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

8X8 (NASDAQ:EGHT) issued an update on its second quarter 2027 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.070-0.080 for the period, compared to the consensus 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.

8X8 Stock Performance

NASDAQ EGHT traded up $0.18 on Tuesday, reaching $2.24. 2,244,612 shares of the stock were exchanged, compared to its average volume of 1,760,905. The company’s 50-day simple moving average is $1.90 and its two-hundred day simple moving average is $2.01. 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 firm has a market capitalization of $317.59 million, a PE ratio of 112.06, a PEG ratio of 1.37 and a beta of 1.83. 8X8 has a one year low of $1.57 and a one year high of $2.88.

Wall Street Analysts Forecast Growth

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

Insider Transactions at 8X8

In other 8X8 news, Director Elizabeth Harriet Theophille sold 20,207 shares of the business’s stock in a transaction that occurred on 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 transaction, the director owned 167,086 shares in the company, valued at $302,425.66. The trade was a 10.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.13% of the stock is currently owned by insiders.

Trending Headlines about 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

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its position in 8X8 by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 13,892,966 shares of the company’s stock valued at $29,453,000 after acquiring an additional 317,196 shares during the last quarter. Boston Partners lifted its position in shares of 8X8 by 7.9% during the third 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 during the last quarter. Bank of America Corp DE lifted its position in shares of 8X8 by 31.9% during the third quarter. Bank of America Corp DE now owns 6,234,230 shares of the company’s stock worth $13,217,000 after purchasing an additional 1,506,586 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of 8X8 by 14.9% during the fourth quarter. AQR Capital Management LLC now owns 3,408,703 shares of the company’s stock valued at $6,715,000 after purchasing an additional 441,157 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of 8X8 by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 3,310,912 shares of the company’s stock valued at $6,524,000 after purchasing an additional 23,300 shares during the period. 93.99% of the stock is owned by 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.