8x8 IncEGHT
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 Q4 regulatory filings by fund managers ($100M+ AUM)
67% more repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 36
53% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 19
13% more capital invested
Capital invested by funds: $224M [Q3] → $254M (+$29.8M) [Q4]
6% more funds holding
Funds holding: 141 [Q3] → 150 (+9) [Q4]
12.72% less ownership
Funds ownership: 85.43% [Q3] → 72.72% (-12.72%) [Q4]
50% less funds holding in top 10
Funds holding in top 10: 2 [Q3] → 1 (-1) [Q4]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Barclays Ryan Macwilliams 58% 1-year accuracy 14 / 24 met price target | 12%upside $3 | Equal-Weight Maintained | 5 Feb 2025 |
Needham Ryan Koontz 64% 1-year accuracy 69 / 107 met price target | 31%upside $3.50 | Buy Maintained | 5 Feb 2025 |
Rosenblatt Catharine Trebnick 83% 1-year accuracy 53 / 64 met price target | 24%upside $3.30 | Buy Maintained | 3 Feb 2025 |
Morgan Stanley Meta Marshall 70% 1-year accuracy 19 / 27 met price target | 3%downside $2.60 | Underweight Maintained | 18 Dec 2024 |
Mizuho Siti Panigrahi 64% 1-year accuracy 16 / 25 met price target | 6%downside $2.50 | Underperform Downgraded | 13 Dec 2024 |
Financial journalist opinion
Based on 16 articles about EGHT published over the past 30 days
