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

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

8X8 Stock Performance

Shares of NASDAQ:EGHT traded up $0.11 during trading hours on Wednesday, hitting $2.86. The stock had a trading volume of 1,816,082 shares, compared to its average volume of 1,200,763. The stock’s fifty day simple moving average is $1.99 and its 200 day simple moving average is $2.26. The firm has a market capitalization of $367.02 million, a price-to-earnings ratio of -5.72 and a beta of 1.54. The company has a debt-to-equity ratio of 3.93, a quick ratio of 1.50 and a current ratio of 1.50. 8X8 has a 1-year low of $1.51 and a 1-year high of $3.92.

Wall Street Analyst Weigh In

Several research analysts have recently commented on EGHT shares. Needham & Company LLC decreased their target price on 8X8 from $3.50 to $3.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Rosenblatt Securities decreased their price objective on shares of 8X8 from $4.00 to $3.50 and set a “buy” rating for the company in a report on Monday, October 28th. Barclays increased their target price on shares of 8X8 from $2.00 to $2.50 and gave the stock an “equal weight” rating in a report on Tuesday. Wells Fargo & Company lifted their price target on shares of 8X8 from $1.50 to $2.00 and gave the company an “underweight” rating in a report on Tuesday. Finally, Wedbush raised shares of 8X8 to a “hold” rating in a report on Thursday, October 17th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, 8X8 currently has an average rating of “Hold” and a consensus 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.