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Fly News Breaks for July 28, 2017
EGHT
Jul 28, 2017 | 08:21 EDT
As previously reported, Craig-Hallum analyst George Sutton downgraded 8x8, Inc. to Hold from Buy, saying he supports the company's plans for investments given the clear acceleration of companies moving to the cloud, but he fears the ROI on its spending won't be clear over the next several quarters. He lowered his price target on 8x8 shares to $15 from $19.
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