EGHT Stock Summary and Trading Ideas (8X8 | NASDAQ:EGHT)

8x8 Inc provides contact-center-as-a-service and unified-communications-as-a-service software applications to approximately 2.5 million users. The company's unified platform enables omnichannel communication to assist employees in communicating across voice, video, text, chat, and contact centers. The Company also generates revenue from sales of hardware and professional services, which are complementary to the delivery of its integrated technology platform.. Geographically, it derives a majority of revenue from the United States.

8X8 trades on the NASDAQ stock market under the symbol EGHT.

As of March 14, 2025, EGHT stock price climbed to $2.14 with 626,021 million shares trading.

EGHT has a market cap of $281.82 million. This is considered a Small Cap stock.

Last quarter 8X8 reported $179 million in Revenue and $.11 earnings per share. This fell short of revenue expectation by $-308,000 and exceeded earnings estimates by $.02.

In the last 3 years, EGHT traded as high as $13.48 and as low as $1.51.

The top ETF exchange traded funds that EGHT belongs to (by Net Assets): VTI, VGT, IWM, VXF, IWO.

EGHT has underperformed the market in the last year with a price return of -21.9% while the SPY ETF gained +11.0%. EGHT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -18.5% and -14.4%, respectively, while the SPY returned -6.5% and -5.3%, respectively.

EGHT support price is $1.99 and resistance is $2.21 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EGHT shares will trade within this expected range on the day.