8X8 (NASDAQ:EGHT) Issues Earnings Results

8X8 (NASDAQ:EGHT) posted its quarterly earnings results on Monday. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01, Briefing.com reports. 8X8 had a negative return on equity of 6.06% and a negative net margin of 9.68%. The firm had revenue of $181.00 million during the quarter, compared to the consensus estimate of $178.38 million. During the same quarter in the previous year, the business earned $0.02 earnings per share. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. 8X8 updated its FY 2025 guidance to EPS and its Q3 2025 guidance to EPS.

8X8 Stock Performance

EGHT stock traded up $0.06 on Thursday, reaching $2.92. The company’s stock had a trading volume of 434,363 shares, compared to its average volume of 1,197,243. 8X8 has a 52 week low of $1.51 and a 52 week high of $3.92. The company has a market capitalization of $374.72 million, a P/E ratio of -5.20 and a beta of 1.54. The firm has a fifty day moving average of $1.99 and a two-hundred day moving average of $2.26. The company has a debt-to-equity ratio of 3.93, a current ratio of 1.50 and a quick ratio of 1.50.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on EGHT shares. Needham & Company LLC lowered their price target on 8X8 from $3.50 to $3.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Rosenblatt Securities cut their price target on 8X8 from $4.00 to $3.50 and set a “buy” rating on the stock in a research note on Monday, October 28th. StockNews.com upgraded 8X8 from a “hold” rating to a “buy” rating in a research note on Monday. B. Riley restated a “buy” rating and set a $4.00 price objective (down previously from $7.00) on shares of 8X8 in a research note on Thursday, October 24th. Finally, Mizuho upped their price objective on 8X8 from $2.50 to $2.75 and gave the company a “neutral” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $2.82.

8X8 Company Profile

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.