8X8 (NASDAQ:EGHT) Updates FY 2026 Earnings Guidance

8X8 (NASDAQ:EGHT) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 0.310-0.330 for the period, compared to the consensus earnings per share estimate of 0.220. The company issued revenue guidance of $712.0 million-$726.0 million, compared to the consensus revenue estimate of $714.3 million. 8X8 also updated its Q3 2026 guidance to 0.080-0.090 EPS.

8X8 Price Performance

Shares of EGHT stock traded down $0.09 on Tuesday, reaching $1.77. The company had a trading volume of 730,553 shares, compared to its average volume of 1,016,714. The stock has a market capitalization of $241.37 million, a PE ratio of -11.06, a price-to-earnings-growth ratio of 2.13 and a beta of 1.89. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 2.56. The business’s 50-day moving average is $2.01 and its 200 day moving average is $1.91. 8X8 has a one year low of $1.52 and a one year high of $3.52.

Analyst Ratings Changes

A number of research analysts have recently commented on EGHT shares. Wall Street Zen upgraded 8X8 from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of 8X8 in a research report on Wednesday, October 8th. Morgan Stanley set a $1.90 target price on 8X8 in a research report on Friday, August 29th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $2.50 target price on shares of 8X8 in a research report on Thursday, August 21st. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $2.49.

Hedge Funds Weigh In On 8X8

A number of hedge funds have recently made changes to their positions in EGHT. Cetera Investment Advisers bought a new position in shares of 8X8 during the second quarter worth about $55,000. Boothbay Fund Management LLC bought a new position in shares of 8X8 during the second quarter worth about $121,000. Dynamic Technology Lab Private Ltd raised its holdings in 8X8 by 505.2% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 79,147 shares of the company’s stock worth $158,000 after purchasing an additional 66,070 shares during the last quarter. Jane Street Group LLC bought a new position in 8X8 during the 2nd quarter worth approximately $196,000. Finally, Man Group plc raised its holdings in 8X8 by 35.9% during the 2nd quarter. Man Group plc now owns 102,950 shares of the company’s stock worth $202,000 after purchasing an additional 27,192 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors.

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.