8x8 Guides Q2 Revenue to $185M-$190M, Matching Q4 Levels
EGHT sits 37% above its 52-week low of $1.565.
Summary
8x8 issued Q2 revenue guidance of $185M-$190M, in line with the $185.2M reported in Q4, with a midpoint of $187.5M suggesting flat sequential growth. The company also sees Q2 adjusted EPS of 7c-8c. This follows a Q1 AI adoption surge where customer AI adoption more than doubled year-over-year, and Q1 revenue beat estimates on AI solutions adoption. The guidance provides a concrete near-term revenue target but implies no acceleration from recent levels. With shares at $2.15 and a market cap around $318M, the guidance is a modest positive signal of stability but lacks a growth catalyst.
At the time of this announcement, EGHT was trading at $2.15 on NASDAQ in the Technology sector, with a market capitalization of approximately $317.6M. The 52-week trading range was $1.57 to $2.88. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.