| Over a week ago | ||||
Semafone announced a… Semafone announced a global reseller partnership with Avaya. This agreement brings Semafone into the Avaya ecosystem of alliances, with the goal of helping contact center customers solve the security and compliance challenges faced as they embrace a work from anywhere model. Additionally, with many industries moving to remote working models, the need for increased security is at an all-time high. | ||||
| Over a month ago | ||||
TMT Analysts Harrington… TMT Analysts Harrington and Martos hold a conference call with EVP & Chief Product Officer Bartolo and VP & Head of Investor Relations McCarthy on March 15 at 12 pm hosted by Cantor Fitzgerald. | ||||
TMT Analysts Harrington… TMT Analysts Harrington and Martos hold a conference call with EVP & Chief Product Officer Bartolo and VP & Head of Investor Relations McCarthy on March 15 at 12 pm hosted by Cantor Fitzgerald. | ||||
BWS Financial analyst… BWS Financial analyst Hamed Khorsand raised the firm's price target on Avaya to $40 from $22 and keeps a Buy rating on the shares, stating after the company's earnings report that conversion to the cloud is providing "momentum in growing revenue and beating estimates." The Q1 results were better than he was expecting and Avya's guidance prompts him to "slightly raise" his full year numbers, Khorsand tells investors. | ||||
Cowen analyst Lance… Cowen analyst Lance Vitanza raised the firm's price target on Avaya to $40 from $26 and keeps an Outperform rating on the shares. The analyst said the new look company is firing on all cylinders with sustained top line growth, step change increases in cloud and recurring metrics, and meaningfully positive adjusted earnings. | ||||
Northland analyst Michael… Northland analyst Michael Latimore downgraded Avaya to Market Perform from Outperform with a price target of $30, up from $20. Avaya posted "a strong quarter" against a "very health contact center back drop" that COVID-19 has accelerated, but Latimore has concerns about valuation and what he sees as "relatively tough" comps in the second half, the analyst tells investors in a research note. | |
JPMorgan analyst Samik… JPMorgan analyst Samik Chatterjee raised the firm's price target on Avaya to $32 from $27 and keeps an Overweight rating on the shares. The company's fiscal Q1 results and Q2 guide were well-above expectation, showcasing portfolio momentum even as COVID-led tailwinds moderate, which will reassure investors on the traction of the product portfolio with customers, Chatterjee tells investors in a research note. | |
Barclays analyst Raimo… Barclays analyst Raimo Lenschow raised the firm's price target on Avaya to $35 from $27 and keeps an Overweight rating on the shares. The company a delivered another quarter of better than expected numbers with Q2 guidance also coming in ahead of consensus, Lenschow tells investors in a research note. The analyst believes the improving momentum in Avaya's growth lines "should be rewarded." | |
Sees FY21 revenue… Sees FY21 revenue $2.90B-$2.94B, consensus $2.91B. Sees CAPS revenue growth ~$300M which will represent between 35%-40% of Avaya's total revenue in FY21. OneCloud ARR expected to be $415M-$425M by year end FY21; GAAP operating income of $151M-$191M; GAAP operating margin 5%-7%; Non-GAAP operating income $578M-$618M; non-GAAP operating margin 20%-21%; Adjusted EBITDA of $680M-$720M; Adjusted EBITDA margin 23%-24%; Cash flow from operations of 3%-4% of revenue. | |
Sees Q2 revenue… Sees Q2 revenue $710M-$725M, consensus $705.21M. Sees Q2 GAAP operating income $35M-$50M; GAAP operating margin 5%-7%; non-GAAP operating income $135M-$150M; non-GAAP operating margin 19%-21%; and adjusted EBITDA $160M-$175M; Adjusted EBITDA margin 23%-24%. |