8x8 IncEGHT
Market Cap: $237M
About: 8x8 Inc provides contact-center-as-a-service and unified-communications-as-a-service software applications to approximately 2.5 million users. The company's unified platform enables omnichannel communication to assist employees in communicating across voice, video, text, chat, and contact centers. The Company also generates revenue from sales of hardware and professional services, which are complementary to the delivery of its integrated technology platform.. Geographically, it derives a majority of revenue from the United States.
Employees: 1,948
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
10% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 31
2% less funds holding
Funds holding: 148 [Q1] → 145 (-3) [Q2]
5.44% less ownership
Funds ownership: 94.32% [Q1] → 88.88% (-5.44%) [Q2]
20% less capital invested
Capital invested by funds: $314M [Q1] → $253M (-$61.9M) [Q2]
21% less repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 56
91% less call options, than puts
Call options by funds: $33K | Put options by funds: $352K
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Rosenblatt Catharine Trebnick 37% 1-year accuracy 21 / 57 met price target | 116%upside $4 | Buy Maintained | 22 Aug 2024 |
Barclays Ryan Macwilliams 60% 1-year accuracy 12 / 20 met price target | 8%upside $2 | Equal-Weight Maintained | 9 Aug 2024 |
Needham Ryan Koontz 45% 1-year accuracy 39 / 86 met price target | 62%upside $3 | Buy Maintained | 9 Aug 2024 |
Rosenblatt Catharine Trebnick 37% 1-year accuracy 21 / 57 met price target | 116%upside $4 | Buy Maintained | 7 Aug 2024 |
Wells Fargo Michael Turrin 63% 1-year accuracy 45 / 72 met price target | 19%downside $1.50 | Underweight Maintained | 21 Jun 2024 |
Financial journalist opinion
Based on 5 articles about EGHT published over the past 30 days