8X8 (NASDAQ:EGHT) Releases FY 2027 Earnings Guidance

8X8 (NASDAQ:EGHT) updated its FY 2027 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.330-0.380 for the period, compared to the consensus earnings per share estimate of 0.330. The company issued revenue guidance of $745.0 million-$765.0 million, compared to the consensus revenue estimate of $737.6 million. 8X8 also updated its Q2 2027 guidance to 0.070-0.080 EPS.

8X8 Price Performance

Shares of 8X8 stock traded up $0.18 on Tuesday, reaching $2.24. The stock had a trading volume of 2,244,612 shares, compared to its average volume of 1,760,905. 8X8 has a 1 year low of $1.57 and a 1 year high of $2.88. The company has a market cap of $317.59 million, a P/E ratio of 112.06, a price-to-earnings-growth ratio of 1.37 and a beta of 1.83. 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 business’s 50 day moving average is $1.90 and its two-hundred day moving average is $2.01.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Weiss Ratings raised shares of 8X8 from a “sell (e+)” rating to a “sell (d)” rating in a report on Thursday, June 4th. Zacks Research downgraded shares of 8X8 from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Finally, Rosenblatt Securities boosted their price target on shares of 8X8 from $2.75 to $3.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, 8X8 currently has an average rating of “Hold” and a consensus price target of $2.45.

Insider Buying and Selling at 8X8

In other news, Director Elizabeth Harriet Theophille sold 20,207 shares of 8X8 stock in a transaction dated Monday, July 27th. The stock was 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 in the company, valued at approximately $302,425.66. This trade represents a 10.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.13% of the stock is currently owned by insiders.

Key Headlines Impacting 8X8

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

• Positive Sentiment: Quarterly results exceeded expectations. 8×8 reported fiscal Q1 2027 EPS of $0.09, beating the $0.04 analyst consensus, while revenue reached $190.17 million. The company described the quarter’s revenue as a record. 8×8 Reports Record Revenue in First Quarter of Fiscal Year 2027
• Positive Sentiment: Full-year revenue guidance was raised above expectations. 8×8 forecast fiscal 2027 revenue of $745 million to $765 million, compared with the $737.6 million consensus estimate. Full-year EPS guidance of $0.33 to $0.38 also met or exceeded the consensus estimate of $0.33. 8×8 Q2 Results and Full-Year Outlook
• Positive Sentiment: Near-term guidance also topped revenue estimates. For fiscal Q2 2027, management projected revenue of $185 million to $190 million versus the $184 million consensus, with EPS guidance of $0.07 to $0.08 against expectations of $0.07. 8×8 Fiscal Q1 Earnings Snapshot
• Positive Sentiment: AI adoption is accelerating. Reports said usage of 8×8’s AI capabilities more than doubled, suggesting stronger customer interest in automated CX tools and supporting the company’s growth narrative. 8×8 AI Adoption More Than Doubles

Institutional Investors Weigh In On 8X8

Hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE increased its stake in 8X8 by 31.9% in the third quarter. Bank of America Corp DE now owns 6,234,230 shares of the company’s stock valued at $13,217,000 after acquiring an additional 1,506,586 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in 8X8 by 33.3% during the second quarter. JPMorgan Chase & Co. now owns 2,516,232 shares of the company’s stock worth $4,932,000 after purchasing an additional 628,024 shares during the last quarter. Boston Partners boosted its holdings in shares of 8X8 by 7.9% in the 3rd quarter. Boston Partners now owns 8,582,614 shares of the company’s stock worth $18,192,000 after purchasing an additional 625,479 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of 8X8 by 36.0% in the 2nd quarter. AQR Capital Management LLC now owns 2,111,511 shares of the company’s stock worth $4,139,000 after purchasing an additional 558,562 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in shares of 8X8 by 314.6% in the 4th quarter. Marshall Wace LLP now owns 633,209 shares of the company’s stock worth $1,247,000 after purchasing an additional 480,477 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors.

About 8X8

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.