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

8X8 (NASDAQ:EGHT) updated its FY 2027 earnings guidance on Tuesday. 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.

Analysts Set New Price Targets

Several equities research analysts have recently commented on EGHT shares. Rosenblatt Securities reduced their target price on 8X8 from $3.50 to $2.75 and set a “buy” rating for the company in a report on Thursday, February 5th. Weiss Ratings raised 8X8 from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, May 1st. Finally, Zacks Research downgraded 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 issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $2.33.

8X8 Trading Up 0.8%

Shares of NASDAQ EGHT traded up $0.02 during mid-day trading on Tuesday, hitting $2.41. 3,347,331 shares of the company traded hands, compared to its average volume of 1,647,978. 8X8 has a 1 year low of $1.56 and a 1 year high of $2.88. The stock has a market capitalization of $335.76 million, a price-to-earnings ratio of -120.44, a PEG ratio of 1.80 and a beta of 1.83. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.06. The business has a 50 day moving average of $2.02 and a two-hundred day moving average of $2.03.

Institutional Investors Weigh In On 8X8

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Prelude Capital Management LLC acquired a new stake in shares of 8X8 during the 3rd quarter worth approximately $26,000. CIBC Bancorp USA Inc. acquired a new stake in shares of 8X8 during the 3rd quarter worth approximately $30,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of 8X8 during the 3rd quarter worth approximately $31,000. Abel Hall LLC acquired a new stake in shares of 8X8 during the 4th quarter worth approximately $33,000. Finally, Headlands Technologies LLC acquired a new stake in shares of 8X8 during the 4th quarter worth approximately $37,000. 93.99% of the stock is owned by hedge funds and other institutional investors.

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.