Avaya (NYSE:AVYA) Issues Quarterly Earnings Results

Avaya (NYSE:AVYA) issued its quarterly earnings results on Sunday. The company reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.05, MarketWatch Earnings reports. Avaya had a return on equity of 101.31% and a net margin of 0.61%. The firm had revenue of $760.00 million during the quarter, compared to the consensus estimate of $738.70 million. During the same period last year, the company earned $1.20 earnings per share. The company’s revenue for the quarter was up .7% on a year-over-year basis.

AVYA stock opened at $20.89 on Wednesday. The firm has a market cap of $1.76 billion, a PE ratio of 348.17 and a beta of 1.49. The business’s 50-day moving average price is $19.65 and its two-hundred day moving average price is $22.92. Avaya has a 1-year low of $17.11 and a 1-year high of $34.06. The company has a current ratio of 1.43, a quick ratio of 1.38 and a debt-to-equity ratio of 8.43.

A hedge fund recently raised its stake in Avaya stock. LPL Financial LLC grew its position in Avaya Holdings Corp. (NYSE:AVYA) by 4.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,640 shares of the company’s stock after purchasing an additional 671 shares during the quarter. LPL Financial LLC’s holdings in Avaya were worth $290,000 as of its most recent SEC filing.

A number of analysts recently commented on the company. Citigroup lifted their price objective on Avaya from $24.00 to $25.00 and gave the stock a “neutral” rating in a research report on Tuesday. JPMorgan Chase & Co. lowered Avaya from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $32.00 to $23.00 in a research report on Monday, October 18th. Barclays lowered Avaya from an “overweight” rating to an “equal weight” rating and set a $20.00 target price on the stock. in a research report on Wednesday, October 20th. Zacks Investment Research downgraded Avaya from a “hold” rating to a “sell” rating in a research note on Thursday, October 21st. Finally, Colliers Securities reissued a “buy” rating and issued a $35.00 price target on shares of Avaya in a research note on Wednesday, September 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $27.91.

About Avaya

Avaya Holdings Corp. is a global business communications company, which engages in the provision of business collaboration and communication solutions. It operates through the following segments: Products & Solutions and Services. The Products and Solutions segment includes unified communications and contact center platforms, applications and devices.

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Earnings History for Avaya (NYSE:AVYA)

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