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 disclosures by fund managers ($100M+ AUM)
74% more repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 35
53% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 19
32% more capital invested
Capital invested by funds: $221M [Q3] → $292M (+$71.4M) [Q4]
7% more funds holding
Funds holding: 141 [Q3] → 151 (+10) [Q4]
0.53% less ownership
Funds ownership: 84.27% [Q3] → 83.74% (-0.53%) [Q4]
50% less funds holding in top 10
Funds holding in top 10: 2 [Q3] → 1 (-1) [Q4]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Wells Fargo Michael Turrin 38% 1-year accuracy 38 / 99 met price target | 9%downside $1.50 | Underweight Maintained | 22 Apr 2025 |
Morgan Stanley Meta Marshall 47% 1-year accuracy 14 / 30 met price target | 16%upside $1.90 | Underweight Maintained | 16 Apr 2025 |
Mizuho Siti Panigrahi 12% 1-year accuracy 4 / 33 met price target | 22%upside $2 | Underperform Maintained | 15 Apr 2025 |
Barclays Ryan Macwilliams 27% 1-year accuracy 6 / 22 met price target | 83%upside $3 | Equal-Weight Maintained | 5 Feb 2025 |
Needham Ryan Koontz 28% 1-year accuracy 29 / 103 met price target | 113%upside $3.50 | Buy Maintained | 5 Feb 2025 |
Financial journalist opinion
Based on 7 articles about EGHT published over the past 30 days
