Company profile

Ticker
EGHT
Exchange
Website
CEO
Vikram Verma
Employees
Incorporated in
Location
Fiscal year end
Former names
8X8 Inc, Netergy Networks Inc
SEC CIK
IRS number
770142404

EGHT stock data

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FINRA relative short interest over last month (20 trading days) ?

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

5 Feb 20
22 Feb 20
31 Mar 20

News

Company financial data Financial data

Quarter (USD) Dec 19 Sep 19 Jun 19 Mar 19
Revenue 118.57M 109.52M 96.68M 93.77M
Net income -47.07M -40.93M -34.27M -28.13M
Diluted EPS -0.47 -0.42 -0.36 -0.29
Net profit margin -39.70% -37.38% -35.44% -30.00%
Operating income -43.17M -37.94M -32.55M -28.78M
Net change in cash 22.58M -106.81M -7.56M 248.26M
Cash on hand 184.79M 162.22M 269.03M 276.58M
Cost of revenue
Annual (USD) Mar 19 Mar 18 Mar 17 Mar 16
Revenue 352.59M 296.5M 253.39M 209.34M
Net income -88.74M -104.5M -4.75M -5.12M
Diluted EPS -0.94 -1.14 -0.05 -0.06
Net profit margin -25.17% -35.24% -1.87% -2.45%
Operating income -90.99M -41.9M -6.67M -7.07M
Net change in cash 244.88M -9.33M 7.45M -19.53M
Cash on hand 276.58M 31.7M 41.03M 33.58M
Cost of revenue 50.69M 42.4M 37.08M

Financial data from 8X8 earnings reports

92.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 168 180 -6.7%
Opened positions 23 31 -25.8%
Closed positions 35 27 +29.6%
Increased positions 76 68 +11.8%
Reduced positions 41 40 +2.5%
13F shares
Current Prev Q Change
Total value 23.95B 16.9B +41.7%
Total shares 92.31M 90.32M +2.2%
Total puts 385.9K 187.7K +105.6%
Total calls 691.8K 108.7K +536.4%
Total put/call ratio 0.6 1.7 -67.7%
Largest owners
Shares Value Change
BLK BlackRock 14.89M $272.5M +2.5%
Vanguard 10.35M $189.48M +2.0%
Sylebra Capital 5.11M $93.6M +14.9%
Tiger Global Management 4.95M $90.59M +4.7%
First Trust Advisors 4.18M $76.45M +10.3%
WDR Waddell & Reed Financial 3.64M $66.66M -0.4%
MS Morgan Stanley 3.25M $59.41M +84.9%
Westfield Capital Management 3.07M $56.19M +43.5%
BCS Barclays 3.02M $55.35M -1.4%
UBS UBS 2.84M $52.02M +28.5%
Largest transactions
Shares Bought/sold Change
Point72 Asset Management 1.32M -1.9M -58.9%
Contour Asset Management 0 -1.8M EXIT
MS Morgan Stanley 3.25M +1.49M +84.9%
SG Capital Management 1.19M +1.19M NEW
Westfield Capital Management 3.07M +930.95K +43.5%
Portolan Capital Management 69.76K -721.36K -91.2%
J. Goldman & Co 0 -667.92K EXIT
Sylebra Capital 5.11M +664.15K +14.9%
Citadel Advisors 2.43M -634.29K -20.7%
UBS UBS 2.84M +629.8K +28.5%

Financial report summary

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Risks
  • Our success depends on acquiring new customers, and retaining and selling additional services to existing customers.
  • If the emerging market for cloud communications services does not continue to grow and if we do not increase our market share, our future business could be harmed.
  • Our success in the cloud communications market depends in part on developing and maintaining effective distribution channels. If we fail to develop and maintain these channels, it could harm our ability to increase our revenues.
  • As we increase sales to enterprise customers, our average sales cycle has become longer and more challenging.
  • We face significant risks in implementing and supporting the services we sell to mid-market and larger enterprises and, if we do not manage these efforts effectively, our recurring service revenue may not grow at the rate we expected, and our business and results of operations could be harmed.
  • Intense competition in the markets in which we compete could prevent us from increasing or sustaining our revenue growth and increasing or maintaining profitability and cause us to incur losses, which could harm our business.
  • The market for cloud software solutions is subject to rapid technological change, and we depend on new product and service introductions in order to maintain and grow our business, including in particular our recently launched X Series service line.
  • We have a history of losses and are uncertain of our future profitability.
  • Our churn rate may increase in future periods due to customer cancellations or other factors, which may adversely impact our revenue or require us to spend more money to grow our customer base.
  • We may not be able to scale our business efficiently or quickly enough to meet our customers' growing needs, in which case our operating results could be harmed.
  • To provide our services, we rely on third parties for all of our network connectivity and co-location facilities.
  • Internet access providers and Internet backbone providers may be able to block, degrade or charge for access to, or the bandwidth use of, certain of our products and services, which could lead to additional expenses and the loss of users.
  • Our physical infrastructure is concentrated in a few facilities and any failure in our physical infrastructure or services could lead to significant costs and disruptions and could reduce our revenue, harm our business reputation and have a material adverse effect on our financial results.
  • We depend on third-party vendors for IP phones and certain software endpoints, and any delay or interruption in supply by these vendors would result in delayed or reduced shipments to our customers and may harm our business.
  • If we do not or cannot maintain the compatibility of our communications and collaboration software with third-party applications and mobile platforms that our customers use in their businesses, our revenue will decline.
  • If our software fails due to defects, bugs, vulnerabilities or similar problems, and if we fail to correct any defect or other software problems, we could lose customers, become subject to service performance or warranty claims or incur significant costs.
  • Vulnerabilities to security breaches, cyber intrusions and other malicious acts could adversely impact our business.
  • Failure to comply with laws and contractual obligations related to data privacy and protection could have a material adverse effect on our business, financial condition and operating results.
  • Difficulty executing local number porting requests could negatively impact our business.
  • We could be liable for breaches of security on our website, fraudulent activities by our users, or the failure of third-party vendors to deliver credit card transaction processing services.
  • Natural disasters, war, terrorist attacks or malicious conduct could adversely impact our operations and could degrade or impede our ability to offer services.
  • Our infringement of a third party's proprietary technology could disrupt our business.
  • Inability to protect our proprietary technology would disrupt our business.
  • We may have difficulty attracting or retaining personnel with the technical skills and experience necessary to support our growth.
  • Because our long-term growth strategy involves further expansion outside the United States, our business will be susceptible to risks associated with international operations.
  • Acquisitions may divert our management's attention, result in dilution to our stockholders and consume resources that are necessary to sustain our business.
  • The United Kingdom's withdrawal from the EU may adversely impact our operations in the United Kingdom and elsewhere.
  • Our future operating results may vary substantially from period to period and may be difficult to predict.
  • Our products and services must comply with industry standards, FCC regulations, state, local, country-specific and international regulations, and changes may require us to modify existing products and/or services.
  • Alleged or actual failure of our solutions to comply with regulations governing outbound dialing, including regulations under the Telephone Consumer Protection Act of 1991 and similar foreign statutes, could harm our business, financial condition, results of operations and cash flows.
  • Failure of our back-end information technology systems to function properly could result in significant business disruption.
  • Our inability to use software licensed from third parties, or our use of open source software under license terms that interfere with our proprietary rights, could disrupt our business.
  • Taxing authorities may successfully assert that we should have collected or in the future should collect sales and use, value added, or similar taxes, and we could be subject to liability with respect to past or future sales, which could adversely affect our business.
  • Our ability to use our net operating losses or research tax credits to offset future taxable income may be subject to certain limitations.
  • If we fail to establish and maintain proper and effective internal control over financial reporting, our operating results and our ability to operate our business could be harmed.
  • Changes in financial accounting standards or practices may cause adverse, unexpected financial reporting fluctuations and affect our reported operating results.
  • We may not be able to secure financing on favorable terms, or at all, to meet our future capital needs.
  • Servicing our debt will require a significant amount of cash, and we may not have sufficient cash flow from our business to pay our substantial debt.
  • The capped call transactions entered into in connection with our sale of notes may affect the value of our common stock.
  • Decreasing telecommunications rates and increasing regulatory charges may diminish or eliminate our competitive pricing advantage versus legacy providers.
  • Adverse economic conditions may harm our business.
  • Future sales of our common stock or equity-linked securities in the public market could lower the market price for our common stock.
  • If securities or industry analysts do not publish research or reports about our business, or if they change their recommendations regarding our stock adversely, our stock price and trading volume could decline.
  • Certain provisions in our charter documents and Delaware law could discourage takeover attempts.
Management Discussion
  • Service revenue increased for the three and nine months ended December 31, 2019 compared with the same periods of the previous fiscal year primarily due to an increase in our business customer subscriber base (net of customer churn), an increase in the average service revenue from each customer on a monthly basis and, to a lesser extent, revenue associated with our newly acquired products as compared to the same prior year period.
  • Product revenue increased during the three and nine months ended December 31, 2019 compared with the same period in the prior fiscal year primarily due to increased equipment unit sales to customers during the three months ended December 31, 2019.
  • No customer represented greater than 10% of the Company's total revenue for the three and nine months ended December 31, 2019 or 2018.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: agent, classify, Confirmation, half, Morgan, Poly, program, pursuit, Scansource, SMS, Stanley, tangible, underwriting
Removed: add, assistance, begin, build, collect, efficiently, exempt, flat, fully, order, regulation