8x8 Q1 revenue beats estimates on AI solutions adoption

8x8 sees second-quarter service revenue between $180 million and $185 million.

The company expects second-quarter total revenue of $185 million to $190 million.

8x8 forecasts fiscal 2027 total revenue of $745 million to $765 million.

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell".

The average consensus recommendation for the integrated telecommunications services peer group is "buy."

Wall Street's median 12-month price target for 8x8 Inc is $3.00, about 45.6% above its August 3 closing price of $2.06.

The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 5 three months ago.