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Fly News Breaks for November 21, 2019
AVYA
Nov 21, 2019 | 08:06 EDT
Guggenheim analyst Nandan Amladi blamed Avaya's headline miss in Q4 results compared to expectations on a large deal having slipped and thinks the FY20 guidance is "a tad below consensus" due to foreign exchange headwind. However, Amladi contends that business appears to be stabilizing and the transformation program is on track, saying that the quarter included "good first steps." Amladi maintains a Buy rating and $20 price target on Avaya shares.
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