8x8, Inc. (EGHT) Falls 5% on British Pound Exposure
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Price: $2.04 -2.86%
Rating Summary:
12 Buy, 9 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 12 | New: 20
Rating Summary:
12 Buy, 9 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 12 | New: 20
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8x8, Inc. (NASDAQ: EGHT) is down 4.7% amid Brexit. While only reporting 12% of revenue from the EU in 2015, receives most of that in British Pounds, and therefore has material exposure to the weaker Pound, according to Needham & Company analyst Richard Valera.
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