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

8X8 (NASDAQ:EGHT) released its quarterly 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. The company had revenue of $181.00 million during the quarter, compared to the consensus estimate of $178.38 million. 8X8 had a negative net margin of 9.68% and a negative return on equity of 6.06%. 8X8’s revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.02 earnings per share. 8X8 updated its FY 2025 guidance to EPS and its Q3 2025 guidance to EPS.

8X8 Price Performance

Shares of NASDAQ:EGHT traded up $0.07 on Thursday, reaching $2.93. The company’s stock had a trading volume of 563,957 shares, compared to its average volume of 1,197,690. The company has a market cap of $376.01 million, a P/E ratio of -5.20 and a beta of 1.54. 8X8 has a 52-week low of $1.51 and a 52-week high of $3.92. The company has a debt-to-equity ratio of 3.93, a quick ratio of 1.50 and a current ratio of 1.50. The company has a 50-day simple moving average of $1.99 and a 200 day simple moving average of $2.26.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Rosenblatt Securities cut their price objective on shares of 8X8 from $4.00 to $3.50 and set a “buy” rating on the stock in a report on Monday, October 28th. Wells Fargo & Company lifted their price objective on 8X8 from $1.50 to $2.00 and gave the stock an “underweight” rating in a report on Tuesday. Wedbush raised shares of 8X8 to a “hold” rating in a report on Thursday, October 17th. Needham & Company LLC reduced their price target on shares of 8X8 from $3.50 to $3.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Finally, B. Riley restated a “buy” rating and set a $4.00 price objective (down previously from $7.00) on shares of 8X8 in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, 8X8 currently has an average rating of “Hold” and an average price target of $2.82.

About 8X8

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.