8X8 (NASDAQ:EGHT) Issues Q2 2027 Earnings Guidance

8X8 (NASDAQ:EGHT) updated its second quarter 2027 earnings guidance on Tuesday morning. The company provided EPS guidance of 0.070-0.080 for the period, compared to the consensus EPS estimate of 0.070. The company issued revenue guidance of $185.0 million-$190.0 million, compared to the consensus revenue estimate of $184.0 million. 8X8 also updated its FY 2027 guidance to 0.330-0.380 EPS.

Analyst Upgrades and Downgrades

Several research firms have weighed in on EGHT. B. Riley Financial reiterated a “buy” rating and issued a $3.25 price objective (up from $3.00) on shares of 8X8 in a report on Wednesday. Rosenblatt Securities restated a “buy” rating and set a $3.00 price target on shares of 8X8 in a research note 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 equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $2.72.

8X8 Stock Performance

EGHT stock traded down $0.16 during trading on Thursday, hitting $2.15. The company had a trading volume of 835,110 shares, compared to its average volume of 1,761,186. 8X8 has a 1-year low of $1.57 and a 1-year high of $2.88. The firm has a market cap of $305.40 million, a PE ratio of 53.89, a price-to-earnings-growth ratio of 1.62 and a beta of 1.83. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.93. The firm has a 50-day moving average price of $1.90 and a 200-day moving average price of $2.02.

Insider Activity at 8X8

In other 8X8 news, Director Elizabeth Harriet Theophille sold 20,207 shares of the firm’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 sale, the director owned 167,086 shares in the company, valued at approximately $302,425.66. This trade represents a 10.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.13% of the company’s stock.

Institutional Investors Weigh In On 8X8

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd lifted its stake in 8X8 by 505.2% in the first quarter. Dynamic Technology Lab Private Ltd now owns 79,147 shares of the company’s stock valued at $158,000 after buying an additional 66,070 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of 8X8 by 2.7% during the 2nd quarter. Geode Capital Management LLC now owns 3,228,294 shares of the company’s stock worth $6,329,000 after purchasing an additional 84,176 shares in the last quarter. Cetera Investment Advisers bought a new position in 8X8 in the second quarter valued at about $55,000. JPMorgan Chase & Co. grew its holdings in shares of 8X8 by 33.3% during the second 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 last quarter. Finally, Rhumbline Advisers boosted its holdings in 8X8 by 10.8% in the second quarter. Rhumbline Advisers now owns 203,407 shares of the company’s stock valued at $399,000 after acquiring an additional 19,813 shares during the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

8X8 Company Profile

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.