8x8 Sees Q2 2024 Services Revenue $173M-$178M; Sees Q2 2024 Revenue $180M-$186M Vs $189.88M Est
Portfolio Pulse from Benzinga Newsdesk
8x8 Inc. has projected its Q2 2024 services revenue to be between $173M and $178M, and total revenue to be between $180M and $186M. This is lower than the estimated revenue of $189.88M.
August 08, 2023 | 8:17 pm
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NEGATIVE IMPACT
8x8 Inc.'s projected Q2 2024 revenues are lower than estimated, which may negatively impact its stock price.
8x8 Inc.'s projected revenues for Q2 2024 are lower than the estimated $189.88M. This could lead to a negative sentiment among investors, potentially causing a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100