Market Cap
US$1.7b
Last Updated
2020/10/21 23:31 UTC
Data Sources
Company Financials +
Executive Summary
8x8, Inc. provides voice, video, chat, contact center, and enterprise-class application programmable interface (API) Software-as-a-Service solutions for small and mid-size businesses, mid-market and larger enterprises, government agencies, and other organizations worldwide. More Details
Rewards
Risk Analysis
Currently unprofitable and not forecast to become profitable over the next 3 years
Snowflake Analysis
Imperfect 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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
1.6%
EGHT
-2.2%
US Software
-1.4%
US Market
1 Year Return
-12.3%
EGHT
59.2%
US Software
17.8%
US Market
Return vs Industry: EGHT underperformed the US Software industry which returned 64% over the past year.
Return vs Market: EGHT underperformed the US Market which returned 18.5% over the past year.
Shareholder returns
| EGHT | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.6% | -2.2% | -1.4% |
| 30 Day | 9.4% | 4.9% | 4.7% |
| 90 Day | 0.4% | 13.1% | 8.2% |
| 1 Year | -12.3%-12.3% | 60.3%59.2% | 20.5%17.8% |
| 3 Year | 33.6%33.6% | 146.5%138.3% | 42.2%32.7% |
| 5 Year | 49.4%49.4% | 254.9%234.2% | 83.4%62.7% |
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
3 weeks ago | Simply Wall St
Have Insiders Sold 8x8, Inc. (NYSE:EGHT) Shares Recently?1 month ago | Simply Wall St
How Much Did 8x8's (NYSE:EGHT) CEO Pocket Last Year?2 months ago | Simply Wall St
Is 8x8's (NYSE:EGHT) 102% Share Price Increase Well Justified?Valuation
Is 8x8 undervalued compared to its fair value and its price relative to the market?
9.7x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: EGHT ($16.7) is trading above our estimate of fair value ($10.41)
Significantly Below Fair Value: EGHT is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: EGHT is unprofitable, so we can't compare its PE Ratio to the US 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 (9.7x) compared to the US Software industry average (7.4x).
Next Steps
Future Growth
How is 8x8 forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?
14.8%
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 (15.3% per year) is forecast to grow faster than the US market (10.1% per year).
High Growth Revenue: EGHT's revenue (15.3% 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?
-58.0%
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 58% 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 (12.8%).
Return on Equity
High ROE: EGHT has a negative Return on Equity (-100.64%), 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 ($267.8M) exceed its short term liabilities ($121.5M).
Long Term Liabilities: EGHT's short term assets ($267.8M) do not cover its long term liabilities ($387.7M).
Debt to Equity History and Analysis
Debt Level: EGHT's debt to equity ratio (165.3%) 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: Insufficient data to determine if EGHT has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Next Steps
Dividend
What is 8x8 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?
3.0yrs
Average management tenure
CEO
Vik Verma (55 yo)
7.08yrs
Tenure
US$5,661,994
Compensation
Mr. Vikram Verma, also known as Vik, has been a Director at Cambium Networks Corporation since January 2019. He has been the Chief Executive Officer of 8x8 Inc. since September 9, 2013. Mr. Verma was the P ...
CEO Compensation Analysis
Compensation vs Market: Vik's total compensation ($USD5.66M) is about average for companies of similar size in the US market ($USD4.48M).
Compensation vs Earnings: Vik's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman & CTO | 16.83yrs | US$875.42k | 0.45% $ 7.8m | |
| CEO & Director | 7.08yrs | US$5.66m | 1.17% $ 20.4m | |
| Senior VP | 2.08yrs | US$1.14m | 0.0073% $ 127.6k | |
| Chief Product Officer | 3.67yrs | US$2.92m | 0.064% $ 1.1m | |
| Executive VP & CFO | 0.33yr | no data | 0.17% $ 2.9m | |
| Investor Relations | no data | no data | no data | |
| Investor Relations Contact | no data | no data | no data | |
| Senior Vice President of Strategy | 3.08yrs | US$875.22k | 0% $ 0 | |
| Executive VP & Chief Marketing Officer | 0.75yr | no data | no data | |
| Chief People Officer | 2.75yrs | no data | no data | |
| Senior Vice President of Network Operations & DevOps | 4.42yrs | US$280.56k | no data | |
| Senior Vice President of Midmarket & Enterprise | 3yrs | no data | no data |
3.0yrs
Average Tenure
51yo
Average Age
Experienced Management: EGHT's management team is considered experienced (3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman & CTO | 16.83yrs | US$875.42k | 0.45% $ 7.8m | |
| CEO & Director | 7.08yrs | US$5.66m | 1.17% $ 20.4m | |
| Independent Director | 6.58yrs | US$214.98k | 0.097% $ 1.7m | |
| Independent Director | 1.33yrs | US$364.46k | 0.012% $ 213.4k | |
| Independent Director | 8.67yrs | US$247.48k | 0.13% $ 2.3m | |
| Lead Independent Director | 1.42yrs | US$257.77k | 0.092% $ 1.6m | |
| Independent Director | 2yrs | US$236.99k | 0.020% $ 341.4k | |
| Independent Director | 1.33yrs | US$327.23k | 0.0071% $ 124.3k |
4.3yrs
Average Tenure
53yo
Average Age
Experienced Board: EGHT's board of directors are considered experienced (4.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: EGHT insiders have only sold shares 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 5%.
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$1.741b
- Shares outstanding: 104.23m
- 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 voice, video, chat, contact center, and enterprise-class application programmable interface (API) Software-as-a-Service solutions for small and mid-size businesses, mid-market and larger ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/21 23:31 |
| End of Day Share Price | 2020/10/21 00:00 |
| Earnings | 2020/06/30 |
| 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.