8X8 (NASDAQ:EGHT) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

8X8 (NASDAQ:EGHT) released its quarterly earnings data on Monday. The company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01, Zacks reports. 8X8 had a negative return on equity of 1.45% and a negative net margin of 6.33%. 8X8 updated its Q1 2026 guidance to 0.070-0.090 EPS and its FY 2026 guidance to 0.340-0.370 EPS.

8X8 Price Performance

8X8 stock traded down $0.01 during mid-day trading on Monday, hitting $1.80. The stock had a trading volume of 2,089,801 shares, compared to its average volume of 1,065,224. The firm has a market capitalization of $237.05 million, a P/E ratio of -5.00, a P/E/G ratio of 6.08 and a beta of 1.80. The company has a current ratio of 1.25, a quick ratio of 1.24 and a debt-to-equity ratio of 3.08. The firm’s 50 day moving average is $1.87 and its 200 day moving average is $2.47. 8X8 has a one year low of $1.51 and a one year high of $3.52.

Insider Buying and Selling at 8X8

In related news, major shareholder Sylebra Capital Llc sold 50,000 shares of the stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $2.14, for a total value of $107,000.00. Following the completion of the transaction, the insider now owns 14,187,327 shares of the company’s stock, valued at approximately $30,360,879.78. This trade represents a 0.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 254,678 shares of company stock valued at $562,412 in the last 90 days. Insiders own 1.22% of the company’s stock.

Institutional Trading of 8X8

A hedge fund recently raised its stake in 8X8 stock. Dynamic Technology Lab Private Ltd boosted its holdings in shares of 8×8, Inc. (NASDAQ:EGHT) by 505.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,147 shares of the company’s stock after buying an additional 66,070 shares during the quarter. Dynamic Technology Lab Private Ltd owned approximately 0.06% of 8X8 worth $158,000 as of its most recent SEC filing. Institutional investors own 93.99% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Mizuho cut their target price on 8X8 from $2.50 to $2.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 15th. Wells Fargo & Company dropped their price target on 8X8 from $2.00 to $1.50 and set an “underweight” rating on the stock in a research report on Tuesday, April 22nd. Rosenblatt Securities dropped their price target on 8X8 from $3.30 to $2.70 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Weiss Ratings reissued a “sell (d-)” rating on shares of 8X8 in a research report on Saturday, May 10th. Finally, Morgan Stanley lowered their price objective on 8X8 from $2.60 to $1.90 and set an “underweight” rating on the stock in a research report on Wednesday, April 16th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $2.51.

About 8X8

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.