EGHT 8x8 Inc

𝙐𝙣𝙙𝙚𝙧𝙨𝙩𝙖𝙣𝙙 𝙩𝙝𝙚 𝙨𝙚𝙡𝙡𝙞𝙣𝙜 𝙥𝙧𝙚𝙨𝙨𝙪𝙧𝙚 𝙛𝙧𝙤𝙢 𝙀𝙏𝙁𝙨 𝙖𝙣𝙙 𝙁𝙪𝙣𝙙𝙨 , 𝙩𝙝𝙚 $𝙇𝙐𝙈𝙉 𝙨𝙩𝙤𝙧𝙮 $LUMN was a classic no growth dividend telecom company. In 2014 at its peak $40 share price, it had $17B of revenue. 8 years later it’s still $17.5B of revenue. But the stock is down -93% , currently at $2.6 . On September 13, 2022 it was announced a new CEO , the former president of Microsoft , a new management to lead the company and create a new digital leader and business transformations to drive growth, or in other words, uncertainty. Stock falls from $10.1 to $9.15 . Analysts started reviewing and lowering targets, stock started to fall hard, I started to be interested. On November 02, 2022 , the company announced it would eliminate the dividend, and authorized a new $1.5 billion buyback program. Stock falls from $7.8 to $5.8 . The dividend yield at the time was 13% , one of the highest in the $SPX500 and the reason a lot of investors held the stock. Th