Tearsheet

8x8 (EGHT)


Market Price (12/4/2025): $2.035 | Market Cap: $278.7 Mil
Sector: Information Technology | Industry: Application Software

8x8 (EGHT)


Market Price (12/4/2025): $2.035
Market Cap: $278.7 Mil
Sector: Information Technology
Industry: Application Software

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow


0 Attractive yield
FCF Yield is 13%
Weak multi-year price returns
2Y Excs Rtn is -85%, 3Y Excs Rtn is -123%
Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 105%
1 Megatrend and thematic drivers
Megatrends include Cloud Computing. Themes include Software as a Service (SaaS).
  Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.4%
2   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 -6.2%
0 Attractive yield
FCF Yield is 13%
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 -85%, 3Y Excs Rtn is -123%
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 105%
4 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.4%
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 -6.2%

Valuation, Metrics & Events

EGHT Stock


Why The Stock Moved


Qualitative Assessment

AI Generated Analysis | Feedback

Here are key points that likely contributed to the stock movement of 8x8 (EGHT) during the approximate period from August 31, 2025, to December 4, 2025:

1. Positive Analyst Ratings and Price Targets: On November 5, 2025, Rosenblatt maintained a "buy" rating for 8x8 with a price target of $2.50, implying a potential upside. Additionally, Wedbush increased its Q3 2026 earnings per share estimates for the company on the same date. The overall analyst consensus for 8x8 stock during this period was generally "Buy" with an average price target of $2.49, forecasting a significant increase.

2. Product Innovation and AI Adoption Surge: In November 2025, 8x8 announced new AI-powered and omnichannel enhancements designed to help customers resolve issues faster and personalize interactions. The company also reported a surge in AI adoption among organizations, indicating increased demand for 8x8's solutions. Further bolstering its product portfolio, 8x8 Engage won a Gold award at the 2025 London Design Awards for its outstanding user experience.

Show more

Stock Movement Drivers

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
EGHT Return88%-51%-74%-13%-29%-28%-89%
Peers Return118%13%-47%26%17%21%135%
S&P 500 Return16%27%-19%24%23%16%112%

Monthly Win Rates [3]
EGHT Win Rate58%25%33%58%42%40% 
Peers Win Rate63%62%23%57%58%62% 
S&P 500 Win Rate58%75%42%67%75%70% 

Max Drawdowns [4]
EGHT Max Drawdown-40%-52%-82%-48%-57%-41% 
Peers Max Drawdown-17%-21%-53%-11%-12%-21% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: MSFT, GOOGL, CSCO, ZM, RNG. 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] 2025 data is for the year up to 12/3/2025 (YTD)

How Low Can It Go

Unique KeyEventEGHTS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-94.1%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven1602.2%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-48.1%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven92.6%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven271 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-36.4%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven57.3%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven364 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-76.5%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven326.2%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven651 days1480 days

Compare to MSFT, GOOGL, CSCO, ZM, RNG


In The Past

8x8's stock fell -94.1% during the 2022 Inflation Shock from a high on 1/25/2021. A -94.1% loss requires a 1602.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About 8x8 (EGHT)

Better Bets than 8x8 (EGHT)

Trade Ideas

Select past ideas related to EGHT. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ENPH_11302025_Dip_Buyer_High_CFO_Margins_ExInd_DE11302025ENPHEnphase EnergyDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
0.9%0.9%-0.9%
PD_11262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11262025PDPagerDutyDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
0.8%0.8%0.0%
CRM_11212025_Dip_Buyer_FCFYield11212025CRMSalesforceDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
3.3%3.3%-0.1%
HUBS_11212025_Dip_Buyer_High_CFO_Margins_ExInd_DE11212025HUBSHubSpotDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
5.1%5.1%0.0%
FIVN_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11212025FIVNFive9Dip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
4.0%4.0%0.0%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ENPH_11302025_Dip_Buyer_High_CFO_Margins_ExInd_DE11302025ENPHEnphase EnergyDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
0.9%0.9%-0.9%
PD_11262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11262025PDPagerDutyDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
0.8%0.8%0.0%
CRM_11212025_Dip_Buyer_FCFYield11212025CRMSalesforceDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
3.3%3.3%-0.1%
HUBS_11212025_Dip_Buyer_High_CFO_Margins_ExInd_DE11212025HUBSHubSpotDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
5.1%5.1%0.0%
FIVN_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11212025FIVNFive9Dip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
4.0%4.0%0.0%

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for 8x8

Peers to compare with:

Financials

EGHTMSFTGOOGLCSCOZMRNGMedian
Name8x8 MicrosoftAlphabet Cisco Sy.Zoom Com.RingCent. 
Mkt Price2.04477.73319.6377.7585.6429.2481.69
Mkt Cap0.33,551.03,863.0308.025.82.6166.9
Rev LTM721293,812385,47756,6544,7542,48630,704
Op Inc LTM15135,937124,07712,504971946,738
FCF LTM3978,01773,55213,2881,8455167,566
FCF 3Y Avg4871,30268,99814,1781,5663827,872
CFO LTM54147,039151,42414,1931,9136018,053
CFO 3Y Avg64121,384120,99014,9861,6854648,336

Growth & Margins

EGHTMSFTGOOGLCSCOZMRNGMedian
Name8x8 MicrosoftAlphabet Cisco Sy.Zoom Com.RingCent. 
Rev Chg LTM0.3%15.6%13.4%5.3%3.6%5.5%5.4%
Rev Chg 3Y Avg0.4%13.2%11.0%3.4%3.4%9.2%6.3%
Rev Chg Q1.7%18.4%15.9%7.6%4.7%4.9%6.2%
QoQ Delta Rev Chg LTM0.4%4.3%3.8%1.9%1.2%1.2%1.5%
Op Mgn LTM2.1%46.3%32.2%22.1%20.4%3.8%21.3%
Op Mgn 3Y Avg-0.3%44.6%29.9%24.5%13.1%-3.1%18.8%
QoQ Delta Op Mgn LTM-0.3%0.6%-0.5%0.3%2.3%1.1%0.5%
CFO/Rev LTM7.5%50.0%39.3%25.1%40.2%24.2%32.2%
CFO/Rev 3Y Avg8.8%47.2%35.3%26.7%36.5%19.7%31.0%
FCF/Rev LTM5.4%26.6%19.1%23.5%38.8%20.8%22.1%
FCF/Rev 3Y Avg6.6%28.0%20.5%25.3%33.9%16.1%22.9%

Valuation

EGHTMSFTGOOGLCSCOZMRNGMedian
Name8x8 MicrosoftAlphabet Cisco Sy.Zoom Com.RingCent. 
Mkt Cap0.33,551.03,863.0308.025.82.6166.9
P/S0.413.17.64.95.01.04.9
P/EBIT17.329.619.321.724.227.522.9
P/E-49.036.723.627.019.8193.025.3
P/CFO5.426.219.419.412.34.215.8
Total Yield-2.0%3.4%4.6%6.0%5.0%0.5%4.0%
Dividend Yield0.0%0.6%0.3%2.3%0.0%0.0%0.2%
FCF Yield 3Y Avg16.9%2.3%3.3%6.4%7.6%14.0%7.0%
D/E1.30.00.00.10.00.50.1
Net D/E1.1-0.0-0.00.0-0.30.50.0

Returns

EGHTMSFTGOOGLCSCOZMRNGMedian
Name8x8 MicrosoftAlphabet Cisco Sy.Zoom Com.RingCent. 
1M Rtn9.7%-7.4%12.7%4.4%-0.7%-2.3%1.8%
3M Rtn3.0%-5.3%38.7%15.6%2.6%-3.3%2.8%
6M Rtn16.6%3.4%90.6%22.2%6.1%8.7%12.6%
12M Rtn-33.6%11.6%87.4%34.1%3.6%-21.1%7.6%
3Y Rtn-57.1%91.8%220.4%70.8%15.2%-23.6%43.0%
1M Excs Rtn9.7%-7.4%12.7%4.5%-0.7%-2.3%1.9%
3M Excs Rtn-1.8%-11.1%32.4%9.7%-1.9%-9.6%-1.8%
6M Excs Rtn1.9%-11.4%75.9%7.5%-8.6%-6.0%-2.1%
12M Excs Rtn-47.7%0.1%76.5%21.1%-10.0%-35.8%-4.9%
3Y Excs Rtn-122.8%29.5%162.3%3.7%-53.2%-88.8%-24.7%

Financials

Segment Financials

Revenue by Segment

$ Mil20252024202320222021
Service revenue701710602496414
Other revenue2834363632
Total729744638532446


Price Behavior

Short Interest

Short Interest: As Of Date11142025
Short Interest: Shares Quantity3,376,867
Short Interest: % Change Since 103120250.5%
Average Daily Volume940,454
Days-to-Cover Short Interest3.59
Basic Shares Quantity136,970,000
Short % of Basic Shares2.5%

SEC Filings

Expand for More

Report DateFiling DateFiling
93020251105202510-Q 9/30/2025
6302025806202510-Q 6/30/2025
3312025522202510-K 3/31/2025
12312024205202510-Q 12/31/2024
93020241106202410-Q 9/30/2024
6302024808202410-Q 6/30/2024
3312024521202410-K 3/31/2024
12312023201202410-Q 12/31/2023
93020231103202310-Q 9/30/2023
6302023808202310-Q 6/30/2023
3312023525202310-K 3/31/2023
12312022207202310-Q 12/31/2022
93020221103202210-Q 9/30/2022
6302022801202210-Q 6/30/2022
3312022527202210-K 3/31/2022
12312021203202210-Q 12/31/2021

Insider Activity

Expand for More

 OwnerTitleFiling DateActionPriceSharesTransacted
Value
Value of
Held Shares
Form
0Burton Andrew F. 6232025Sell1.856,64412,309234,660Form
1SYLEBRA CAPITAL LLC 6132025Sell1.84200,000368,00025,549,594Form
2Kraus KevinChief Financial Officer5152025Sell1.811,0001,810799,598Form
3Kraus KevinChief Financial Officer4152025Sell1.671,0001,670739,421Form
4SYLEBRA CAPITAL LLC 3262025Sell2.23101,678226,74231,410,997Form