Wedbush Weighs in on 8X8’s Q3 Earnings (NASDAQ:EGHT)

8×8 Inc (NASDAQ:EGHT) – Wedbush boosted their Q3 2026 earnings per share estimates for 8X8 in a research note issued on Wednesday, November 5th. Wedbush analyst D. Ives now expects that the company will earn $0.04 per share for the quarter, up from their previous estimate of $0.03. The consensus estimate for 8X8’s current full-year earnings is $0.04 per share. Wedbush also issued estimates for 8X8’s FY2026 earnings at $0.15 EPS, Q1 2027 earnings at $0.03 EPS, Q2 2027 earnings at $0.04 EPS, Q3 2027 earnings at $0.05 EPS, Q4 2027 earnings at $0.06 EPS and FY2027 earnings at $0.19 EPS.

Several other analysts have also recently issued reports on the stock. Rosenblatt Securities reissued a “buy” rating and set a $2.50 price target on shares of 8X8 in a research report on Wednesday, November 5th. Morgan Stanley set a $1.90 target price on shares of 8X8 in a research note on Friday, August 29th. Wall Street Zen raised shares of 8X8 from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 5th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of 8X8 in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, 8X8 currently has a consensus rating of “Reduce” and a consensus target price of $2.49.

8X8 Stock Performance

Shares of 8X8 stock opened at $1.92 on Monday. The stock has a market capitalization of $266.19 million, a price-to-earnings ratio of -12.00, a price-to-earnings-growth ratio of 2.13 and a beta of 1.94. The company has a debt-to-equity ratio of 2.56, a current ratio of 1.18 and a quick ratio of 1.18. The business has a 50-day moving average of $2.01 and a 200 day moving average of $1.92. 8X8 has a 12 month low of $1.52 and a 12 month high of $3.52.

Institutional Trading of 8X8

Hedge funds and other institutional investors have recently bought and sold shares of the business. National Bank of Canada FI purchased a new position in shares of 8X8 in the 1st quarter valued at about $26,000. Nisa Investment Advisors LLC increased its stake in 8X8 by 359.7% in the second quarter. Nisa Investment Advisors LLC now owns 13,042 shares of the company’s stock valued at $26,000 after purchasing an additional 10,205 shares during the last quarter. Diversified Trust Co acquired a new stake in 8X8 during the second quarter worth approximately $28,000. Algert Global LLC acquired a new position in shares of 8X8 in the 1st quarter valued at $29,000. Finally, R Squared Ltd purchased a new position in shares of 8X8 in the 2nd quarter valued at $34,000. 93.99% of the stock is currently owned by institutional investors and hedge funds.

About 8X8

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.