SproutNews logo

Bronstein, Gewirtz & Grossman, LLC Announces Investigation of 8×8, Inc. (EGHT)

NEW YORK, NY / ACCESSWIRE / August 1, 2019 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of 8×8, Inc. (“8×8” or the “Company”) (NYSE:EGHT). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: www.bgandg.com/eght.

The investigation concerns whether 8×8 and certain of its officers and/or directors have violated federal securities laws.

On July 31, 2019, B. Riley downgraded 8×8 from “Neutral” to “Sell,” stating that 8×8’s July 30, 2019 earnings report “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,” including cash burn and deferred sales commission costs. On this news, 8×8’s stock price fell sharply during intraday trading on July 31, 2019.

If you are aware of any facts relating to this investigation, or purchased 8×8 shares, you can assist this investigation by visiting the firm’s site: www.bgandg.com/eght. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.


Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC

ReleaseID: 554150

Go Top