Wedbush Has Optimistic Outlook of 8X8 Q4 Earnings

8×8, Inc. (NASDAQ:EGHT) – Equities researchers at Wedbush upped their Q4 2026 earnings per share (EPS) estimates for 8X8 in a research note issued to investors on Wednesday, February 5th. Wedbush analyst D. Ives now anticipates that the company will post earnings of $0.05 per share for the quarter, up from their previous forecast of $0.04. Wedbush has a “Hold” rating on the stock. The consensus estimate for 8X8’s current full-year earnings is $0.01 per share.

8X8 (NASDAQ:EGHT) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.03. 8X8 had a negative return on equity of 6.00% and a negative net margin of 9.68%.

EGHT has been the topic of several other reports. Mizuho downgraded shares of 8X8 from a “neutral” rating to an “underperform” rating and cut their price target for the company from $2.75 to $2.50 in a report on Friday, December 13th. Needham & Company LLC increased their price target on 8X8 from $3.00 to $3.50 and gave the stock a “buy” rating in a report on Wednesday. Rosenblatt Securities decreased their price target on 8X8 from $3.50 to $3.30 and set a “buy” rating for the company in a research note on Monday, February 3rd. Wells Fargo & Company upped their price objective on 8X8 from $1.50 to $2.00 and gave the company an “underweight” rating in a research report on Tuesday, November 5th. Finally, StockNews.com downgraded 8X8 from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, 8X8 currently has an average rating of “Hold” and a consensus price target of $2.99.

8X8 Trading Down 3.2 %

Shares of EGHT opened at $2.75 on Friday. The company’s fifty day simple moving average is $2.80 and its 200-day simple moving average is $2.45. The company has a market cap of $359.32 million, a P/E ratio of -5.00, a P/E/G ratio of 24.05 and a beta of 1.66. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 3.26. 8X8 has a twelve month low of $1.51 and a twelve month high of $3.41.

Hedge Funds Weigh In On 8X8

Hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in 8X8 by 10.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,484,108 shares of the company’s stock worth $3,294,000 after acquiring an additional 145,606 shares during the period. Sei Investments Co. bought a new stake in shares of 8X8 in the 2nd quarter valued at about $44,000. Sanctuary Advisors LLC purchased a new stake in shares of 8X8 in the 2nd quarter worth approximately $77,000. Creative Planning boosted its stake in shares of 8X8 by 16.6% during the third quarter. Creative Planning now owns 38,245 shares of the company’s stock valued at $78,000 after purchasing an additional 5,453 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in 8X8 during the third quarter valued at approximately $30,000. Institutional investors own 93.99% of the company’s stock.

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.