Avaya: Heading Into A Catalyst-Rich FY20
Avaya: Heading Into A Catalyst-Rich FY20 3The Avaya recovery continues with a beat-and-raise quarter in 1Q20. Updated guidance implies a top-line ramp in the back half of the fiscal year. Plenty of catalysts ahead as the ACO opportunity and the remaining ~$368m planned buyback kicks in. Valuations appear undemanding on a cash-adjusted basis. Avaya’s (AVYA) fortunes could be set to …
News story posted on 2020-02-24T17:09:00.0000000Z