8X8 (NASDAQ:EGHT) Issues Q2 2027 Earnings Guidance

8X8 (NASDAQ:EGHT) updated its second quarter 2027 earnings guidance on Tuesday. The company provided EPS guidance of 0.070-0.080 for the period, compared to the consensus EPS estimate of 0.070. The company issued revenue guidance of $185.0 million-$190.0 million, compared to the consensus revenue estimate of $184.0 million. 8X8 also updated its FY 2027 guidance to 0.330-0.380 EPS.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. B. Riley Financial reissued a “buy” rating and set a $3.25 price target (up from $3.00) on shares of 8X8 in a report on Wednesday. Rosenblatt Securities reiterated a “buy” rating and set a $3.00 price objective on shares of 8X8 in a research note on Wednesday. Finally, Weiss Ratings raised shares of 8X8 from a “sell (e+)” rating to a “sell (d)” rating in a report on Thursday, June 4th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, 8X8 currently has an average rating of “Hold” and a consensus price target of $2.72.

8X8 Price Performance

NASDAQ EGHT traded up $0.10 during trading hours on Wednesday, reaching $2.35. The company’s stock had a trading volume of 1,522,930 shares, compared to its average volume of 1,759,043. 8X8 has a 1 year low of $1.57 and a 1 year high of $2.88. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.93. The company has a market capitalization of $332.47 million, a price-to-earnings ratio of 116.81, a PEG ratio of 1.49 and a beta of 1.83. The firm’s 50-day moving average price is $1.90 and its 200-day moving average price is $2.01.

Insider Transactions at 8X8

In other 8X8 news, Director Elizabeth Harriet Theophille sold 20,207 shares of 8X8 stock in a transaction on Monday, July 27th. The shares were sold at an average price of $1.81, for a total value of $36,574.67. Following the sale, the director directly owned 167,086 shares in the company, valued at approximately $302,425.66. The trade was a 10.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.13% of the company’s stock.

Key Stories Impacting 8X8

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

• Positive Sentiment: Quarterly earnings beat expectations. 8×8 reported fiscal Q1 adjusted earnings of $0.09 per share, above estimates ranging from $0.04 to $0.08. Revenue reached approximately $190.2 million, while net margin was slightly positive. 8×8 Surpasses Q1 Earnings and Revenue Estimates
• Positive Sentiment: Record revenue and accelerating AI adoption support the growth story. Management highlighted record service revenue, while AI adoption more than doubled, increasing 121% as customer-experience demand accelerated. 8×8 Q1 2027 Earnings Call Highlights
• Positive Sentiment: Full-year guidance exceeded analyst expectations. 8×8 forecast fiscal 2027 revenue of $745 million to $765 million, above the $737.6 million consensus estimate. EPS guidance of $0.33 to $0.38 also met or exceeded expectations. Second-quarter revenue guidance of $185 million to $190 million was above the $184 million consensus forecast. 8×8 Reports Record Revenue in First Quarter
• Positive Sentiment: Rosenblatt Securities reaffirmed its Buy rating and set a $3.00 price target, implying substantial upside from recent trading levels. Benzinga analyst rating report
• Neutral Sentiment: The earnings release was broadly positive, but the stock’s decrease indicates investors may be taking profits or looking for stronger evidence that AI adoption will translate into sustained revenue and earnings growth.

Institutional Trading of 8X8

Several hedge funds have recently modified their holdings of the company. Prelude Capital Management LLC bought a new stake in 8X8 in the third quarter worth $26,000. CIBC Bancorp USA Inc. purchased a new position in 8X8 in the third quarter worth about $30,000. Schonfeld Strategic Advisors LLC bought a new stake in 8X8 during the third quarter worth approximately $31,000. Abel Hall LLC purchased a new stake in 8X8 during the fourth quarter valued at approximately $33,000. Finally, Headlands Technologies LLC purchased a new stake in 8X8 during the fourth quarter valued at approximately $37,000. 93.99% of the stock is owned by hedge funds and other institutional investors.

8X8 Company Profile

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.