| UNITED STATES | |
| SECURITIES AND EXCHANGE COMMISSION | |
| Washington, D.C. 20549 | |
| Notice of Effectiveness | |
| Effectiveness Date: | February 27, 2023 |
| Accession Number: | 0001418100-23-000012 | ||||||
| Submission Type: | POS AM | ||||||
| |||||||
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/29/2022 | Buy → Hold | Craig Hallum | |
| 5/17/2022 | $8.00 → $5.00 | Equal Weight → Underweight | Barclays |
| 5/13/2022 | $26.00 → $6.00 | Outperform → Market Perform | Cowen |
| 5/12/2022 | $1.00 | Buy → Sell | BWS Financial |
| 5/11/2022 | $16.00 → $7.00 | Neutral → Underweight | JP Morgan |
| 2/10/2022 | $40.00 → $22.00 | Buy | BWS Financial |
| 2/10/2022 | $20.00 → $16.00 | Equal-Weight | Barclays |
| 12/15/2021 | $26.00 → $24.00 | Equal-Weight | Morgan Stanley |
Craig Hallum downgraded Avaya Holdings from Buy to Hold
Barclays downgraded Avaya Holdings from Equal Weight to Underweight and set a new price target of $5.00 from $8.00 previously
Cowen downgraded Avaya Holdings from Outperform to Market Perform and set a new price target of $6.00 from $26.00 previously
Secures Approximately $780 Million in Committed Financing; New Capital Will Accelerate Investment in Avaya's Leading Cloud Communications Portfolio Enters Agreement to Eliminate More Than 75% of Debt and Substantially Increase Cash and Liquidity Initiates Expedited, Prepackaged Financial Restructuring via Chapter 11 with Overwhelming Support of Financial Stakeholders Expects to Complete Process in 60 to 90 Days; Paying Vendors and Suppliers in Full and Paying Employees as Usual Extends and Expands Strategic Partnership with RingCentral to Build on Success of Avaya Cloud Office® by RingCentral Avaya Holdings Corp. (NYSE:AVYA) ("Avaya" or the "Company"), a global leader in solutions to e
Avaya (NYSE:AVYA), a global leader in solutions to enhance and simplify communications and collaboration, today announced it has been named as a Leader in the inaugural report: The Aragon Research Globe™ for Conversational AI in the Intelligent Contact Center (ICC) 2023 by Aragon Research, Inc. According to the report1, authored by Craig Kennedy, Sr. Director of Research at Aragon Research, the Avaya solution offers a "fully integrated technology stack including Unified Communication (UC), Contact Center (CC), and Workstream Collaboration (WSC), all extensible through Avaya Communications APIs and application library." The report also indicates Avaya's conversational AI solution is designe
Avaya Holdings Corp. (NYSE:AVYA) ("Avaya" or "the Company"), a global leader in solutions to enhance and simplify communications and collaboration, today announced that on December 29, 2022, it received notice from the New York Stock Exchange ("NYSE") indicating that the Company is no longer in compliance with the NYSE's continued listing standards because the average closing price of the Company's common stock was less than $1.00 over a consecutive 30 trading-day period. The notice does not result in the immediate delisting of the Company's common stock from the NYSE. The Company intends to notify the NYSE of its intent to cure the stock price deficiency and return to compliance with the
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10-K - Avaya Holdings Corp. (0001418100) (Filer)
10-Q - Avaya Holdings Corp. (0001418100) (Filer)
EFFECT - Avaya Holdings Corp. (0001418100) (Filer)
Avaya also announced today that it has extended and expanded its global, strategic partnership with RingCentral, Inc., which was formed in 2019 to introduce and launch Avaya Cloud Office® by RingCentral ("Avaya Cloud Office"). Avaya will continue to act as the exclusive sales agent for direct and partner sales of Avaya Cloud Office, Avaya's exclusive multi-tenanted cloud PBX solution, in the geographies where it is available. The partnership has also expanded to include additional go-to-market constructs that enable Avaya to sell Avaya Cloud Office to its installed base on a direct basis. In addition, Avaya will be compensated in cash as Avaya Cloud Office seats are sold and, in connection
Secures Approximately $780 Million in Committed Financing; New Capital Will Accelerate Investment in Avaya's Leading Cloud Communications Portfolio Enters Agreement to Eliminate More Than 75% of Debt and Substantially Increase Cash and Liquidity Initiates Expedited, Prepackaged Financial Restructuring via Chapter 11 with Overwhelming Support of Financial Stakeholders Expects to Complete Process in 60 to 90 Days; Paying Vendors and Suppliers in Full and Paying Employees as Usual Extends and Expands Strategic Partnership with RingCentral to Build on Success of Avaya Cloud Office® by RingCentral Avaya Holdings Corp. (NYSE:AVYA) ("Avaya" or the "Company"), a global leader in solutions to en
Avaya Holdings Corp. (NYSE:AVYA) ("Avaya" or "the Company") today reported selected additional preliminary financial results for the third quarter of fiscal 2022 ended June 30, 2022. All financial results for the third quarter ended June 30, 2022 and related comparisons to prior periods included in this release are preliminary, have not been reviewed or audited, are based on the Company's estimates and were prepared prior to the completion of the Company's financial statement close process. Preliminary Third Quarter Financial Results Highlights Revenues of $577 million, down 20% year over year in constant currency OneCloud ARR (Annualized Recurring Revenue) was approximately $838 milli
Avaya Holdings Corp. (NYSE:AVYA) today announced certain preliminary financial results for the third quarter ended June 30, 2022 and expects to release full results for the third quarter on August 9, 2022. Based on the information currently available for the third quarter ended June 30, 2022, the company expects revenue to be between $575 million and $580 million, compared to guidance of $685 million to $700 million, and Adjusted EBITDA to be between $50 million and $55 million, compared to guidance of $140 million to $150 million.1 The company is also finalizing testing of its goodwill and intangible assets that is expected to result in significant non-cash impairment charges as of June 3
Total revenue was $716 million Avaya OneCloud™ ARR increased 118% year over year to $750 million Avaya OneCloud™ ARR increased $130 million sequentially, a record quarterly contribution Signed ~100 deals with TCV greater than $1 million for the 8th consecutive quarter Avaya Holdings Corp. (NYSE:AVYA) today reported financial results for the second quarter of fiscal 2022 ended March 31, 2022. Second Quarter Financial Highlights Revenues of $716 million, down 2% year over year in constant currency OneCloud ARR (Annualized Recurring Revenue) was $750 million, up 21% sequentially and 118% from a year ago CAPS (Cloud, Alliance Partner and Subscription) was 54% of revenue, up from 40%
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Industry Veteran Brings Over 30 Years of Software and Cloud-Based Business Experience to Lead Avaya's Business Model Transformation Avaya Holdings Corp. (NYSE:AVYA) today announced that Alan Masarek has been appointed as its President and CEO and as a member of Avaya's Board of Directors, effective August 1, 2022. Mr. Masarek will succeed Jim Chirico, who will be removed from his positions as President and CEO of Avaya, effective August 1, 2022, and is resigning as a member of Avaya's Board. Mr. Chirico will remain employed with Avaya through August 16, 2022 and will work with Mr. Masarek to ensure a smooth transition for all stakeholders. Mr. Masarek is an industry innovator with deep do
RALEIGH-DURHAM, N.C.--(BUSINESS WIRE)--Avaya (NYSE:AVYA), a global leader in solutions to enhance and simplify communications and collaboration, has appointed Kathleen Sullivan as Vice President to lead a newly created Commercial Segment team in North America. Sullivan is responsible for delivering cloud-focused resources for SMB, Midmarket and Enterprise customers and the partners that serve them, to further enable this large segment of new and existing customers to realize the benefits of Avaya OneCloud experience platform solutions. “As Avaya accelerates its transformation as a cloud and SaaS leader, we continue to evolve our team, and the Commercial Segment group is guiding b
RALEIGH-DURHAM, N.C.--(BUSINESS WIRE)--Avaya (NYSE: AVYA), a global leader in solutions to enhance and simplify communications and collaboration, today announced a strategic addition to its executive team focused on ensuring optimal business outcomes for its customers, as Tony Alfano joins the company in the newly created role of Senior Vice President, Global Services. Reporting to EVP and Chief Revenue Officer Stephen Spears, Alfano is responsible for selling and delivering services to accelerate customer success, provide a seamless experience for Avaya’s global customer base to consume new and innovative service offerings, and enhance the company’s service capabilities to addre