Avaya Holdings Corp. (NYSE:AVYA) is reporting fourth quarter financial results on Wednesday 18th November 2020, before market open.
According to analysts surveyed by Thomson Reuters, AVYA is expected to report 4Q20 income of $ 1.20 per share from revenue of $ 733.55 million.
For the full year, analysts anticipate top line of $ 2855.03 million, while looking forward to income of $ 3.56 per share bottom line.
The Company Outlook
Revenue for 4Q20 are expected in a range of $ 720.00 million ~ $ 740.00 million
Full Year 2020 topline are forecasted in a range of$ 2,840.00 million ~ $ 2,860.00 million
Click Here For More Historical Outlooks Of Avaya Holdings Corp.
Previous Quarter Performance
Avaya Holdings Corp. communicated income for the third quarter of $ 0.61 per share, from the revenue of $ 721.00 million. The quarterly earnings dropped 46.02 percent compared with the same quarter last year. Street analysts expected Avaya Holdings Corp. to report income of $ 0.79 per share on revenue of $ 686.74 million for the third quarter. The bottom line results missed street analysts by $ 0.18 or 22.78 percent, at the same time, top line results outshined analysts by $ 34.26 million or 4.99 percent.
Stock Performance
Shares of Avaya Holdings Corp. traded up $ 0.70 or 3.73 percent on Tuesday, reaching $ 19.49 with volume of 2.41 million shares. Avaya Holdings Corp. has traded high as $ 19.58 and has cracked $ 18.76 on the downward trend
According to the previous trading day, closing price of $ 19.49, representing a 206.53 % increase from the 52 week low of $ 6.13 and a 4.62 % decrease over the 52 week high of $ 19.70.
The company has a market capital of $ 1.62 billion and is part of the Industrials sector and Business Services industry.
Recent Analyst recommendations
- On 9th October 2020, maintained by Barclays at Overweight rating, with $ 21.00 target price.
Conference Call
Avaya Holdings Corp. will be hosting a conference call at 8:30 AM eastern time on 18th November 2020, to discuss its 4Q20 financial results with the investment community. The participants may dial, +1-877-858-7671 or +1-201-389-0939 (International) in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website investors.avaya.com/home/default.aspx
Avaya Holdings Corp., through its subsidiaries, provides digital communications products, solutions, and services for businesses worldwide. The company operates through two segments, Products & Solutions, and Services. The Products & Solutions segment offers unified communications and contact center platforms, applications, and devices.
