10 Most Volatile Penny Stocks to Buy Now

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6. 8×8, Inc. (NASDAQ:EGHT)

On May 20, 2026, Rosenblatt raised the firm’s price target on 8×8, Inc. (NASDAQ:EGHT) to $3 from $2.75 and maintained a Buy rating on the shares. Rosenblatt cited a “strong” Q4 report that beat guidance across key metrics and capped “a year of steady execution.”

On May 19, 2026, 8×8, Inc. (NASDAQ:EGHT) reported fiscal Q4 EPS of 11c, ahead of the consensus estimate of 8c. Revenue totaled $185.2M, above the consensus estimate of $181.1M. CEO Samuel Wilson said fiscal 2026 marked a turning point for 8×8, citing four consecutive quarters of revenue growth, the company’s first GAAP-profitable full fiscal year since 2015, balance sheet improvement, and continued platform expansion for AI-driven customer engagement.

8×8, Inc. (NASDAQ:EGHT) expects FY27 EPS of 33c-38c, compared to the consensus estimate of 35c, and revenue of $727M-$747M, compared to the consensus estimate of $737.3M. The company also expects non-GAAP gross margin of 62.5%-63.5%, non-GAAP operating margin of 9.0%-10.0%, and cash flow from operations of $45 million-$52 million.

8×8, Inc. (NASDAQ:EGHT) provides contact center, voice, video, chat, and enterprise-class API solutions worldwide.

While we acknowledge the potential of EGHT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than EGHT and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the 5 Most Volatile Penny Stocks to Buy Now.

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