8X8 (NASDAQ:EGHT) Issues FY 2027 Earnings Guidance

8X8 (NASDAQ:EGHT) updated its FY 2027 earnings guidance on Tuesday. The company provided earnings per share guidance of 0.330-0.380 for the period, compared to the consensus earnings per share estimate of 0.330. The company issued revenue guidance of $745.0 million-$765.0 million, compared to the consensus revenue estimate of $737.6 million. 8X8 also updated its Q2 2027 guidance to 0.070-0.080 EPS.

8X8 Price Performance

Shares of NASDAQ:EGHT traded up $0.10 on Wednesday, hitting $2.35. The company’s stock had a trading volume of 1,522,930 shares, compared to its average volume of 1,759,043. The company has a market capitalization of $332.47 million, a PE ratio of 116.81, a PEG ratio of 1.49 and a beta of 1.83. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.09 and a quick ratio of 1.09. The company has a 50-day simple moving average of $1.90 and a 200 day simple moving average of $2.01. 8X8 has a 1 year low of $1.57 and a 1 year high of $2.88.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on EGHT shares. B. Riley Financial reiterated a “buy” rating and set a $3.25 target price (up from $3.00) on shares of 8X8 in a research report on Wednesday. Rosenblatt Securities restated a “buy” rating and set a $3.00 price objective on shares of 8X8 in a research report on Wednesday. Finally, Weiss Ratings raised shares of 8X8 from a “sell (e+)” rating to a “sell (d)” rating in a report on Thursday, June 4th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $2.72.

Insider Activity at 8X8

In other news, Director Elizabeth Harriet Theophille sold 20,207 shares of the business’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $1.81, for a total value of $36,574.67. Following the completion of the sale, the director directly owned 167,086 shares in the company, valued at approximately $302,425.66. The trade was a 10.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.13% of the company’s stock.

Trending Headlines about 8X8

Here are the key news stories impacting 8X8 this week:

• Positive Sentiment: Quarterly earnings beat expectations. 8×8 reported fiscal Q1 adjusted earnings of $0.09 per share, above estimates ranging from $0.04 to $0.08. Revenue reached approximately $190.2 million, while net margin was slightly positive. 8×8 Surpasses Q1 Earnings and Revenue Estimates
• Positive Sentiment: Record revenue and accelerating AI adoption support the growth story. Management highlighted record service revenue, while AI adoption more than doubled, increasing 121% as customer-experience demand accelerated. 8×8 Q1 2027 Earnings Call Highlights
• Positive Sentiment: Full-year guidance exceeded analyst expectations. 8×8 forecast fiscal 2027 revenue of $745 million to $765 million, above the $737.6 million consensus estimate. EPS guidance of $0.33 to $0.38 also met or exceeded expectations. Second-quarter revenue guidance of $185 million to $190 million was above the $184 million consensus forecast. 8×8 Reports Record Revenue in First Quarter
• Positive Sentiment: Rosenblatt Securities reaffirmed its Buy rating and set a $3.00 price target, implying substantial upside from recent trading levels. Benzinga analyst rating report
• Neutral Sentiment: The earnings release was broadly positive, but the stock’s decrease indicates investors may be taking profits or looking for stronger evidence that AI adoption will translate into sustained revenue and earnings growth.

Institutional Trading of 8X8

Several hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its stake in shares of 8X8 by 31.9% during the third quarter. Bank of America Corp DE now owns 6,234,230 shares of the company’s stock valued at $13,217,000 after buying an additional 1,506,586 shares during the last quarter. JPMorgan Chase & Co. increased its stake in 8X8 by 33.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,516,232 shares of the company’s stock worth $4,932,000 after purchasing an additional 628,024 shares during the period. Boston Partners lifted its position in 8X8 by 7.9% in the third quarter. Boston Partners now owns 8,582,614 shares of the company’s stock valued at $18,192,000 after purchasing an additional 625,479 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of 8X8 by 36.0% during the second quarter. AQR Capital Management LLC now owns 2,111,511 shares of the company’s stock valued at $4,139,000 after purchasing an additional 558,562 shares during the period. Finally, Marshall Wace LLP grew its holdings in shares of 8X8 by 314.6% in the fourth quarter. Marshall Wace LLP now owns 633,209 shares of the company’s stock worth $1,247,000 after purchasing an additional 480,477 shares during the last quarter. 93.99% of the stock is owned by institutional investors.

About 8X8

8×8, Inc (NASDAQ: EGHT) is a global provider of cloud-based enterprise communications, collaboration and contact centre solutions. The company’s unified communications as a service (UCaaS) platform integrates voice, video, chat, SMS and contact-centre capabilities into a single, software-driven solution. By combining real-time analytics, team messaging and interoperability with third-party business applications, 8×8 aims to simplify communications infrastructure for organisations of all sizes.

Founded in 1987 and headquartered in Campbell, California, 8×8 pioneered hosted VoIP services for businesses in the late 1990s and went public on the NASDAQ in 1997.