NYSE:EGHT

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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


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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: EGHT's weekly volatility has decreased from 11% to 6% over the past year.


Market Performance


7 Day Return

-0.4%

EGHT

0.1%

US Software

0.7%

US Market


1 Year Return

8.0%

EGHT

45.9%

US Software

22.2%

US Market

Return vs Industry: EGHT underperformed the US Software industry which returned 46.9% over the past year.

Return vs Market: EGHT underperformed the US Market which returned 22.7% over the past year.


Shareholder returns

EGHTIndustryMarket
7 Day-0.4%0.1%0.7%
30 Day16.8%10.0%11.8%
90 Day22.0%2.4%8.6%
1 Year8.0%8.0%46.8%45.9%25.0%22.2%
3 Year44.4%44.4%144.4%136.6%49.4%39.5%
5 Year82.4%82.4%235.2%216.9%100.2%78.1%

Long-Term 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?

12.28x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: EGHT ($20.21) is trading above our estimate of fair value ($12.35)

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 (12.3x) compared to the US Software industry average (8x).


Next Steps

Future Growth

How is 8x8 forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?

12.5%

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 (15.5% per year) is forecast to grow faster than the US market (10.2% per year).

High Growth Revenue: EGHT's revenue (15.5% 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?

-54.0%

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 54% 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 (8%).


Return on Equity

High ROE: EGHT has a negative Return on Equity (-101.74%), 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 ($268.5M) exceed its short term liabilities ($116.4M).

Long Term Liabilities: EGHT's short term assets ($268.5M) do not cover its long term liabilities ($396.4M).


Debt to Equity History and Analysis

Debt Level: EGHT's debt to equity ratio (171.9%) 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: 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?

3.1yrs

Average management tenure


CEO

Vik Verma (55 yo)

7.25yrs

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 ($USD5.66M) is above average for companies of similar size in the US market ($USD4.18M).

Compensation vs Earnings: Vik's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Bryan Martin
Executive Chairman & CTO17yrsUS$875.42k0.44%
$ 9.5m
Vikram Verma
CEO & Director7.25yrsUS$5.66m1.21%
$ 26.0m
Matthew Zinn
Senior VP2.25yrsUS$1.14m0.016%
$ 342.1k
Dejan Deklich
Chief Product Officer3.83yrsUS$2.92m0.072%
$ 1.5m
Samuel Wilson
Executive VP & CFO0.50yrno data0.18%
$ 3.8m
Germaine Cota
Chief Accounting Officer0.083yrno data0.0025%
$ 53.5k
Victoria Hyde-Dunn
Investor Relationsno datano datano data
Joan Citelli
Investor Relations Contactno datano datano data
Darren Hakeman
Senior Vice President of Strategy3.25yrsUS$875.22kno data
Margaret Breya
Executive VP & Chief Marketing Officer0.92yrno datano data
Amelia Generalis
Chief People Officer2.92yrsno datano data
Mehdi Salour
Senior Vice President of Network Operations & DevOps4.58yrsUS$280.56kno data

3.1yrs

Average Tenure

50yo

Average Age

Experienced Management: EGHT's management team is considered experienced (3.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Bryan Martin
Executive Chairman & CTO17yrsUS$875.42k0.44%
$ 9.5m
Vikram Verma
CEO & Director7.25yrsUS$5.66m1.21%
$ 26.0m
Vladimir Jacimovic
Independent Director6.75yrsUS$214.98k0.095%
$ 2.0m
Todd Ford
Independent Director1.5yrsUS$364.46k0.012%
$ 258.3k
Eric Salzman
Independent Director8.83yrsUS$247.48k0.13%
$ 2.8m
Jaswinder Singh
Lead Independent Director1.58yrsUS$257.77k0.090%
$ 1.9m
Monique Bonner
Independent Director2.17yrsUS$236.99k0.019%
$ 413.0k
Elizabeth Theophille
Independent Director1.5yrsUS$327.23k0.0070%
$ 150.4k

4.5yrs

Average Tenure

53yo

Average Age

Experienced Board: EGHT's board of directors are considered experienced (4.5 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 6.1%.


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$2.149b
  • Shares outstanding: 106.32m
  • 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 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/02 23:24
End of Day Share Price2020/12/02 00:00
Earnings2020/09/30
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.