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

8X8 (NASDAQ:EGHT) updated its FY 2026 earnings guidance on Tuesday. The company provided EPS guidance of 0.310-0.330 for the period, compared to the consensus EPS estimate of 0.220. The company issued revenue guidance of $712.0 million-$726.0 million, compared to the consensus revenue estimate of $714.3 million. 8X8 also updated its Q3 2026 guidance to 0.080-0.090 EPS.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EGHT. Morgan Stanley set a $1.90 price target on 8X8 in a research note on Friday, August 29th. Rosenblatt Securities reissued a “buy” rating and issued a $2.50 price objective on shares of 8X8 in a research report on Thursday, August 21st. Weiss Ratings reissued a “sell (d-)” rating on shares of 8X8 in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of 8X8 from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 5th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $2.49.

8X8 Stock Performance

NASDAQ EGHT traded down $0.09 during trading on Tuesday, reaching $1.77. The company’s stock had a trading volume of 730,553 shares, compared to its average volume of 1,016,714. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 2.56. The firm has a market capitalization of $241.37 million, a price-to-earnings ratio of -11.06, a price-to-earnings-growth ratio of 2.13 and a beta of 1.89. 8X8 has a 12 month low of $1.52 and a 12 month high of $3.52. The firm has a 50 day moving average price of $2.01 and a 200 day moving average price of $1.91.

Institutional Trading of 8X8

A number of institutional investors have recently modified their holdings of the stock. Bank of America Corp DE lifted its position in shares of 8X8 by 10.2% during the 2nd quarter. Bank of America Corp DE now owns 4,727,644 shares of the company’s stock valued at $9,266,000 after acquiring an additional 436,909 shares during the period. Geode Capital Management LLC lifted its position in 8X8 by 2.7% during the second quarter. Geode Capital Management LLC now owns 3,228,294 shares of the company’s stock worth $6,329,000 after purchasing an additional 84,176 shares during the period. JPMorgan Chase & Co. lifted its position in 8X8 by 33.3% during the second quarter. JPMorgan Chase & Co. now owns 2,516,232 shares of the company’s stock worth $4,932,000 after purchasing an additional 628,024 shares during the period. AQR Capital Management LLC lifted its position in 8X8 by 36.0% during the second quarter. AQR Capital Management LLC now owns 2,111,511 shares of the company’s stock worth $4,139,000 after purchasing an additional 558,562 shares during the period. Finally, Rhumbline Advisers lifted its holdings in shares of 8X8 by 10.8% during the 2nd quarter. Rhumbline Advisers now owns 203,407 shares of the company’s stock worth $399,000 after acquiring an additional 19,813 shares during the period. 93.99% of the stock is currently owned by institutional investors.

8X8 Company Profile

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.