Last Updated: 18 Sep 2024
Executive Summary
8x8 Inc (EGHT) is a provider of enterprise-class voice, video, chat, contact center, and contact center API software solutions. The company has a market capitalization of $245.11 million and is headquartered in Campbell, California.
The latest stock price for EGHT is $1.91. The stock has a 52-week high of $3.92 and a 52-week low of $1.51. The 50-day moving average is $2.247, and the 200-day moving average is $2.679.
Analysts have a consensus rating of "Hold" on EGHT. The average analyst target price is $3.57.
Company Overview
8x8 was founded in 1987 and went public in 2006. The company's products are used by businesses of all sizes, including small and medium-sized businesses, medium-sized and large businesses, government agencies, and other organizations.
8x8's products are designed to help businesses improve their communications and collaboration. The company's products include:
Voice: 8x8 offers a variety of voice solutions, including cloud-based PBX, VoIP, and unified communications.
Video: 8x8 offers a variety of video solutions, including cloud-based video conferencing, webcasting, and video surveillance.
Chat: 8x8 offers a variety of chat solutions, including cloud-based chat, instant messaging, and SMS.
Contact center: 8x8 offers a variety of contact center solutions, including cloud-based contact center, call center, and customer relationship management (CRM).
Contact center API: 8x8 offers a variety of contact center APIs that allow businesses to integrate their contact center solutions with other applications.
Fundamental Analysis
8x8's financial performance has been mixed in recent years. The company's revenue has grown in recent years, but its profitability has declined. In the most recent quarter, 8x8 reported revenue of $723.6 million and a net loss of $11.9 million.
8x8's gross profit margin has declined in recent years, from 57.5% in 2019 to 54.0% in the most recent quarter. The company's operating margin has also declined in recent years, from 12.9% in 2019 to -24.5% in the most recent quarter.
8x8's financial performance is likely to be impacted by the COVID-19 pandemic. The pandemic has led to a decline in demand for business communications and collaboration solutions. 8x8 has also been impacted by the global supply chain disruptions caused by the pandemic.
Technical Analysis
The technical analysis of EGHT suggests that the stock is in a downtrend. The stock has been trading below its 50-day and 200-day moving averages for the past several months. The stock also recently broke below its support level at $2.00.
The technical analysis suggests that EGHT could continue to decline in the short term. The stock could find support at its 52-week low of $1.51.
Short Term Outlook
The short-term outlook for EGHT is negative. The stock is in a downtrend and has recently broken below its support level at $2.00. The stock could continue to decline in the short term and could find support at its 52-week low of $1.51.
Long Term Outlook
The long-term outlook for EGHT is uncertain. The company's financial performance has been mixed in recent years, and the COVID-19 pandemic has impacted the demand for business communications and collaboration solutions.
The long-term outlook for EGHT will depend on the company's ability to improve its profitability and execute its growth strategy.
Analyst Recommendations
Analysts have a consensus rating of "Hold" on EGHT. The average analyst target price is $3.57.
Analysts are mixed on the long-term prospects for EGHT. Some analysts believe that the company has a strong competitive position and is well-positioned to benefit from the growing demand for cloud-based communications and collaboration solutions. Other analysts are concerned about the company's financial performance and its ability to execute its growth strategy.
