8x8 chief legal officer Laurence Denny sells $17,141 in stock

Chief Legal Officer Laurence Denny of 8x8 Inc. divested 9,433 shares of the company's stock on September 11, 2026, generating a total of $17,141. The sale occurred within the parameters of a pre-established Rule 10b5-1 trading plan, which Denny initiated on June 12, 2026. Following the transaction, Denny retains a stake of 604,281 shares in 8x8.

Currently, the company's shares are trading at $1.84, marking a 12% decline over the past year. Despite this decline, InvestingPro analysis suggests the stock is undervalued, with a PEG ratio of 0.46 indicating promising growth potential based on earnings. For those seeking further insight, InvestingPro offers additional tips and a comprehensive Pro Research Report.

Meanwhile, 8x8 reported first-quarter fiscal 2027 earnings, exceeding earnings per share forecasts. The company reported $0.09 per share in fully diluted earnings, surpassing the expected $0.085. Revenue for the period reached $190.2 million, with service revenue hitting a record high of $185.3 million. Additionally, 8x8 has raised its full-year revenue expectations, marking its fifth consecutive quarter of year-over-year revenue growth. However, the stock experienced a dip in after-hours trading following the announcement.