Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
In recent filings with the Securities and Exchange Commission, Sylebra Capital LLC disclosed noteworthy transactions involving 8x8 Inc (NASDAQ:EGHT) stock, a company currently valued at $241 million. Over two days, June 11 and June 12, Sylebra Capital sold a total of 303,826 shares of 8x8 Inc, with prices per share ranging from $1.79 to $1.84. The total value of these transactions amounted to $553,848. According to InvestingPro analysis, the stock appears undervalued despite falling 31% over the past six months.
Following these sales, Sylebra Capital’s holdings in 8x8 Inc decreased to 13,781,823 shares. These transactions were conducted indirectly through various affiliated investment entities. Despite the sales, Sylebra Capital and its affiliates, including Daniel Patrick Gibson, have disclaimed beneficial ownership of these securities, except where they have a pecuniary interest. While the company isn’t currently profitable, InvestingPro data shows analysts expect profitability this year. Get access to 8 more exclusive InvestingPro Tips and comprehensive analysis in the Pro Research Report.
In other recent news, 8x8 Inc. reported its fourth-quarter 2025 financial results, with earnings per share meeting expectations at $0.08, while revenue slightly missed forecasts, coming in at $177 million against an anticipated $181.65 million. The company continues to face macroeconomic challenges, impacting its performance and leading to a cautious fiscal year 2026 outlook. Evercore ISI recently adjusted 8x8’s stock price target from $3.00 to $2.00, maintaining an In Line rating, following these mixed results. The company is also planning the end-of-life for its Fuze platform by the end of calendar year 2025, with Fuze-related revenue now accounting for less than 5% of total service revenue.
8x8’s management has set a long-term goal of achieving mid- to high-single-digit growth by fiscal year 2028, driven by expansion into higher market segments and increased usage of AI products. The company highlighted growth in its core service revenue, excluding Fuze, with a 2.8% increase in fiscal year 2025. Additionally, 8x8 introduced several product innovations, including AI-based enhancements, as part of its strategy to differentiate in a competitive market. The firm continues to focus on reducing debt and diversifying revenue streams, with significant progress in upgrading customers from the Fuze platform to 8x8’s integrated solutions.
Despite the challenges, 8x8’s CEO emphasized the company’s resilience and ongoing transformation efforts, noting that their business model is built on creating long-term value. Looking forward, 8x8 projects service revenue between $170 million and $175 million for fiscal Q1 2026 and aims for full fiscal year 2026 service revenue of $682 million to $702 million. The company is optimistic about achieving high single-digit revenue growth by fiscal 2028, supported by strategic initiatives and product innovations.
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