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

8X8 (NASDAQ:EGHT) posted its quarterly earnings results on Monday. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01, Briefing.com reports. The business had revenue of $181.00 million during the quarter, compared to analysts’ expectations of $178.38 million. 8X8 had a negative return on equity of 6.06% and a negative net margin of 9.68%. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period last year, the firm earned $0.02 EPS. 8X8 updated its FY 2025 guidance to EPS and its Q3 2025 guidance to EPS.

8X8 Trading Up 2.1 %

Shares of NASDAQ:EGHT traded up $0.06 during midday trading on Thursday, reaching $2.92. The company’s stock had a trading volume of 434,363 shares, compared to its average volume of 1,197,243. The firm has a market cap of $374.72 million, a price-to-earnings ratio of -5.20 and a beta of 1.54. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 3.93. 8X8 has a 1 year low of $1.51 and a 1 year high of $3.92. The business has a 50 day moving average price of $1.99 and a 200 day moving average price of $2.26.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Mizuho lifted their price objective on 8X8 from $2.50 to $2.75 and gave the stock a “neutral” rating in a report on Tuesday. StockNews.com raised 8X8 from a “hold” rating to a “buy” rating in a report on Monday. Needham & Company LLC reduced their price objective on 8X8 from $3.50 to $3.00 and set a “buy” rating for the company in a report on Friday, August 9th. Rosenblatt Securities cut their price target on 8X8 from $4.00 to $3.50 and set a “buy” rating for the company in a report on Monday, October 28th. Finally, B. Riley reissued a “buy” rating and issued a $4.00 price target (down from $7.00) on shares of 8X8 in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price 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.