8X8 (NASDAQ:EGHT) Issues Q1 2027 Earnings Guidance

8X8 (NASDAQ:EGHT) updated its first quarter 2027 earnings guidance on Tuesday. The company provided EPS guidance of 0.080-0.090 for the period, compared to the consensus EPS estimate of 0.070. The company issued revenue guidance of $180.0 million-$185.0 million, compared to the consensus revenue estimate of $182.3 million. 8X8 also updated its FY 2027 guidance to 0.330-0.380 EPS.

8X8 Price Performance

NASDAQ:EGHT traded up $0.02 during trading hours on Tuesday, reaching $2.41. 3,347,331 shares of the company were exchanged, compared to its average volume of 1,647,978. The company has a market capitalization of $335.76 million, a P/E ratio of -120.44, a P/E/G ratio of 1.80 and a beta of 1.83. 8X8 has a 1-year low of $1.56 and a 1-year high of $2.88. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.13 and a quick ratio of 1.13. The business has a 50 day moving average of $2.02 and a 200 day moving average of $2.03.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on EGHT shares. Rosenblatt Securities reduced their price target on 8X8 from $3.50 to $2.75 and set a “buy” rating on the stock in a research report on Thursday, February 5th. Zacks Research downgraded 8X8 from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Finally, Weiss Ratings raised 8X8 from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, 8X8 presently has a consensus rating of “Hold” and a consensus target price of $2.33.

Institutional Investors Weigh In On 8X8

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. lifted its stake in shares of 8X8 by 2.4% in the 4th quarter. Invesco Ltd. now owns 339,374 shares of the company’s stock valued at $669,000 after acquiring an additional 7,976 shares during the last quarter. XTX Topco Ltd raised its position in 8X8 by 27.4% during the 4th quarter. XTX Topco Ltd now owns 394,462 shares of the company’s stock worth $777,000 after purchasing an additional 84,719 shares during the last quarter. Tudor Investment Corp ET AL bought a new position in 8X8 during the 4th quarter worth $46,000. Quadrature Capital Ltd raised its position in 8X8 by 535.6% during the 4th quarter. Quadrature Capital Ltd now owns 86,973 shares of the company’s stock worth $171,000 after purchasing an additional 73,289 shares during the last quarter. Finally, Millennium Management LLC raised its position in 8X8 by 158.7% during the 4th quarter. Millennium Management LLC now owns 47,377 shares of the company’s stock worth $93,000 after purchasing an additional 29,060 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors.

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.