7847 of 5 stars
$33.08
-0.3%
$68.00
+105.6%
+2.7%$617.94M$4.19M0.0070Short Interest ↓
VNET
VNET Group
1.8869 of 5 stars
$3.76
+1.6%
$3.97
+5.5%
+36.7%$952.37M$1.04B0.003,038
EVH
Evolent Health
3.5821 of 5 stars
$11.29
-5.5%
$28.90
+156.0%
-61.3%$1.39B$1.96B0.004,700Analyst Forecast
LZ
LegalZoom.com
2.3401 of 5 stars
$7.63
+1.2%
$8.67
+13.6%
-33.2%$1.30B$660.73M58.701,190
TASK
TaskUs
1.7046 of 5 stars
$14.30
+0.9%
$16.43
+14.9%
+14.2%$1.27B$924.36M24.2448,200
CTOS
Custom Truck One Source
1.0469 of 5 stars
$5.18
+2.4%
$5.63
+8.6%
-8.8%$1.18B$1.87B0.002,580
FVRR
Fiverr International
1.3205 of 5 stars
$30.69
+1.1%
$31.60
+3.0%
+27.9%$1.17B$361.38M118.04790

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This page (NASDAQ:EGHT) was last updated on 11/21/2024 by MarketBeat.com Staff
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