8×8 price target lowered to $3.75 from $5 at Mizuho

Mizuho analyst Siti Panigrahi lowered the firm’s price target on 8×8 to $3.75 from $5 and keeps a Neutral rating on the shares. The analyst reduced revenue expectations post the Q1 report. 8×8 reported “disappointing” earnings, missing its revenue guidance by $4M at the midpoint and reducing its full year outlook by $21.5M at the midpoint, the analyst tells investors in a research note.