8X8 (NASDAQ:EGHT) Releases Earnings Results, Beats Expectations By $0.04 EPS

8X8 (NASDAQ:EGHT) posted its earnings results on Tuesday. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04, Zacks reports. 8X8 had a positive return on equity of 11.38% and a negative net margin of 2.96%. 8X8 updated its FY 2026 guidance to 0.310-0.330 EPS and its Q3 2026 guidance to 0.080-0.090 EPS.

8X8 Price Performance

8X8 stock traded down $0.09 during midday trading on Tuesday, reaching $1.77. The company’s stock had a trading volume of 730,554 shares, compared to its average volume of 1,016,760. 8X8 has a 52 week low of $1.52 and a 52 week high of $3.52. 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 business has a 50-day moving average price of $2.01 and a 200-day moving average price of $1.91. The stock has a market cap of $241.37 million, a PE ratio of -11.06, a price-to-earnings-growth ratio of 2.13 and a beta of 1.89.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in EGHT. Bridgeway Capital Management LLC boosted its position in 8X8 by 150.0% during the 2nd quarter. Bridgeway Capital Management LLC now owns 125,000 shares of the company’s stock worth $245,000 after buying an additional 75,000 shares during the period. Brevan Howard Capital Management LP raised its stake in shares of 8X8 by 229.5% during the second quarter. Brevan Howard Capital Management LP now owns 128,753 shares of the company’s stock valued at $252,000 after acquiring an additional 89,672 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of 8X8 by 10.2% during the second quarter. Bank of America Corp DE now owns 4,727,644 shares of the company’s stock worth $9,266,000 after purchasing an additional 436,909 shares during the period. AQR Capital Management LLC lifted its holdings in shares of 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 grew its stake in shares of 8X8 by 10.8% in the second quarter. Rhumbline Advisers now owns 203,407 shares of the company’s stock worth $399,000 after purchasing an additional 19,813 shares during the last quarter. Institutional investors own 93.99% of the company’s stock.

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.