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8x8

NYSE:EGHT
Snowflake Description

Flawless balance sheet with concerning outlook.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EGHT
NYSE
$2B
Market Cap
  1. Home
  2. US
  3. Software
Company description

8x8, Inc. provides enterprise cloud communications and customer engagement solutions for small and mid-size businesses, mid-market, and distributed enterprises worldwide. The last earnings update was 48 days ago. More info.


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EGHT Share Price and Events
7 Day Returns
4.4%
NYSE:EGHT
2.5%
US Software
1.6%
US Market
1 Year Returns
4.3%
NYSE:EGHT
24.3%
US Software
3.2%
US Market
EGHT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
8x8 (EGHT) 4.4% 4.5% 14.5% 4.3% 122.9% 90.5%
US Software 2.5% 5.1% 18.3% 24.3% 108.3% 136.1%
US Market 1.6% 2.1% 12.8% 3.2% 38.6% 43.6%
1 Year Return vs Industry and Market
  • EGHT underperformed the Software industry which returned 24.3% over the past year.
  • EGHT outperformed the Market in United States of America which returned 3.2% over the past year.
Price Volatility
EGHT
Industry
5yr Volatility vs Market
Related Companies

Value

 Is 8x8 undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for 8x8. This is due to cash flow or dividend data being unavailable. The share price is $20.71.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for 8x8's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are 8x8's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:EGHT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.79
NYSE:EGHT Share Price ** NYSE (2019-03-19) in USD $20.71
United States of America Software Industry PE Ratio Median Figure of 84 Publicly-Listed Software Companies 52.56x
United States of America Market PE Ratio Median Figure of 3,056 Publicly-Listed Companies 17.77x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of 8x8.

NYSE:EGHT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:EGHT Share Price ÷ EPS (both in USD)

= 20.71 ÷ -0.79

-26.3x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 8x8 is loss making, we can't compare its value to the US Software industry average.
  • 8x8 is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does 8x8's expected growth come at a high price?
Raw Data
NYSE:EGHT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -26.3x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts
-7.8%per year
United States of America Software Industry PEG Ratio Median Figure of 66 Publicly-Listed Software Companies 3.58x
United States of America Market PEG Ratio Median Figure of 2,107 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for 8x8, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on 8x8's assets?
Raw Data
NYSE:EGHT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $2.38
NYSE:EGHT Share Price * NYSE (2019-03-19) in USD $20.71
United States of America Software Industry PB Ratio Median Figure of 220 Publicly-Listed Software Companies 5.72x
United States of America Market PB Ratio Median Figure of 5,154 Publicly-Listed Companies 1.89x
NYSE:EGHT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:EGHT Share Price ÷ Book Value per Share (both in USD)

= 20.71 ÷ 2.38

8.7x

* Primary Listing of 8x8.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 8x8 is overvalued based on assets compared to the US Software industry average.
X
Value checks
We assess 8x8's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Software industry average (and greater than 0)? (1 check)
  5. 8x8 has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is 8x8 expected to perform in the next 1 to 3 years based on estimates from 15 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-7.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is 8x8 expected to grow at an attractive rate?
  • Unable to compare 8x8's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare 8x8's earnings growth to the United States of America market average as it is expected to be loss making during the next 1-3 years.
  • 8x8's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:EGHT Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:EGHT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts -7.8%
NYSE:EGHT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts 18.1%
United States of America Software Industry Earnings Growth Rate Market Cap Weighted Average 16.1%
United States of America Software Industry Revenue Growth Rate Market Cap Weighted Average 10.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:EGHT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:EGHT Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 781 1
2022-03-31 635 1
2021-03-31 501 -104 4
2020-03-31 419 -9 -74 15
2019-03-31 352 -10 -82 14
NYSE:EGHT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 338 -4 -74
2018-09-30 324 6 -139
2018-06-30 311 17 -118
2018-03-31 297 22 -104
2017-12-31 284 26 -94
2017-09-30 272 26 -7
2017-06-30 262 28 -6
2017-03-31 253 28 -5
2016-12-31 244 30 -3
2016-09-30 234 30 -3
2016-06-30 221 25 -5
2016-03-31 209 24 -5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • 8x8 is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • 8x8's revenue is expected to grow by 18.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:EGHT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below

All data from 8x8 Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:EGHT Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31
2022-03-31
2021-03-31 -1.08 -0.43 -1.98 3.00
2020-03-31 -0.78 -0.54 -1.09 10.00
2019-03-31 -0.86 -0.82 -0.91 9.00
NYSE:EGHT Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.79
2018-09-30 -1.49
2018-06-30 -1.27
2018-03-31 -1.14
2017-12-31 -1.03
2017-09-30 -0.08
2017-06-30 -0.07
2017-03-31 -0.05
2016-12-31 -0.03
2016-09-30 -0.04
2016-06-30 -0.06
2016-03-31 -0.06

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • 8x8 is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess 8x8's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
8x8 has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has 8x8 performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare 8x8's growth in the last year to its industry (Software).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 8x8 does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare 8x8's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare 8x8's 1-year growth to the US Software industry average as it is not currently profitable.
Earnings and Revenue History
8x8's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from 8x8 Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:EGHT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 338.16 -73.87 275.41 53.94
2018-09-30 323.83 -138.62 259.33 45.59
2018-06-30 310.63 -117.68 237.63 39.96
2018-03-31 296.50 -104.50 222.96 34.80
2017-12-31 283.64 -94.16 207.72 31.92
2017-09-30 271.75 -6.97 192.41 30.49
2017-06-30 262.45 -6.39 182.07 28.69
2017-03-31 253.39 -4.75 170.49 27.45
2016-12-31 244.23 -2.90 159.82 26.42
2016-09-30 233.73 -3.26 150.58 25.73
2016-06-30 221.49 -5.18 142.52 25.67
2016-03-31 209.34 -5.12 134.12 24.04
2015-12-31 195.53 -3.86 123.85 22.28
2015-09-30 183.74 -1.74 114.76 19.74
2015-06-30 172.39 1.45 105.70 16.79
2015-03-31 162.41 1.93 98.85 15.12
2014-12-31 154.67 -0.23 92.31 14.10
2014-09-30 146.04 -0.58 88.73 13.56
2014-06-30 137.26 -0.39 82.27 12.70
2014-03-31 128.60 1.60 75.17 11.63
2013-12-31 120.63 5.09 69.59 10.48
2013-09-30 114.29 6.77 61.67 9.27
2013-06-30 107.79 6.83 57.37 8.66
2013-03-31 103.79 13.45 54.13 8.15
2012-12-31 100.17 75.80 51.40 7.82
2012-09-30 97.04 76.61 49.02 7.65
2012-06-30 92.55 75.90 47.19 7.16
2012-03-31 83.37 70.68 42.20 6.75

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if 8x8 has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if 8x8 has efficiently used its assets last year compared to the US Software industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if 8x8 improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess 8x8's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
8x8 has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is 8x8's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up 8x8's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • 8x8 is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • 8x8's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of 8x8's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • 8x8 has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from 8x8 Company Filings, last reported 2 months ago.

NYSE:EGHT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 227.73 0.00 114.83
2018-09-30 239.36 0.00 128.91
2018-06-30 251.84 0.00 144.46
2018-03-31 218.77 0.00 152.26
2017-12-31 220.41 0.00 160.98
2017-09-30 306.94 0.00 167.05
2017-06-30 311.82 0.00 177.81
2017-03-31 288.60 0.00 174.99
2016-12-31 282.28 0.00 172.65
2016-09-30 281.32 0.00 169.74
2016-06-30 276.98 0.00 167.07
2016-03-31 275.31 0.00 162.85
2015-12-31 269.31 0.00 154.59
2015-09-30 267.71 0.00 149.15
2015-06-30 276.44 0.00 156.97
2015-03-31 272.21 0.00 177.09
2014-12-31 285.78 0.00 187.89
2014-09-30 284.45 0.00 185.57
2014-06-30 280.74 0.00 182.01
2014-03-31 278.18 0.00 106.34
2013-12-31 275.40 0.00 174.02
2013-09-30 145.32 0.00 61.25
2013-06-30 141.19 0.00 57.81
2013-03-31 137.03 0.00 52.27
2012-12-31 133.98 0.00 46.52
2012-09-30 130.99 0.00 40.12
2012-06-30 127.61 0.00 38.24
2012-03-31 118.45 0.00 24.37
  • 8x8 has no debt.
  • 8x8 has not taken on any debt in the past 5 years.
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.

  • 8x8 has sufficient cash runway for more than 3 years based on current free cash flow.
  • 8x8 has sufficient cash runway for 2.1 years if free cash flow continues to grow at historical rates of 100% each year.
X
Financial health checks
We assess 8x8's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. 8x8 has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is 8x8's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from 8x8 dividends. Estimated to be 0% next year.
If you bought $2,000 of 8x8 shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate 8x8's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate 8x8's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:EGHT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
United States of America Software Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 1.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:EGHT Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-03-31
2022-03-31
2021-03-31 0.00 1.00
2020-03-31 0.00 2.00
2019-03-31 0.00 2.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as 8x8 has not reported any payouts.
  • Unable to verify if 8x8's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of 8x8's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as 8x8 has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of 8x8's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess 8x8's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can 8x8 afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. 8x8 has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of 8x8's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Vik Verma
COMPENSATION $4,758,619
AGE 53
TENURE AS CEO 5.5 years
CEO Bio

Mr. Vikram Verma, also known as Vik, has been the Chief Executive Officer of 8x8 Inc. since September 9, 2013. Mr. Verma was the President of Strategic Venture Development at Lockheed Martin. From 2006 through 2008, Mr. Verma was President of the IS&GS Savi Group, a division of Lockheed Martin. He is responsible for identifying and exploiting commercial market opportunities and new business models for existing LM technologies, programs and non-core businesses. Mr. Verma served as the President of Savi Technology, Inc. He served as the Chief Executive Officer of Savi Networks and Head of Savi Group of Lockheed Martin Corporation. He served as Chief Executive Officer of Savi Technology, Inc. until June 7, 2007. Mr. Verma served as Vice President of Engineering and Chief Operating Officer at Savi. He began his career as a Design Engineer at Savi in 1990. He served as the Chief Operating Officer at Savi since 1994. In 1995, he helped negotiate the acquisition of Savi by Texas Instruments (subsequently transitioned to Raytheon). He served as the President and Chief Executive Officer of Savi since 1997 and in partnership with venture capitalists from Silicon Valley and Singapore, he led the management buyout of Savi from Raytheon in May 1999. He served as the Chairman of Savi Technology, Inc. He has been a Director of RAE Systems Inc. since February 16, 2012. He has been a Director of 8x8 Inc. since January 17, 2012. In 1999, he was the recipient of Florida Institute of Technology's Distinguished Achievement Award. He has been granted eight patents and in 1994, his Direction Finding Tag product was recognized as the "Most Innovative Technology Developed by a Small Business" by the White House Office of Science and Technology. He has won numerous other accolades, including being named one of 40 "Technology Pioneers" by the World Economic Forum, in Davos, Switzerland in 2003. He holds Ph.D. in Electrical Engineering from Stanford University. Mr. Verma attended the executive management program for Chief Executive Officer's at Harvard Business School, the AEA Executive Institute at Stanford University and the Financial Management Program at the University of California-Berkeley. He holds a B.S.E.E. degree from the Florida Institute of Technology, an M.S.E. degree from the University of Michigan in electrical engineering and the graduate degree of Engineer in Electrical Engineering from Stanford University.

CEO Compensation
  • Vik's compensation has been consistent with company performance over the past year.
  • Vik's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the 8x8 management team in years:

1.3
Average Tenure
50.5
Average Age
  • The average tenure for the 8x8 management team is less than 2 years, this suggests a new team.
Management Team

Vik Verma

TITLE
CEO & Director
COMPENSATION
$5M
AGE
53
TENURE
5.5 yrs

Darren Hakeman

TITLE
Senior Vice President of Strategy
COMPENSATION
$1M
AGE
48
TENURE
1.5 yrs

Mary Ellen Genovese

TITLE
Managing Director of European Operations
COMPENSATION
$2M
AGE
58
TENURE
0.4 yrs

Dejan Deklich

TITLE
Chief Product Officer
COMPENSATION
$1M
AGE
43
TENURE
2.1 yrs

Bryan Martin

TITLE
Executive Chairman & CTO
COMPENSATION
$1M
AGE
50
TENURE
5.5 yrs

Steven Gatoff

TITLE
CFO & Principal Accounting Officer
AGE
51
TENURE
0.4 yrs

Victoria Hyde-Dunn

TITLE
Investor Relations

Matt Zinn

TITLE
Senior VP
AGE
53
TENURE
0.5 yrs

Joan Citelli

TITLE
Investor Relations Contact

Amelia Generalis

TITLE
Senior Vice President of Human Resources & Workplaces
AGE
47
TENURE
1.2 yrs
Board of Directors Tenure

Average tenure and age of the 8x8 board of directors in years:

6.3
Average Tenure
53
Average Age
  • The tenure for the 8x8 board of directors is about average.
Board of Directors

Bryan Martin

TITLE
Executive Chairman & CTO
COMPENSATION
$1M
AGE
50
TENURE
15.3 yrs

Guy Hecker

TITLE
Lead Director
COMPENSATION
$292K
AGE
85
TENURE
9.2 yrs

Vik Verma

TITLE
CEO & Director
COMPENSATION
$5M
AGE
53
TENURE
7.2 yrs

Eric Salzman

TITLE
Director
COMPENSATION
$247K
AGE
51
TENURE
7.1 yrs

Ian Potter

TITLE
Director
COMPENSATION
$235K
AGE
54
TENURE
5.5 yrs

JP Singh

TITLE
Director
COMPENSATION
$227K
AGE
52
TENURE
5.4 yrs

Vladimir Jacimovic

TITLE
Director
COMPENSATION
$290K
AGE
54
TENURE
5 yrs

Monique Bonner

TITLE
Independent Director
TENURE
0.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
01. Nov 18 Buy Vikram Verma Individual 01. Nov 18 01. Nov 18 5,730 $17.09 $97,945
05. Sep 18 Sell Darren Hakeman Individual 04. Sep 18 04. Sep 18 -8,000 $23.25 $-186,000
30. May 18 Buy Vikram Verma Individual 30. May 18 30. May 18 7,700 $18.21 $140,217
X
Management checks
We assess 8x8's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 8x8 has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Before You Buy 8x8, Inc. (NYSE:EGHT), Consider Its Volatility

Volatility is considered to be a measure of risk in modern finance theory. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Does 8x8 Inc's (NYSE:EGHT) CEO Salary Compare Well With Others?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Vik Verma's Compensation Compare With Similar Sized Companies. … According to our data, 8x8 Inc has a market capitalization of US$1.7b, and pays its CEO total annual compensation worth US$4.8m.

Simply Wall St -

What Kind Of Investor Owns Most Of 8x8 Inc (NYSE:EGHT)?

Companies that used to be publicly owned tend to have lower insider ownership. … With a market capitalization of US$1.5b, 8x8 is a decent size, so it is probably on the radar of institutional investors. … Taking a look at the our data on the ownership groups (below), it's seems that.

Simply Wall St -

What You Must Know About 8x8 Inc's (NYSE:EGHT) Financial Strength

However, it also faces higher cost of capital given interest cost is generally lower than equity. … Is EGHT right in choosing financial flexibility over lower cost of capital. … Debt capital generally has lower cost of capital compared to equity funding

Simply Wall St -

Why 8x8 Inc's (NYSE:EGHT) CEO Salary Matters To You

Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … Incentives can be in the form of compensation, which should always be structured in a way that promotes value-creation to shareholders. … CEOs leading companies of similar size and profitability

Simply Wall St -

Is 8x8 Inc (NYSE:EGHT) Undervalued?

saw significant share price volatility over the past couple of months on the NYSE, rising to the highs of $22.55 and falling to the lows of $18.05. … A question to answer is whether 8x8's current trading price of $19.35 reflective of the actual value of the? … Let’s take a look at 8x8’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

When Will 8x8 Inc (NYSE:EGHT) Become Profitable?

The US$1.77b market-cap company announced a latest loss of -US$104.50m on 31 March 2018 for its most recent financial year result? … Below I will provide a high-level summary of the industry analysts’ expectations for EGHT … According to the industry analysts covering EGHT, breakeven is near.

Simply Wall St -

Has 8x8 Inc (NYSE:EGHT) Got Enough Cash?

See our latest analysis for 8x8 Is EGHT’s debt level acceptable? … Investors' risk associated with debt is virtually non-existent with EGHT, and the company has plenty of headroom and ability to raise debt should it need to in the future. … NYSE:EGHT Historical Debt May 24th 18 Can EGHT meet its short-term obligations with the cash in hand?

Simply Wall St -

Should You Buy 8x8 Inc (NYSE:EGHT) At $18.45?

Furthermore, 8x8’s share price also seems relatively stable compared to the rest of the market, as indicated by its low beta. … If you believe the share price should eventually reach its true value, a low beta could suggest it is unlikely to rapidly do so anytime soon, and once it’s there, it may be hard to fall back down into an attractive buying range. … EGHT’s optimistic future growth appears to have been factored into the current share price, with shares trading above its fair value.

Simply Wall St -

One Thing To Consider Before Buying 8x8 Inc (NYSE:EGHT)

Generally, an investor should consider two types of risk that impact the market value of EGHT. … A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one. … EGHT's beta implies it may be a stock that investors with high-beta portfolios might find relevant if they wanted to reduce their exposure to market risk, especially during times of downturns.

Simply Wall St -

Company Info

Description

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 Virtual Contact Center, a multi-channel cloud-based contact center solution; and 8x8 Virtual Office 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 Sameroom, an interoperability platform, which enables cross-team messaging and collaboration within a large organization and between organizations; 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 direct sales organization, Website, and channel partners. As of March 31, 2018, the company serves approximately 53,800 business customers. 8x8, Inc. was founded in 1987 and is headquartered in San Jose, California.

Details
Name: 8x8, Inc.
EGHT
Exchange: NYSE
Founded: 1987
$1,981,008,795
95,654,698
Website: http://www.8x8.com
Address: 8x8, Inc.
2125 O'Nel Drive,
San Jose,
California, 95131,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE EGHT Common Stock New York Stock Exchange US USD 02. Jul 1997
DB EGT Common Stock Deutsche Boerse AG DE EUR 02. Jul 1997
LSE 0IFS Common Stock London Stock Exchange GB USD 02. Jul 1997
Number of employees
Current staff
Staff numbers
1,225
8x8 employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/19 23:35
End of day share price update: 2019/03/19 00:00
Last estimates confirmation: 2019/03/11
Last earnings filing: 2019/01/30
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.