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Avaya Holdings Corp (AVYA.N)

AVYA.N on New York Stock Exchange

12.12USD
17 Jun 2019
Change (% chg)

$-0.07 (-0.57%)
Prev Close
$12.19
Open
$12.20
Day's High
$12.35
Day's Low
$12.05
Volume
254,347
Avg. Vol
377,888
52-wk High
$23.40
52-wk Low
$11.80

Latest Key Developments (Source: Significant Developments)

Avaya Holdings Reports Q2 Loss Per Share Of $0.12
Thursday, 9 May 2019 

May 9 (Reuters) - Avaya Holdings Corp ::AVAYA REPORTS SECOND QUARTER FISCAL 2019 FINANCIAL RESULTS.Q2 REVENUE $714 MILLION VERSUS REFINITIV IBES ESTIMATE OF $748.8 MILLION.ENGAGED J.P. MORGAN TO EVALUATE STRATEGIC ALTERNATIVES TO MAXIMIZE SHAREHOLDER VALUE.SEES Q3 GAAP REVENUE OF $707-$722 MILLION; NON-GAAP REVENUE OF $710-$725 MILLION.SEES 2019 GAAP REVENUE OF $2.900-$2.950 BILLION; NON-GAAP REVENUE OF $2.925-$2.975 BILLION.SEES Q3 ADJUSTED EBITDA OF $160-$170 MILLION.SEES 2019 ADJUSTED EBITDA OF $700-$730 MILLION.SEES RESTRUCTURING EXPENSE FOR FISCAL YEAR 2019 ARE EXPECTED TO BE $50-$55 MILLION.QTRLY LOSS PER SHARE $0.12.Q2 EARNINGS PER SHARE VIEW $0.75, REVENUE VIEW $748.8 MILLION -- REFINITIV IBES DATA.Q3 REVENUE VIEW $772.0 MILLION -- REFINITIV IBES DATA.FY2019 REVENUE VIEW $3.07 BILLION -- REFINITIV IBES DATA.  Full Article

Mitel Offers To Combine With Avaya In Stock Deal Worth More Than $2 Bln - WSJ
Thursday, 25 Apr 2019 

April 25 (Reuters) - :MITEL OFFERS TO COMBINE WITH AVAYA IN STOCK DEAL WORTH MORE THAN $2 BILLION - WSJ.CLOSELY HELD MITEL IS OFFERING ABOUT $20 TO $22 A SHARE FOR AVAYA - WSJ.  Full Article

Avaya Holdings Q1 2019 Net Income Per Share $0.08
Monday, 11 Feb 2019 

Feb 11 (Reuters) - Avaya Holdings Corp ::AVAYA HOLDINGS CORP - Q1 2019 NET INCOME PER SHARE $0.08 - SEC FILING.  Full Article

Avaya Announces Chief Financial Officer Transition
Monday, 11 Feb 2019 

Feb 11 (Reuters) - Avaya Holdings Corp ::AVAYA ANNOUNCES CHIEF FINANCIAL OFFICER TRANSITION.AVAYA HOLDINGS CORP - KIERAN MCGRATH WILL ASSUME ROLE OF SENIOR VICE PRESIDENT AND CFO OF AVAYA EFFECTIVE FEBRUARY 15, 2019.AVAYA HOLDINGS CORP - PAT O'MALLEY WILL TRANSITION TO SERVE AS SENIOR VICE PRESIDENT, GROWTH INITIATIVES.AVAYA HOLDINGS CORP - KIERAN MCGRATH MOST RECENTLY SERVED AS CFO AT CA TECHNOLOGIES.AVAYA HOLDINGS CORP - LAURENT PHILONENKO, SENIOR VICE PRESIDENT, INNOVATION, WILL BE DEPARTING COMPANY THIS MONTH.  Full Article

Avaya Reports First Quarter Fiscal 2019 Results
Monday, 11 Feb 2019 

Feb 11 (Reuters) - Avaya Holdings Corp ::AVAYA REPORTS FIRST QUARTER FISCAL 2019 FINANCIAL RESULTS.QTRLY GAAP REVENUE WAS $738 MILLION, $3 MILLION HIGHER THAN Q4 OF FISCAL 2018.SEES Q2 GAAP REVENUE OF $730-$760 MILLION; NON-GAAP REVENUE OF $740-$765 MILLION.SEES Q2 GAAP OPERATING MARGIN OF 5.5-8.0% OF REVENUE; NON-GAAP OPERATING MARGIN OF 21.5-22.5%.SEES Q2 ADJUSTED EBITDA OF $178-$191 MILLION.SEES FISCAL 2019 UNDER ASC 606, GAAP REVENUE OF $3.01-$3.12 BILLION.QTRLY GAAP NET INCOME WAS $9 MILLION, COMPARED TO $268 MILLION FOR Q4 OF FISCAL 2018, AND $3,214 MILLION FOR COMBINED Q1 OF FISCAL 2018.FINANCIAL OUTLOOK FOR Q2 REFLECTS ADOPTION OF ASC 606.SEES FISCAL 2019 UNDER ASC 606 NON-GAAP REVENUE OF $3.05-$3.15 BILLION.FY2019 REVENUE VIEW $3.08 BILLION -- REFINITIV IBES DATA.Q2 EARNINGS PER SHARE VIEW $0.83, REVENUE VIEW $761.1 MILLION -- REFINITIV IBES DATA.SEES FISCAL 2019 UNDER ASC 606, ADJUSTED EBITDA $763-$819 MILLION.Q1 REVENUE VIEW $765.1 MILLION -- REFINITIV IBES DATA.  Full Article

Avaya Q1 Revenue $752 Million
Thursday, 1 Mar 2018 

March 1 (Reuters) - Avaya Holdings Corp ::AVAYA REPORTS FIRST QUARTER FISCAL 2018 FINANCIAL RESULTS.Q1 REVENUE $752 MILLION.SEES Q2 2018 NON-GAAP EARNINGS PER SHARE $0.80 TO $0.90.SEES Q2 2018 NON-GAAP REVENUE $750 MILLION TO $770 MILLION.SEES 2018 REVENUE OF $2,775-$2,900 MILLION.SEES Q2 2018 LOSS PER SHARE $1.35 TO $1.55.SEES 2018 NON-GAAP REVENUE OF $3,000-$3,100 MILLION.SEES 2018 GAAP OPERATING LOSS OF 4-6% OF REVENUE.SEES FISCAL 2018 GAAP NET INCOME $2,850-$2,950 MILLION.SEES 2018 NON-GAAP OPERATING MARGIN OF 21-22% OF NON-GAAP REVENUE.SEES 2018 GAAP NET INCOME $2,850-$2,950 MILLION.SEES 2018 CAPITAL EXPENDITURES OF $60-$75 MILLION.SEES 2018 ADJUSTED EBITDA OF $750-$800 MILLION.  Full Article

Avaya Acquires Spoken Communications
Wednesday, 31 Jan 2018 

Jan 31 (Reuters) - Avaya Holdings Corp ::AVAYA ACQUIRES SPOKEN COMMUNICATIONS, A LEADING CONTACT CENTER AS A SERVICE PROVIDER.AVAYA ACQUIRES SPOKEN COMMUNICATIONS, A LEADING CONTACT CENTER AS A SERVICE PROVIDER.AVAYA HOLDINGS CORP - TRANSACTION, WILL BE FUNDED BY CASH ON HAND​.AVAYA HOLDINGS CORP - ‍UPON COMPLETION OF TRANSACTION, MERCER ROWE WILL LEAD COMBINED SPOKEN AND AVAYA CLOUD TEAMS​.  Full Article

Avaya Announces Preliminary Revenue For Q1 2018
Thursday, 25 Jan 2018 

Jan 25 (Reuters) - Avaya Holdings Corp ::AVAYA ANNOUNCES PRELIMINARY REVENUE FOR THE FIRST QUARTER OF FISCAL 2018.AVAYA HOLDINGS CORP - PRELIMINARY GAAP REVENUE FOR Q1 OF FISCAL 2018 IS EXPECTED TO BE IN RANGE OF $600 MILLION TO $604 MILLION.AVAYA HOLDINGS CORP - PRELIMINARY NON-GAAP REVENUE FOR QUARTER ENDED DEC 31, 2017 IS EXPECTED IN RANGE OF $769 MILLION TO $779 MILLION.  Full Article

Avaya Completes Financial Restructuring
Friday, 15 Dec 2017 

Dec 15 (Reuters) - Avaya Holdings Corp ::AVAYA SUCCESSFULLY COMPLETES FINANCIAL RESTRUCTURING AND EMERGES FROM CHAPTER 11.AVAYA HOLDINGS CORP SAYS IS TAKING STEPS NECESSARY TO LIST ON NEW YORK STOCK EXCHANGE.AVAYA HOLDINGS CORP - EXPECTS TO HAVE APPROXIMATELY 110 MILLION SHARES OUTSTANDING UPON EMERGENCE FROM CHAPTER 11.AVAYA HOLDINGS - REDUCED PRIOR DEBT LOAD BY ABOUT $3 BILLION, EXITS WITH MORE THAN $300 MILLION IN CASH ON ITS BALANCE SHEET.  Full Article

Avaya Announces Court Approval Of Restructuring Plan
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - Avaya Holdings Corp ::‍AVAYA ANNOUNCES COURT APPROVAL OF RESTRUCTURING PLAN​.AVAYA HOLDINGS CORP - ‍UNITED STATES BANKRUPTCY COURT FOR SOUTHERN DISTRICT OF NEW YORK CONFIRMED SECOND AMENDED CHAPTER 11 PLAN OF REORGANIZATION​.AVAYA HOLDINGS CORP - ‍EXPECTS TO EMERGE FROM ITS RESTRUCTURING PROCESS IN 2017​.AVAYA HOLDINGS - ‍PROJECTS TO HAVE ABOUT $2.925 BILLION OF FUNDED DEBT UPON EMERGENCE FROM CHAPTER 11 PROTECTION​.AVAYA HOLDINGS CORP-‍REVISED CAPITAL STRUCTURE IS EXPECTED TO RESULT IN MORE THAN $200 MILLION IN ANNUAL CASH INTEREST SAVINGS COMPARED TO FISCAL YEAR 2016​.AVAYA HOLDINGS - ‍PROJECTS TO HAVE $300 MILLION SENIOR SECURED ASSET-BASED LENDING FACILITY AVAILABLE UPON EMERGENCE FROM CHAPTER 11 PROTECTION​.  Full Article

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Exclusive: Telecom equipment provider Avaya considers leveraged buyout - sources

Telecommunications equipment and software vendor Avaya Holdings Corp is considering a leveraged buyout offer from a private equity firm that values it at more than $5 billion (3.8 billion pounds), including debt, people familiar with the matter said on Sunday.