8X8 (NASDAQ:EGHT) Announces Quarterly Earnings Results

by · The Markets Daily

8X8 (NASDAQ:EGHT – Get Free Report) released its quarterly earnings results on Monday. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01, Briefing.com reports. 8X8 had a negative net margin of 8.65% and a negative return on equity of 6.51%. The firm had revenue of $181.00 million for the quarter, compared to analysts’ expectations of $178.38 million. During the same quarter in the prior year, the firm posted $0.02 earnings per share. The business’s quarterly revenue was down 2.2% on a year-over-year basis. 8X8 updated its FY 2025 guidance to EPS and its Q3 2025 guidance to EPS.

8X8 Trading Up 22.8 %

Shares of 8X8 stock traded up $0.53 during trading on Tuesday, reaching $2.85. 3,049,215 shares of the stock were exchanged, compared to its average volume of 1,191,831. 8X8 has a 1 year low of $1.51 and a 1 year high of $3.92. The firm has a market cap of $365.74 million, a price-to-earnings ratio of -5.84 and a beta of 1.54. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 3.93. The stock’s fifty day moving average is $1.96 and its 200 day moving average is $2.26.

Wall Street Analyst Weigh In

EGHT has been the topic of a number of research analyst reports. B. Riley restated a “buy” rating and issued a $4.00 target price (down from $7.00) on shares of 8X8 in a research note on Thursday, October 24th. StockNews.com raised shares of 8X8 from a “hold” rating to a “buy” rating in a research note on Monday. Rosenblatt Securities cut their price target on shares of 8X8 from $4.00 to $3.50 and set a “buy” rating for the company in a research note on Monday, October 28th. Barclays raised their price objective on shares of 8X8 from $2.00 to $2.50 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, Needham & Company LLC cut their target price on shares of 8X8 from $3.50 to $3.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $2.75.

Check Out Our Latest Research Report on EGHT

8X8 Company Profile

(Get Free Report)

8×8, Inc provides voice, video, chat, contact center, and enterprise-class application programmable interface (API) Software-as-a-Service solutions for small business, mid-market, enterprise customers, government agencies, and other organizations worldwide. It offers 8×8 Work, a self-contained end-to-end united communications solution that delivers voice services, secure video meetings, and unified messaging, including direct messages, public and private team messaging rooms, and peer-to-peer short and multimedia messaging; 8×8 Contact Center, a cloud-based contact center as-a-service solution; and 8×8 Engage, an artificial intelligence-powered solution that equips customer-facing employees outside the contact center with the tools and capabilities to deliver successful customer engagements.

Featured Articles