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8X8 Inc (EGHT)
NASDAQ:EGHT
Holding EGHT?
Track your performance easily
EGHT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$1.51 - $3.92
Previous Close$1.89
Volume487.25K
Average Volume (3M)1.12M
Market Cap
$243.19M
Enterprise Value$589.27M
Total Cash (Recent Filing)$130.76M
Total Debt (Recent Filing)$477.49M
Price to Earnings (P/E)―
Beta2.41
Next Earnings
Oct 30, 2024EPS Estimate
$0.08Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.51
Shares Outstanding128,330,234
10 Day Avg. Volume913,632
30 Day Avg. Volume1,123,922
Standard Deviation0.20
R-Squared0.16
Alpha-0.04
Financial Highlights & Ratios
Price to Book (P/B)2.33
Price to Sales (P/S)0.34
Price to Cash Flow (P/CF)3.40
P/FCF Ratio4.10
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.81
Enterprise Value/Gross Profit1.17
Enterprise Value/Ebitda-508.87
Forecast
1Y Price Target
$3.30Price Target Upside74.14% Upside
Rating ConsensusHold
Number of Analyst Covering9
8X8 News
PremiumCompany Announcements
8X8 Strategically Rebalances Debt with New Credit Agreement
PremiumPre-Earnings
Is EGHT a Buy, Before Earnings?
Bulls Say, Bears Say
Bulls Say
Financial PerformanceThe company reported cash from operations of $18.1 million and closed a term loan for $200 million that lowers interest expense going forward.
Product InnovationInnovation continues to be a focal point, with new products likely being a key to potentially returning to revenue growth.
Strategic Initiatives8x8 remains confident in their strategic initiatives, particularly in contact center solutions and CPaaS offerings, which they believe will drive future growth.
Bears Say
Competitive EnvironmentNo near term catalyst to meaningfully change the narrative around pricing and competition in the UCaaS market.
Operating MarginsOperating margin guidance was lowered to 10%-11% from 11.5%-13.0% prior.
Revenue GuidanceManagement lowered the FY25 Revenue guidance range from $720M-$738M to $710M-$732M with services midpoint lower to $696M from $700M due to expected churn from accelerated Fuze migration and a challenging macro environment where deal cycles are elongated in a competitive space.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
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 Oct 30, 2024 which is in 40 days.
How were 8X8 Inc’s earnings last quarter?
8X8 Inc released its earnings results on Aug 07, 2024. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.088 by -$0.008.
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 $0.08.
How many shares outstanding does 8X8 Inc have?
8X8 Inc has 128,330,230 shares outstanding.
What happened to 8X8 Inc’s price movement after its last earnings report?
8X8 Inc reported an EPS of $0.08 in its last earnings report, missing expectations of $0.088. Following the earnings report the stock price went down -25.969%.
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 4M.
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8X8 Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$3.30 (74.14% Upside)
$3.30 (74.14% Upside)
Blogger Sentiment
Neutral
EGHT Sentiment 50%
Sector Average 65%
Sector Average 65%
Hedge Fund Trend
Increased
By 640.6K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $158.6K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.7%
Last 30 Days ▼ 4.9%
Last 30 Days ▼ 4.9%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-24.40%
12-Months-Change
Fundamentals
Return on Equity
-59.73%
Trailing 12-Months
Asset Growth
-8.78%
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
Q1 2024
0:00 / 0:00
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EGHT Stock 12 Month Forecast
Average Price Target
$3.30
▲(74.14% Upside)
Technical Analysis
Best Analysts Covering EGHT
1 Year
1 Year Success Rate
21/21 ratings generated profit
1 Year Average Return
+42.40%
reiterated a sell rating last month
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 +42.40% per trade.
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