Information Provided By: 
Fly News Breaks for May 25, 2018
EGHT
May 25, 2018 | 06:19 EDT
As previously reported, BofA/Merrill downgraded 8x8, Inc. to Neutral from Buy and raised its price target to $23 from $22. Analyst Nikolay Beliov said 8x8, Inc. reported a Q4 revenue beat but missed on margins again due to increased investment. The company expects to increase FY19 headcount by 30%, which should help FY20 sales, the analyst wrote. Beliov wants to see new sales capacity and new product packaging materially drive sales and efficiency before becoming more constructive on shares.
News For EGHT From the Last 2 Days
There are no results for your query EGHT
