8X8 (NASDAQ:EGHT) Posts Earnings Results

8X8 (NASDAQ:EGHT) posted its quarterly earnings results on Tuesday. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03, Zacks reports. 8X8 had a negative net margin of 9.68% and a negative return on equity of 6.00%. 8X8 updated its FY 2025 guidance to EPS and its Q4 2025 guidance to EPS.

8X8 Stock Up 4.4 %

EGHT stock opened at $2.84 on Wednesday. The firm has a market cap of $371.07 million, a PE ratio of -5.16, a P/E/G ratio of 24.05 and a beta of 1.66. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.18 and a current ratio of 1.18. The firm’s fifty day moving average is $2.81 and its 200 day moving average is $2.44. 8X8 has a one year low of $1.51 and a one year high of $3.41.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on EGHT shares. StockNews.com cut shares of 8X8 from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Wedbush raised shares of 8X8 to a “hold” rating in a report on Thursday, October 17th. Wells Fargo & Company raised their target price on shares of 8X8 from $1.50 to $2.00 and gave the stock an “underweight” rating in a report on Tuesday, November 5th. Rosenblatt Securities reduced their target price on shares of 8X8 from $3.50 to $3.30 and set a “buy” rating for the company in a report on Monday. Finally, B. Riley reissued a “buy” rating and set a $4.00 target price (down previously from $7.00) on shares of 8X8 in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, 8X8 currently has a consensus rating of “Hold” and an average target price of $2.91.

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.