Avaya - AVYA Stock Forecast, Price & News

Avaya Holdings Corp., through its subsidiaries, provides digital communications products, solutions, and services for businesses worldwide. The company operates in two segments, Products & Solutions and Services. The Products & Solutions segment offers unified communications and collaboration (UCC), and contact center (CC) platforms, applications, and devices. It also provides Avaya OneCloud UCaaS solutions that enables organizations to provide their workers with a single application for all-channel calling, messaging, meetings, and team collaboration with the same use as existing consumer apps; and Avaya OneCloud CCaaS solutions, which enables customers to build a customized portfolio of applications driving customer engagement and customer value, as well as offers communications solutions include voice, email, chat, social media, video, performance management, and third-party integration. This segments Avaya OneCloud CPaaS solutions combines the cloud with its communications platforms, which enables developers to integrate both UCC and CC communications capabilities directly into internal and customer-facing applications and workflows. The Services segment provides global support services, enterprise cloud and managed services, and professional services. The company also offers business devices, such as IP-enabled handsets, multimedia devices, and conferencing systems. It sells directly through its sales force, as well as indirectly through its network of channel partners, including distributors, service providers, dealers, value-added resellers, system integrators, and business partners. The company has a strategic collaboration with RingCentral, Inc. to accelerate the company's transition to the cloud. Avaya Holdings Corp. is headquartered in Durham, North Carolina.

Avaya Trading Up 9.8 %

Shares of AVYA opened at $0.67 on Thursday. The company has a quick ratio of 1.61, a current ratio of 1.66 and a debt-to-equity ratio of 6.54. Avaya has a 12-month low of $0.60 and a 12-month high of $22.47. The firm has a market capitalization of $57.51 million, a PE ratio of -2.09 and a beta of 1.38. The stock's fifty day simple moving average is $2.71 and its 200-day simple moving average is $8.56.

Avaya (NYSE:AVYA - Get Rating) last released its earnings results on Tuesday, August 9th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.29). Avaya had a negative net margin of 0.62% and a positive return on equity of 51.82%. The company had revenue of $577.00 million during the quarter, compared to analyst estimates of $575.88 million. During the same period in the previous year, the company posted $0.43 EPS. The company's quarterly revenue was down 21.2% compared to the same quarter last year. As a group, research analysts predict that Avaya will post 0.25 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Cowen cut Avaya from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $26.00 to $6.00 in a research report on Friday, May 13th. JPMorgan Chase & Co. cut Avaya from a "neutral" rating to an "underweight" rating and lowered their price target for the company from $16.00 to $7.00 in a research report on Wednesday, May 11th. Craig Hallum cut Avaya from a "buy" rating to a "hold" rating in a research report on Friday, July 29th. Barclays cut Avaya from an "equal weight" rating to an "underweight" rating and lowered their price target for the company from $8.00 to $5.00 in a research report on Tuesday, May 17th. Finally, Citigroup lowered their price target on Avaya from $9.00 to $6.00 and set a "neutral" rating on the stock in a research report on Monday, June 6th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $12.70.