Northland Securities analyst Michael Latimore maintained a Buy rating on Avaya Holdings (AVYA) today and set a price target of $17.00. The company’s shares closed last Monday at $15.14, close to its 52-week high of $16.47.
According to TipRanks.com, Latimore is a 5-star analyst with an average return of 19.3% and a 57.7% success rate. Latimore covers the Technology sector, focusing on stocks such as Comtech Telecommunications, Synchronoss Technologies, and Ribbon Communications.
Avaya Holdings has an analyst consensus of Strong Buy, with a price target consensus of $15.83.
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Based on Avaya Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $682 million and GAAP net loss of $672 million. In comparison, last year the company earned revenue of $709 million and had a GAAP net loss of $13 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 following segments: Products and Solutions and Services. The Products and Solutions segment includes unified communications and contact center platforms, applications and devices. The Services segment consists of three business areas which are Global Support Services, Enterprise Cloud and Managed Services and Professional Services. The company was founded in June 1, 2007 and is headquartered in Santa Clara, CA.
