8x8 Common Stock Stock Today

EGHT Stock  USD 2.74  0.10  3.79%   

Performance

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Odds Of Distress

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8x8 Common is selling for under 2.74 as of the 28th of March 2024; that is 3.79% increase since the beginning of the trading day. The stock's last reported lowest price was 2.63. 8x8 Common has 52 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors over the last 90 days. Equity ratings for 8x8 Common Stock are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Software & Services
IPO Date
2nd of July 1997
Category
Technology
Classification
Information Technology
8x8, Inc. provides voice, video, chat, contact center, and enterprise-class application programmable interface Software-as-a-Service solutions for small and mid-size businesses, mid-market and larger enterprises, government agencies, and other organizations worldwide. The company has 123.42 M outstanding shares of which 16.12 M shares are currently shorted by private and institutional investors with about 7.79 trading days to cover. More on 8x8 Common Stock

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8x8 Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. 8x8 Common's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding 8x8 Common or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEO and DirectorVikram Verma
Business ConcentrationApplication Software, Software - Application, Information Technology, NASDAQ Composite, NASDAQ Composite Total, Information Technology, Software, Software—Application, Technology (View all Sectors)
Average Analyst Recommendation
Analysts covering 8x8 Common report their recommendations after researching 8x8 Common's financial statements, talking to executives and customers, or listening in on 8x8 Common's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering 8x8 Common Stock. The 8x8 consensus assessment is calculated by taking the average forecast from all of the analysts covering 8x8 Common.
Financial Strength
Based on the analysis of 8x8 Common's profitability, liquidity, and operating efficiency, 8x8 Common Stock is not in a good financial situation at the present time. It has a very high chance of going through financial crunch in April. Financial strength of 8x8 Common Stock is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover1.261.02
Fairly Up
Pretty Stable
Gross Profit Margin0.480.61
Significantly Down
Slightly volatile
Total Current Liabilities276.5 M263.3 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total618.3 M588.8 M
Sufficiently Up
Slightly volatile
Total AssetsB967 M
Sufficiently Up
Slightly volatile
Total Current Assets328.7 M313 M
Sufficiently Up
Slightly volatile
8x8 Common's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to 8x8 Common's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand 8x8 Common's financial leverage. It provides some insight into what part of 8x8 Common's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on 8x8 Common's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how 8x8 Common deploys its capital and how much of that capital is borrowed.
Liquidity
8x8 Common cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 568.87 M in liabilities with Debt to Equity (D/E) ratio of 7.05, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. 8x8 Common Stock has a current ratio of 1.53, which is within standard range for the sector. Debt can assist 8x8 Common until it has trouble settling it off, either with new capital or with free cash flow. So, 8x8 Common's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like 8x8 Common Stock sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for 8x8 to invest in growth at high rates of return. When we think about 8x8 Common's use of debt, we should always consider it together with cash and equity.

Capital Expenditures

10.45 Million
8x8 Common Stock (EGHT) is traded on NASDAQ Exchange in USA. It is located in 675 Creekside Way, Campbell, CA, United States, 95008 and employs 1,921 people. 8x8 Common is listed under Application Software category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 338.17 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate 8x8 Common's market, we take the total number of its shares issued and multiply it by 8x8 Common's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. 8x8 Common Stock conducts business under Software sector and is part of Information Technology industry. The entity has 123.42 M outstanding shares of which 16.12 M shares are currently shorted by private and institutional investors with about 7.79 trading days to cover. 8x8 Common Stock currently holds about 130.92 M in cash with 48.79 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.13.
Check 8x8 Common Probability Of Bankruptcy
Ownership Allocation
8x8 Common Stock shows a total of 123.42 Million outstanding shares. The majority of 8x8 Common Stock outstanding shares are owned by institutions. These other corporate entities are usually referred to as non-private investors looking to acquire positions in 8x8 Common Stock to benefit from reduced commissions. Therefore, outside corporations are subject to a different set of regulations than regular investors in 8x8 Common Stock. Please pay attention to any change in the institutional holdings of 8x8 Common as this could imply that something significant has changed or is about to change at the company. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check 8x8 Ownership Details

8x8 Stock Price Odds Analysis

Attributed to a normal probability distribution, the odds of 8x8 Common jumping above the current price in 90 days from now is about 79.88%. The 8x8 Common Stock probability density function shows the probability of 8x8 Common stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.1735 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, 8x8 Common will likely underperform. Additionally, 8x8 Common Stock has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 2.74HorizonTargetOdds Above 2.74
20.04%90 days
 2.74 
79.88%
Based on a normal probability distribution, the odds of 8x8 Common to move above the current price in 90 days from now is about 79.88 (This 8x8 Common Stock probability density function shows the probability of 8x8 Stock to fall within a particular range of prices over 90 days) .

8x8 Stock Institutional Holders

Institutional Holdings refers to the ownership stake in 8x8 Common that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of 8x8 Common's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing 8x8 Common's value.
InstituionRecorded OnShares
Geode Capital Management, Llc2023-12-31
2.6 M
D. E. Shaw & Co Lp2023-09-30
2.4 M
Morgan Stanley - Brokerage Accounts2023-12-31
2.2 M
Invenomic Capital Management, Lp2023-12-31
2.1 M
B. Riley Asset Management, Llc2023-12-31
1.9 M
Arrowstreet Capital Limited Partnership2023-12-31
1.6 M
S Squared Technology, Llc2023-12-31
1.5 M
Great West Life Assurance Co2023-12-31
1.4 M
Two Sigma Investments Llc2023-12-31
1.4 M
Sylebra Capital Llc2023-12-31
14.4 M
Sylebra Hk Co Ltd2023-09-30
14.4 M
View 8x8 Common Diagnostics

8x8 Common Historical Income Statement

8x8 Common Stock Income Statement is one of the three primary financial statements used for reporting 8x8's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of 8x8 Common Stock revenue and expense. 8x8 Common Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, 8x8 Common's Income Tax Expense is comparatively stable compared to the past year. Selling General Administrative is likely to gain to about 133.6 M in 2024, whereas EBITDA is likely to drop (13.2 M) in 2024. View More Fundamentals

8x8 Stock Against Markets

Picking the right benchmark for 8x8 Common stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in 8x8 Common stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for 8x8 Common is critical whether you are bullish or bearish towards 8x8 Common Stock at a given time. Please also check how 8x8 Common's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in 8x8 Common without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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8x8 Common Corporate Directors

8x8 Common corporate directors refer to members of a 8x8 Common board of directors. The board of directors generally takes responsibility for the 8x8 Common's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of 8x8 Common's board members must vote for the resolution. The 8x8 Common board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Bryan MartinChief Technology Officer, DirectorProfile
Ian PotterDirectorProfile
Todd FordIndependent DirectorProfile
Elizabeth TheophilleIndependent DirectorProfile

How to buy 8x8 Stock?

Before investing in 8x8 Common, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in 8x8 Common. To buy 8x8 Common stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of 8x8 Common. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase 8x8 Common stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located 8x8 Common Stock stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased 8x8 Common Stock stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as 8x8 Common Stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy 8x8 Stock please use our How to Invest in 8x8 Common guide.

Already Invested in 8x8 Common Stock?

The danger of trading 8x8 Common Stock is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of 8x8 Common is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than 8x8 Common. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile 8x8 Common Stock is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether 8x8 Common Stock is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if 8x8 Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about 8x8 Common Stock Stock. Highlighted below are key reports to facilitate an investment decision about 8x8 Common Stock Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in 8x8 Common Stock. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate.
Note that the 8x8 Common Stock information on this page should be used as a complementary analysis to other 8x8 Common's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.

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When running 8x8 Common's price analysis, check to measure 8x8 Common's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy 8x8 Common is operating at the current time. Most of 8x8 Common's value examination focuses on studying past and present price action to predict the probability of 8x8 Common's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 8x8 Common's price. Additionally, you may evaluate how the addition of 8x8 Common to your portfolios can decrease your overall portfolio volatility.
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Is 8x8 Common's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of 8x8 Common. If investors know 8x8 will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about 8x8 Common listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.45)
Revenue Per Share
6.179
Quarterly Revenue Growth
0.174
Return On Assets
(0)
Return On Equity
(0.54)
The market value of 8x8 Common Stock is measured differently than its book value, which is the value of 8x8 that is recorded on the company's balance sheet. Investors also form their own opinion of 8x8 Common's value that differs from its market value or its book value, called intrinsic value, which is 8x8 Common's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because 8x8 Common's market value can be influenced by many factors that don't directly affect 8x8 Common's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between 8x8 Common's value and its price as these two are different measures arrived at by different means. Investors typically determine if 8x8 Common is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 8x8 Common's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.