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

8X8 (NASDAQ:EGHT) issued an update on its FY 2027 earnings guidance on Tuesday morning. The company provided EPS guidance of 0.330-0.380 for the period, compared to the consensus EPS estimate of 0.320. The company issued revenue guidance of $727.0 million-$747.0 million, compared to the consensus revenue estimate of $737.7 million. 8X8 also updated its Q1 2027 guidance to 0.080-0.090 EPS.

8X8 Price Performance

Shares of 8X8 stock traded up $0.02 during midday trading on Tuesday, hitting $2.41. 3,347,331 shares of the company were exchanged, compared to its average volume of 1,647,978. 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 firm has a market cap of $335.76 million, a P/E ratio of -120.44, a PEG ratio of 1.80 and a beta of 1.83. 8X8 has a 52 week low of $1.56 and a 52 week high of $2.88. The firm has a 50 day simple moving average of $2.02 and a 200-day simple moving average of $2.03.

Analysts Set New Price Targets

EGHT has been the subject of several analyst reports. Zacks Research downgraded 8X8 from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Rosenblatt Securities cut their target price on 8X8 from $3.50 to $2.75 and set a “buy” rating for the company in a research report on Thursday, February 5th. Finally, Weiss Ratings upgraded 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 given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $2.33.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd lifted its holdings in shares of 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 purchasing an additional 66,070 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of 8X8 by 2.7% in the second quarter. Geode Capital Management LLC now owns 3,228,294 shares of the company’s stock valued at $6,329,000 after purchasing an additional 84,176 shares in the last quarter. Cetera Investment Advisers bought a new stake in shares of 8X8 in the second quarter valued at about $55,000. JPMorgan Chase & Co. raised its holdings in 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 acquiring an additional 628,024 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in 8X8 by 10.8% during the second quarter. Rhumbline Advisers now owns 203,407 shares of the company’s stock worth $399,000 after acquiring an additional 19,813 shares in 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.