8x8 shares are trading higher after the company reported better-than-expected Q2 financial results and issued guidance for Q3 and FY24. Also, Craig-Hallum upgraded the stock from Hold to Buy.
Portfolio Pulse from Benzinga Newsdesk
8x8 reported better-than-expected Q2 financial results and issued guidance for Q3 and FY24. Craig-Hallum upgraded the stock from Hold to Buy, leading to a rise in the company's shares.
November 02, 2023 | 4:18 pm
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8x8's shares are trading higher after reporting better-than-expected Q2 results and issuing positive Q3 and FY24 guidance. The stock was also upgraded from Hold to Buy by Craig-Hallum.
The better-than-expected Q2 results and positive future guidance indicate a strong financial performance by 8x8. This, coupled with the upgrade from Craig-Hallum, has led to increased investor confidence, resulting in a rise in the company's share price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100