8×8, Inc EGHT Stock Price, Quote & News

A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. Morningstar analysts hand-select direct competitors or comparable companies to
provide context on the strength and durability of EGHT’s
competitive advantage. Business communications software company 8X8 Inc. disclosed Wednesday that it has “terminated its employment relationship” with Chief Executive David Sipes, after about two years under his leadership.

Upgrade to MarketBeat All Access to add more stocks to your watchlist. One share of EGHT stock can currently be purchased for approximately $2.59. Sign-up to receive the latest news and ratings for 8X8 and its competitors with MarketBeat’s FREE daily newsletter.

RingCentral and 8×8 Stock Are Soaring. An Activist Discloses Large Stakes.

However, analysts commonly use some key metrics to help gauge the value of a stock. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns. The internet sector is poised to grow due to the increasing need for fast data connectivity and the growing popularity of wireless technology. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Wall Street analysts weighed in on the communication technology company’s CEO transition. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.

The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals. Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods. Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating. After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. For example, a price above its moving average is generally considered an upward trend or a buy.

We may receive payment from our affiliates for featured placement of their products or services. We may also receive payment if you click on certain links posted on our site. Valuing 8×8 Inc Common Stock stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of 8×8 Inc Common Stock’s overall performance.

How has EGHT performed historically compared to the market?

8×8 XCaaS enables all bank employees immediate access to the resources they need, regardless of where they are located or which department they work in, resulting in enhanced collaboration across the company and exceptional customer service. As an integrated platform, 8×8 XCaaS has allowed Lake Ridge Bank to reduce costs by removing the need for multiple, disparate systems. 8×8 Inc provides contact-center-as-a-service and unified-communications-as-a-service software applications to approximately 2.5 million users.

View analysts price targets for EGHT or view top-rated stocks among Wall Street analysts. 9 Wall Street research analysts have issued “buy,” “hold,” and “sell” ratings for 8X8 in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 2 buy ratings for https://1investing.in/ the stock. The consensus among Wall Street research analysts is that investors should “hold” EGHT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EGHT, but not buy additional shares or sell existing shares.

About 8X8 (NASDAQ:EGHT) Stock

The company’s unified platform enables omnichannel communication to assist employees in communicating across voice, video, text, chat, and contact centers. Geographically, it derives a majority of revenue from the United States. A part of 8×8’s significant discount relative to its peers is due to its lower top-line growth, as the company didn’t manage to take advantage of the coronavirus-induced surge in cloud communications.

These returns cover a period from January 1, 1988 through July 31, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return.

EGHT Stock News Headlines

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

Based on an average daily volume of 1,760,000 shares, the short-interest ratio is presently 9.8 days. Since then, EGHT shares have decreased by 40.0% and is now trading at $2.59. The technique has proven to be very useful for finding positive surprises. In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest. Finder.com is an independent comparison platform and
information service that aims to provide you with information to help you make better decisions.

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s.

8×8 Inc Common Stock employs 1,921 staff and has a trailing 12-month revenue of around $739.6 million. Thus, despite 8×8’s apparently attractive valuation relative to its peers, investors should keep in mind that management must provide flawless execution against solid competitors for the cloud communications stock to not e business importance become a value trap. During the last earnings call, management expressed confidence in improving profitability thanks to its updated go-to-market strategy that involves a broader set of partners to acquire customers at a lower cost. However, that will require solid execution in the context of intensifying competition.

During the last quarter, revenue increased 17.9% year over year to $129.1 million, which paled in comparison to Zoom’s extraordinary last-quarter revenue growth of 335%. And 8×8 also lagged RingCentral’s, Five9’s, and Twilio’s revenue growth of 30.1%, 33.9%, and 51.8%, respectively. And with its market cap at 3.9 times trailing 12-month revenue, the company seems valued at an attractive discount. The stocks of 8×8’s competitors RingCentral, Five9, and Twilio are trading at much higher price-to-sales ratios in the range of 22 to 26. And Zoom remains in its own league with its stellar ratio of 91. Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions.

No matter how the coronavirus pandemic pans out, the world will remain hungry for cloud communication services. And investors may struggle to find stocks at a reasonable price to get exposure to such an attractive industry. With its low valuation ratios relative to its peers, the cloud communications specialist 8×8 (EGHT 2.12%) looks like an exception, though. Yet investors should stay prudent, as the stock could become a value trap.

• The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries.
• © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.
• 9 analysts have issued 1-year target prices for 8X8’s shares.
• The Company also offers voice mail, caller ID, call forwarding, call waiting, 3-way calling, online account management and billing, international call blocking and caller ID blocking services.

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Compare
EGHT’s historical performance
against its industry peers and the overall market. As a result of its expanding businesses, 8×8 more than doubled its revenue from $209.3 million in fiscal 2016 to $446.2 million in fiscal 2020, ending on March 31. Provides a general description of the business conducted by this company. The Barchart Technical Opinion rating is a 88% Sell with a Average short term outlook on maintaining the current direction. The combination of a solid quarterly report and rough inflation news sent this tech stock on a wild ride.

EGHT Stock – Frequently Asked Questions

Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated. Information on this page is for educational purposes only and not a recommendation to invest with any one company, trade specific stocks or fund specific investments.

While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn’t influence our assessment of those products. Please don’t interpret the order in which products appear on our Site as any endorsement or recommendation from us.