Barclays Remains a Hold on Avaya Holdings Corp (AVYA)
In a report released yesterday, Raimo Lenschow from Barclays maintained a Hold rating on Avaya Holdings Corp (AVYA), with a price target of $20. The company’s shares closed yesterday at $16.77.
According to TipRanks.com, Lenschow is a top 25 analyst with an average return of 18.3% and a 74.9% success rate. Lenschow covers the Technology sector, focusing on stocks such as Ceridian HCM Holding Inc, SolarWinds Corporation, and Cornerstone Ondemand.
Currently, the analyst consensus on Avaya Holdings Corp is a Hold with an average price target of $20.
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Based on Avaya Holdings Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $692 million and GAAP net loss of $88 million. In comparison, last year the company earned revenue of $790 million and had a net profit of $27 million.
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Avaya Holdings Corp. is a global business communications company, which engages in the provision of business collaboration and communication solutions. It operates through the Global Communications Solutions (GCS) and Avaya Global Services (AGS) segments. The GCS segment develops, markets, and sells contact center and unified communications products.