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AVYA

Avaya

$12.26

0.09 (0.74%)

11:10
05/31/19
05/31
11:10
05/31/19
11:10

Avya attracts a defensive option play with shares moving off 52-week lows

Avya attracts a defensive option play with shares moving off 52-week lows. The stock has erased earlier losses and is up 8c to $12.25. 15K Aug 10 - 17.5 risk-reversals trade 60c. It appears that calls sold, puts bought, against 550K shares for $12.20. This new position expresses the view that shares could see continued volatility through the summer months and the next earnings cycle in early-August. The stock dropped 16.3% to $15.37 on 5/9 after the last report and is set to finish the month of May with a 36% loss.

AVYA Avaya
$12.26

0.09 (0.74%)

03/11/19
GUGG
03/11/19
INITIATION
Target $22
GUGG
Buy
Avaya initiated with a Buy at Guggenheim
Guggenheim analyst Nandan Amladi started Avaya with a Buy rating and $22 price target. As a newly public company post-bankruptcy, Avaya has emerged with a "much stronger focus" on recurring revenue and an "aggressive" cloud roadmap targeting 25% of total revenue by fiscal 2021, from about 12% today, Amladi tells investors in a research note. He cites the company's combination of a "credible strategic pivot" and an "attractive valuation" for his Buy rating.
03/27/19
BWSF
03/27/19
NO CHANGE
Target $32
BWSF
Strong Buy
Avaya back on investor radars after buyout report, says BWS Financial
A report from Reuters about Avaya (AVYA) possibly being acquired by private equity has put the stock back on investors' radars, BWS Financial analyst Hamed Khorsand tells investors in a research note. He believes the "misunderstanding" of the company's business had "created a significant value gap." The analyst notes, however, that the news report suggests a takeover bid of $20, which is well below his price target of $32. The delta between the reported takeout price and the $32 target is predominately set on how much debt private equity would be willing to put back on Avaya's balance sheet, Khorsand contends. The analyst continues to believe there is "considerable possibility" of Avaya purchasing technology to fill-in its cloud offering. However, that should not prevent a going private bid, says Khorsand. He has a Buy rating on Avaya.
04/09/19
BWSF
04/09/19
NO CHANGE
Target $32
BWSF
Buy
Avaya could fetch up to $25 from PE buyer, says BWS Financial
Additional news reports about Avaya (AVYA) possibly going private since an initial Reuters report build some credibility about the news, said BWS Financial analyst Hamed Khorsand, who believes Avaya could fetch as much as $25 from a private equity buyer using fiscal 2019 estimates and could be worth as much $30 assuming no improvement in the business for fiscal 2020. He thinks greater synergies could be extracted by a strategic buyer and continues to believe Microsoft (MSFT) would be the best fit as an acquirer. Khorsand keeps a Buy rating and $32 price target on Avaya shares.
05/10/19
BWSF
05/10/19
NO CHANGE
Target $22
BWSF
Buy
Avaya price target lowered to $22 from $32 at BWS Financial
BWS Financial analyst Hamed Khorsand lowered his price target for Avaya to $22 from $32 saying the company has an "up-hill challenge of regaining investor confidence" following the weaker than expected fiscal Q2 results. Avaya claimed Reuters' story of the company being approached by a third party caused some customers to hold off on hardware and software licenses at the very end of the quarter. Khorsand, however, said he has "never seen this kind of excuse used before and find it difficult to believe." Nonetheless, given the stock's discount to his new price target, the analyst keeps a Buy rating on Avaya.

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PK

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$79.64

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KRYS

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$41.15

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Syndicate
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GNFT

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$20.19

-0.02 (-0.10%)

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CHWY

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$31.52

-0.64 (-1.99%)

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$10.00

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GNFT

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EHC

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TBNK

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ARQL

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$10.00

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