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

8X8 (NASDAQ:EGHT) issued an update on its first quarter 2027 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 0.080-0.090 for the period, compared to the consensus earnings per share 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

EGHT stock traded up $0.02 during mid-day trading on Tuesday, reaching $2.41. The company’s stock had a trading volume of 3,496,865 shares, compared to its average volume of 1,647,978. The stock has a market cap of $335.76 million, a PE ratio of -120.44, a P/E/G ratio of 1.80 and a beta of 1.83. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.06. 8X8 has a fifty-two week low of $1.56 and a fifty-two week high of $2.88. The company’s 50 day moving average is $2.02 and its two-hundred day moving average is $2.03.

Analyst Upgrades and Downgrades

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

Institutional Trading of 8X8

Hedge funds and other institutional investors have recently made changes to their positions in the company. Captrust Financial Advisors boosted its position in 8X8 by 18.2% in the 4th quarter. Captrust Financial Advisors now owns 28,162 shares of the company’s stock valued at $55,000 after buying an additional 4,334 shares during the period. IHT Wealth Management LLC boosted its position in 8X8 by 25.0% in the 4th 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. Man Group plc boosted its position in 8X8 by 5.2% in the 3rd quarter. Man Group plc now owns 108,337 shares of the company’s stock valued at $230,000 after buying an additional 5,387 shares during the period. Cetera Investment Advisers boosted its position in 8X8 by 18.5% in the 4th quarter. Cetera Investment Advisers now owns 43,909 shares of the company’s stock valued at $87,000 after buying an additional 6,859 shares during the period. Finally, Invesco Ltd. boosted its position in 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 buying an additional 7,976 shares during the period. Institutional investors and hedge funds 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.