8X8 (NASDAQ:EGHT) Issues Q3 2026 Earnings Guidance

8X8 (NASDAQ:EGHT) updated its third quarter 2026 earnings guidance on Tuesday. The company provided earnings per share guidance of 0.080-0.090 for the period, compared to the consensus earnings per share estimate of 0.060. The company issued revenue guidance of $177.0 million-$182.0 million, compared to the consensus revenue estimate of $177.6 million. 8X8 also updated its FY 2026 guidance to 0.310-0.330 EPS.

Analysts Set New Price Targets

EGHT has been the subject of several research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of 8X8 in a research note on Wednesday, October 8th. Morgan Stanley set a $1.90 price objective on shares of 8X8 in a research report on Friday, August 29th. Rosenblatt Securities reissued a “buy” rating and set a $2.50 target price on shares of 8X8 in a report on Wednesday. Finally, Wall Street Zen raised 8X8 from a “buy” rating to a “strong-buy” rating in a report on Friday, September 5th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, 8X8 presently has an average rating of “Reduce” and a consensus price target of $2.49.

8X8 Stock Performance

Shares of NASDAQ EGHT traded down $0.28 during trading on Thursday, reaching $1.93. 844,558 shares of the company traded hands, compared to its average volume of 1,022,896. The stock has a market cap of $262.51 million, a P/E ratio of -12.03, a PEG ratio of 2.13 and a beta of 1.89. 8X8 has a 12-month low of $1.52 and a 12-month high of $3.52. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 2.56. The firm’s fifty day simple moving average is $2.01 and its 200 day simple moving average is $1.91.

8X8 (NASDAQ:EGHT) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. 8X8 had a positive return on equity of 11.38% and a negative net margin of 2.96%. 8X8 has set its FY 2026 guidance at 0.310-0.330 EPS. Q3 2026 guidance at 0.080-0.090 EPS. As a group, research analysts anticipate that 8X8 will post 0.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On 8X8

A number of large investors have recently made changes to their positions in the stock. Man Group plc lifted its stake in 8X8 by 35.9% during the second quarter. Man Group plc now owns 102,950 shares of the company’s stock worth $202,000 after purchasing an additional 27,192 shares in the last quarter. Boothbay Fund Management LLC purchased a new position in 8X8 in the second quarter valued at $121,000. Bridgeway Capital Management LLC grew its holdings in shares of 8X8 by 150.0% during the second quarter. Bridgeway Capital Management LLC now owns 125,000 shares of the company’s stock worth $245,000 after purchasing an additional 75,000 shares during the last quarter. Brevan Howard Capital Management LP grew its holdings in shares of 8X8 by 229.5% during the second quarter. Brevan Howard Capital Management LP now owns 128,753 shares of the company’s stock worth $252,000 after purchasing an additional 89,672 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of 8X8 by 10.2% during the second quarter. Bank of America Corp DE now owns 4,727,644 shares of the company’s stock worth $9,266,000 after purchasing an additional 436,909 shares during the last quarter. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

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.