Market Cap
US$1.5b
Last Updated
2020/06/04 02:27 UTC
Data Sources
Company Financials +
Executive Summary
8x8, Inc. provides enterprise cloud communications and customer engagement solutions for small and mid-size businesses, mid-market, and distributed enterprises worldwide.
Rewards
Risk Analysis
Currently unprofitable and not forecast to become profitable over the next 3 years
Snowflake Analysis
Mediocre balance sheet with concerning outlook.
Similar Companies
Share Price & News
How has 8x8's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: EGHT's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
0.07%
EGHT
3.7%
US Software
2.4%
US Market
1 Year Return
-38.1%
EGHT
33.0%
US Software
9.2%
US Market
Return vs Industry: EGHT underperformed the US Software industry which returned 35.7% over the past year.
Return vs Market: EGHT underperformed the US Market which returned 9.3% over the past year.
Shareholder returns
| EGHT | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.07% | 3.7% | 2.4% |
| 30 Day | -8.3% | 9.5% | 10.2% |
| 90 Day | -11.9% | 16.2% | 3.4% |
| 1 Year | -38.1%-38.1% | 34.0%33.0% | 11.6%9.2% |
| 3 Year | 3.8%3.8% | 128.7%120.8% | 33.7%24.9% |
| 5 Year | 65.9%65.9% | 206.8%188.0% | 59.7%41.8% |
Price Volatility Vs. Market
How volatile is 8x8's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Does 8x8, Inc.'s (NYSE:EGHT) CEO Salary Compare Well With Others?1 month ago | Simply Wall St
One Thing To Remember About The 8x8, Inc. (NYSE:EGHT) Share Price2 months ago | Simply Wall St
Can You Imagine How 8x8's (NYSE:EGHT) Shareholders Feel About The 81% Share Price Increase?Valuation
Is 8x8 undervalued compared to its fair value and its price relative to the market?
8.09x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate EGHT's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate EGHT's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: EGHT is unprofitable, so we can't compare its PE Ratio to the Software industry average.
PE vs Market: EGHT is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate EGHT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: EGHT is overvalued based on its PB Ratio (7.7x) compared to the US Software industry average (6x).
Next Steps
Future Growth
How is 8x8 forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?
22.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EGHT is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: EGHT is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: EGHT is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: EGHT's revenue (14.8% per year) is forecast to grow faster than the US market (8.8% per year).
High Growth Revenue: EGHT's revenue (14.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: EGHT is forecast to be unprofitable in 3 years.
Next Steps
Past Performance
How has 8x8 performed over the past 5 years?
-61.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EGHT is currently unprofitable.
Growing Profit Margin: EGHT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: EGHT is unprofitable, and losses have increased over the past 5 years at a rate of -61.4% per year.
Accelerating Growth: Unable to compare EGHT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: EGHT is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (9.6%).
Return on Equity
High ROE: EGHT has a negative Return on Equity (-90.37%), as it is currently unprofitable.
Next Steps
Financial Health
How is 8x8's financial position?
Financial Position Analysis
Short Term Liabilities: EGHT's short term assets ($277.2M) exceed its short term liabilities ($123.4M).
Long Term Liabilities: EGHT's short term assets ($277.2M) do not cover its long term liabilities ($386.5M).
Debt to Equity History and Analysis
Debt Level: EGHT's debt to equity ratio (152.9%) is considered high.
Reducing Debt: Insufficient data to determine if EGHT's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: EGHT has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: EGHT has sufficient cash runway for 1.8 years if free cash flow continues to reduce at historical rates of 65.8% each year.
Next Steps
Dividend
What is 8x8's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate EGHT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate EGHT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if EGHT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if EGHT's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of EGHT's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.6yrs
Average management tenure
CEO
Vik Verma (54yo)
6.75yrs
Tenure
US$5,088,656
Compensation
Mr. Vikram Verma, also known as Vik, has been a Director at Cambium Networks Corporation since January 2019. He has been the Chief Executive Officer of 8x8 Inc. since September 9, 2013. Mr. Verma was the P ...
CEO Compensation Analysis
Compensation vs Market: Vik's total compensation ($USD5.09M) is about average for companies of similar size in the US market ($USD4.76M).
Compensation vs Earnings: Vik's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman & CTO | 16.5yrs | US$796.78k | 0.44% $6.8m | |
| CEO & Director | 6.75yrs | US$5.09m | 1.06% $16.4m | |
| Chief Financial Officer | 1.58yrs | US$3.18m | 0.023% $361.3k | |
| Senior VP | 1.75yrs | US$1.68m | 0.0017% $26.7k | |
| Senior Vice President of Strategy | 2.75yrs | US$875.22k | 0.083% $1.3m | |
| Chief Product Officer | 3.33yrs | US$2.00m | 0.042% $655.6k | |
| Investor Relations | no data | no data | no data | |
| Investor Relations Contact | no data | no data | no data | |
| Executive VP & Chief Marketing Officer | 0.42yr | no data | no data | |
| Chief People Officer | 2.42yrs | no data | no data |
2.6yrs
Average Tenure
51.5yo
Average Age
Experienced Management: EGHT's management team is considered experienced (2.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman & CTO | 16.5yrs | US$796.78k | 0.44% $6.8m | |
| CEO & Director | 6.75yrs | US$5.09m | 1.06% $16.4m | |
| Independent Director | 6.25yrs | US$215.01k | 0.090% $1.4m | |
| Independent Director | 1.42yrs | no data | 0.0012% $18.1k | |
| Independent Director | 8.33yrs | US$247.51k | 0.13% $1.9m | |
| Lead Independent Director | 1.08yrs | US$222.01k | 0.085% $1.3m | |
| Independent Director | 1.67yrs | US$263.73k | 0.020% $305.6k | |
| Independent Director | 1yr | no data | 0.00082% $12.7k |
4.0yrs
Average Tenure
52yo
Average Age
Experienced Board: EGHT's board of directors are considered experienced (4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.6%.
Top Shareholders
Company Information
8x8, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: 8x8, Inc.
- Ticker: EGHT
- Exchange: NYSE
- Founded: 1987
- Industry: Application Software
- Sector: Software
- Market Cap: US$1.549b
- Shares outstanding: 103.64m
- Website: https://www.8x8.com
Number of Employees
Location
- 8x8, Inc.
- 675 Creekside Way
- Campbell
- California
- 95008
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| EGHT | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jul 1997 |
| EGT | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jul 1997 |
| 0IFS | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Jul 1997 |
Biography
8x8, Inc. provides enterprise cloud communications and customer engagement solutions for small and mid-size businesses, mid-market, and distributed enterprises worldwide. It offers unified communications, team collaboration, conferencing, contact center, analytics, and other services to various business customers on a software-as-a-service (SaaS) model. The company provides 8x8 Virtual Office, a self-contained and end-to-end solution that delivers high quality voice and unified communications-as-a-service; 8x8 Contact Center, a multi-channel cloud-based contact center solution; and 8x8 Meetings, a cloud-based video conferencing and collaboration solution that enables secure and continuous collaboration with borderless high definition (HD) video and audio communications from mobile and desktop devices. It also offers 8x8 Team Messaging, an integrated open team messaging platform, which facilitate modern modes of communication with support; and Script8, a communications flow and routing engine that offers a scripting environment for routing communications data for specific workflows, as well as allows end-users to create simple, personalized, and customizable communications experiences, such as communications control, external data source integration, and intelligent routing. The company integrates its services with third-party applications and platforms, including enterprise resource planning, customer relations management, human capital management, and other proprietary application suites. It markets its services to end users through search engine marketing and optimization, third-party lead generation sources, industry conferences, trade shows, Webinars, and digital advertising channels, as well as direct sales organization. It serves business customers and distributors. 8x8, Inc. was founded in 1987 and is headquartered in Campbell, California.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/06/04 02:27 |
| End of Day Share Price | 2020/06/03 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2020/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.