Here’s Why 8×8 (EGHT) is Among the 10 Most Volatile Penny Stocks to Buy Now

8×8, Inc. (NASDAQ:EGHT) is one of the 10 Most Volatile Penny Stocks to Buy Now.

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.

Here's Why 8x8 (EGHT) is Among the 10 Most Volatile Penny Stocks to Buy Now

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.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.