8x8 (EGHT)


Market Price (11/10/2026): $2.16 | Market Cap: $315.1 MilSector: Information Technology | Industry: Application Software

8x8 (EGHT)


Market Price (11/10/2026): $2.16
Market Cap: $315.1 Mil
Sector: Information Technology
Industry: Application Software

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
FCF Yield is 17%

Megatrend and thematic drivers
Megatrends include Cloud Computing. Themes include Software as a Service (SaaS).

Weak multi-year price returns
2Y Excs Rtn is -36%, 3Y Excs Rtn is -101%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 81%

Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.7%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.0%

Key risks
EGHT key risks include [1] persistent unprofitability and escalating net debt, Show more.

0 Attractive yield
FCF Yield is 17%
1 Megatrend and thematic drivers
Megatrends include Cloud Computing. Themes include Software as a Service (SaaS).
2 Weak multi-year price returns
2Y Excs Rtn is -36%, 3Y Excs Rtn is -101%
3 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 81%
4 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.7%
5 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.0%
6 Key risks
EGHT key risks include [1] persistent unprofitability and escalating net debt, Show more.

EGHT in ETFs

Weight = EGHT's share of each fund

VTI0.00%
ITOT0.00%
IWM0.01%
IWN0.02%
VTWO0.01%
SCHA0.01%
VGT0.00%
DFAS0.00%
+3 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Prices as of 11/9/2026

Nov 6: down 5.3% in one day (S&P 500 up 0.3%)
The stock declined without company headlines. The broader market rose that day.

Up 43.0% from its Jul 23 low to Aug 5, down 6.1% since (S&P 500 up 4.3%)
The stock's significant run was primarily driven by its Q1 fiscal year 2027 earnings report. The company reported record revenue and surpassed estimates on August 4, 2026, which was the biggest day of the run.

Nov 5: down 0.4% the day after its Nov 4 earnings report (S&P 500 down 4.4%)
The stock moved little, as positive Q2 fiscal year 2027 earnings that beat estimates offset a sharp market decline. On November 4, 2026, 8x8 reported earnings of $0.12 per share and topped revenue estimates.

Show more
Prices as of 11/9/2026

Nov 6: down 5.3% in one day (S&P 500 up 0.3%)
The stock declined without company headlines. The broader market rose that day.

Up 43.0% from its Jul 23 low to Aug 5, down 6.1% since (S&P 500 up 4.3%)
The stock's significant run was primarily driven by its Q1 fiscal year 2027 earnings report. The company reported record revenue and surpassed estimates on August 4, 2026, which was the biggest day of the run.

Nov 5: down 0.4% the day after its Nov 4 earnings report (S&P 500 down 4.4%)
The stock moved little, as positive Q2 fiscal year 2027 earnings that beat estimates offset a sharp market decline. On November 4, 2026, 8x8 reported earnings of $0.12 per share and topped revenue estimates.

Show less
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Stock Movement Drivers

Fundamental Drivers

The 14.2% change in EGHT stock from 7/31/2026 to 11/9/2026 was primarily driven by a 338.1% change in the company's Net Income Margin (%).
(LTM values as of)731202611092026Change
Stock Price ($)1.902.1714.2%
Change Contribution By: 
Total Revenues ($ Mil)7367522.3%
Net Income Margin (%)0.2%1.0%338.1%
P/E Multiple161.542.6-73.6%
Shares Outstanding (Mil)140145-3.3%
Cumulative Contribution14.2%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2026 to 11/9/2026
ReturnCorrelation
EGHT14.2% 
Market (SPY)0.8%38.0%
Sector (XLK)-2.5%32.5%

Fundamental Drivers

The 13.0% change in EGHT stock from 4/30/2026 to 11/9/2026 was primarily driven by a 14.1% change in the company's P/S Multiple.
(LTM values as of)430202611092026Change
Stock Price ($)1.922.1713.0%
Change Contribution By: 
Total Revenues ($ Mil)7287523.4%
P/S Multiple0.40.414.1%
Shares Outstanding (Mil)139145-4.2%
Cumulative Contribution13.0%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 11/9/2026
ReturnCorrelation
EGHT13.0% 
Market (SPY)5.0%15.0%
Sector (XLK)7.3%11.7%

Fundamental Drivers

The 17.9% change in EGHT stock from 10/31/2025 to 11/9/2026 was primarily driven by a 21.0% change in the company's P/S Multiple.
(LTM values as of)1031202511092026Change
Stock Price ($)1.842.1717.9%
Change Contribution By: 
Total Revenues ($ Mil)7187524.8%
P/S Multiple0.30.421.0%
Shares Outstanding (Mil)135145-7.0%
Cumulative Contribution17.9%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 11/9/2026
ReturnCorrelation
EGHT17.9% 
Market (SPY)11.3%13.7%
Sector (XLK)14.1%7.8%

Fundamental Drivers

The -8.8% change in EGHT stock from 10/31/2023 to 11/9/2026 was primarily driven by a -19.4% change in the company's Shares Outstanding (Mil).
(LTM values as of)1031202311092026Change
Stock Price ($)2.382.17-8.8%
Change Contribution By: 
Total Revenues ($ Mil)7407521.7%
P/S Multiple0.40.411.2%
Shares Outstanding (Mil)117145-19.4%
Cumulative Contribution-8.8%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2023 to 11/9/2026
ReturnCorrelation
EGHT-8.8% 
Market (SPY)86.2%27.6%
Sector (XLK)112.1%20.5%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
EGHT Return-51%-74%-13%-29%-26%10%-94%
Peers Return-35%-69%18%3%-8%62%-63%
S&P 500 Return27%-19%24%23%16%8%96%

Monthly Win Rates [3]
EGHT Win Rate25%33%58%42%50%55% 
Peers Win Rate38%21%50%48%52%64% 
S&P 500 Win Rate75%42%67%75%67%36% 

Max Drawdowns [4]
EGHT Max Drawdown-56%-83%-65%-57%-54%-41% 
Peers Max Drawdown-50%-75%-39%-37%-42%-30% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: RNG, ZM, FIVN, TWLO. See EGHT Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/9/2026 (YTD)

How Low Can It Go

EventEGHTS&P 500
2024 Yen Carry Trade Unwind
  % Loss-25.8%-7.8%
  % Gain to Breakeven34.8%8.5%
  Time to Breakeven78 days18 days
2020 COVID-19 Crash
  % Loss-46.5%-33.7%
  % Gain to Breakeven86.8%50.9%
  Time to Breakeven267 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-20.2%-19.2%
  % Gain to Breakeven25.2%23.8%
  Time to Breakeven140 days105 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-17.1%-3.7%
  % Gain to Breakeven20.6%3.9%
  Time to Breakeven239 days6 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-11.1%-12.2%
  % Gain to Breakeven12.5%13.9%
  Time to Breakeven34 days62 days
2014-2016 Oil Price Collapse
  % Loss-25.4%-6.8%
  % Gain to Breakeven34.0%7.3%
  Time to Breakeven20 days15 days

Compare to RNG, ZM, FIVN, TWLO

In The Past

8x8's stock fell -25.8% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 34.8% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventEGHTS&P 500
2024 Yen Carry Trade Unwind
  % Loss-25.8%-7.8%
  % Gain to Breakeven34.8%8.5%
  Time to Breakeven78 days18 days
2020 COVID-19 Crash
  % Loss-46.5%-33.7%
  % Gain to Breakeven86.8%50.9%
  Time to Breakeven267 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-20.2%-19.2%
  % Gain to Breakeven25.2%23.8%
  Time to Breakeven140 days105 days
2014-2016 Oil Price Collapse
  % Loss-25.4%-6.8%
  % Gain to Breakeven34.0%7.3%
  Time to Breakeven20 days15 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-33.1%-17.9%
  % Gain to Breakeven49.5%21.8%
  Time to Breakeven36 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-22.4%-15.4%
  % Gain to Breakeven28.9%18.2%
  Time to Breakeven28 days125 days
2008-2009 Global Financial Crisis
  % Loss-52.8%-53.4%
  % Gain to Breakeven111.9%114.4%
  Time to Breakeven264 days1085 days

Compare to RNG, ZM, FIVN, TWLO

In The Past

8x8's stock fell -25.8% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 34.8% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About 8x8 (EGHT)

8x8, Inc. (EGHT) is a global Software-as-a-Service (SaaS) provider specializing in cloud-based communication and contact center solutions. The company offers an integrated platform designed to enhance voice, video, and chat capabilities, along with robust contact center functionalities and communication APIs. Their services cater to a diverse clientele including small and mid-size businesses, mid-market and large enterprises, and government agencies worldwide, helping them manage their internal and external communications efficiently.

The core of 8x8's product portfolio includes 8x8 Work, a comprehensive unified communications solution that integrates enterprise voice with public switched telephone network connectivity, video meetings, and team collaboration tools like messaging. Additionally, they provide 8x8 Contact Center, a multi-channel cloud-based solution for customer service operations, and 8x8 CPaaS (Communications Platform-as-a-Service), which offers global communication APIs for embedding voice, video, and messaging into custom applications. Specialized bundles, such as the X1 through X8 offerings, combine various enterprise-grade communication and collaboration features to meet specific organizational needs.

AI Analysis | Feedback

Here are 1-2 brief analogies to describe 8x8:

  • Imagine Zoom and Twilio combined, specifically for business communications and customer contact centers.

  • The all-in-one cloud communications platform for businesses, similar to Microsoft Teams but with a deeper focus on customer contact center solutions.

AI Analysis | Feedback

  • 8x8 Work: A unified communications solution providing enterprise voice, video meetings, and team messaging.
  • 8x8 Contact Center: A cloud-based, multi-channel solution for managing customer interactions.
  • 8x8 CPaaS: A set of global communications Platform-as-a-Service for embedding communication capabilities into applications.
  • X1-X8 Solution Tiers: Bundled offerings that combine enterprise-grade voice, unified communications, team collaboration, and contact center functionalities.

AI Analysis | Feedback

8x8 (symbol: EGHT) primarily sells its Software-as-a-Service solutions to other companies and organizations rather than individuals.

Based on their business model and public disclosures, 8x8 serves a diverse customer base and does not have any single customer accounting for 10% or more of its revenue. Therefore, there are no specific "major customers" in terms of revenue concentration that are publicly identified.

However, 8x8 serves a wide range of organizations, which can be categorized as:

  • Small and mid-size businesses
  • Mid-market and larger enterprises
  • Government agencies
  • Other organizations worldwide

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Here is the management team for 8x8 (EGHT):

Samuel Wilson, Chief Executive Officer, Director
Samuel Wilson has over 25 years of experience in financial analysis, investment management, and sales. He joined 8x8 in 2017 and has held various leadership positions within the company, including Interim CEO, CFO, Chief Customer Officer, and SVP of SMBs & eCommerce. Before 8x8, Wilson made significant contributions at MobileIron, where he played a key role in its IPO and drove substantial growth. He also spent 14 years in technology banking, recognized as a top-rated Wall Street analyst. Wilson is a US Army veteran and holds an Electrical Engineering degree from Seattle University and an MBA from the University of California, Berkeley.

Kevin Kraus, Chief Financial Officer
Kevin Kraus joined 8x8 in 2019 and has served as interim CFO and Senior Vice President of Finance before being appointed CFO. His career prior to 8x8 includes positions as Vice President of Finance at Imperva, a cybersecurity software company, and Senior Director of Finance at Gigamon. Kraus also played a pivotal role at MobileIron, where he contributed to taking the company public and significantly increasing its annual billings. He holds a Bachelor's degree in Electrical Engineering from Seattle University and an MBA from the University of California, Berkeley.

Hunter Middleton, Chief Product Officer
Hunter Middleton serves as 8x8's Chief Product Officer, leading product management and design for all of the company's integrated cloud communication, contact center, and video collaboration solutions. He is an experienced product management leader with a 21-year record in telecommunications, social collaboration, and enterprise software applications. Prior to 8x8, Middleton was Vice President and Head of Product Management at Jive Software. He also had a 9-year tenure at Google, where he was Head of Product Management for Google Enterprise and led the Google Apps Enterprise product team as it grew G-Suite. Middleton earned his Ph.D. in Physics from Princeton University and holds a master's degree in management from the Kellogg Graduate School of Business at Northwestern University.

Bruno Bertini, Chief Marketing Officer
Bruno Bertini is the Chief Marketing Officer at 8x8, responsible for developing and executing a global marketing strategy to foster growth and market presence. He joined 8x8 in 2023, bringing over 15 years of experience in customer-experience and SaaS marketing leadership. Previously, Bertini served as Global Vice President of Demand Generation & Growth Marketing at Freshworks and held multiple leadership roles as a marketing executive at Genesys, including Global Vice President, Partnerships, Alliances & Ecosystem Marketing. He holds a bachelor's degree in administration and management from Universidade Nove de Julho and has completed executive programs at Northwestern's Kellogg School of Management and Harvard Business School.

Walt Weisner, Chief Customer Officer
Walt Weisner was appointed Chief Customer Officer at 8x8, responsible for the end-to-end experience for 8x8 customers globally. He is a seasoned customer care leader in the SaaS industry, with a track record of building and scaling high-performing teams. Before joining 8x8, Weisner held senior management positions leading global customer care and support operations at cloud and Software-as-a-Service companies such as BlueJeans Network by Verizon, RingCentral, and WebEx. He is recognized as a pioneer in customer experience in the SaaS industry.

AI Analysis | Feedback

The key risks to 8x8's business operations and financial performance are:

  1. Intense Competition and Rapidly Evolving Cloud Communications Market: 8x8 operates in a highly competitive and rapidly evolving cloud communications industry. The company faces significant competition from both existing players and new market entrants, including large, well-capitalized companies. This intense competitive landscape poses a threat to 8x8's market share and pricing power, and can adversely affect its revenue growth. The unpredictability of future operating results and the potential for customer churn further exacerbate this risk.

  2. Financial Health and High Debt Levels: 8x8 has a notable level of debt, with a high net debt to equity ratio (164% at one point). While the company has shown improvements in some financial metrics, such as a reduced net loss, its overall debt load is a concern. The ability to effectively manage and reduce this debt is critical, as high debt can elevate the risk of permanent capital loss for shareholders if the company cannot easily pay it off.

  3. Operational Risks, including Reliance on Third-Party Vendors and Integration of Acquisitions: The company is heavily reliant on third-party vendors for essential services such as network infrastructure, IP phones, and software endpoints. Any disruption, deterioration in quality, or increased cost from these vendors could negatively impact 8x8's operations and service delivery. Additionally, the complexity and length of the sales cycle for enterprise customers, along with the ongoing need to efficiently scale operations, present continuous challenges. The successful integration of past acquisitions, such as Fuze, Inc., and the realization of anticipated synergies from these integrations, remain critical to the company's future success.

AI Analysis | Feedback

The rapid advancement and widespread availability of Generative AI models from companies like OpenAI, Google, and Anthropic, combined with the expanding communication service offerings from hyperscale cloud providers (AWS, Microsoft Azure, Google Cloud). This trend enables enterprises to increasingly build highly customized, AI-first communication and contact center solutions directly, potentially disintermediating specialized Unified Communications as a Service (UCaaS), Contact Center as a Service (CCaaS), and Communication Platform as a Service (CPaaS) vendors such as 8x8 by providing alternative, build-your-own platforms for voice, video, chat, and advanced customer engagement applications.

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Here are the addressable market sizes for 8x8's main products and services:

Unified Communications (UC) / Unified Communications as a Service (UCaaS)

  • The global unified communications market size was valued at USD 136.11 billion in 2023 and is projected to reach USD 417.86 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 17.4% from 2024 to 2030.
  • Another estimate places the global unified communications market size at USD 146.2 billion in 2024, with a projection to reach USD 530.5 billion by 2033, growing at a CAGR of 14.63% from 2025 to 2033.
  • The global unified communications market was valued at USD 164.9 billion in 2024 and is poised to grow to USD 662 billion by 2033, at a CAGR of 16.7% during the forecast period (2026–2033).
  • The global Unified Communications & Collaboration (UC&C) market is projected to be worth USD 341.01 billion by 2034, with a CAGR of 13.24%.
  • For Unified Communications as a Service (UCaaS), the global market is estimated at USD 70.56 billion in 2026 and is projected to reach USD 221.14 billion by 2031, with a CAGR of 25.67%.
  • North America represented 26.0% of the global unified communications market in 2023.

Contact Center (CC) / Contact Center as a Service (CCaaS)

  • The global contact center software market size was estimated at USD 47.71 billion in 2025 and is projected to reach USD 227.57 billion by 2033, growing at a CAGR of 21.9% from 2026 to 2033.
  • Another report indicates the global contact center software market size was approximately USD 46.18 billion in 2024 and is predicted to grow to around USD 399.41 billion by 2034, at a CAGR of roughly 21.8% between 2025 and 2034.
  • The global contact center software market size was valued at USD 63.88 billion in 2025 and is projected to grow from USD 77.82 billion in 2026 to USD 263.75 billion by 2034, exhibiting a CAGR of 16.50% during the forecast period.
  • For Contact Center as a Service (CCaaS), the global market size was valued at USD 6.08 billion in 2024 and is poised to grow to USD 29.53 billion by 2033, at a CAGR of 19.2% during the forecast period (2026–2033).
  • North America accounted for 36.4% of the overall contact center software market in 2025.

Communication Platform as a Service (CPaaS)

  • The global Communication Platform as a Service (CPaaS) market size was estimated at USD 12.50 billion in 2022 and is projected to reach USD 45.30 billion by 2027, growing at a CAGR of 29.4% from 2022 to 2027.
  • The global CPaaS market is valued at USD 17.2 billion in 2026 and is projected to expand at an 18.4% CAGR from 2026 to 2036, reaching USD 87.8 billion.
  • The global CPaaS market size was valued at USD 21.3 billion in 2024 and is poised to grow from USD 26.92 billion in 2025 to USD 175.42 billion by 2033, growing at a CAGR of 26.4% during the forecast period (2026–2033).
  • Another source values the global communications platform-as-a-service market size at USD 29.70 billion in 2026 and expects it to grow to USD 215.36 billion by 2034, registering a CAGR of 28.10% during 2026–2034.
  • The global CPaaS market is forecast to increase by USD 34.22 billion at a CAGR of 24.6% between 2024 and 2029.
  • The global CPaaS market should surge from USD 12.3 billion in 2024 to USD 121 billion by 2034.
  • North America dominated the CPaaS market with a valuation of USD 6.76 billion in 2025 and USD 8.66 billion in 2026.

AI Analysis | Feedback

8x8 (EGHT) is expected to drive future revenue growth over the next 2-3 years through several key strategies: * Accelerated Adoption of AI-Driven Customer Experience Tools and Usage-Based Offerings: The company has seen significant growth in demand and usage across its AI-driven customer experience solutions, such as 8x8 Intelligent Customer Assistant. Usage-based offerings have grown substantially year-over-year and now represent a considerable portion of service revenue, driven by a strategic shift towards hybrid and tokenized pricing models. * Expansion of Multi-Product Adoption Among Existing Customers: 8x8 emphasizes a multi-product strategy, with its top customers increasingly utilizing a broader range of its offerings. This approach is intended to significantly boost recurring revenue and improve customer retention, as customers with three or more products generate considerably more revenue. * Launch and Growth of Strategic New Products: New strategic products, including 8x8 Engage, have demonstrated triple-digit year-over-year revenue growth. The company continues to innovate by making features like Workforce Management native to its contact center solution and introducing AI-powered offerings such as Journeyiq. * International Market Expansion: 8x8 has successfully expanded its presence in international markets, particularly within the healthcare and regulated industries across Europe and the Asia-Pacific region. This expansion contributes positively to overall revenue figures. * Enhanced Channel Partner Programs: New partner programs are instrumental in improving the channel pipeline and sales, with the channel business's growth rate now surpassing that of direct sales.

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Share Repurchases

  • In June 2025, 8x8, Inc. repurchased approximately one million shares of its common stock for about $1.85 million in open market transactions under an existing program authorized in 2017.
  • Approximately 10.7 million shares of common stock were repurchased as part of a balance sheet restructuring in August 2022.
  • The company's stock repurchases amounted to $60.2 million in the fiscal year ended March 2023 and $45 million in the fiscal year ended March 2024.

Share Issuance

  • 8x8's shares outstanding increased from 0.106 billion in March 2021 to 0.130 billion in March 2025, reflecting ongoing share issuance.
  • Approximately $5.082 million in shares were issued in connection with a term loan and convertible senior notes for the nine months ended December 31, 2022.
  • The company has historically utilized an Employee Stock Purchase Plan and employee equity grants, with recent efforts to limit the dilutive impact of such grants.

Outbound Investments

  • In January 2022, 8x8 completed the acquisition of Fuze, Inc., a privately held Unified Communications as a Service (UCaaS) company. This acquisition aimed to accelerate 8x8 XCaaS™ innovation and expand its enterprise customer base and global presence.

Capital Expenditures

  • Capital expenditures were approximately $3.45 million in the last 12 months (ending around March 2026).
  • Capital expenditures were reported as $17 million for the fiscal year ended March 2023 and $17 million for the fiscal year ended March 2024.
  • The company plans to continue investing in research and development to drive innovation across its Platform for CX and in technologies for intelligent automation solutions.

Better Bets vs. 8x8 (EGHT)

Peer Outperformance in Application Software

EGHT has trailed 80% of its 125 Application Software peers over 5Y. Among the peers that beat it are MSTR, DBX and DLB. Application Software ranks 12th of 12 industries in Information Technology by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Application Software constituents that EGHT has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
76%
of 151 industry peers · 13.0% return
3Y
40%
of 136 industry peers · -24.9% return
5Y
20%
of 125 industry peers · -90.5% return
Application Software peers with revenue growth within 4pp of EGHT's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
Ticker Name Rev Growth 3Y Avg P/E 1Y3Y5Y 5Y Gap
EGHT 8x8 0.7% 42.6x 13.0%-24.9%-90.5% —
MSTR Strategy -0.5% -3.7x -48.1%146.7%46.2% +137pp
DBX Dropbox 0.9% 16.3x 5.5%22.4%14.2% +105pp
DLB Dolby Laboratories 1.8% 27.0x 1.8%-21.4%-21.0% +69pp
BLKB Blackbaud 2.3% 16.2x -4.8%-24.9%-36.1% +54pp
TRMB Trimble 1.2% -80.9x -30.7%30.7%-38.1% +52pp
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Information Technology sector, ranked by 5Y. Application Software is EGHT's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Electronic Manufacturing Services 10 15.6%110.8%187.8% FLEX 499% · TTMI 428% · JBL 303%
Technology Distributors 9 50.7%59.2%59.9% AVT 146% · SNX 118% · CNXN 77%
Semiconductor Materials & Equipment 28 39.5%48.2%43.1% AXTI 370% · KLAC 281% · LRCX 274%
Communications Equipment 36 10.5%99.8%38.1% AAOI 806% · LITE 546% · ANET 461%
Electronic Components 24 20.6%78.5%33.8% CLS 1838% · BELFA 1082% · APH 310%
Electronic Equipment & Instruments 27 -5.1%32.8%-0.4% PI 129% · OSIS 112% · MIR 70%
Semiconductors 55 12.1%44.0%-5.3% MU 893% · AVGO 526% · NVDA 485%
Technology Hardware, Storage & Peripherals 21 13.0%88.7%-8.8% WDC 592% · DELL 581% · SMCI 538%
IT Consulting & Other Services 30 -17.7%-7.7%-25.2% APLD 293% · IBM 142% · GIB -10%
Internet Services & Infrastructure 6 -9.8%38.8%-29.7% GDDY 56% · VRSN 33% · AKAM -27%
Systems Software 70 -7.3%17.7%-52.9% ZETA 227% · CRWD 212% · CVLT 145%
Application Software ← 126 -11.5%-11.7%-55.7% PLTR 598% · FROG 180% · AGYS 141%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

EGHTRNGZMFIVNTWLOMedian
Name8x8 RingCent.Zoom Com.Five9 Twilio  
Mkt Price2.1772.3391.4528.02216.4872.33
Mkt Cap0.36.126.82.133.46.1
Rev LTM7522,6214,9931,2415,8312,621
Op Inc LTM271971,18555447197
FCF LTM526041,9251751,111604
FCF 3Y Avg475011,830123889501
CFO LTM656992,0002481,186699
CFO 3Y Avg615881,932190952588

Growth & Margins

EGHTRNGZMFIVNTWLOMedian
Name8x8 RingCent.Zoom Com.Five9 Twilio  
Rev Chg LTM4.3%5.5%5.0%10.1%19.1%5.5%
Rev Chg 3Y Avg0.7%6.7%3.8%12.2%12.6%6.7%
Rev Chg Q4.3%5.9%4.9%13.1%19.9%5.9%
QoQ Delta Rev Chg LTM1.1%1.4%1.2%3.1%4.7%1.4%
Op Inc Chg LTM78.1%109.8%22.0%312.2%249.4%109.8%
Op Inc Chg 3Y Avg152.5%148.7%184.1%150.2%179.1%152.5%
Op Mgn LTM3.6%7.5%23.7%4.4%7.7%7.5%
Op Mgn 3Y Avg1.6%2.9%20.1%-0.6%2.5%2.5%
QoQ Delta Op Mgn LTM0.6%0.8%-0.4%-0.3%1.6%0.6%
CFO/Rev LTM8.7%26.7%40.1%20.0%20.3%20.3%
CFO/Rev 3Y Avg8.4%23.5%40.4%16.7%18.9%18.9%
FCF/Rev LTM7.0%23.0%38.6%14.1%19.0%19.0%
FCF/Rev 3Y Avg6.5%20.0%38.3%10.7%17.6%17.6%

Valuation

EGHTRNGZMFIVNTWLOMedian
Name8x8 RingCent.Zoom Com.Five9 Twilio  
Mkt Cap0.36.126.82.133.46.1
P/S0.42.35.41.75.72.3
P/Op Inc11.530.822.638.574.730.8
P/EBIT11.830.822.627.474.727.4
P/E42.69.28.237.626.326.3
P/CFO4.88.713.48.528.28.7
Total Yield2.3%11.2%12.1%2.6%4.0%4.0%
Dividend Yield0.0%0.4%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg16.2%14.3%8.3%5.6%5.0%8.3%
D/E1.10.20.00.40.00.2
Net D/E0.80.2-0.30.1-0.10.1

Returns

EGHTRNGZMFIVNTWLOMedian
Name8x8 RingCent.Zoom Com.Five9 Twilio  
1M Rtn2.8%-8.6%-6.4%-23.0%-25.2%-8.6%
3M Rtn-3.1%13.0%-14.7%-18.7%-13.4%-13.4%
6M Rtn-17.5%62.9%-14.6%30.9%9.0%9.0%
12M Rtn13.0%170.5%11.9%41.2%69.5%41.2%
3Y Rtn-24.9%164.4%47.4%-55.7%267.9%47.4%
1M Excs Rtn8.4%-3.1%-0.9%-17.6%-19.4%-3.1%
3M Excs Rtn5.9%18.7%-9.2%-9.7%-10.7%-9.2%
6M Excs Rtn-17.0%63.4%-14.1%31.3%9.5%9.5%
12M Excs Rtn0.4%160.3%1.5%20.6%59.6%20.6%
3Y Excs Rtn-101.3%96.9%-21.4%-119.1%240.6%-21.4%

Financials

Segment Financials

Revenue by Segment
$ Mil20262025202420232022
Service revenue715693701710602
Other revenue2022283436
Total736715729744638


Operating Income by Segment
$ Mil20032002
Corporate and Other-4 
Centile-4-6
Netergy-4 
Netergy Micro -2
SCE and Other -3
Total-12-10


Price Behavior

Price Behavior
Market Price$2.17 
Market Cap ($ Bil)0.3 
First Trading Date07/02/1997 
Distance from 52W High-21.4% 
   50 Days200 Days
DMA Price$2.06$2.05
DMA Trendupup
Distance from DMA5.3%6.0%
 3M1YR
Volatility60.2%85.0%
Downside Capture121.1687.41
Upside Capture152.9986.94
Correlation (S&P 500)29.8%12.3%
EGHT Betas & Captures as of 10/31/2026

 1M2M3M6M1Y3Y
Beta2.111.742.610.860.921.44
Up Beta-7.291.815.030.22-0.250.92
Down Beta3.823.252.481.911.651.68
Up Capture138%186%248%41%117%331%
Bmk +ve Days12182862130427
Stock +ve Days10202859120346
Down Capture217%77%168%97%106%112%
Bmk -ve Days10253664121325
Stock -ve Days12223565123368

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with EGHT
EGHT10.2%85.0%0.45-
Sector ETF (XLK)18.7%28.5%0.596.5%
Equity (SPY)13.3%13.7%0.6512.3%
Gold (GLD)3.7%28.8%0.12-1.5%
Commodities (DBC)38.2%21.3%1.42-6.8%
Real Estate (VNQ)13.7%14.3%0.658.4%
Bitcoin (BTCUSD)-25.3%43.6%-0.551.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with EGHT
EGHT-37.6%77.6%-0.28-
Sector ETF (XLK)17.1%26.5%0.5833.3%
Equity (SPY)11.8%17.3%0.5138.1%
Gold (GLD)17.8%19.1%0.750.7%
Commodities (DBC)8.0%19.6%0.294.4%
Real Estate (VNQ)1.5%18.9%-0.0334.4%
Bitcoin (BTCUSD)4.4%51.6%0.2716.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with EGHT
EGHT-16.8%65.9%-0.00-
Sector ETF (XLK)23.1%25.3%0.8338.8%
Equity (SPY)15.3%18.0%0.7241.1%
Gold (GLD)12.1%16.5%0.601.2%
Commodities (DBC)7.6%18.1%0.339.7%
Real Estate (VNQ)6.1%20.7%0.2534.0%
Bitcoin (BTCUSD)60.0%66.3%1.0012.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date10152026
Short Interest: Shares Quantity2.7 Mil
Short Interest: % Change Since 9302026-8.0%
Average Daily Volume1.2 Mil
Days-to-Cover Short Interest2.2 days
Basic Shares Quantity144.9 Mil
Short % of Basic Shares1.8%

Earnings Returns History

Updated 11/9/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/4/2026-0.4%  
8/4/20263.1%-4.5%-17.9%
5/19/2026-6.2%-12.0%-23.7%
2/3/202647.0%59.6%47.6%
11/4/202524.3%11.9%14.7%
8/5/2025-7.9%-3.1%3.1%
5/19/20250.0%-7.8%2.2%
2/4/2025-5.3%4.6%-19.0%
...
SUMMARY STATS   
# Positive111111
# Negative131212
Median Positive20.1%18.4%14.7%
Median Negative-6.2%-7.4%-18.4%
Max Positive47.0%59.6%47.6%
Max Negative-26.0%-36.4%-36.6%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/4/2026-0.4%  
8/4/20263.1%-4.5%-17.9%
5/19/2026-6.2%-12.0%-23.7%
2/3/202647.0%59.6%47.6%
11/4/202524.3%11.9%14.7%
8/5/2025-7.9%-3.1%3.1%
5/19/20250.0%-7.8%2.2%
2/4/2025-5.3%4.6%-19.0%
11/4/202418.5%23.7%34.5%
8/7/2024-26.0%-36.4%-31.8%
5/8/202420.1%18.4%11.1%
1/31/2024-11.6%-17.6%-16.1%
11/1/202336.2%28.4%41.9%
8/8/2023-21.6%-14.0%-36.6%
5/11/2023-3.4%11.2%22.4%
2/1/202327.3%24.2%12.0%
10/27/202221.1%18.8%19.6%
7/27/2022-2.1%5.1%-4.9%
5/10/20221.0%4.1%-12.7%
2/2/2022-7.0%-1.2%-22.3%
11/2/2021-3.8%-1.6%-19.6%
8/4/20213.3%-1.7%4.4%
5/10/2021-10.5%-14.9%-13.5%
1/28/2021-5.7%-7.1%-6.3%
SUMMARY STATS   
# Positive111111
# Negative131212
Median Positive20.1%18.4%14.7%
Median Negative-6.2%-7.4%-18.4%
Max Positive47.0%59.6%47.6%
Max Negative-26.0%-36.4%-36.6%

SEC Filings

Expand for More
Report DateFiling DateFiling
09/30/202611/05/202610-Q
06/30/202608/05/202610-Q
03/31/202605/22/202610-K
12/31/202502/04/202610-Q
09/30/202511/05/202510-Q
06/30/202508/06/202510-Q
03/31/202505/22/202510-K
12/31/202402/05/202510-Q
09/30/202411/06/202410-Q
06/30/202408/08/202410-Q
03/31/202405/21/202410-K
12/31/202302/01/202410-Q
09/30/202311/03/202310-Q
06/30/202308/08/202310-Q
03/31/202305/25/202310-K
12/31/202202/07/202310-Q
Collapse to Preview
Report DateFiling DateFiling
09/30/202611/05/202610-Q
06/30/202608/05/202610-Q
03/31/202605/22/202610-K
12/31/202502/04/202610-Q
09/30/202511/05/202510-Q
06/30/202508/06/202510-Q
03/31/202505/22/202510-K
12/31/202402/05/202510-Q
09/30/202411/06/202410-Q
06/30/202408/08/202410-Q
03/31/202405/21/202410-K
12/31/202302/01/202410-Q
09/30/202311/03/202310-Q
06/30/202308/08/202310-Q
03/31/202305/25/202310-K
12/31/202202/07/202310-Q
09/30/202211/03/202210-Q
06/30/202208/01/202210-Q
03/31/202205/27/202210-K
12/31/202102/03/202210-Q
09/30/202111/03/202110-Q
06/30/202108/05/202110-Q
03/31/202105/17/202110-K
12/31/202001/29/202110-Q
09/30/202010/29/202010-Q
06/30/202008/04/202010-Q
03/31/202005/19/202010-K
12/31/201902/05/202010-Q

Recent Forward Guidance

Updated 11/5/2026

Latest: Q2 2027 Earnings Reported 11/4/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q3 2027 Cash Flow from OperationsReported11.00 Mil12.00 Mil13.00 Mil20.0% Higher NewGuidance: 10.00 Mil for Q2 2027
Q3 2027 Service RevenueReported184.00 Mil186.00 Mil188.00 Mil1.9% Higher NewGuidance: 182.50 Mil for Q2 2027
Q3 2027 Total RevenueReported188.00 Mil190.00 Mil192.00 Mil1.3% Higher NewGuidance: 187.50 Mil for Q2 2027
Q3 2027 Non-GAAP Gross MarginReported58.0%59.0%60.0% -2.0%Lower NewGuidance: 61.0% for Q2 2027
Q3 2027 Non-GAAP Operating MarginReported8.0%9.0%10.0% 0.5%Higher NewGuidance: 8.5% for Q2 2027
Q3 2027 Contractual Interest ExpenseReported 3.70 Mil    
Q3 2027 Cash Interest PaymentsReported 1.70 Mil    
Q3 2027 Non-GAAP Net Income Per Share, DilutedReported0.080.090.09   
2027 Cash Flow from OperationsReported49.00 Mil51.50 Mil54.00 Mil6.2% RaisedGuidance: 48.50 Mil for 2027
2027 Service RevenueReported732.00 Mil742.00 Mil752.00 Mil1.0% RaisedGuidance: 735.00 Mil for 2027
2027 Total RevenueReported750.00 Mil760.00 Mil770.00 Mil0.7% RaisedGuidance: 755.00 Mil for 2027
2027 Non-GAAP Gross MarginReported59.7%59.95%60.2% -1.0%LoweredGuidance: 61.0% for 2027
2027 Non-GAAP Operating MarginReported9.1%9.6%10.1% 0.3%RaisedGuidance: 9.3% for 2027
2027 Non-GAAP Net Income Per Share, DilutedReported0.360.380.4   


Prior: Q1 2027 Earnings Reported 8/4/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q2 2027 Cash Flow from OperationsReported9.00 Mil10.00 Mil11.00 Mil-9.1% Lower NewGuidance: 11.00 Mil for Q1 2027
Q2 2027 Service RevenueReported180.00 Mil182.50 Mil185.00 Mil2.8% Higher NewGuidance: 177.50 Mil for Q1 2027
Q2 2027 Total RevenueReported185.00 Mil187.50 Mil190.00 Mil2.7% Higher NewGuidance: 182.50 Mil for Q1 2027
Q2 2027 Gross ProfitCalculated111.92 Mil114.38 Mil116.85 Mil  Rev x Gross Margin
Q2 2027 Non-GAAP Gross MarginReported60.5%61.0%61.5% -3.0%Lower NewGuidance: 64.0% for Q1 2027
Q2 2027 Non-GAAP Operating MarginReported8.0%8.5%9.0% -0.5%Lower NewGuidance: 9.0% for Q1 2027
2027 Cash Flow from OperationsReported45.00 Mil48.50 Mil52.00 Mil0 AffirmedGuidance: 48.50 Mil for 2027
2027 Service RevenueReported725.00 Mil735.00 Mil745.00 Mil2.5% RaisedGuidance: 717.00 Mil for 2027
2027 Total RevenueReported745.00 Mil755.00 Mil765.00 Mil2.4% RaisedGuidance: 737.00 Mil for 2027
2027 Gross ProfitCalculated450.73 Mil460.55 Mil470.48 Mil  Rev x Gross Margin
2027 Non-GAAP Gross MarginReported60.5%61.0%61.5% -2.0%LoweredGuidance: 63.0% for 2027
2027 Non-GAAP Operating MarginReported8.8%9.3%9.8% -0.2%LoweredGuidance: 9.5% for 2027

Q4 2026 Earnings Reported 5/19/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q1 2027 Cash Flow From OperationsReported10.00 Mil11.00 Mil12.00 Mil340.0% RaisedGuidance: 2.50 Mil for Q4 2026
Q1 2027 Service RevenueReported175.00 Mil177.50 Mil180.00 Mil0.9% RaisedGuidance: 176.00 Mil for Q4 2026
Q1 2027 Total RevenueReported180.00 Mil182.50 Mil185.00 Mil0.8% RaisedGuidance: 181.00 Mil for Q4 2026
Q1 2027 Non-GAAP Gross MarginReported63.5%64.0%64.5% -0.5%LoweredGuidance: 64.5% for Q4 2026
Q1 2027 Non-GAAP Operating MarginReported8.5%9.0%9.5% 0.0%AffirmedGuidance: 9.0% for Q4 2026
Q1 2027 Non-GAAP Net Income Per ShareReported0.080.090.0913.3% RaisedGuidance: 0.08 for Q4 2026
2027 Cash Flow From OperationsReported45.00 Mil48.50 Mil52.00 Mil11.5% RaisedGuidance: 43.50 Mil for 2026
2027 Service RevenueReported707.00 Mil717.00 Mil727.00 Mil0.8% RaisedGuidance: 711.10 Mil for 2026
2027 Total RevenueReported727.00 Mil737.00 Mil747.00 Mil0.8% RaisedGuidance: 731.50 Mil for 2026
2027 Non-GAAP Gross MarginReported62.5%63.0%63.5% -2.5%LoweredGuidance: 65.5% for 2026
2027 Non-GAAP Operating MarginReported9.0%9.5%10.0% -0.2%LoweredGuidance: 9.75% for 2026
2027 Non-GAAP Net Income Per ShareReported0.330.360.38-2.7% LoweredGuidance: 0.37 for 2026

Q3 2026 Earnings Reported 2/3/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q4 2026 Cash Flow from OperationsReported1.00 Mil2.50 Mil4.00 Mil-79.2% Lower NewGuidance: 12.00 Mil for Q3 2026
Q4 2026 Service RevenueReported173.50 Mil176.00 Mil178.50 Mil0.9% Higher NewGuidance: 174.50 Mil for Q3 2026
Q4 2026 Total RevenueReported178.50 Mil181.00 Mil183.50 Mil0.8% Higher NewGuidance: 179.50 Mil for Q3 2026
Q4 2026 Non-GAAP Gross MarginReported64.0%64.5%65.0%   
Q4 2026 Non-GAAP Operating MarginReported8.5%9.0%9.5% -0.5%Lower NewGuidance: 9.5% for Q3 2026
Q4 2026 Non-GAAP Net Income Per ShareReported0.070.080.08-11.8% Lower NewGuidance: 0.09 for Q3 2026
2026 Cash Flow from OperationsReported42.00 Mil43.50 Mil45.00 Mil8.8% RaisedGuidance: 40.00 Mil for 2026
2026 Service RevenueReported708.60 Mil711.10 Mil713.60 Mil1.7% RaisedGuidance: 699.00 Mil for 2026
2026 Total RevenueReported729.00 Mil731.50 Mil734.00 Mil1.7% RaisedGuidance: 719.00 Mil for 2026
2026 Non-GAAP Gross MarginReported65.0%65.5%66.0%   
2026 Non-GAAP Operating MarginReported9.5%9.75%10.0% 0.8%RaisedGuidance: 9.0% for 2026
2026 Non-GAAP Net Income Per ShareReported0.360.370.3714.1% RaisedGuidance: 0.32 for 2026

Insider Activity

Updated 11/9/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Denny, LaurenceChief Legal OfficerDirectSell110920262.3210,00023,2021,369,336Form
2Denny, LaurenceChief Legal OfficerDirectSell91420261.829,43317,1421,098,099Form
3Burton, Andrew F DirectSell91420261.81107,085194,241275,014Form
4Kraus, KevinChief Financial OfficerDirectSell81020262.3234,32979,6432,223,312Form
5Theophille, Elizabeth Harriet DirectSell72820261.8120,20736,575302,426Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Denny, LaurenceChief Legal OfficerDirectSell110920262.3210,00023,2021,369,336Form
2Denny, LaurenceChief Legal OfficerDirectSell91420261.829,43317,1421,098,099Form
3Burton, Andrew F DirectSell91420261.81107,085194,241275,014Form
4Kraus, KevinChief Financial OfficerDirectSell81020262.3234,32979,6432,223,312Form
5Theophille, Elizabeth Harriet DirectSell72820261.8120,20736,575302,426Form
6Denny, LaurenceChief Legal OfficerDirectSell21820262.555,00012,732959,372Form
7Middleton, HunterChief Product OfficerDirectSell20420262.5085,044212,8141,633,925Form
8Denny, LaurenceChief Legal OfficerDirectSell120120251.955,0009,760764,429Form

Investor Activity (13F)

Updated Nov 10, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Lynrock Lake LP$133.6 Mil9.1%27ADD +28.0%13F
Sylebra Capital LLC$14.8 Mil1.9%11TRIM -22.5%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Lynrock Lake LP$133.6 Mil9.1%27ADD +28.0%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Sylebra Capital LLC$14.8 Mil1.9%11TRIM -22.5%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Lynrock Lake LP$133.6 Mil9.1%27ADD +28.0%13F
Sylebra Capital LLC$14.8 Mil1.9%11TRIM -22.5%13F
Core Cache Last Updated: 11/9/2026