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Fly News Breaks for May 2, 2017
EGHT
May 2, 2017 | 07:31 EDT
Baird analyst William Power said he would be a buyer of the recent weakness in 8x8 as he does not believe the competitive environment has changed meaningfully and he continues to expect strong 2018 growth. Given strong growth and continued favorable industry trends the weakness is a buying opportunity, said Power, who reiterated his Outperform rating and $18 price target on 8x8 shares.
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