8X8 (NASDAQ:EGHT) Posts 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, topping the consensus estimate of $0.08 by $0.01, Briefing.com reports. The company had revenue of $181.00 million for 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%. The firm’s revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.02 EPS. 8X8 updated its FY 2025 guidance to EPS and its Q3 2025 guidance to EPS.

8X8 Stock Performance

NASDAQ:EGHT traded up $0.07 during trading hours on Thursday, hitting $2.93. 563,957 shares of the company were exchanged, compared to its average volume of 1,197,690. The company has a debt-to-equity ratio of 3.93, a current ratio of 1.50 and a quick ratio of 1.50. 8X8 has a 52-week low of $1.51 and a 52-week high of $3.92. The stock has a market capitalization of $376.01 million, a price-to-earnings ratio of -5.20 and a beta of 1.54. The company’s 50 day moving average price is $1.99 and its 200-day moving average price is $2.26.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on EGHT. Barclays raised their target price on shares of 8X8 from $2.00 to $2.50 and gave the stock an “equal weight” rating in a research report on Tuesday. StockNews.com raised shares of 8X8 from a “hold” rating to a “buy” rating in a research note on Monday. Wedbush upgraded shares of 8X8 to a “hold” rating in a report on Thursday, October 17th. Rosenblatt Securities dropped their target price on 8X8 from $4.00 to $3.50 and set a “buy” rating on the stock in a research report on Monday, October 28th. Finally, Needham & Company LLC cut their price objective on shares of 8X8 from $3.50 to $3.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has an average 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.