BENSALEM, Pa.–(BUSINESS WIRE)–$EGHT–Law Offices of Howard G. Smith announces an investigation on behalf of 8×8, Inc. (“8×8” or the “Company”) (NYSE: EGHT) investors concerning the Company and its officers’ possible violations of federal securities laws.
On July 31, 2019, B. Riley downgraded 8×8 from “Neutral” to “Sell” claiming the July 30, 2019 earnings report that 8×8 put out “appeared to pass muster at first glance” but that “dissecting the company’s guidance and cash flow statement left us with a number of concerns,” which includes deferred sales commissions costs and cash burn.
On this news, 8×8’s share price fell $2.27 per share or over 8%, to close at $24.17 on July 31, 2019, thereby injuring investors.
If you purchased 8×8 securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected], or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
[email protected]
www.howardsmithlaw.com
