EGHT Stock Price 8X8 Inc Stock Quote U.S.: Nasdaq

If a brand is a referral partner, we’re paid when you click or tap through to, open an account with or provide your contact information to the provider. Partnerships are not a recommendation for you to invest with any one company. Its various products involve elevated research and development and sales and marketing expenses relative to its modest revenue base to remain competitive. Highlights important summary options statistics to provide a forward looking indication of investors’ sentiment. These two companies an enjoying explosive top-line growth, but their stock charts are going way down anyway.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into 8×8 Inc Common Stock’s future profitability. By accounting for growth, it could also help you if you’re comparing the share prices of multiple high-growth companies. According to 8 analysts, the average rating for EGHT stock is “Buy.” The 12-month stock price forecast is $4.59, which is an increase of 72.88% from the latest price. Dividend yield allows investors, particularly those interested in dividend-paying stocks,
to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price. Finder monitors and updates our site to ensure that what we’re sharing is clear, honest and current.

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News8X8 Inc.EGHT

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These undervalued technology companies have explosive growth potential. Robust customer retention helped 8×8 deliver earnings far ahead of analyst expectations. 8X8’s stock is owned by many different retail and institutional investors.

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
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8×8, Inc., is a United States-based company, which provides telecommunication services and technology for Internet protocol (IP), telephony and video applications. The Company provides voice over Internet protocol (VoIP) and Video Telephone service that enables broadband Internet users to add digital voice and video communications services to their Internet connections. 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. 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.

Overall market sentiment has been down on 8×8 Inc (EGHT) stock lately. EGHT receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements.

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. https://1investing.in/ 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.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023. Click the link below and we’ll send you MarketBeat’s guide to pot stock investing and which pot companies show the most promise. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season.

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.

About 8X8 (NASDAQ:EGHT) Stock

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.

9 analysts have issued 1-year target prices for 8X8’s shares. On average, they predict the company’s stock price to reach $5.13 in the next twelve months. This suggests a possible upside of 98.0% from the stock’s current price.

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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.

• Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity.
• We’d like to share more about how we work and what drives our day-to-day business.
• Overall market sentiment has been down on 8×8 Inc (EGHT) stock lately.
• The company issued revenue guidance of $180.00 million-$186.00 million, compared to the consensus revenue estimate of $189.88 million.

Looking forward, management anticipates fiscal Q3 revenue growth to decelerate to a range of 11% to 12%. That outlook may need an update because of the potential implications of Pfizer’s and BioNTech’s coronavirus vaccine candidate, though. But in any case, the forecast low-double-digit revenue growth isn’t likely to improve should the threat of the coronavirus wane, which would reduce the need for remote communications. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. 8X8 saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 17,220,000 shares, an increase of 13.1% from the August 15th total of 15,220,000 shares.

Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks.

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Thanks to acquisitions and internal developments, 8×8 has built a comprehensive cloud communications portfolio that includes unified communications, video conferencing, and contact center solutions. In addition, the company proposes APIs (application programming interfaces) for enterprises to integrate communication services such as SMS into their applications. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year.

Finder.com compares a wide range of products, providers and services but we don’t provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. 8×8 Inc Common Stock is a software-application business based in the US. 8×8 Inc Common Stock shares (EGHT) are listed on the NASDAQ and all prices are listed in US Dollars.

Our information is based on independent research and may differ from what you see from a financial institution or service provider. When comparing offers or services, verify relevant information with the institution or provider’s site. The cloud communications specialist beat the Street’s expectations, but analysts worry about rampant competition. 8X8 issued an update on its second quarter 2024 earnings guidance on Tuesday, August, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $180.00 million-$186.00 million, compared to the consensus revenue estimate of $189.88 million.

The company also offers and X1 through X4 and X5 through X8, which provide enterprise-grade voice, unified communications, and video meetings and team collaboration, and contact center solutions. It markets its services to end users through industry conferences, trade shows, Webinars, and digital advertising channels. The company was incorporated in 1987 and is headquartered in Campbell, California. Located in South-Central Wisconsin, Lake Ridge Bank’s employees span 21 branch locations and work closely with customers to understand their needs and provide tailored financial solutions. Employing over 385 employees, Lake Ridge Bank needed an integrated contact center and unified communications platform across mobile, desktop, and web that was scalable and provided easy to manage and use functionality.

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. volatility definition 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.

Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. Over the last 12 months, 8×8 Inc Common Stock’s shares have ranged in value from as little as $2.5 up to $6.49. Besides its operational challenges, 8×8 must also deal with a less-than-ideal balance sheet that could involve expensive refinancing during economic uncertainties. At the end of the last quarter, total debt exceeded cash, restricted cash, and investments by $124.9 million, while the company has yet to generate positive free cash flow.