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Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
8x8, Inc.
Type
Public
Industry Cloud-based Business Communications Services
Headquarters San Jose, CA, USA
Key people
Vikram Verma (CEO), Bryan R. Martin (Chairman & CTO), Mary Ellen Genovese (CFO)
Products Business VoIP Phone Service
Unified Communications
Hosted Contact Centers
Revenue $209.3 million (FY2016)
Number of employees
800
Website 8x8.com

8x8 Inc. is an American communications technology company that provides VoIP telephony services. 8x8 services include cloud-based voice, call center, video, mobile and unified communications solutions for medium to enterprise-sized businesses and distributed enterprise customers. Some of 8x8's services are offered under the brand Packet8.

8x8 was founded in 1987 by Dr. Chi-Shin Wang and Dr. Y.W. Sing formerly of Weitek as Integrated Information Technology, Inc., or IIT. The name was changed in the early 1990s. They began IIT as a fabless vendor of semiconductor products for the math coprocessor and graphics chipset markets. The company produced x87 floating point coprocessor for the 286, 386 and 486 generations of microprocessors as well as graphics accelerator chips for the personal computer market during the late 1980s and early 1990s.

In 1992 the company began shipping a lossless data compression product called Xtradrive. In the early 1990s IIT began producing chips, software and other technologies for the videoconferencing market. The company changed its name to 8x8 and began marketing its own set-top videoconferencing systems for consumers under the ViaTV brand. 8x8 went public on the NASDAQ market in 1997, trading under the ticker symbol EGHT.

In January 1999, 8x8 launched a family of Voice over IP (VoIP) chips and software that were sold to IP phone, IP/PSTN gateway and other manufacturers of VoIP equipment. 8x8 acquired two companies (Odisei and U|Force), to acquire network/server VoIP technologies, and began selling an end-to-end VoIP services technology solution to service providers in 1999.

In 2002, the company relaunched itself as a VoIP service provider under the Packet8 brand. In 2003, it launched its first consumer videophone services on the Packet8 network. In 2004, the company became the first VoIP service provider to offer replacement, E-911 services to its subscribers. It also launched a suite of business services called Packet8 Virtual Office. In July 2007, 8x8 "entered an agreement … to accept" the 200,000 customers who abruptly lost phone service when VoIP startup SunRocket was liquidated. At the time, the Washington Post described Packet8 as "the third-largest independent Internet-phone service provider with 181,000 customers."

On 25 July 2002, 8x8 announced that its application for listing on the Nasdaq SmallCap Market had been approved. 8x8 retained its ticker symbol of EGHT, and began trading on the Nasdaq SmallCap Market on Friday, 26 July 2002.

On September 1, 2004, the company began selling their product at Fry's stores. 8x8 finished a series of TV commercials featuring San Francisco 49ers players. In 2009, 8x8 added Unified Communications to their portfolio and a contact center solution and mobile solutions in 2011.

8x8 has been awarded 128 patents related to semiconductors, computer architecture, video processing algorithms, videophones and communications technologies and security. In October 2014, 8x8 reported a customer base of more than 40,434 businesses.

In May 2010, 8x8 acquired Central Host, a California-based managed hosting company and began offering cloud-based hosting services. In June 2011, 8x8 announced the acquisition of Zerigo, a Colorado-based cloud services company and began offering cloud servers and managed DNS services. In September 2011, 8x8 acquired Contactual, a hosted contact center company. In 2013, 8x8 acquired UK-based Voicenet, a cloud services company and expanded its offering of the 8x8 portfolio of cloud communications services in the UK.

In May 2015 8x8 acquired privately held UK-based DXI Ltd., a cloud-based contact center solutions vendor for $26 million in cash and stock. In June 2015 8x8 acquired assets of the privately held Delray Beach, Florida based Quality Software Corp. (QSC) as well as two affiliated companies.

In August 2017, Gartner positioned 8x8 in the Leaders Quadrant of its Magic Quadrant for UCaaS (Unified Communications as a Service) for the sixth consecutive year.

In May, 2015, Infonetics Research named 8x8 as the #1 cloud unified communications provider in its 2015 Cloud UC North American Service Provider Scorecard.

The company provides (as of January 2017) products for business phone systems, cloud contact centers, unified communications, and phone equipment such as IP phones. Sample products include:

Investment goal date:
Dividends reinvested
8x8, Inc. EGHT report Q2 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q4 2017
2018-05-21
--
--
Q3 2017
2018-01-23
--
--
Q2 2017
2017-10-26
0.0300
-0.0100
Q1 2017
2017-07-27
0.0200
-0.0200
Q4 2016
2017-05-25
0.0500
-0.0300
Q3 2016
2017-01-25
0.0600
-0.0100
Q2 2016
2016-10-26
0.0600
0.0000
Q1 2016
2016-07-21
0.0600
-0.0100
Q4 2015
2016-05-19
0.0300
-0.0100
Q3 2015
2016-01-21
0.0500
-0.0200
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
ALLIANCEBERNSTEIN L.P.
3662760
BlackRock Fund Advisors
6914579
BlackRock Inc.
10695065
BlackRock Institutional Trust Company, N.A.
2376685
EMERALD ADVISERS INC/PA
2458882
EMERALD MUTUAL FUND ADVISERS TRUST
1994886
FIRST TRUST ADVISORS LP
2750440
LORD, ABBETT & CO. LLC
1785681
NORTHERN TRUST CORP
1173874
Polar Capital LLP
1393330
RENAISSANCE TECHNOLOGIES LLC
1818430
STATE STREET CORP
2125220
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC
1221527
Vanguard Group, Inc
4760026
WADDELL & REED FINANCIAL INC
1485027
Major Shareholders
Name Relationship
Total Shares
Holding stocks
HECKER GUY L JR
1.3400% (1190759)
EGHT /
MARTIN BRYAN R
1.0800% (962172)
EGHT /
NIEDERMAN KIM
0.1400% (123313)
EGHT /
GENOVESE MARY ELLEN P
0.1400% (126557)
EGHT /
JACIMOVIC VLADIMIR S
0.0700% (58288)
EGHT /
REES HUW A
0.7200% (639449)
EGHT /
Weirich Daniel
0.8800% (777832)
EGHT /
Severin Debbie Jo
0.1700% (152786)
EGHT /
SALZMAN ERIC
0.1100% (99912)
EGHT / RMKR /
Salame Mansour
0.0400% (33312)
EGHT /
Verma Vikram
0.7300% (648084)
EGHT /
Hakeman Darren J.
0.0800% (69946)
EGHT /
Potter Ian
0.0900% (78298)
EGHT /
Singh Jaswinder Pal
0.0700% (58288)
EGHT /
% ()