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8X8 Inc (EGHT)
NASDAQ:EGHT
8X8 (EGHT) Stock Price & Analysis
424 Followers
EGHT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$2.12 - $4.88
Previous Close$2.78
Volume670.35K
Average Volume (3M)1.20M
Market Cap
$348.04M
Enterprise Value$721.58M
Total Cash (Recent Filing)$169.55M
Total Debt (Recent Filing)$543.09M
Price to Earnings (P/E)-5.0
Beta2.21
Next Earnings
Jul 31, 2024EPS Estimate
$0.09Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.56
Shares Outstanding123,421,417
10 Day Avg. Volume1,185,460
30 Day Avg. Volume1,199,659
Standard Deviation0.19
R-Squared0.17
Alpha-0.04
Financial Highlights & Ratios
Price to Book (P/B)-1.36
Price to Sales (P/S)0.46
Price to Cash Flow (P/CF)3.80
P/FCF Ratio4.70
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.98
Enterprise Value/Gross Profit1.32
Enterprise Value/Ebitda17.19
Forecast
1Y Price Target
$3.17Price Target Upside13.21% Upside
Rating ConsensusHold
Number of Analyst Covering6
8X8 News
PremiumPre-Earnings
Is EGHT a Buy, Before Earnings?
PremiumCompany Announcements
Eric Salzman Resigns from 8X8 Inc Board of Directors
Bulls Say, Bears Say
Bulls Say
Financial PerformanceThe company boasts robust financial health, having enhanced its balance sheet and consistently generating strong cash flow.
Product LaunchExcitement builds around the company's new Engage contact center product, signaling potential market growth and customer adoption.
Revenue GrowthRevenue from the company's innovative new products is surging, demonstrating a successful product strategy and positive market reception.
Bears Say
Customer RetentionElevated churn from its former Fuze customers has contributed to a decreased total annual recurring revenue.
Financial PerformanceGuidance for upcoming fiscal year service revenue and adjusted operating margin fell short of analyst expectations.
Stock ValuationThe company's shares are trading at a discount to peers due to slowing organic growth, a debt overhang, and challenged positioning.
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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 $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 Jul 31, 2024 which is in 70 days.
How were 8X8 Inc’s earnings last quarter?
8X8 Inc released its earnings results on May 08, 2024. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.072 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 $0.09.
How many shares outstanding does 8X8 Inc have?
8X8 Inc has 125,193,570 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, beating expectations of $0.072. Following the earnings report the stock price went up 20.085%.
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
Neutral
1
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4
5
6
7
8
9
10
Analyst Consensus
Hold
Average Price Target:
$3.17 (13.21% Upside)
$3.17 (13.21% Upside)
Blogger Sentiment
Neutral
EGHT Sentiment 50%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 584.5K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $79.5K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 4.3%
Last 30 Days ▼ 3.0%
Last 30 Days ▼ 3.0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-22.34%
12-Months-Change
Fundamentals
Return on Equity
-66.97%
Trailing 12-Months
Asset Growth
-10.20%
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
Q4 2024
0:00 / 0:00
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EGHT Stock 12 Month Forecast
Average Price Target
$3.17
▲(13.21% Upside)
Technical Analysis
Best Analysts Covering EGHT
1 Year
1 Year Success Rate
14/18 ratings generated profit
1 Year Average Return
+33.07%
reiterated a sell rating 5 days ago
Copying Michael Turrin's trades and holding each position for 1 Year would result in 77.78% of your transactions generating a profit, with an average return of +33.07% per trade.
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