8x8, Inc. (EGHT) Tops Q2 EPS by 1c

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Summit Redstone Downgrades 8x8 (EGHT) to Hold

October 27, 2017 7:51 AM EDT

Summit Redstone downgraded 8x8 (NASDAQ: EGHT) from Buy to Hold with a price target of $14.00 (from $17.00).

Analyst Jonathan Kees steps aside as the company valuation trades at a premium to peers and Kees believes the stock will remain range bound until the... More