8X8 (NASDAQ:EGHT) Releases FY 2026 Earnings Guidance

8X8 (NASDAQ:EGHT) updated its FY 2026 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 0.340-0.370 for the period, compared to the consensus estimate of 0.350. The company issued revenue guidance of $702.0 million-$724.0 million, compared to the consensus revenue estimate of $717.3 million. 8X8 also updated its Q1 2026 guidance to 0.070-0.090 EPS.

8X8 Stock Performance

Shares of NASDAQ:EGHT traded down $0.01 on Monday, reaching $1.80. 2,089,801 shares of the company’s stock were exchanged, compared to its average volume of 1,065,224. The company has a fifty day moving average of $1.87 and a 200-day moving average of $2.47. 8X8 has a twelve month low of $1.51 and a twelve month high of $3.52. The company has a market capitalization of $237.05 million, a price-to-earnings ratio of -5.00, a PEG ratio of 6.08 and a beta of 1.80. The company has a current ratio of 1.25, a quick ratio of 1.24 and a debt-to-equity ratio of 3.08.

8X8 (NASDAQ:EGHT) last announced its earnings results on Monday, May 19th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. 8X8 had a negative net margin of 6.33% and a negative return on equity of 1.45%. On average, research analysts predict that 8X8 will post 0.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on EGHT shares. Barclays increased their target price on shares of 8X8 from $2.50 to $3.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of 8X8 in a research report on Saturday, May 10th. Rosenblatt Securities reduced their price target on shares of 8X8 from $3.30 to $2.70 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Morgan Stanley reduced their price target on shares of 8X8 from $2.60 to $1.90 and set an “underweight” rating on the stock in a research report on Wednesday, April 16th. Finally, Wells Fargo & Company dropped their price objective on shares of 8X8 from $2.00 to $1.50 and set an “underweight” rating for the company in a research note on Tuesday, April 22nd. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $2.51.

Insider Activity

In related news, major shareholder Sylebra Capital Llc sold 101,678 shares of 8X8 stock in a transaction on Monday, March 24th. The shares were sold at an average price of $2.23, for a total transaction of $226,741.94. Following the completion of the transaction, the insider now owns 14,085,649 shares of the company’s stock, valued at $31,410,997.27. This trade represents a 0.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders sold 254,678 shares of company stock valued at $562,412. Insiders own 1.22% of the company’s stock.

Hedge Funds Weigh In On 8X8

A hedge fund recently raised its stake in 8X8 stock. Dynamic Technology Lab Private Ltd lifted its stake in shares of 8×8, Inc. (NASDAQ:EGHT) by 505.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,147 shares of the company’s stock after purchasing an additional 66,070 shares during the quarter. Dynamic Technology Lab Private Ltd owned about 0.06% of 8X8 worth $158,000 at the end of the most recent reporting period. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

About 8X8

8×8, Inc engages in the provision of enterprise communication solutions. It offers solutions to the business services, education, financial services, government, healthcare, and manufacturing industries. The company was founded in February 1987 and is headquartered in Campbell, CA.