Why 8x8 Stock is Skyrocketing Today
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8x8 stock jumped more than 50% on Wednesday morning. Here's why investors are suddenly paying attention.8x8 (EGHT +51.20%) is having a fantastic day. Following a great earnings report, the cloud-based communication specialist's stock peaked with a 54.8% gain near 11 a.m. ET. It's a welcome jump, too. 8x8's shares are now trading at prices not seen since March 2025. ExpandNASDAQ: EGHT8x8Today's Change(51.20%) $0.85Current Price$2.51Key Data PointsMarket Cap$230MDay's Range$1.91 - $2.5752wk Range$1.52 - $3.52Volume625KAvg Vol803KGross Margin66.70% 8x8's earnings blew past expectations In the third quarter of fiscal year 2026, 8x8's revenue rose 3.4% year over year to $185 million. Adjusted earnings increased from $0.11 to $0.12 per diluted share. Your average analyst firm would have settled for earnings near $0.09 per share on sales in the neighborhood of $180 million. Management also issued fourth-quarter guidance that is significantly above the current Street view. Image source: Getty Images. The business momentum looks real 8x8 reported strong demand for its full suite of business communications services, and all customers from the 2021 Fuze acquisition have been moved to the core 8x8 platform. Fixed subscription fees have been replaced by usage-based fees -- the more you use 8x8's products, the more you pay -- and clients are embracing the company's voice-driven artificial intelligence (AI) tools. This business is firing on all cylinders right now, making last year's sell-off look overdone. And it's not too late to take advantage of the recent market discounts, even after Wednesday's lofty jump. The stock trades at just 6.8 times forward earnings estimates and 8.2 times reported free cash flow. I'm not saying you should load up on this rarely discussed digital communications stock, but 8x8 deserves a second look from both growth investors and value hounds.Read NextNov 5, 2025 •By Anders BylundWhy 8x8 Stock Is Soaring TodayFeb 1, 2024 •By Anders BylundIs It Time to Give Up on This Cloud-Based Communications Expert?Feb 2, 2023 •By Anders BylundWhy 8x8 Stock Skyrocketed 27.3% on ThursdayDec 10, 2022 •By Anders BylundGot 1,000? 2 Cheap Stocks to Buy Right NowMay 11, 2022 •By Chris NeigerWhy 8x8 Stock Popped Today -- and Then Gave Most of It BackApr 12, 2022 •By Anders Bylund2 Under-the-Radar Tech Stocks to Buy in 2022About the AuthorAnders Bylund is a contributing Motley Fool media and technology analyst covering semiconductors, cloud computing, internet infrastructure, quantum computing, and streaming media. Previously, Anders was a systems administrator for Nielsen Technology and CSX, gaining hands-on experience with enterprise-class systems. He was also a freelance writer for Ars Technica, TIME, USA Today, CNN, WIRED, and AOL's Daily Finance. He holds a bachelor’s degree in English and a master’s degree in library and information sciences from Florida State University. He believes in coyotes and time as an abstract.TMFZahrimX@TMFZahrimStocks Mentioned8x8NASDAQ: EGHT$2.51 (+0.51%) $+0.85*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.