8X8 (NASDAQ:EGHT) Issues Q1 2027 Earnings Guidance

8X8 (NASDAQ:EGHT) updated its first quarter 2027 earnings guidance on Tuesday. The company provided EPS guidance of 0.080-0.090 for the period, compared to the consensus EPS estimate of 0.070. The company issued revenue guidance of $180.0 million-$185.0 million, compared to the consensus revenue estimate of $182.3 million. 8X8 also updated its FY 2027 guidance to 0.330-0.380 EPS.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EGHT. Rosenblatt Securities lowered their target price on 8X8 from $3.50 to $2.75 and set a “buy” rating for the company in a research report on Thursday, February 5th. Zacks Research lowered 8X8 from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Finally, Weiss Ratings raised 8X8 from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $2.33.

8X8 Stock Up 0.8%

Shares of EGHT traded up $0.02 during trading hours on Tuesday, hitting $2.41. The stock had a trading volume of 3,347,331 shares, compared to its average volume of 1,647,978. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a 50 day simple moving average of $2.02 and a 200-day simple moving average of $2.03. The firm has a market capitalization of $335.76 million, a P/E ratio of -120.44, a price-to-earnings-growth ratio of 1.80 and a beta of 1.83. 8X8 has a 1-year low of $1.56 and a 1-year high of $2.88.

Hedge Funds Weigh In On 8X8

A number of hedge funds have recently added to or reduced their stakes in EGHT. Cetera Investment Advisers lifted its position in shares of 8X8 by 18.5% during the 4th quarter. Cetera Investment Advisers now owns 43,909 shares of the company’s stock worth $87,000 after buying an additional 6,859 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of 8X8 by 214.8% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 31,572 shares of the company’s stock worth $67,000 after buying an additional 21,544 shares in the last quarter. HRT Financial LP bought a new position in shares of 8X8 during the 4th quarter worth approximately $64,000. Captrust Financial Advisors lifted its position in shares of 8X8 by 18.2% during the 4th quarter. Captrust Financial Advisors now owns 28,162 shares of the company’s stock worth $55,000 after buying an additional 4,334 shares in the last quarter. Finally, IHT Wealth Management LLC lifted its position in shares of 8X8 by 25.0% during the 4th quarter. IHT Wealth Management LLC now owns 25,000 shares of the company’s stock worth $49,000 after buying an additional 5,000 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

8X8 Company Profile

8×8, Inc (NASDAQ: EGHT) is a global provider of cloud-based enterprise communications, collaboration and contact centre solutions. The company’s unified communications as a service (UCaaS) platform integrates voice, video, chat, SMS and contact-centre capabilities into a single, software-driven solution. By combining real-time analytics, team messaging and interoperability with third-party business applications, 8×8 aims to simplify communications infrastructure for organisations of all sizes.

Founded in 1987 and headquartered in Campbell, California, 8×8 pioneered hosted VoIP services for businesses in the late 1990s and went public on the NASDAQ in 1997.