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8X8 Inc (EGHT)
NASDAQ:EGHT
8X8 (EGHT) Stock Price & Analysis
421 Followers
EGHT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$2.12 - $4.88
Previous Close$2.18
Volume963.49K
Average Volume (3M)1.49M
Market Cap
$269.06M
Enterprise Value$642.60M
Total Cash (Recent Filing)$169.55M
Total Debt (Recent Filing)$543.09M
Price to Earnings (P/E)-4.9
Beta2.18
Next Earnings
May 08, 2024EPS Estimate
$0.07Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.45
Shares Outstanding123,421,417
10 Day Avg. Volume1,034,449
30 Day Avg. Volume1,488,905
Standard Deviation0.19
R-Squared0.17
Alpha-0.03
Financial Highlights & Ratios
Price to Book (P/B)-1.08
Price to Sales (P/S)0.36
Price to Cash Flow (P/CF)3.00
P/FCF Ratio3.70
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.88
Enterprise Value/Gross Profit1.18
Enterprise Value/Ebitda15.31
Forecast
1Y Price Target
$3.69Price Target Upside69.27% Upside
Rating ConsensusHold
Number of Analyst Covering9
8X8 News
PremiumCompany Announcements
Eric Salzman Resigns from 8X8 Inc Board of Directors
Bulls Say, Bears Say
Bulls Say
Debt ReductionPaying down another $63M of debt strengthens the company's balance sheet and signals financial prudence to investors.
Financial PerformanceThe company's strategic transition plan includes new sales leadership, pursuing a CCaaS-first bundled product strategy, and cultivating deeper partner relationships.
Product InnovationRevenue from new products grew significantly, highlighting the company's commitment to innovation and its potential to capture more market share.
Bears Say
Financial PerformanceThe company's FQ3 results came in below the midpoint of the guidance, and the revised full-year guide was lowered.
Market PositioningThe stock is trading at a discount compared to its peers due to factors such as slowing organic growth, a debt overhang, and overall challenged positioning in the market.
Revenue GuidanceRevenue guidance for the next fiscal year has been revised downward, indicating potential continued revenue pressures.
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Ownership Overview
16.92% Insiders
31.68% Mutual Funds
18.44% Other Institutional Investors
32.95% 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 $2.12 and its highest was $4.88 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 May 08, 2024 which is in 16 days.
How were 8X8 Inc’s earnings last quarter?
8X8 Inc released its earnings results on Jan 31, 2024. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.107 by $0.013.
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 $0.07.
How many shares outstanding does 8X8 Inc have?
8X8 Inc has 123,421,420 shares outstanding.
What happened to 8X8 Inc’s price movement after its last earnings report?
8X8 Inc reported an EPS of $0.12 in its last earnings report, beating expectations of $0.107. Following the earnings report the stock price went down -11.607%.
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 6M.
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8X8 Stock Smart Score
Underperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Hold
Average Price Target:
$3.69 (69.27% Upside)
$3.69 (69.27% Upside)
Blogger Sentiment
Neutral
EGHT Sentiment 50%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 140.4K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $81.3K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.4%
Last 30 Days ▼ 3.3%
Last 30 Days ▼ 3.3%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-37.71%
12-Months-Change
Fundamentals
Return on Equity
-53.51%
Trailing 12-Months
Asset Growth
-1.12%
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
Q3 2024
0:00 / 0:00
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EGHT Stock 12 Months Forecast
Average Price Target
$3.69
▲(69.27% Upside)
Technical Analysis
Best Analysts Covering EGHT
1 Year
1 Year Success Rate
17/17 ratings generated profit
1 Year Average Return
+43.99%
reiterated a sell rating 11 days ago
Copying Michael Turrin's trades and holding each position for 1 Year would result in 100.00% of your transactions generating a profit, with an average return of +43.99% per trade.
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