8X8’s (EGHT) Buy Rating Reiterated at Rosenblatt Securities

Posted by Francis Steltz on Aug 5th, 2026

8X8 (NASDAQ:EGHT – Get Free Report)‘s stock had its “buy” rating reaffirmed by Rosenblatt Securities in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $3.00 target price on the stock. Rosenblatt Securities’ target price indicates a potential upside of 33.93% from the stock’s previous close.

Separately, Weiss Ratings raised 8X8 from a “sell (e+)” rating to a “sell (d)” rating in a report on Thursday, June 4th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $2.45.

Get Our Latest Research Report on EGHT

8X8 Stock Performance

Shares of 8X8 stock opened at $2.24 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.93. The firm has a market capitalization of $317.59 million, a P/E ratio of 112.06, a P/E/G ratio of 1.49 and a beta of 1.83. The business has a fifty day simple moving average of $1.90 and a two-hundred day simple moving average of $2.01. 8X8 has a 12 month low of $1.57 and a 12 month high of $2.88.

Insider Activity at 8X8

In related news, Director Elizabeth Harriet Theophille sold 20,207 shares of the firm’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $1.81, for a total transaction of $36,574.67. Following the completion of the sale, the director owned 167,086 shares of the company’s stock, valued at $302,425.66. This trade represents a 10.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.13% of the stock is currently owned by insiders.

Hedge Funds Weigh In On 8X8

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC purchased a new stake in 8X8 during the 1st quarter valued at $25,000. Prelude Capital Management LLC bought a new stake in shares of 8X8 in the 3rd quarter worth $26,000. CIBC Bancorp USA Inc. purchased a new position in shares of 8X8 in the third quarter worth $30,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of 8X8 in the third quarter worth $31,000. Finally, Abel Hall LLC bought a new position in shares of 8X8 during the fourth quarter valued at $33,000. 93.99% of the stock is owned by institutional investors.

More 8X8 News

Here are the key news stories impacting 8X8 this week:

Positive Sentiment: Record revenue and an earnings beat: 8×8 reported fiscal Q1 2027 revenue of $190.17 million and adjusted earnings of $0.09 per share, exceeding consensus estimates cited by analysts. The quarter also marked a year-over-year improvement from $0.08 per share. 8×8 Reports Record Revenue in First Quarter 8×8 Surpasses Q1 Earnings and Revenue Estimates
Positive Sentiment: Revenue outlook increased above expectations: Management guided fiscal Q2 revenue to $185 million-$190 million, above the $184 million consensus estimate, and raised or reaffirmed fiscal 2027 revenue guidance at $745 million-$765 million versus consensus of $737.6 million. Fiscal-year EPS guidance of $0.33-$0.38 begins at the consensus estimate of $0.33. 8×8 Q2 Beats on Revenue and Full-Year Outlook
Positive Sentiment: AI and customer-experience momentum: 8×8 said AI adoption more than doubled, while demand for its customer-experience offerings accelerated. This supports the company’s strategy of using AI to drive platform usage and future revenue growth. 8×8 AI Adoption More Than Doubles
Neutral Sentiment: Profitability remains a consideration: Although EPS beat estimates, reported net margin was only 0.22%, meaning investors may continue to focus on whether revenue growth and AI adoption translate into durable margin expansion. 8×8 Fiscal Q1 Earnings Snapshot

8X8 Company Profile

(Get Free Report)

8×8, Inc (NASDAQ: EGHT) is a global provider of cloud-based enterprise communications, collaboration and contact centre solutions. The company’s unified communications as a service (UCaaS) platform integrates voice, video, chat, SMS and contact-centre capabilities into a single, software-driven solution. By combining real-time analytics, team messaging and interoperability with third-party business applications, 8×8 aims to simplify communications infrastructure for organisations of all sizes.

Founded in 1987 and headquartered in Campbell, California, 8×8 pioneered hosted VoIP services for businesses in the late 1990s and went public on the NASDAQ in 1997.