Somewhat Positive Media Coverage Somewhat Unlikely to Affect Avaya (AVYA) Share Price
Media coverage about Avaya (NYSE:AVYA) has been trending somewhat positive on Friday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Avaya earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.2017665884985 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern’s rankings:
- Familiar Faces Return and Good Vibes Abound as Chile Friendlies Near (ussoccer.com)
- Last-place San Jose Earthquakes complete unlikely sweep of FC Dallas (espn.com)
- Data Center Equipment Market Growth and Business Opportunities for Manufacturers: Huawei Technologies, Cisco Systems, Nokia, Avaya, Dell (openpr.com)
- Wondolowski helps Quakes snap home losing streak (mercurynews.com)
- Avaya Holdings Corp (AVYA) Given $30.00 Average Price Target by Analysts (americanbankingnews.com)
Separately, Zacks Investment Research cut shares of Avaya from a “buy” rating to a “hold” rating in a report on Wednesday, July 11th.
Avaya (NYSE:AVYA) last released its quarterly earnings results on Thursday, August 9th. The company reported ($0.80) earnings per share for the quarter, missing the consensus estimate of $0.77 by ($1.57). The firm had revenue of $755.00 million during the quarter, compared to the consensus estimate of $754.00 million. Avaya had a return on equity of 4,097.00% and a net margin of 104.03%. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. analysts expect that Avaya will post 2.4 earnings per share for the current fiscal year.
Avaya Company Profile
Avaya Holdings Corp. operates as a holding company which through its subsidiary, develops business collaboration and communications solutions worldwide. The company was formerly known as Sierra Holdings Corp. The company was incorporated in 2007 and is based in Santa Clara, California.
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