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Fly News Breaks for September 30, 2019
TWLO, ZM, EGHT
Sep 30, 2019 | 08:59 EDT
As previously reported, BofA Merrill Lynch analyst Nikolay Beliov downgraded 8x8, Inc. (EGHT) to Underperform from Neutral and lowered his price target PO to $21 from $28, noting that Q1 subscription growth was only in-line "despite a beat-and-raise set-up" and that both mid-market ARR growth and enterprise ARR growth slowed in Q1 compared to the prior year. Additionally, he sees the company have "one of the worst sales efficiencies amongst peers," which makes it harder trying to compete with Zoom Video (ZM) and Twilio (TWLO), Beliov tells investors.
News For EGHT;ZM;TWLO From the Last 2 Days
ZM
Mar 27, 2024 | 15:57 EDT
Welcome to "#SocialStocks," The Fly's weekly recap of Wall Street's reactions to social media stock news. GOVERNMENT SCRUTINY: The Biden... To see the rest of the story go to thefly.com. See Story Here