8x8 (EGHT)
Market Price (9/23/2026): $1.98 | Market Cap: $281.1 MilSector: Information Technology | Industry: Application Software
8x8 (EGHT)
Market Price (9/23/2026): $1.98Market Cap: $281.1 MilSector: Information TechnologyIndustry: Application Software
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldFCF Yield is 16% Megatrend and thematic driversMegatrends include Cloud Computing. Themes include Software as a Service (SaaS). | Weak multi-year price returns2Y Excs Rtn is -34%, 3Y Excs Rtn is -99% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 94% Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.3% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.4% Key risksEGHT key risks include [1] persistent unprofitability and escalating net debt, Show more. |
| Attractive yieldFCF Yield is 16% |
| Megatrend and thematic driversMegatrends include Cloud Computing. Themes include Software as a Service (SaaS). |
| Weak multi-year price returns2Y Excs Rtn is -34%, 3Y Excs Rtn is -99% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 94% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.3% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.4% |
| Key risksEGHT key risks include [1] persistent unprofitability and escalating net debt, Show more. |
Qualitative Assessment
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8x8 (EGHT) stock has lost about 5% since 5/31/2026 because of the following key factors:
1. Gross margin contraction due to product mix shift. 8x8 reported a decline in GAAP gross margin to 61.2% in fiscal Q1 2027 (ended June 30, 2026) from 66.4% in the prior year, despite beating revenue estimates. This contraction was primarily driven by a shift towards lower-margin usage-based revenue, including CPaaS and AI-based solutions, which saw significant year-over-year growth of approximately 63%. Management further guided for continued gross margin pressure in fiscal Q2 2027, projecting figures between 60.5% and 61.5%. This trend indicated a challenge in maintaining profitability amidst changing service offerings.
2. Conservative fiscal Q2 2027 EPS guidance led to immediate stock depreciation. Despite reporting fiscal Q1 2027 earnings per share (EPS) of $0.09, which surpassed the consensus estimate of $0.04 to $0.08, 8x8's shares experienced a significant after-hours decline of 9.38% following the earnings announcement on August 4, 2026. This negative market reaction was largely attributed to the company's subsequent guidance for fiscal Q2 2027, which projected EPS of $0.07-$0.08. This forward-looking outlook for flat or slightly lower EPS, alongside the gross margin pressure, likely disappointed investors looking for stronger sustained profitability.
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8x8 (EGHT) stock has lost about 5% since 5/31/2026 because of the following key factors:
1. Gross margin contraction due to product mix shift. 8x8 reported a decline in GAAP gross margin to 61.2% in fiscal Q1 2027 (ended June 30, 2026) from 66.4% in the prior year, despite beating revenue estimates. This contraction was primarily driven by a shift towards lower-margin usage-based revenue, including CPaaS and AI-based solutions, which saw significant year-over-year growth of approximately 63%. Management further guided for continued gross margin pressure in fiscal Q2 2027, projecting figures between 60.5% and 61.5%. This trend indicated a challenge in maintaining profitability amidst changing service offerings.
2. Conservative fiscal Q2 2027 EPS guidance led to immediate stock depreciation. Despite reporting fiscal Q1 2027 earnings per share (EPS) of $0.09, which surpassed the consensus estimate of $0.04 to $0.08, 8x8's shares experienced a significant after-hours decline of 9.38% following the earnings announcement on August 4, 2026. This negative market reaction was largely attributed to the company's subsequent guidance for fiscal Q2 2027, which projected EPS of $0.07-$0.08. This forward-looking outlook for flat or slightly lower EPS, alongside the gross margin pressure, likely disappointed investors looking for stronger sustained profitability.
3. Valuation concerns amidst projected EPS decline. 8x8's stock traded at a trailing P/E ratio of 44.26, which was higher than the market average of approximately 39.12. Concurrently, analyst forecasts indicated a challenging outlook for future earnings, with projections suggesting a potential EPS decline of 44.7% per annum over the next three years, and a 163.6% per annum decline for EPS. This high valuation in conjunction with anticipated future earnings contractions likely contributed to investor apprehension and selling pressure on the stock.
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Stock Movement Drivers
Fundamental Drivers
The -3.9% change in EGHT stock from 5/31/2026 to 9/22/2026 was primarily driven by a -66.3% change in the company's P/E Multiple.| (LTM values as of) | 5312026 | 9222026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.07 | 1.99 | -3.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 736 | 745 | 1.2% |
| Net Income Margin (%) | 0.2% | 0.6% | 185.6% |
| P/E Multiple | 176.0 | 59.3 | -66.3% |
| Shares Outstanding (Mil) | 140 | 142 | -1.3% |
| Cumulative Contribution | -3.9% |
Market Drivers
5/31/2026 to 9/22/2026| Return | Correlation | |
|---|---|---|
| EGHT | -3.9% | |
| Market (SPY) | 2.5% | 32.6% |
| Sector (XLK) | 2.9% | 13.2% |
Fundamental Drivers
The -7.0% change in EGHT stock from 2/28/2026 to 9/22/2026 was primarily driven by a -7.0% change in the company's P/S Multiple.| (LTM values as of) | 2282026 | 9222026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.14 | 1.99 | -7.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 728 | 745 | 2.3% |
| P/S Multiple | 0.4 | 0.4 | -7.0% |
| Shares Outstanding (Mil) | 139 | 142 | -2.2% |
| Cumulative Contribution | -7.0% |
Market Drivers
2/28/2026 to 9/22/2026| Return | Correlation | |
|---|---|---|
| EGHT | -7.0% | |
| Market (SPY) | 13.3% | 14.8% |
| Sector (XLK) | 41.8% | 10.7% |
Fundamental Drivers
The 0.5% change in EGHT stock from 8/31/2025 to 9/22/2026 was primarily driven by a 3.7% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 8312025 | 9222026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.98 | 1.99 | 0.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 718 | 745 | 3.7% |
| P/S Multiple | 0.4 | 0.4 | 2.1% |
| Shares Outstanding (Mil) | 135 | 142 | -5.0% |
| Cumulative Contribution | 0.5% |
Market Drivers
8/31/2025 to 9/22/2026| Return | Correlation | |
|---|---|---|
| EGHT | 0.5% | |
| Market (SPY) | 21.2% | 14.6% |
| Sector (XLK) | 50.4% | 7.5% |
Fundamental Drivers
The -38.8% change in EGHT stock from 8/31/2023 to 9/22/2026 was primarily driven by a -26.1% change in the company's P/S Multiple.| (LTM values as of) | 8312023 | 9222026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.25 | 1.99 | -38.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 740 | 745 | 0.7% |
| P/S Multiple | 0.5 | 0.4 | -26.1% |
| Shares Outstanding (Mil) | 117 | 142 | -17.7% |
| Cumulative Contribution | -38.8% |
Market Drivers
8/31/2023 to 9/22/2026| Return | Correlation | |
|---|---|---|
| EGHT | -38.8% | |
| Market (SPY) | 78.3% | 28.4% |
| Sector (XLK) | 127.9% | 20.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| EGHT Return | -51% | -74% | -13% | -29% | -26% | -5% | -95% |
| Peers Return | -35% | -69% | 18% | 3% | -8% | 87% | -58% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 107% |
Monthly Win Rates [3] | |||||||
| EGHT Win Rate | 25% | 33% | 58% | 42% | 50% | 44% | |
| Peers Win Rate | 38% | 21% | 50% | 48% | 52% | 69% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 56% | |
Max Drawdowns [4] | |||||||
| EGHT Max Drawdown | -56% | -83% | -65% | -57% | -54% | -41% | |
| Peers Max Drawdown | -50% | -75% | -39% | -37% | -42% | -28% | |
| 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 9/22/2026 (YTD)
How Low Can It Go
| Event | EGHT | S&P 500 |
|---|---|---|
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -25.8% | -7.8% |
| % Gain to Breakeven | 34.8% | 8.5% |
| Time to Breakeven | 78 days | 18 days |
| 2020 COVID-19 Crash | ||
| % Loss | -46.5% | -33.7% |
| % Gain to Breakeven | 86.8% | 50.9% |
| Time to Breakeven | 267 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -20.2% | -19.2% |
| % Gain to Breakeven | 25.2% | 23.8% |
| Time to Breakeven | 140 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -17.1% | -3.7% |
| % Gain to Breakeven | 20.6% | 3.9% |
| Time to Breakeven | 239 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -11.1% | -12.2% |
| % Gain to Breakeven | 12.5% | 13.9% |
| Time to Breakeven | 34 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -25.4% | -6.8% |
| % Gain to Breakeven | 34.0% | 7.3% |
| Time to Breakeven | 20 days | 15 days |
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
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Asset Allocation
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| Event | EGHT | S&P 500 |
|---|---|---|
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -25.8% | -7.8% |
| % Gain to Breakeven | 34.8% | 8.5% |
| Time to Breakeven | 78 days | 18 days |
| 2020 COVID-19 Crash | ||
| % Loss | -46.5% | -33.7% |
| % Gain to Breakeven | 86.8% | 50.9% |
| Time to Breakeven | 267 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -20.2% | -19.2% |
| % Gain to Breakeven | 25.2% | 23.8% |
| Time to Breakeven | 140 days | 105 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -25.4% | -6.8% |
| % Gain to Breakeven | 34.0% | 7.3% |
| Time to Breakeven | 20 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -33.1% | -17.9% |
| % Gain to Breakeven | 49.5% | 21.8% |
| Time to Breakeven | 36 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -22.4% | -15.4% |
| % Gain to Breakeven | 28.9% | 18.2% |
| Time to Breakeven | 28 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -52.8% | -53.4% |
| % Gain to Breakeven | 111.9% | 114.4% |
| Time to Breakeven | 264 days | 1085 days |
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.
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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.
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- 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.
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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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- Alphabet Inc. (GOOGL)
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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.
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The key risks to 8x8's business operations and financial performance are:
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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.
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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.
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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.
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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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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.
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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.
Peer Outperformance in Application Software
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Electronic Manufacturing Services | 9 | 62.3% | 191.7% | 280.0% | TTMI 923% · FLEX 732% · SANM 453% |
| Semiconductor Materials & Equipment | 27 | 105.5% | 97.6% | 109.4% | AXTI 794% · AEHR 754% · LRCX 434% |
| Technology Distributors | 9 | 31.2% | 74.9% | 96.3% | CLMB 393% · AVT 198% · SNX 169% |
| Communications Equipment | 36 | 14.9% | 82.3% | 72.4% | AAOI 1394% · FEIM 1016% · LITE 1006% |
| Electronic Components | 26 | 37.7% | 74.9% | 69.1% | CLS 3582% · BELFA 1352% · COHR 406% |
| Semiconductors | 55 | 24.9% | 42.6% | 40.2% | POET 1906% · MU 1418% · NVDA 922% |
| Technology Hardware, Storage & Peripherals | 20 | 33.2% | 95.1% | 37.9% | STX 1145% · DELL 1068% · SMCI 1008% |
| Internet Services & Infrastructure | 6 | 8.7% | 54.9% | 32.4% | DOCN 67% · VRSN 41% · GDDY 37% |
| Electronic Equipment & Instruments | 26 | -14.1% | 13.0% | -10.6% | PI 194% · OSIS 114% · ACFN 100% |
| IT Consulting & Other Services | 30 | -26.5% | -16.8% | -38.5% | CHRN 557795% · APLD 1259% · TSSI 745% |
| Application Software ← | 125 | -31.1% | -14.2% | -47.5% | VIDA 151567% · INLX 5065% · PLTR 543% |
| Systems Software | 74 | -21.5% | 12.2% | -58.8% | QNC 510% · ZETA 384% · PANW 365% |
Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 79.73 |
| Mkt Cap | 6.7 |
| Rev LTM | 2,584 |
| Op Inc LTM | 174 |
| FCF LTM | 576 |
| FCF 3Y Avg | 472 |
| CFO LTM | 671 |
| CFO 3Y Avg | 557 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.2% |
| Rev Chg 3Y Avg | 7.1% |
| Rev Chg Q | 5.9% |
| QoQ Delta Rev Chg LTM | 1.4% |
| Op Inc Chg LTM | 162.1% |
| Op Inc Chg 3Y Avg | 164.2% |
| Op Mgn LTM | 6.1% |
| Op Mgn 3Y Avg | 1.1% |
| QoQ Delta Op Mgn LTM | 0.4% |
| CFO/Rev LTM | 20.7% |
| CFO/Rev 3Y Avg | 18.4% |
| FCF/Rev LTM | 17.7% |
| FCF/Rev 3Y Avg | 17.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 6.7 |
| P/S | 2.6 |
| P/Op Inc | 38.6 |
| P/EBIT | 36.7 |
| P/E | 49.0 |
| P/CFO | 11.7 |
| Total Yield | 2.0% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 8.3% |
| D/E | 0.2 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 18.0% |
| 3M Rtn | 54.6% |
| 6M Rtn | 118.0% |
| 12M Rtn | 41.3% |
| 3Y Rtn | 32.1% |
| 1M Excs Rtn | 16.8% |
| 3M Excs Rtn | 49.2% |
| 6M Excs Rtn | 89.1% |
| 12M Excs Rtn | 29.4% |
| 3Y Excs Rtn | -46.6% |
Comparison Analyses
Price Behavior
| Market Price | $1.99 | |
| Market Cap ($ Bil) | 0.3 | |
| First Trading Date | 07/02/1997 | |
| Distance from 52W High | -27.9% | |
| 50 Days | 200 Days | |
| DMA Price | $1.95 | $2.01 |
| DMA Trend | indeterminate | up |
| Distance from DMA | 1.8% | -1.2% |
| 3M | 1YR | |
| Volatility | 68.1% | 87.5% |
| Downside Capture | 110.31 | 121.33 |
| Upside Capture | 171.10 | 88.75 |
| Correlation (SPY) | 27.6% | 14.4% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 4.86 | 1.82 | 1.58 | 0.73 | 0.92 | 1.44 |
| Up Beta | 7.23 | 2.16 | 0.70 | -0.52 | -0.09 | 0.95 |
| Down Beta | 1.35 | -1.07 | 1.55 | 1.26 | 1.52 | 1.64 |
| Up Capture | 320% | 243% | 175% | 69% | 90% | 284% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 8 | 20 | 31 | 61 | 120 | 344 |
| Down Capture | 499% | 240% | 199% | 125% | 117% | 111% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 13 | 21 | 32 | 63 | 123 | 370 |
[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 | |
|---|---|---|---|---|
| EGHT | -6.2% | 87.4% | 0.27 | - |
| Sector ETF (XLK) | 41.7% | 26.5% | 1.28 | 6.9% |
| Equity (SPY) | 17.6% | 13.0% | 0.98 | 14.3% |
| Gold (GLD) | 18.0% | 29.3% | 0.56 | -2.1% |
| Commodities (DBC) | 46.6% | 20.7% | 1.75 | -5.4% |
| Real Estate (VNQ) | 5.2% | 13.6% | 0.12 | 10.3% |
| Bitcoin (BTCUSD) | -26.0% | 44.9% | -0.54 | 5.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with EGHT | |
|---|---|---|---|---|
| EGHT | -38.9% | 77.0% | -0.31 | - |
| Sector ETF (XLK) | 21.1% | 26.0% | 0.72 | 33.9% |
| Equity (SPY) | 13.3% | 17.2% | 0.59 | 38.7% |
| Gold (GLD) | 18.9% | 18.8% | 0.81 | 0.2% |
| Commodities (DBC) | 10.8% | 19.6% | 0.43 | 5.1% |
| Real Estate (VNQ) | 1.0% | 18.9% | -0.05 | 34.8% |
| Bitcoin (BTCUSD) | 12.7% | 52.6% | 0.42 | 16.7% |
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 | -17.5% | 65.5% | -0.02 | - |
| Sector ETF (XLK) | 25.0% | 25.0% | 0.90 | 39.2% |
| Equity (SPY) | 15.4% | 17.9% | 0.73 | 41.4% |
| Gold (GLD) | 12.2% | 16.4% | 0.61 | 0.7% |
| Commodities (DBC) | 8.3% | 18.1% | 0.37 | 9.9% |
| Real Estate (VNQ) | 4.7% | 20.7% | 0.19 | 34.2% |
| Bitcoin (BTCUSD) | 64.0% | 66.2% | 1.04 | 12.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 9/9/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/4/2026 | 3.1% | -4.5% | -17.9% |
| 5/19/2026 | -6.2% | -12.0% | -23.7% |
| 2/3/2026 | 47.0% | 59.6% | 47.6% |
| 11/4/2025 | 24.3% | 11.9% | 14.7% |
| 8/5/2025 | -7.9% | -3.1% | 3.1% |
| 5/19/2025 | 0.0% | -7.8% | 2.2% |
| 2/4/2025 | -5.3% | 4.6% | -19.0% |
| 11/4/2024 | 18.5% | 23.7% | 34.5% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 12 | 12 |
| # Negative | 11 | 11 | 11 |
| Median Positive | 19.3% | 16.2% | 17.2% |
| Median Negative | -6.2% | -7.8% | -17.9% |
| Max Positive | 47.0% | 59.6% | 47.6% |
| Max Negative | -26.0% | -36.4% | -36.6% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/4/2026 | 3.1% | -4.5% | -17.9% |
| 5/19/2026 | -6.2% | -12.0% | -23.7% |
| 2/3/2026 | 47.0% | 59.6% | 47.6% |
| 11/4/2025 | 24.3% | 11.9% | 14.7% |
| 8/5/2025 | -7.9% | -3.1% | 3.1% |
| 5/19/2025 | 0.0% | -7.8% | 2.2% |
| 2/4/2025 | -5.3% | 4.6% | -19.0% |
| 11/4/2024 | 18.5% | 23.7% | 34.5% |
| 8/7/2024 | -26.0% | -36.4% | -31.8% |
| 5/8/2024 | 20.1% | 18.4% | 11.1% |
| 1/31/2024 | -11.6% | -17.6% | -16.1% |
| 11/1/2023 | 36.2% | 28.4% | 41.9% |
| 8/8/2023 | -21.6% | -14.0% | -36.6% |
| 5/11/2023 | -3.4% | 11.2% | 22.4% |
| 2/1/2023 | 27.3% | 24.2% | 12.0% |
| 10/27/2022 | 21.1% | 18.8% | 19.6% |
| 7/27/2022 | -2.1% | 5.1% | -4.9% |
| 5/10/2022 | 1.0% | 4.1% | -12.7% |
| 11/2/2021 | -3.8% | -1.6% | -19.6% |
| 8/4/2021 | 3.3% | -1.7% | 4.4% |
| 5/10/2021 | -10.5% | -14.9% | -13.5% |
| 1/28/2021 | -5.7% | -7.1% | -6.3% |
| 10/28/2020 | 14.0% | 14.1% | 27.2% |
| SUMMARY STATS | |||
| # Positive | 12 | 12 | 12 |
| # Negative | 11 | 11 | 11 |
| Median Positive | 19.3% | 16.2% | 17.2% |
| Median Negative | -6.2% | -7.8% | -17.9% |
| Max Positive | 47.0% | 59.6% | 47.6% |
| Max Negative | -26.0% | -36.4% | -36.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/05/2026 | 10-Q |
| 03/31/2026 | 05/22/2026 | 10-K |
| 12/31/2025 | 02/04/2026 | 10-Q |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/22/2025 | 10-K |
| 12/31/2024 | 02/05/2025 | 10-Q |
| 09/30/2024 | 11/06/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/21/2024 | 10-K |
| 12/31/2023 | 02/01/2024 | 10-Q |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/25/2023 | 10-K |
| 12/31/2022 | 02/07/2023 | 10-Q |
| 09/30/2022 | 11/03/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/05/2026 | 10-Q |
| 03/31/2026 | 05/22/2026 | 10-K |
| 12/31/2025 | 02/04/2026 | 10-Q |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/22/2025 | 10-K |
| 12/31/2024 | 02/05/2025 | 10-Q |
| 09/30/2024 | 11/06/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/21/2024 | 10-K |
| 12/31/2023 | 02/01/2024 | 10-Q |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/25/2023 | 10-K |
| 12/31/2022 | 02/07/2023 | 10-Q |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/01/2022 | 10-Q |
| 03/31/2022 | 05/27/2022 | 10-K |
| 12/31/2021 | 02/03/2022 | 10-Q |
| 09/30/2021 | 11/03/2021 | 10-Q |
| 06/30/2021 | 08/05/2021 | 10-Q |
| 03/31/2021 | 05/17/2021 | 10-K |
| 12/31/2020 | 01/29/2021 | 10-Q |
| 09/30/2020 | 10/29/2020 | 10-Q |
| 06/30/2020 | 08/04/2020 | 10-Q |
| 03/31/2020 | 05/19/2020 | 10-K |
| 12/31/2019 | 02/05/2020 | 10-Q |
| 09/30/2019 | 10/31/2019 | 10-Q |
Recent Forward Guidance
Updated 8/5/2026Latest: Q1 2027 Earnings Reported 8/4/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2027 Cash Flow from Operations | Reported | 9.00 Mil | 10.00 Mil | 11.00 Mil | -9.1% | Lower New | Guidance: 11.00 Mil for Q1 2027 | |
| Q2 2027 Service Revenue | Reported | 180.00 Mil | 182.50 Mil | 185.00 Mil | 2.8% | Higher New | Guidance: 177.50 Mil for Q1 2027 | |
| Q2 2027 Total Revenue | Reported | 185.00 Mil | 187.50 Mil | 190.00 Mil | 2.7% | Higher New | Guidance: 182.50 Mil for Q1 2027 | |
| Q2 2027 Gross Profit | Calculated | 111.92 Mil | 114.38 Mil | 116.85 Mil | Rev x Gross Margin | |||
| Q2 2027 Non-GAAP Gross Margin | Reported | 60.5% | 61.0% | 61.5% | -3.0% | Lower New | Guidance: 64.0% for Q1 2027 | |
| Q2 2027 Non-GAAP Operating Margin | Reported | 8.0% | 8.5% | 9.0% | -0.5% | Lower New | Guidance: 9.0% for Q1 2027 | |
| 2027 Cash Flow from Operations | Reported | 45.00 Mil | 48.50 Mil | 52.00 Mil | 0 | Affirmed | Guidance: 48.50 Mil for 2027 | |
| 2027 Service Revenue | Reported | 725.00 Mil | 735.00 Mil | 745.00 Mil | 2.5% | Raised | Guidance: 717.00 Mil for 2027 | |
| 2027 Total Revenue | Reported | 745.00 Mil | 755.00 Mil | 765.00 Mil | 2.4% | Raised | Guidance: 737.00 Mil for 2027 | |
| 2027 Gross Profit | Calculated | 450.73 Mil | 460.55 Mil | 470.48 Mil | Rev x Gross Margin | |||
| 2027 Non-GAAP Gross Margin | Reported | 60.5% | 61.0% | 61.5% | -2.0% | Lowered | Guidance: 63.0% for 2027 | |
| 2027 Non-GAAP Operating Margin | Reported | 8.8% | 9.3% | 9.8% | -0.2% | Lowered | Guidance: 9.5% for 2027 | |
Prior: Q4 2026 Earnings Reported 5/19/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2027 Cash Flow From Operations | Reported | 10.00 Mil | 11.00 Mil | 12.00 Mil | 340.0% | Raised | Guidance: 2.50 Mil for Q4 2026 | |
| Q1 2027 Service Revenue | Reported | 175.00 Mil | 177.50 Mil | 180.00 Mil | 0.9% | Raised | Guidance: 176.00 Mil for Q4 2026 | |
| Q1 2027 Total Revenue | Reported | 180.00 Mil | 182.50 Mil | 185.00 Mil | 0.8% | Raised | Guidance: 181.00 Mil for Q4 2026 | |
| Q1 2027 Non-GAAP Gross Margin | Reported | 63.5% | 64.0% | 64.5% | -0.5% | Lowered | Guidance: 64.5% for Q4 2026 | |
| Q1 2027 Non-GAAP Operating Margin | Reported | 8.5% | 9.0% | 9.5% | 0.0% | Affirmed | Guidance: 9.0% for Q4 2026 | |
| Q1 2027 Non-GAAP Net Income Per Share | Reported | 0.08 | 0.09 | 0.09 | 13.3% | Raised | Guidance: 0.07 for Q4 2026 | |
| 2027 Cash Flow From Operations | Reported | 45.00 Mil | 48.50 Mil | 52.00 Mil | 11.5% | Raised | Guidance: 43.50 Mil for 2026 | |
| 2027 Service Revenue | Reported | 707.00 Mil | 717.00 Mil | 727.00 Mil | 0.8% | Raised | Guidance: 711.10 Mil for 2026 | |
| 2027 Total Revenue | Reported | 727.00 Mil | 737.00 Mil | 747.00 Mil | 0.8% | Raised | Guidance: 731.50 Mil for 2026 | |
| 2027 Non-GAAP Gross Margin | Reported | 62.5% | 63.0% | 63.5% | -2.5% | Lowered | Guidance: 65.5% for 2026 | |
| 2027 Non-GAAP Operating Margin | Reported | 9.0% | 9.5% | 10.0% | -0.2% | Lowered | Guidance: 9.75% for 2026 | |
| 2027 Non-GAAP Net Income Per Share | Reported | 0.33 | 0.35 | 0.38 | -2.7% | Lowered | Guidance: 0.36 for 2026 | |
Q3 2026 Earnings Reported 2/3/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2026 Cash Flow from Operations | Reported | 1.00 Mil | 2.50 Mil | 4.00 Mil | -79.2% | Lower New | Guidance: 12.00 Mil for Q3 2026 | |
| Q4 2026 Service Revenue | Reported | 173.50 Mil | 176.00 Mil | 178.50 Mil | 0.9% | Higher New | Guidance: 174.50 Mil for Q3 2026 | |
| Q4 2026 Total Revenue | Reported | 178.50 Mil | 181.00 Mil | 183.50 Mil | 0.8% | Higher New | Guidance: 179.50 Mil for Q3 2026 | |
| Q4 2026 Non-GAAP Gross Margin | Reported | 64.0% | 64.5% | 65.0% | ||||
| Q4 2026 Non-GAAP Operating Margin | Reported | 8.5% | 9.0% | 9.5% | -0.5% | Lower New | Guidance: 9.5% for Q3 2026 | |
| Q4 2026 Non-GAAP Net Income Per Share | Reported | 0.07 | 0.07 | 0.08 | -11.8% | Lower New | Guidance: 0.09 for Q3 2026 | |
| 2026 Cash Flow from Operations | Reported | 42.00 Mil | 43.50 Mil | 45.00 Mil | 8.8% | Raised | Guidance: 40.00 Mil for 2026 | |
| 2026 Service Revenue | Reported | 708.60 Mil | 711.10 Mil | 713.60 Mil | 1.7% | Raised | Guidance: 699.00 Mil for 2026 | |
| 2026 Total Revenue | Reported | 729.00 Mil | 731.50 Mil | 734.00 Mil | 1.7% | Raised | Guidance: 719.00 Mil for 2026 | |
| 2026 Non-GAAP Gross Margin | Reported | 65.0% | 65.5% | 66.0% | ||||
| 2026 Non-GAAP Operating Margin | Reported | 9.5% | 9.75% | 10.0% | 0.8% | Raised | Guidance: 9.0% for 2026 | |
| 2026 Non-GAAP Net Income Per Share | Reported | 0.36 | 0.36 | 0.37 | 14.1% | Raised | Guidance: 0.32 for 2026 | |
Q2 2026 Earnings Reported 11/4/2025
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q3 2026 Cash Flow From Operations | Reported | 10.00 Mil | 12.00 Mil | 14.00 Mil | 200.0% | Higher New | Guidance: 4.00 Mil for Q2 2026 | |
| Q3 2026 Service Revenue | Reported | 172.00 Mil | 174.50 Mil | 177.00 Mil | 1.2% | Higher New | Guidance: 172.50 Mil for Q2 2026 | |
| Q3 2026 Total Revenue | Reported | 177.00 Mil | 179.50 Mil | 182.00 Mil | 1.1% | Higher New | Guidance: 177.50 Mil for Q2 2026 | |
| Q3 2026 Non-GAAP Operating Margin | Reported | 9.0% | 9.5% | 10.0% | 1.0% | Higher New | Guidance: 8.5% for Q2 2026 | |
| Q3 2026 Non-GAAP Net Income Per Share | Reported | 0.08 | 0.09 | 0.09 | ||||
| 2026 Cash Flow From Operations | Reported | 38.00 Mil | 40.00 Mil | 42.00 Mil | 0.0% | Affirmed | Guidance: 40.00 Mil for 2026 | |
| 2026 Service Revenue | Reported | 692.00 Mil | 699.00 Mil | 706.00 Mil | 0.9% | Raised | Guidance: 692.50 Mil for 2026 | |
| 2026 Total Revenue | Reported | 712.00 Mil | 719.00 Mil | 726.00 Mil | 0.8% | Raised | Guidance: 713.00 Mil for 2026 | |
| 2026 Non-GAAP Operating Margin | Reported | 8.5% | 9.0% | 9.5% | 0.0% | Affirmed | Guidance: 9.0% for 2026 | |
| 2026 Non-GAAP Net Income Per Share | Reported | 0.31 | 0.32 | 0.33 | ||||
Insider Activity
Updated 9/16/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Denny, Laurence | Chief Legal Officer | Direct | Sell | 9142026 | 1.82 | 9,433 | 17,142 | 1,098,099 | Form |
| 2 | Burton, Andrew F | Direct | Sell | 9142026 | 1.81 | 107,085 | 194,241 | 275,014 | Form | |
| 3 | Kraus, Kevin | Chief Financial Officer | Direct | Sell | 8102026 | 2.32 | 34,329 | 79,643 | 2,223,312 | Form |
| 4 | Theophille, Elizabeth Harriet | Direct | Sell | 7282026 | 1.81 | 20,207 | 36,575 | 302,426 | Form | |
| 5 | Denny, Laurence | Chief Legal Officer | Direct | Sell | 2182026 | 2.55 | 5,000 | 12,732 | 959,372 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Denny, Laurence | Chief Legal Officer | Direct | Sell | 9142026 | 1.82 | 9,433 | 17,142 | 1,098,099 | Form |
| 2 | Burton, Andrew F | Direct | Sell | 9142026 | 1.81 | 107,085 | 194,241 | 275,014 | Form | |
| 3 | Kraus, Kevin | Chief Financial Officer | Direct | Sell | 8102026 | 2.32 | 34,329 | 79,643 | 2,223,312 | Form |
| 4 | Theophille, Elizabeth Harriet | Direct | Sell | 7282026 | 1.81 | 20,207 | 36,575 | 302,426 | Form | |
| 5 | Denny, Laurence | Chief Legal Officer | Direct | Sell | 2182026 | 2.55 | 5,000 | 12,732 | 959,372 | Form |
| 6 | Middleton, Hunter | Chief Product Officer | Direct | Sell | 2042026 | 2.50 | 85,044 | 212,814 | 1,633,925 | Form |
| 7 | Denny, Laurence | Chief Legal Officer | Direct | Sell | 12012025 | 1.95 | 5,000 | 9,760 | 764,429 | Form |
Investor Activity (13F)
Updated Sep 23, 2026Active 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.
8x8 — Investor Video Playlist
Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Application Software Resources |
| Capterra |
| Software Advice |
| InfoWorld |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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