NYSE:AVYAAvaya Stock Price, Forecast & News

Avaya's stock was trading at $8.44 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, AVYA shares have increased by 38.6% and is now trading at $11.70. View which stocks have been most impacted by Coronavirus.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avaya in the last year. There are currently 1 hold rating and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Avaya.

Avaya is scheduled to release its next quarterly earnings announcement on Tuesday, August 11th 2020. View our earnings forecast for Avaya.

Avaya Holdings Corp (NYSE:AVYA) announced its earnings results on Monday, May, 11th. The company reported ($7.24) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.53 by $7.77. The company earned $682 million during the quarter, compared to analysts' expectations of $624.20 million. Avaya had a positive return on equity of 7.05% and a negative net margin of 49.10%. The company's revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.12) earnings per share. View Avaya's earnings history.

Avaya issued an update on its third quarter 2020 Pre-Market earnings guidance on Monday, May, 11th. The company provided EPS guidance of for the period. The company issued revenue guidance of $675-705 million, compared to the consensus revenue estimate of $618.51 million.

8 brokers have issued twelve-month price targets for Avaya's shares. Their forecasts range from $15.00 to $22.00. On average, they anticipate Avaya's share price to reach $17.63 in the next twelve months. This suggests a possible upside of 50.6% from the stock's current price. View analysts' price targets for Avaya.

Media stories about AVYA stock have trended extremely negative recently, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Avaya earned a news sentiment score of -4.3 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 3.0 out of 10, indicating that recent media coverage is unlikely to have an impact on the stock's share price in the near future. View the latest news about Avaya.

Avaya saw a drop in short interest in June. As of June 30th, there was short interest totaling 16,710,000 shares, a drop of 8.6% from the June 15th total of 18,290,000 shares. Based on an average daily volume of 2,280,000 shares, the days-to-cover ratio is presently 7.3 days. Currently, 20.6% of the company's shares are sold short. View Avaya's Current Options Chain.

Some companies that are related to Avaya include Fabrinet (FN), Infinera (INFN), AudioCodes (AUDC), Telkom SA Ltd ADS (TLKGY), NetGear (NTGR), Plantronics (PLT), ADTRAN (ADTN), Akoustis Technologies (AKTS), DASAN Zhone Solutions (DZSI), Clearfield (CLFD), Franklin Wireless (FKWL), Communications Systems (JCS), Zoom Telephonics (ZMTP), Clearone (CLRO) and AltiGen Communications (ATGN). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Avaya investors own include Alibaba Group (BABA), AT&T (T), Vertex Pharmaceuticals (VRTX), Verizon Communications (VZ), DexCom (DXCM), Enterprise Products Partners (EPD), AbbVie (ABBV), Advanced Micro Devices (AMD), Beyond Meat (BYND) and Cisco Systems (CSCO).

Avaya trades on the New York Stock Exchange (NYSE) under the ticker symbol "AVYA."

Avaya's stock is owned by many different institutional and retail investors. Top institutional investors include AEGON USA Investment Management LLC (0.04%). View institutional ownership trends for Avaya.

AVYA stock was sold by a variety of institutional investors in the last quarter, including AEGON USA Investment Management LLC. View insider buying and selling activity for Avaya.

Shares of AVYA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of AVYA stock can currently be purchased for approximately $11.70.

Avaya has a market capitalization of $968.62 million and generates $2.89 billion in revenue each year. The company earns $-671,000,000.00 in net income (profit) each year or $3.91 on an earnings per share basis. Avaya employs 7,900 workers across the globe.

The official website for Avaya is www.avaya.com.

Avaya's mailing address is 4655 GREAT AMERICA PARKWAY, SANTA CLARA CA, 95054. The company can be reached via phone at 908-953-6000 or via email at [email protected]