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.

Analysts Set New Price Targets

Several research analysts recently weighed in on AVYA shares. Cowen cut shares of Avaya from an "outperform" rating to a "market perform" rating and decreased their price objective for the stock from $26.00 to $6.00 in a research report on Friday, May 13th. Barclays cut shares of Avaya from an "equal weight" rating to an "underweight" rating and reduced their price target for the company from $8.00 to $5.00 in a research report on Tuesday, May 17th. The Goldman Sachs Group dropped their price objective on Avaya from $8.00 to $3.00 and set a "buy" rating for the company in a research note on Wednesday, August 3rd. JPMorgan Chase & Co. lowered Avaya from a "neutral" rating to an "underweight" rating and dropped their price target for the stock from $16.00 to $7.00 in a research note on Wednesday, May 11th. Finally, Cowen lowered 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. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $12.70.

Avaya Trading Up 1.5 %

Shares of NYSE:AVYA opened at $0.68 on Friday. The stock has a market capitalization of $58.37 million, a price-to-earnings ratio of -0.04 and a beta of 1.37. The company has a debt-to-equity ratio of 6.54, a quick ratio of 1.61 and a current ratio of 1.66. The stock's 50-day simple moving average is $2.62 and its two-hundred day simple moving average is $8.44. Avaya has a 52-week low of $0.60 and a 52-week high of $22.47.

Avaya (NYSE:AVYA - Get Rating) last posted its quarterly earnings data on Tuesday, August 9th. The company reported ($0.24) earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.29). Avaya had a negative net margin of 53.11% and a positive return on equity of 32.42%. The company had revenue of $577.00 million for the quarter, compared to analysts' expectations of $575.88 million. During the same period in the previous year, the firm earned $0.43 earnings per share. The firm's quarterly revenue was down 21.2% on a year-over-year basis. Analysts expect that Avaya will post 0.25 EPS for the current year.