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8X8 Inc (EGHT)
NASDAQ:EGHT
Holding EGHT?
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EGHT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$1.51 - $3.92
Previous Close$2.72
Volume1.77M
Average Volume (3M)873.84K
Market Cap
$351.48M
Enterprise Value$695.45M
Total Cash (Recent Filing)$117.41M
Total Debt (Recent Filing)$461.38M
Price to Earnings (P/E)―
Beta2.40
Next Earnings
Jan 29, 2025EPS Estimate
$0.09Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.56
Shares Outstanding130,660,747
10 Day Avg. Volume699,810
30 Day Avg. Volume873,837
Standard Deviation0.21
R-Squared0.16
Alpha-0.03
Financial Highlights & Ratios
Price to Book (P/B)3.24
Price to Sales (P/S)0.49
Price to Cash Flow (P/CF)7.10
P/FCF Ratio5.20
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.97
Enterprise Value/Gross Profit1.38
Enterprise Value/Ebitda23.99
Forecast
1Y Price Target
$3.01Price Target Upside10.66% Upside
Rating ConsensusHold
Number of Analyst Covering10
8X8 News
PremiumCompany Announcements
8×8 Strengthens Board with New Director Appointment
Bulls Say, Bears Say
Bulls Say
Corporate StrategyManagement noted improved predictability was a welcome change as the company continues to make strong progress on paying down its debt.
Financial Performance8x8 generated $8.2 million of free cash flow in the fiscal quarter.
Revenue GrowthRevenue from new products grew over 60% year-over-year, with AI revenue increasing by 200%.
Bears Say
Competitive PressureAggressive price actions from competitors are impacting deal cycles.
Migration ChallengesFuze migration remains a headwind to revenue growth and is not expected to be complete until end of CY2026.
Revenue GuidanceInitial FQ3 revenue guidance was slightly below prior forecasts.
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Ownership Overview
3.01% Insiders
29.48% Mutual Funds
31.27% Other Institutional Investors
19.63% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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EGHT FAQ
What was 8X8 Inc’s price range in the past 12 months?
8X8 Inc lowest stock price was $1.51 and its highest was $3.92 in the past 12 months.
What is 8X8 Inc’s market cap?
Currently, no data Available
When is 8X8 Inc’s upcoming earnings report date?
8X8 Inc’s upcoming earnings report date is Jan 29, 2025 which is in 38 days.
How were 8X8 Inc’s earnings last quarter?
8X8 Inc released its earnings results on Nov 04, 2024. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01.
Is 8X8 Inc overvalued?
According to Wall Street analysts 8X8 Inc’s price is currently Undervalued.
Does 8X8 Inc pay dividends?
8X8 Inc does not currently pay dividends.
What is 8X8 Inc’s EPS estimate?
8X8 Inc’s EPS estimate is $0.09.
How many shares outstanding does 8X8 Inc have?
8X8 Inc has 130,660,750 shares outstanding.
What happened to 8X8 Inc’s price movement after its last earnings report?
8X8 Inc reported an EPS of $0.09 in its last earnings report, beating expectations of $0.08. Following the earnings report the stock price went up 18.534%.
Which hedge fund is a major shareholder of 8X8 Inc?
Among the largest hedge funds holding 8X8 Inc’s share is S Squared Technology, LLC. It holds 8X8 Inc’s shares valued at 3M.
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8X8 Stock Smart Score
Unlock Smart Score
1
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8
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10
Analyst Consensus
Hold
Average Price Target:
$3.01 (10.66% Upside)
$3.01 (10.66% Upside)
Blogger Sentiment
Bullish
EGHT Sentiment 80%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 1.2M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $15.2K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Neutral
Last 7 Days ▼ 1.8%
Last 30 Days ▲ 2.7%
Last 30 Days ▲ 2.7%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-21.15%
12-Months-Change
Fundamentals
Return on Equity
-63.25%
Trailing 12-Months
Asset Growth
-10.15%
Trailing 12-Months
Company Description
8X8 Inc
8x8, Inc. engages in the provision of enterprise communication solutions. Its solutions include industry and business solutions for collections, education, government healthcare, high tech, insurance, call center, call center software, network optimization, and international calls. The company was founded in February 1987 and is headquartered in San Jose, CA.
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EGHT Company Deck
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EGHT Earnings Call
Q2 2024
0:00 / 0:00
Earnings Call Sentiment|Positive
The earnings call reflected a positive sentiment overall, with significant achievements in profitability, product innovation, and customer retention. While there are some challenges related to the legacy Fuze platform and potential margin pressures, the company's strategic initiatives and financial discipline are showing strong results.Read More>---
EGHT Stock 12 Month Forecast
Average Price Target
$3.01
▲(10.66% Upside)
Technical Analysis
Best Analysts Covering EGHT
1 Year
1 Year Success Rate
17/23 ratings generated profit
1 Year Average Return
+28.27%
reiterated a sell rating 17 days ago
Copying Michael Turrin's trades and holding each position for 1 Year would result in 73.91% of your transactions generating a profit, with an average return of +28.27% per trade.
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