Top Wall Street Forecasters Revamp 8x8 Expectations Ahead Of Q4 Earnings

Core Insights - 8×8, Inc. is set to release its fourth-quarter earnings results on May 19, with analysts expecting earnings of 8 cents per share, unchanged from the previous year [1] - The projected quarterly revenue is $177.98 million, a decrease from $179.41 million a year earlier [1] - The company has recently expanded its market presence in Ireland through a partnership with CCMA Ireland [1] Analyst Ratings - Rosenblatt analyst Catherine Trebnick maintained a Buy rating but reduced the price target from $3.3 to $2.7 [7] - Wells Fargo analyst Michael Turrin maintained an Underweight rating and cut the price target from $2 to $1.5 [7] - Morgan Stanley analyst Meta Marshall also maintained an Underweight rating, lowering the price target from $2.6 to $1.9 [7] - Mizuho analyst Siti Panigrahi kept an Underperform rating and decreased the price target from $2.5 to $2 [7] - Barclays analyst Ryan Macwilliams maintained an Equal-Weight rating and raised the price target from $2.5 to $3 [7]