8X8 (NASDAQ:EGHT) Releases Q1 2026 Earnings Guidance

8X8 (NASDAQ:EGHT) updated its first quarter 2026 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 0.070-0.090 for the period, compared to the consensus estimate of 0.090. The company issued revenue guidance of $175.0 million-$182.0 million, compared to the consensus revenue estimate of $178.4 million. 8X8 also updated its FY 2026 guidance to 0.340-0.370 EPS.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Morgan Stanley cut their price objective on 8X8 from $2.60 to $1.90 and set an “underweight” rating on the stock in a report on Wednesday, April 16th. Weiss Ratings restated a “sell (d-)” rating on shares of 8X8 in a report on Saturday, May 10th. B. Riley restated a “buy” rating and set a $3.00 price target (down previously from $4.00) on shares of 8X8 in a report on Wednesday, May 14th. Barclays upped their price target on 8X8 from $2.50 to $3.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 5th. Finally, Wells Fargo & Company cut their price target on 8X8 from $2.00 to $1.50 and set an “underweight” rating on the stock in a report on Tuesday, April 22nd. Three analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $2.51.

8X8 Stock Performance

Shares of NASDAQ EGHT traded down $0.01 during trading hours on Monday, reaching $1.80. The stock had a trading volume of 2,089,801 shares, compared to its average volume of 1,065,224. The firm has a market cap of $237.05 million, a price-to-earnings ratio of -5.00, a PEG ratio of 6.08 and a beta of 1.80. The company has a current ratio of 1.25, a quick ratio of 1.24 and a debt-to-equity ratio of 3.08. 8X8 has a fifty-two week low of $1.51 and a fifty-two week high of $3.52. The firm has a 50-day moving average of $1.87 and a 200-day moving average of $2.47.

8X8 (NASDAQ:EGHT) last announced its earnings results on Monday, May 19th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. 8X8 had a negative return on equity of 1.45% and a negative net margin of 6.33%. Equities research analysts predict that 8X8 will post 0.04 earnings per share for the current year.

Insider Activity at 8X8

In related news, major shareholder Sylebra Capital Llc sold 100,000 shares of the company’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $2.23, for a total value of $223,000.00. Following the completion of the sale, the insider now directly owns 14,289,476 shares of the company’s stock, valued at $31,865,531.48. This represents a 0.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 254,678 shares of company stock valued at $562,412 in the last three months. 1.22% of the stock is currently owned by company insiders.

Institutional Trading of 8X8

An institutional investor recently raised its position in 8X8 stock. Dynamic Technology Lab Private Ltd lifted its holdings in shares of 8×8, Inc. (NASDAQ:EGHT) by 505.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 79,147 shares of the company’s stock after buying an additional 66,070 shares during the period. Dynamic Technology Lab Private Ltd owned about 0.06% of 8X8 worth $158,000 at the end of the most recent reporting period. Institutional investors own 93.99% of the company’s stock.

8X8 Company Profile

8×8, Inc engages in the provision of enterprise communication solutions. It offers solutions to the business services, education, financial services, government, healthcare, and manufacturing industries. The company was founded in February 1987 and is headquartered in Campbell, CA.