NYSE:EGHT

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Executive Summary

8x8, Inc. provides enterprise cloud communications and customer engagement solutions for small and mid-size businesses, mid-market, and distributed enterprises worldwide.


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

EGHTIndustryMarket
7 Day0.07%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 Year3.8%3.8%128.7%120.8%33.7%24.9%
5 Year65.9%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

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

NamePositionTenureCompensationOwnership
Bryan Martin
Executive Chairman & CTO16.5yrsUS$796.78k0.44% $6.8m
Vikram Verma
CEO & Director6.75yrsUS$5.09m1.06% $16.4m
Steven Gatoff
Chief Financial Officer1.58yrsUS$3.18m0.023% $361.3k
Matthew Zinn
Senior VP1.75yrsUS$1.68m0.0017% $26.7k
Darren Hakeman
Senior Vice President of Strategy2.75yrsUS$875.22k0.083% $1.3m
Dejan Deklich
Chief Product Officer3.33yrsUS$2.00m0.042% $655.6k
Victoria Hyde-Dunn
Investor Relationsno datano datano data
Joan Citelli
Investor Relations Contactno datano datano data
Margaret Breya
Executive VP & Chief Marketing Officer0.42yrno datano data
Amelia Generalis
Chief People Officer2.42yrsno datano 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

NamePositionTenureCompensationOwnership
Bryan Martin
Executive Chairman & CTO16.5yrsUS$796.78k0.44% $6.8m
Vikram Verma
CEO & Director6.75yrsUS$5.09m1.06% $16.4m
Vladimir Jacimovic
Independent Director6.25yrsUS$215.01k0.090% $1.4m
Todd Ford
Independent Director1.42yrsno data0.0012% $18.1k
Eric Salzman
Independent Director8.33yrsUS$247.51k0.13% $1.9m
Jaswinder Singh
Lead Independent Director1.08yrsUS$222.01k0.085% $1.3m
Monique Bonner
Independent Director1.67yrsUS$263.73k0.020% $305.6k
Elizabeth Theophille
Independent Director1yrno data0.00082% $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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EGHTNYSE (New York Stock Exchange)YesCommon StockUSUSDJul 1997
EGTDB (Deutsche Boerse AG)YesCommon StockDEEURJul 1997
0IFSLSE (London Stock Exchange)YesCommon StockGBUSDJul 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/04 02:27
End of Day Share Price2020/06/03 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.