8x8 Cuts FY25 Total Revenue Forecast From $720M - $738M To $710M - $732M, Est $728.20M
Portfolio Pulse from Benzinga Newsdesk
8x8 has revised its FY25 total revenue forecast downwards from $720M-$738M to $710M-$732M, with an estimated $728.20M. Service revenue is expected to be between $685M and $707M, and the non-GAAP operating margin is projected to be in the range of 10% to 11%.
August 07, 2024 | 9:56 pm
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8x8 has lowered its FY25 revenue forecast, which may indicate potential challenges in achieving previous growth expectations. This could lead to short-term negative sentiment among investors.
The downward revision of the revenue forecast suggests that 8x8 may face difficulties in meeting its previous growth targets. This could result in a negative reaction from investors, leading to a potential short-term decline in the stock price.
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