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NASDAQ:EGHT

8X8 (EGHT) Stock Price, News & Analysis

8X8 logo
$2.20
-0.03 (-1.35%)
(As of 11/1/2024 ET)

About 8X8 Stock (NASDAQ:EGHT)

Key Stats

Today's Range
$2.17
$2.25
50-Day Range
$1.75
$2.23
52-Week Range
$1.51
$3.92
Volume
1.15 million shs
Average Volume
1.18 million shs
Market Capitalization
$282.33 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$2.93
Consensus Rating
Hold

Company Overview

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. The company also provides 8x8 Communications Platform as-a-Service, a communications platform-as-a-service capabilities that enable businesses to directly integrate its platform services within their websites, mobile apps, and business systems for personalized customer engagement; and Solutions for Microsoft Teams. In addition, it offers and X1 through X4 and X5 through X8, which provide enterprise-grade voice, unified communications, and video meetings and team collaboration, and contact center solutions. The company markets its services to end users through industry conferences, trade shows, webinars, and local and digital advertising channels. 8x8, Inc. was incorporated in 1987 and is headquartered in Campbell, California.

8X8 Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
50th Percentile Overall Score

EGHT MarketRank™: 

8X8 scored higher than 50% of companies evaluated by MarketBeat, and ranked 301st out of 667 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    8X8 has received a consensus rating of Hold. The company's average rating score is 2.14, and is based on 3 buy ratings, 2 hold ratings, and 2 sell ratings.

  • Amount of Analyst Coverage

    8X8 has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about 8X8's stock forecast and price target.
  • Earnings Growth

    Earnings for 8X8 are expected to grow in the coming year, from ($0.09) to ($0.01) per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of 8X8 is -4.40, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of 8X8 is -4.40, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    8X8 has a P/B Ratio of 2.65. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about 8X8's valuation and earnings.
  • Percentage of Shares Shorted

    7.08% of the outstanding shares of 8X8 have been sold short.
  • Short Interest Ratio / Days to Cover

    8X8 has a short interest ratio ("days to cover") of 9.4.
  • Change versus previous month

    Short interest in 8X8 has recently decreased by 3.81%, indicating that investor sentiment is improving.
  • Dividend Yield

    8X8 does not currently pay a dividend.

  • Dividend Growth

    8X8 does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    7.08% of the outstanding shares of 8X8 have been sold short.
  • Short Interest Ratio / Days to Cover

    8X8 has a short interest ratio ("days to cover") of 9.4.
  • Change versus previous month

    Short interest in 8X8 has recently decreased by 3.81%, indicating that investor sentiment is improving.
  • News Sentiment

    8X8 has a news sentiment score of 0.13. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.46 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 14 news articles for 8X8 this week, compared to 3 articles on an average week.
  • Search Interest

    11 people have searched for EGHT on MarketBeat in the last 30 days. This is an increase of 450% compared to the previous 30 days.
  • MarketBeat Follows

    3 people have added 8X8 to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, 8X8 insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $17,353.00 in company stock.

  • Percentage Held by Insiders

    Only 1.22% of the stock of 8X8 is held by insiders.

  • Percentage Held by Institutions

    93.99% of the stock of 8X8 is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about 8X8's insider trading history.
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EGHT Stock News Headlines

Contrasting 8X8 (NASDAQ:EGHT) and CooTek (Cayman) (NYSE:CTK)
Sell NVDA Now?
Guess who's selling NVDA next The most successful hedge fund in history quietly sold 500,000 shares. Here's what that means for your money. Billionaire Wall Street investors are quietly offloading millions of shares. What do they know that you don't? It's arguably the most popular stock in the world. Now, one 50-year Wall Street legend says its day in the sun could finally be coming to an end. Last year, he warned of two stocks that went on to crash 60%.
8x8, Inc. (NASDAQ:EGHT) Receives $2.93 Average PT from Brokerages
Rosenblatt Securities Cuts 8X8 (NASDAQ:EGHT) Price Target to $3.50
B. Riley Brokers Reduce Earnings Estimates for 8X8
8X8 (NASDAQ:EGHT) Rating Lowered to Hold at StockNews.com
See More Headlines

EGHT Stock Analysis - Frequently Asked Questions

8X8's stock was trading at $3.78 at the beginning of 2024. Since then, EGHT shares have decreased by 41.8% and is now trading at $2.20.
View the best growth stocks for 2024 here
.

8x8, Inc. (NASDAQ:EGHT) released 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 firm's revenue was down 5.7% compared to the same quarter last year.

8X8's top institutional shareholders include Impax Asset Management Group plc (2.10%), Perkins Capital Management Inc. (0.12%), SG Americas Securities LLC (0.03%) and Creative Planning (0.03%). Insiders that own company stock include Kevin Kraus, Hunter Middleton, Suzy M Seandel, Laurence Denny and Eric Salzman.
View institutional ownership trends
.

Shares of EGHT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that 8X8 investors own include Humana (HUM), American Water Works (AWK), Voyager Therapeutics (VYGR), Waste Connections (WCN), The RMR Group (RMR), DiamondRock Hospitality (DRH) and AUO (AUOTY).

Company Calendar

Last Earnings
8/07/2024
Today
11/02/2024
Next Earnings (Confirmed)
11/04/2024
Fiscal Year End
3/31/2025

Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
Business Services
Current Symbol
NASDAQ:EGHT
Employees
1,948
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$2.67
High Stock Price Target
$4.00
Low Stock Price Target
$1.50
Potential Upside/Downside
+33.1%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
7 Analysts

Profitability

Net Income
$-67,590,000.00
Pretax Margin
-8.25%

Debt

Sales & Book Value

Annual Sales
$728.71 million
Cash Flow
$0.69 per share
Book Value
$0.83 per share

Miscellaneous

Free Float
126,764,000
Market Cap
$282.33 million
Optionable
Optionable
Beta
1.56
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This page (NASDAQ:EGHT) was last updated on 11/2/2024 by MarketBeat.com Staff
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