8x8, Inc. Common Stock
EGHT8x8, Inc. (EGHT) is a provider of cloud-based communication and collaboration solutions, including voice, video, chat, and contact center services. The company focuses on delivering integrated communication platforms for businesses to enhance teamwork, customer engagement, and operational efficiency.
Company News
8x8, a cloud-based communications company, reported Q2 2026 results exceeding Wall Street estimates, with a 1.7% year-over-year revenue increase and steady adjusted earnings. The stock jumped 25.43% on positive financial performance and strategic AI integration.
8x8 reported Q1 fiscal 2026 results with slight revenue growth and continued platform innovation, but facing margin pressures during strategic transition and investment in unified communication solutions.
The contact center software market is growing rapidly due to rising demand for AI-driven, cloud-based solutions that improve customer engagement and operational efficiency. Key players in the market include 8x8, Avaya, Cisco, Genesys, and Microsoft.
The global Virtual PBX market is expected to grow at a CAGR of 15.74% from 2024 to 2031, reaching $21.06 billion by 2031. The growth is driven by the rising demand for cloud-based communication solutions, expansion of remote and hybrid work models, and focus on enhanced customer experience.
The SIP trunking services market is expected to grow significantly, driven by the rising adoption of cloud-based solutions that offer businesses flexible, affordable, and scalable communication systems. Key factors driving this expansion include cost-efficiency, digital transformation, and the growing demand for unified communication platforms.
