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

8X8 (NASDAQ:EGHT) released its earnings results on Monday. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01, Briefing.com reports. 8X8 had a negative return on equity of 6.51% and a negative net margin of 8.65%. The firm had revenue of $181.00 million for the quarter, compared to analyst estimates of $178.38 million. During the same period in the previous year, the company earned $0.02 earnings per share. 8X8’s revenue was down 2.2% compared to the same quarter last year. 8X8 updated its FY 2025 guidance to EPS and its Q3 2025 guidance to EPS.

8X8 Stock Up 4.0 %

8X8 stock traded up $0.11 during mid-day trading on Wednesday, hitting $2.86. The company’s stock had a trading volume of 1,816,082 shares, compared to its average volume of 1,200,763. 8X8 has a 52-week low of $1.51 and a 52-week high of $3.92. The company has a market cap of $367.02 million, a PE ratio of -5.72 and a beta of 1.54. The company has a debt-to-equity ratio of 3.93, a current ratio of 1.50 and a quick ratio of 1.50. The firm’s 50 day moving average is $1.99 and its 200 day moving average is $2.26.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. StockNews.com raised shares of 8X8 from a “hold” rating to a “buy” rating in a research note on Monday. Wells Fargo & Company lifted their price target on shares of 8X8 from $1.50 to $2.00 and gave the stock an “underweight” rating in a research report on Tuesday. Rosenblatt Securities cut their price objective on 8X8 from $4.00 to $3.50 and set a “buy” rating for the company in a research report on Monday, October 28th. Mizuho boosted their target price on 8X8 from $2.50 to $2.75 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Wedbush upgraded 8X8 to a “hold” rating in a research report on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $2.82.

8X8 Company Profile

8×8, Inc provides voice, video, chat, contact center, and enterprise-class application programmable interface (API) Software-as-a-Service solutions for small business, mid-market, enterprise customers, government agencies, and other organizations worldwide. It offers 8×8 Work, a self-contained end-to-end united communications solution that delivers voice services, secure video meetings, and unified messaging, including direct messages, public and private team messaging rooms, and peer-to-peer short and multimedia messaging; 8×8 Contact Center, a cloud-based contact center as-a-service solution; and 8×8 Engage, an artificial intelligence-powered solution that equips customer-facing employees outside the contact center with the tools and capabilities to deliver successful customer engagements.