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EGHT

EGHT - 8x8 Inc Stock Price, Fair Value and News

2.16USD-0.07 (-3.14%)Market Closed

Market Summary

EGHT
USD2.16-0.07
Market Closed
-3.14%

EGHT Stock Price

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EGHT RSI Chart

EGHT Valuation

Market Cap

275.2M

Price/Earnings (Trailing)

-5.15

Price/Sales (Trailing)

0.38

EV/EBITDA

-19.52

Price/Free Cashflow

3.56

EGHT Price/Sales (Trailing)

EGHT Profitability

EBT Margin

-6.83%

Return on Equity

-48.72%

Return on Assets

-6.46%

Free Cashflow Yield

28.09%

EGHT Fundamentals

EGHT Revenue

Revenue (TTM)

733.8M

Rev. Growth (Yr)

-1.84%

Rev. Growth (Qtr)

-2.16%

EGHT Earnings

Earnings (TTM)

-53.4M

Earnings Growth (Yr)

18.47%

Earnings Growth (Qtr)

-184.78%

Breaking Down EGHT Revenue

Last 7 days

-7.1%

Last 30 days

-16.5%

Last 90 days

-33.4%

Trailing 12 Months

-38.6%

How does EGHT drawdown profile look like?

EGHT Financial Health

Current Ratio

1.31

Debt/Equity

1.8

Debt/Cashflow

0.4

EGHT Investor Care

Shares Dilution (1Y)

9.18%

Diluted EPS (TTM)

-0.44

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2023743.9M739.6M737.2M733.8M
2022638.1M677.4M713.3M740.8M
2021532.3M558.9M581.3M601.5M
2020446.2M471.4M491.0M509.1M
2019352.6M366.0M389.9M418.5M
2018296.5M310.6M323.8M338.2M
2017253.4M262.4M271.7M283.6M
2016209.3M221.5M233.7M244.2M
2015162.4M172.4M183.7M195.5M
2014128.6M137.3M146.0M154.7M
2013105.6M109.6M115.1M121.5M
201285.8M92.5M98.0M101.2M
201170.2M71.8M74.3M79.8M
201063.4M65.1M66.8M68.5M
GRUFITY'S FAIR VALUE MODEL

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Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

PurpleZone


Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224


Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index
Very Expensive Stocks
Very Cheap Stocks
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Tracking the Latest Insider Buys and Sells of 8x8 Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Apr 16, 2024
seandel suzy m
sold
-16,436
2.2652
-7,256
chief accounting officer
Apr 15, 2024
kraus kevin
sold
-2,330
2.33
-1,000
chief financial officer
Apr 15, 2024
wilson samuel c.
sold
-4,543
2.2715
-2,000
chief executive officer
Mar 18, 2024
middleton hunter
sold
-26,708
2.6647
-10,023
chief product officer
Mar 18, 2024
kraus kevin
sold
-4,783
2.66468
-1,795
chief financial officer
Mar 18, 2024
denny laurence
sold
-9,320
2.66466
-3,498
chief legal officer
Mar 18, 2024
wilson samuel c.
sold
-36,612
2.66469
-13,740
chief executive officer
Mar 15, 2024
wilson samuel c.
sold
-5,348
2.674
-2,000
chief executive officer
Mar 15, 2024
kraus kevin
sold
-2,671
2.6715
-1,000
chief financial officer
Feb 16, 2024
kraus kevin
sold
-1,312
2.6949
-487
chief financial officer

1–10 of 50

Which funds bought or sold EGHT recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Apr 15, 2024
Legato Capital Management LLC
sold off
-100
-854,938
-
-%
Apr 12, 2024
Dynamic Advisor Solutions LLC
new
-
50,909
50,909
-%
Apr 12, 2024
BlueSky Wealth Advisors, LLC
unchanged
-
-20,291
50,728
0.04%
Apr 05, 2024
LOS ANGELES CAPITAL MANAGEMENT LLC
reduced
-0.42
-708,408
1,745,360
0.01%
Apr 05, 2024
CWM, LLC
added
1,330
11,000
12,000
-%
Apr 03, 2024
WealthCollab, LLC
new
-
4,306
4,306
-%
Mar 22, 2024
PNC Financial Services Group, Inc.
sold off
-100
-5,594
-
-%
Mar 11, 2024
VANGUARD GROUP INC
added
2.66
14,429,200
41,154,500
-%
Mar 01, 2024
GOLDMAN SACHS GROUP INC
added
45.69
1,289,870
2,378,070
-%
Feb 28, 2024
AMERICAN INTERNATIONAL GROUP, INC.
added
2.66
79,151
225,742
-%

1–10 of 40

Are Funds Buying or Selling EGHT?

Are funds buying EGHT calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own EGHT
No. of Funds

Unveiling 8x8 Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2024
arrowmark colorado holdings llc
11.28%
13,785,419
SC 13G/A
Feb 13, 2024
vanguard group inc
8.91%
10,887,429
SC 13G/A
Jan 25, 2024
blackrock inc.
9.3%
11,362,916
SC 13G/A
Oct 10, 2023
vanguard group inc
8.84%
10,605,256
SC 13G/A
Oct 06, 2023
blackrock inc.
9.3%
11,143,104
SC 13G/A
May 26, 2023
sylebra capital ltd
12.37%
14,389,476
SC 13D
Feb 15, 2023
arrowmark colorado holdings llc
11.44%
12,778,721
SC 13G/A
Feb 14, 2023
sylebra capital ltd
12.83%
14,328,391
SC 13G/A
Feb 14, 2023
tiger global management llc
0%
0
SC 13G/A
Feb 09, 2023
vanguard group inc
16.17%
18,056,572
SC 13G/A

Recent SEC filings of 8x8 Inc

View All Filings
Date Filed Form Type Document
Apr 17, 2024
4
Insider Trading
Apr 17, 2024
4
Insider Trading
Apr 17, 2024
4
Insider Trading
Apr 08, 2024
8-K
Current Report
Mar 21, 2024
8-K
Current Report
Mar 20, 2024
8-K
Current Report
Mar 19, 2024
4
Insider Trading
Mar 19, 2024
4
Insider Trading
Mar 19, 2024
4
Insider Trading
Mar 19, 2024
4
Insider Trading

Peers (Alternatives to 8x8 Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
268.0B
34.9B
-8.06% 39.18%
64.79
7.69
11.18% 1888.46%
149.4B
37.3B
-4.97% 126.73%
79.16
4.01
16.95% 120.64%
46.0B
5.3B
-15.78% 8.85%
50.14
8.6
9.15% 48.14%
28.4B
2.3B
-2.82% 1.38%
56.66
12.49
9.90% -4.45%
17.8B
4.5B
-10.77% -12.15%
27.88
3.93
3.06% 514.65%
MID-CAP
7.7B
620.4M
-2.15% 66.67%
2.9K
12.45
31.48% 103.97%
6.7B
4.4B
-3.62% 67.80%
-19.59
1.51
7.53% 78.52%
3.4B
970.0M
0.90% -15.87%
-19.13
3.53
13.46% 43.89%
3.2B
881.7M
-11.74% 32.17%
39.94
3.64
4.64% 44.42%
2.5B
296.4M
-29.09% -9.49%
-9.13
8.37
11.14% -3.59%
2.3B
228.1M
5.25% -2.33%
25.81
9.88
18.99% 599.09%
SMALL-CAP
1.2B
413.5M
0.63% -1.64%
92.02
2.88
-1.65% -71.35%
189.8M
572.4M
-33.69% -85.09%
-0.96
0.33
-19.38% -489.49%
180.2M
119.1M
-15.04% -58.05%
-19.56
1.51
24.27% 36.31%
145.7M
31.3M
38.43% 88.82%
-24.82
4.65
4.69% 43.72%

8x8 Inc News

Latest updates
Defense World12 hours ago
Simply Wall St12 Mar 202407:00 am
Seeking Alpha23 Feb 202408:00 am
Business Wire20 Feb 202408:00 am
Yahoo Finance2 months ago

8x8 Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
Income Statement (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue-2.2%181,006,000184,999,000183,287,000184,529,000184,400,000187,389,000187,620,000181,372,000156,874,000151,557,000148,327,000144,719,000136,685,000129,133,000121,807,000121,478,000118,567,000109,517,00096,675,00093,767,00089,912,000
Operating Expenses1.5%190,397,000187,582,000184,697,000180,996,000202,481,000212,379,000214,374,000221,911,000194,492,000188,714,000187,154,000184,755,000171,940,000162,231,000159,567,000167,632,000161,735,000147,461,000129,228,000121,192,000114,150,000
  S&GA Expenses-2.5%66,997,00068,687,00068,505,00068,848,00079,021,00080,487,00083,527,00084,785,00076,797,00076,726,00075,915,00070,696,00063,986,00061,399,00060,150,00065,420,00063,099,00057,895,00053,599,00049,525,00046,276,000
  R&D Expenses-4.2%32,787,00034,207,00035,292,00040,184,00035,062,00036,019,00034,955,00030,586,00027,911,00028,498,00025,392,00025,271,00023,702,00021,567,00021,494,00020,155,00019,870,00019,434,00018,331,00018,064,00016,886,000
EBITDA Margin19.8%-0.03-0.03-0.04-0.05-0.13-0.16-0.21-0.25-0.27-0.27-0.27-0.28---------
Interest Expenses-6,864,000--13,099,0004,409,000--1,250,000---907,000---906,000-----
Income Taxes233.9%521,000-389,0001,444,0001,766,00037,000599,000405,000-963,00087,000233,000256,000177,000301,000137,000228,000148,000280,000256,000148,000236,000112,000
Earnings Before Taxes-164.0%-20,701,000-7,841,000-13,883,000-7,665,000-25,993,000-11,040,000-25,638,000-46,545,000-43,484,000-42,091,000-43,650,000-44,857,000-39,924,000-38,276,000-41,685,000-49,952,000-46,791,000-40,676,000-34,117,000-27,895,000-23,659,000
EBT Margin9.1%-0.07-0.08-0.08-0.09-0.15-0.18-0.23-0.28-0.29-0.29-0.30-0.31---------
Net Income-184.8%-21,222,000-7,452,000-15,327,000-9,431,000-26,030,000-11,639,000-26,043,000-45,583,000-43,571,000-42,324,000-43,906,000-45,034,000-40,225,000-38,413,000-41,913,000-50,100,000-47,071,000-40,932,000-34,265,000-28,131,000-23,771,000
Net Income Margin7.8%-0.07-0.08-0.08-0.10-0.15-0.18-0.23-0.27-0.29-0.30-0.30-0.31---------
Free Cashflow34.3%21,613,00016,091,00026,287,00013,316,00014,642,00012,967,0004,870,00015,304,0008,466,0003,619,0003,154,000-656,000---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets0.4%827824828842836856889910756673676678693687688701732667558546304
  Current Assets7.3%302282274273255264273276368273266277274269268277302267357397162
    Cash Equivalents17.0%16914412211193.0010193.0010120010310911310712211715618516226928536.00
  Net PPE4.0%56.0054.0055.0058.0061.0069.0074.0079.0082.0087.0091.0093.0094.0096.0096.0094.0090.0065.0058.0053.0048.00
  Goodwill0.6%26726626626726626226526713113113213213213012912813113239.0040.0039.00
Liabilities0.5%71771372474274677175672863952051951852551350951051342832829776.00
  Current Liabilities0.6%23122923623016516917519212112112112112811612212312210989.0075.0071.00
  Long Term Debt0.1%198197197197264287494447441317313308304300296292287222219216-
    LT Debt, Current0.2%63.0063.0063.0063.00-----------------
    LT Debt, Non Current0.1%198197197197264287494447441317313308304300296292287222219216-
Shareholder's Equity-0.7%11011010510090.0085.00134182117153157161167174179191219239230249228
  Retained Earnings-2.6%-836-815-808-792-783-757-745-766-720-677-634-591-546-505-467-422-372-325-284-250-222
  Additional Paid-In Capital1.5%956941924906888867896957843836796756717688657625599575523507458
Shares Outstanding1.1%123122119115116118120118112111110106---------
Float------200---1,400---900---1,600---
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations28.2%22,39617,46326,47313,62215,48213,8415,84116,5269,0235,0994,032799-1,797-3,818-9,250-31,069-18,321-24,006-20,509-8,195-2,123
  Share Based Compensation-2.8%14,11814,52218,19516,02021,08124,62127,81427,17233,73735,83536,58732,69826,83925,32222,77920,57319,31717,39113,59712,93412,534
Cashflow From Investing-108.5%-5045,9436,7925,617-9,41215,686-5,841-129,856-1,368-17,608-11,146-9,179-15,676434-11,900-21,458-24,912-71,09511,1716,2084,931
Cashflow From Financing-100.0%-2,365-25,000-1,509-20,082-16,25865.005,46689,7676,7573,4357,2771,3444,705-1346,25365,361-8861,367250,268958
  Buy Backs------60,214--29,377----------192-552

EGHT Income Statement

2023-12-31
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended9 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Total revenue$ 181,006$ 184,400$ 549,292$ 559,409
Operating expenses:    
Research and development32,78735,062102,286106,036
Sales and marketing66,99779,021204,189243,035
General and administrative23,41927,15877,23187,788
Impairment of long-lived assets11,0343,72911,0346,153
Total operating expenses190,397202,481562,676629,234
Loss from operations(9,391)(18,081)(13,384)(69,825)
Other (expense) income, net(11,310)(7,912)(29,041)7,154
Loss before provision for income taxes(20,701)(25,993)(42,425)(62,671)
Provision for income taxes521371,5761,041
Net loss$ (21,222)$ (26,030)$ (44,001)$ (63,712)
Net loss per share:    
Basic (in dollars per share)$ (0.17)$ (0.23)$ (0.37)$ (0.55)
Diluted (in dollars per share)$ (0.17)$ (0.23)$ (0.37)$ (0.55)
Weighted average number of shares:    
Basic (in shares)122,556113,201120,042116,298
Diluted (in shares)122,556113,201120,042116,298
Service revenue    
Total revenue$ 175,069$ 175,765$ 528,089$ 533,482
Operating expenses:    
Cost of revenue48,98347,335144,403151,920
Other revenue    
Total revenue5,9378,63521,20325,927
Operating expenses:    
Cost of revenue$ 7,177$ 10,176$ 23,533$ 34,302

EGHT Balance Sheet

2023-12-31
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Mar. 31, 2023
Current assets:  
Cash and cash equivalents$ 168,513$ 111,400
Restricted cash, current356511
Short-term investments1,03526,228
Accounts receivable, net of allowance for expected credit losses of $2,723 and $3,644 as of December 31, 2023 and March 31, 2023, respectively63,04262,307
Deferred sales commission costs, current36,99638,048
Other current assets32,52834,630
Total current assets302,470273,124
Property and equipment, net55,66157,871
Operating lease, right-of-use assets38,54652,444
Intangible assets, net91,816107,112
Goodwill267,453266,863
Restricted cash, non-current462818
Deferred sales commission costs, non-current56,31767,644
Other assets, non-current13,99315,934
Total assets826,718841,810
Current liabilities:  
Accounts payable49,49346,802
Accrued compensation20,57329,614
Accrued taxes37,78129,570
Operating lease liabilities, current11,76311,504
Deferred revenue, current32,77834,909
Convertible senior notes, current63,26062,932
Other accrued liabilities14,87814,556
Total current liabilities230,526229,887
Operating lease liabilities, non-current59,41765,623
Deferred revenue, non-current10,12810,615
Convertible senior notes197,561196,821
Term loan211,092231,993
Other liabilities, non-current8,3226,965
Total liabilities 717,046741,904
Commitments and contingencies (Note 5)
Stockholders' equity:  
Preferred stock: $0.001 par value, 5,000,000 shares authorized, none issued and outstanding as of December 31, 2023 and March 31, 202300
Common stock: $0.001 par value, 300,000,000 shares authorized, 123,219,383 shares and 114,659,255 shares issued and outstanding as of December 31, 2023 and March 31, 2023, respectively123115
Additional paid-in capital956,005905,635
Accumulated other comprehensive loss(9,538)(12,927)
Accumulated deficit(836,918)(792,917)
Total stockholders' equity109,67299,906
Total liabilities and stockholders' equity$ 826,718$ 841,810
EGHT
8x8, Inc. provides voice, video, chat, contact center, and enterprise-class application programmable interface (API) Software-as-a-Service solutions for small and mid-size businesses, mid-market and larger enterprises, government agencies, and other organizations worldwide. It provides 8x8 Work, a self-contained end-to-end united communications solution that delivers enterprise voice with public switched telephone network connectivity, video meetings, and unified messaging, as well as direct messages, public and private team messaging rooms, and short and multimedia services; 8x8 Contact Center, a multi-channel cloud-based contact center solution; and 8x8 CPaaS, a set of global communications Platform-as-a-Service. The company also offers and X1 through X4 and X5 through X8, which provide enterprise-grade voice, unified communications, and video meetings and team collaboration, and contact center solutions. It markets its services to end users through industry conferences, trade shows, Webinars, and digital advertising channels. The company was incorporated in 1987 and is headquartered in Campbell, California.
 CEO
 WEBSITE8x8.com
 INDUSTRYSoftware - Apps
 EMPLOYEES1921

8x8 Inc Frequently Asked Questions


What is the ticker symbol for 8x8 Inc? What does EGHT stand for in stocks?

EGHT is the stock ticker symbol of 8x8 Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of 8x8 Inc (EGHT)?

As of Wed Apr 17 2024, market cap of 8x8 Inc is 275.23 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of EGHT stock?

You can check EGHT's fair value in chart for subscribers.

What is the fair value of EGHT stock?

You can check EGHT's fair value in chart for subscribers. The fair value of 8x8 Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of 8x8 Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for EGHT so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is 8x8 Inc a good stock to buy?

The fair value guage provides a quick view whether EGHT is over valued or under valued. Whether 8x8 Inc is cheap or expensive depends on the assumptions which impact 8x8 Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for EGHT.

What is 8x8 Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed Apr 17 2024, EGHT's PE ratio (Price to Earnings) is -5.15 and Price to Sales (PS) ratio is 0.38. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. EGHT PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on 8x8 Inc's stock?

In the past 10 years, 8x8 Inc has provided -0.145 (multiply by 100 for percentage) rate of return.