8x8 Competitors

EGHT Stock  USD 2.74  0.10  3.79%   
8x8 Common Stock competes with Kingsoft Cloud, C3 Ai, Eventbrite, and Daily Journal; as well as few others. The company conducts business under Software sector and is part of Information Technology industry. Analyzing 8x8 Common competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of 8x8 Common to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out 8x8 Common Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of 8x8 Common competition on your existing holdings.
  
Return On Capital Employed is likely to drop to -0.1 in 2024. Return On Assets is likely to drop to -0.08 in 2024. At this time, 8x8 Common's Total Assets are comparatively stable compared to the past year. Non Current Assets Total is likely to gain to about 686.7 M in 2024, whereas Return On Assets are likely to drop (0.08) in 2024.
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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 8x8 Common's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
0.142.767.03
Details
Intrinsic
Valuation
LowRealHigh
0.183.517.78
Details
13 Analysts
Consensus
LowTargetHigh
4.144.555.05
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.090.060.12
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as 8x8 Common. Your research has to be compared to or analyzed against 8x8 Common's peers to derive any actionable benefits. When done correctly, 8x8 Common's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in 8x8 Common Stock.

8x8 Common Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between 8x8 Common and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of 8x8 and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of 8x8 Common Stock does not affect the price movement of the other competitor.
KC
AI
EB
DJCO
KC
0.28-0.180.37
KC
AI
0.28-0.50.58
AI
EB
-0.18-0.5-0.78
EB
DJCO
0.370.58-0.78
DJCO
KC
AI
EB
DJCO
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
DJCOAI
DJCOKC
AIKC
  
High negative correlations   
DJCOEB
EBAI
EBKC

Risk-Adjusted Indicators

There is a big difference between 8x8 Stock performing well and 8x8 Common Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze 8x8 Common's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Cross Equities Net Income Analysis

Compare 8x8 Common Stock and related stocks such as Kingsoft Cloud Holdi, C3 Ai Inc, and Eventbrite Class A Net Income Over Time
Select Fundamental
201020112012201320142015201620172018201920202021202220232024
KC(714.2 M)(714.2 M)(714.2 M)(714.2 M)(714.2 M)(714.2 M)(714.2 M)(714.2 M)(1 B)(1.1 B)(962.2 M)(1.6 B)(2.7 B)(2.4 B)(2.3 B)
AI(33.3 M)(33.3 M)(33.3 M)(33.3 M)(33.3 M)(33.3 M)(33.3 M)(33.3 M)(33.3 M)(69.4 M)(55.7 M)(192.1 M)(268.8 M)(242 M)(229.9 M)
EB(40.4 M)(40.4 M)(40.4 M)(40.4 M)(40.4 M)(40.4 M)(40.4 M)(38.5 M)(64.1 M)(68.8 M)(224.7 M)(139.1 M)(55.4 M)(26.5 M)(27.8 M)
DJCO900 K5.5 M3.8 M3.8 M810 K(1 M)(918 K)8.2 M(25.2 M)M112.9 M(75.6 M)21.5 M24.7 M25.9 M

8x8 Common Stock and related stocks such as Kingsoft Cloud Holdi, C3 Ai Inc, and Eventbrite Class A Net Income description

Net income is one of the most important fundamental items in finance. It plays a large role in 8x8 Common Stock financial statement analysis. It represents the amount of money remaining after all of 8x8 Common Stock operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

8x8 Common Competitive Analysis

The better you understand 8x8 Common competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, 8x8 Common's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across 8x8 Common's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
EGHTKCAIEBDJCO
 3.79 
 2.74 
8x8
 2.33 
 2.93 
Kingsoft
 0.74 
 27.26 
C3 Ai
 0.36 
 5.55 
Eventbrite
 2.05 
 356.15 
Daily
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8x8 Common Competition Performance Charts

Five steps to successful analysis of 8x8 Common Competition

8x8 Common's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by 8x8 Common Stock in relation to its competition. 8x8 Common's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of 8x8 Common in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact 8x8 Common's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to 8x8 Common Stock, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your 8x8 Common position

In addition to having 8x8 Common in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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When determining whether 8x8 Common Stock is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if 8x8 Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about 8x8 Common Stock Stock. Highlighted below are key reports to facilitate an investment decision about 8x8 Common Stock Stock:
Check out 8x8 Common Correlation with its peers.
Note that the 8x8 Common Stock information on this page should be used as a complementary analysis to other 8x8 Common's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

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When running 8x8 Common's price analysis, check to measure 8x8 Common's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy 8x8 Common is operating at the current time. Most of 8x8 Common's value examination focuses on studying past and present price action to predict the probability of 8x8 Common's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 8x8 Common's price. Additionally, you may evaluate how the addition of 8x8 Common to your portfolios can decrease your overall portfolio volatility.
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Is 8x8 Common's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of 8x8 Common. If investors know 8x8 will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about 8x8 Common listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.45)
Revenue Per Share
6.179
Quarterly Revenue Growth
0.174
Return On Assets
(0)
Return On Equity
(0.54)
The market value of 8x8 Common Stock is measured differently than its book value, which is the value of 8x8 that is recorded on the company's balance sheet. Investors also form their own opinion of 8x8 Common's value that differs from its market value or its book value, called intrinsic value, which is 8x8 Common's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because 8x8 Common's market value can be influenced by many factors that don't directly affect 8x8 Common's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between 8x8 Common's value and its price as these two are different measures arrived at by different means. Investors typically determine if 8x8 Common is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 8x8 Common's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.