8X8 (NASDAQ:EGHT) Issues Q1 2026 Earnings Guidance

8X8 (NASDAQ:EGHT) updated its first quarter 2026 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 0.070-0.090 for the period, compared to the consensus estimate of 0.090. The company issued revenue guidance of $175.0 million-$182.0 million, compared to the consensus revenue estimate of $178.4 million. 8X8 also updated its FY 2026 guidance to 0.340-0.370 EPS.

8X8 Price Performance

Shares of NASDAQ:EGHT opened at $1.80 on Wednesday. The stock has a market capitalization of $237.05 million, a price-to-earnings ratio of -5.00, a PEG ratio of 6.08 and a beta of 1.80. The stock has a fifty day simple moving average of $1.86 and a two-hundred day simple moving average of $2.46. 8X8 has a 12-month low of $1.51 and a 12-month high of $3.52. The company has a current ratio of 1.25, a quick ratio of 1.24 and a debt-to-equity ratio of 3.08.

Wall Street Analysts Forecast Growth

EGHT has been the subject of several research analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $2.70 price objective on shares of 8X8 in a report on Tuesday. Morgan Stanley cut their price target on 8X8 from $2.60 to $1.90 and set an “underweight” rating for the company in a report on Wednesday, April 16th. Barclays boosted their price target on 8X8 from $2.50 to $3.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. B. Riley restated a “buy” rating and issued a $3.00 price objective (down from $4.00) on shares of 8X8 in a research report on Wednesday, May 14th. Finally, StockNews.com downgraded 8X8 from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Three analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $2.51.

Insider Buying and Selling

In other 8X8 news, major shareholder Sylebra Capital Llc sold 101,678 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $2.23, for a total transaction of $226,741.94. Following the sale, the insider now directly owns 14,085,649 shares in the company, valued at $31,410,997.27. This represents a 0.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Over the last three months, insiders have sold 254,678 shares of company stock worth $562,412. Corporate insiders own 1.22% of the company’s stock.

Institutional Investors Weigh In On 8X8

An institutional investor recently raised its position in 8X8 stock. Dynamic Technology Lab Private Ltd grew its holdings in shares of 8×8, Inc. (NASDAQ:EGHT) by 505.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 79,147 shares of the company’s stock after buying an additional 66,070 shares during the quarter. Dynamic Technology Lab Private Ltd owned 0.06% of 8X8 worth $158,000 at the end of the most recent reporting period. 93.99% of the stock is owned by hedge funds and other 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.