8x8, Inc. (EGHT)

NASDAQ: EGHT · IEX Real-Time Price · USD
4.02
+0.09 (2.42%)
Mar 30, 2023, 2:42 PM EDT - Market open
2.42%
Market Cap 453.32M
Revenue (ttm) 740.78M
Net Income (ttm) -109.29M
Shares Out 113.05M
EPS (ttm) -0.94
PE Ratio n/a
Forward PE 14.25
Dividend n/a
Ex-Dividend Date n/a
Volume 414,309
Open 4.00
Previous Close 3.92
Day's Range 3.97 - 4.10
52-Week Range 2.87 - 13.48
Beta 1.31
Analysts Buy
Price Target 5.94 (+47.95%)
Earnings Date May 8, 2023

About EGHT

8x8, Inc. provides voice, video, chat, contact center, and enterprise-class application programmable interface (API) Software-as-a-Service solutions for small and mid-size businesses, mid-market and larger enterprises, government agencies, and other organizations worldwide. The company offers unified communications, team collaboration, video conferencing, contact center, data and analytics, communication APIs, and other services. It provides 8x8 Work, a self-contained end-to-end united communications solution that delivers enterprise voice with... [Read more]

Sector Technology
IPO Date Jul 2, 1997
Employees 2,216
Stock Exchange NASDAQ
Ticker Symbol EGHT
Full Company Profile

Financial Performance

In 2022, 8x8, Inc.'s revenue was $638.13 million, an increase of 19.87% compared to the previous year's $532.34 million. Losses were -$175.38 million, 5.92% more than in 2021.

Financial Statements

Analyst Forecast

According to 20 analysts, the average rating for EGHT stock is "Buy." The 12-month stock price forecast is $5.94, which is an increase of 47.95% from the latest price.

Price Target
$5.94
(47.95% upside)
Analyst Consensus: Buy
Stock Forecasts

News

8x8 Named Computing's DevOps Excellence Awards 2023 Winner for Best Automation Project

LONDON--(BUSINESS WIRE)--8x8, Inc. (NASDAQ: EGHT) announces it has been named Computing's DevOps Excellence Awards 2023 winner for Best Automation Project.

1 week ago - Business Wire

8x8 Introduces Innovative AI-Driven Platform Enhancements to Transform Customer Engagement

CAMPBELL, Calif.--(BUSINESS WIRE)--8x8, Inc.

2 weeks ago - Business Wire

8x8, Inc. Announces Upcoming Investor Events

CAMPBELL, Calif.--(BUSINESS WIRE)--8x8, Inc. (NASDAQ: EGHT) today announced investor events for the fourth fiscal quarter.

1 month ago - Business Wire

How Much Upside is Left in 8x8 (EGHT)? Wall Street Analysts Think 25.45%

The mean of analysts' price targets for 8x8 (EGHT) points to a 25.5% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in ...

1 month ago - Zacks Investment Research

8x8 (EGHT) Shows Fast-paced Momentum But Is Still a Bargain Stock

8x8 (EGHT) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made i...

1 month ago - Zacks Investment Research

8x8 Global Channel Chief is Recognized for Exceptional Leadership and Industry Influence

CAMPBELL, Calif.--(BUSINESS WIRE)--8x8, Inc. (NASDAQ: EGHT) announced that its Global Channel Chief is a Channel Futures Channel Influencer and a CRN Channel Chief of the Year.

1 month ago - Business Wire

8x8 (EGHT) Now Trades Above Golden Cross: Time to Buy?

Should investors be excited or worried when a stock's 50 -day simple moving average crosses above the 200-day simple moving average?

1 month ago - Zacks Investment Research

The Takeaways From the Latest Hedge Fund 13F Disclosures

Bloomberg's Sonali Basak reports on the takeaways from this quarter's 13F disclosures by hedge funds. Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles an...

Other symbols: EMBKPYPLRDFN
1 month ago - Bloomberg Markets and Finance

University of Worcester Streamlines Clearing Process with 8x8 XCaaS

With over 10,000 students, the University of Worcester takes on thousands of calls every year during the Clearing period.

1 month ago - Business Wire

Can 8x8 (EGHT) Run Higher on Rising Earnings Estimates?

8x8 (EGHT) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

1 month ago - Zacks Investment Research

Here Is Why Bargain Hunters Would Love Fast-paced Mover 8x8 (EGHT)

8x8 (EGHT) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at...

1 month ago - Zacks Investment Research

8x8 (EGHT) Beats Q3 Earnings Estimates

8x8 (EGHT) delivered earnings and revenue surprises of 133.33% and 1.49%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

8x8, Inc. Reports Third Quarter Fiscal 2023 Financial Results

CAMPBELL, Calif.--(BUSINESS WIRE)--8x8, Inc. (NASDAQ: EGHT), a leading integrated cloud communications platform provider, today reported financial results for the third quarter of fiscal 2023 ended ...

2 months ago - Business Wire

8x8 (EGHT) Reports Next Week: Wall Street Expects Earnings Growth

8x8 (EGHT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 months ago - Zacks Investment Research

8X8 to lay off more than 150 employees by the end of June

Shares of 8X8 Inc. EGHT, -0.43% rose 3.3% in premarket trading Wednesday after the business communications services company said it will cut its global workforce by about 7%, as part of a restructurin...

2 months ago - Market Watch

8x8 Launches 8x8 Customer Labs Open Beta Program

CAMPBELL, Calif.--(BUSINESS WIRE)--8x8, Inc. (NASDAQ: EGHT), a leading integrated cloud communications platform provider, today announced the launch of its 8x8 Customer Labs open beta program. Desig...

2 months ago - Business Wire

8x8, Inc. to Report Fiscal Third Quarter 2023 Financial Results on February 1, 2023

CAMPBELL, Calif.--(BUSINESS WIRE)--8x8, Inc. (NASDAQ: EGHT), a leading integrated cloud communications platform provider, today announced that it will release financial results for the third quarter...

2 months ago - Business Wire

FTC's proposed ban on noncompete agreements could have biggest impact on tech industry

Ryan Morrissey is a serial founder of software companies, having already launched three separate startups. Yet when he sold one of those companies, he had to sign an agreement to not start any more fo...

2 months ago - Market Watch

Why 8x8 (EGHT) is Poised to Beat Earnings Estimates Again

8x8 (EGHT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

2 months ago - Zacks Investment Research

Looking for a Fast-paced Momentum Stock at a Bargain? Consider 8x8 (EGHT)

8x8 (EGHT) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at...

3 months ago - Zacks Investment Research

8x8 Named a Leader in the 2022 Gartner® Magic Quadrant™ for Unified Communications as a Service, Worldwide

CAMPBELL, Calif.--(BUSINESS WIRE)--8x8, Inc. (NASDAQ: EGHT), a leading integrated cloud communications platform, today announced it has been named a Leader in the 2022 Gartner Magic Quadrant for Uni...

4 months ago - Business Wire

8X8 terminates CEO Sipes as stock has plunged about 85% during his tenure

Business communications software company 8X8 Inc. EGHT, +1.96% disclosed Wednesday that it has "terminated its employment relationship" with Chief Executive David Sipes, after about two years under hi...

4 months ago - Market Watch

8x8 Announces Executive Leadership Changes

CAMPBELL, Calif.--(BUSINESS WIRE)--8x8, Inc. (NASDAQ: EGHT), a leading provider of a cloud communications platform that integrates unified communications and contact center software, today announced...

4 months ago - Business Wire

8x8 Conversation IQ Named a Winner for CRN's 2022 Tech Innovator Award

CAMPBELL, Calif.--(BUSINESS WIRE)--8x8, Inc. (NASDAQ: EGHT), a leading integrated cloud communications platform, today announced growing industry recognition for 8x8 Conversation IQ, with CRN ® , a ...

4 months ago - Business Wire