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Fly News Breaks for July 11, 2018
EGHT
Jul 11, 2018 | 19:30 EDT
Stifel analyst Matthew Van Vliet initiated 8x8 with a Buy rating and a price target of $25, saying the company is positioned as a technology leader in cloud communications as a service industry and continues to invest heavily. The analyst adds that its enterprise-grade offerings to businesses of all sizes provide best-in-class communications services in the cloud, noting that the company's management team is now in place to drive increasing enterprise and mid-market penetration.
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