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

8X8 (NASDAQ:EGHT) updated its second quarter 2027 earnings guidance on Tuesday. The company provided earnings per share (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.

8X8 Trading Up 8.7%

NASDAQ:EGHT traded up $0.18 during trading hours on Tuesday, reaching $2.24. The company’s stock had a trading volume of 2,189,408 shares, compared to its average volume of 1,760,796. The firm has a market capitalization of $317.59 million, a price-to-earnings ratio of 112.06, a PEG ratio of 1.37 and a beta of 1.83. The firm 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. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.09 and a current ratio of 1.09.

Analyst Ratings Changes

A number of research firms have recently weighed in on EGHT. Weiss Ratings raised 8X8 from a “sell (e+)” rating to a “sell (d)” rating in a research note on Thursday, June 4th. Zacks Research cut 8X8 from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Finally, Rosenblatt Securities boosted their price objective on 8X8 from $2.75 to $3.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, 8X8 currently has an average rating of “Hold” and a consensus price target of $2.45.

Insider Activity

In other 8X8 news, Director Elizabeth Harriet Theophille sold 20,207 shares of the business’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $1.81, for a total value of $36,574.67. Following the transaction, the director owned 167,086 shares in the company, valued at approximately $302,425.66. The trade was a 10.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.13% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of EGHT. Millennium Management LLC grew its position in shares of 8X8 by 158.7% in the 4th quarter. Millennium Management LLC now owns 47,377 shares of the company’s stock worth $93,000 after buying an additional 29,060 shares during the last quarter. IHT Wealth Management LLC increased its stake in shares of 8X8 by 25.0% during the fourth quarter. IHT Wealth Management LLC now owns 25,000 shares of the company’s stock valued at $49,000 after buying an additional 5,000 shares during the period. Cetera Investment Advisers raised its holdings in shares of 8X8 by 18.5% during the fourth quarter. Cetera Investment Advisers now owns 43,909 shares of the company’s stock valued at $87,000 after acquiring an additional 6,859 shares in the last quarter. Captrust Financial Advisors lifted its stake in 8X8 by 18.2% in the fourth quarter. Captrust Financial Advisors now owns 28,162 shares of the company’s stock worth $55,000 after acquiring an additional 4,334 shares during the period. Finally, HRT Financial LP purchased a new stake in 8X8 in the fourth quarter worth $64,000. Hedge funds and other institutional investors own 93.99% of the company’s stock.

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.