|Bid||0.6520 x 1000|
|Ask||0.6600 x 2200|
|Day's Range||0.6414 - 0.7001|
|52 Week Range||0.5960 - 22.4700|
|Beta (5Y Monthly)||1.42|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 09, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.19|
Subscribe to Yahoo Finance Plus to view Fair Value for AVYA
(Bloomberg) -- A group of Avaya Holdings Corp. debt holders told the company’s loan agent that they intend to call a default on the telecommunications company if it fails to file its quarterly results by the end of a grace period. Most Read from BloombergMusk Sells Another $6.9 Billion of Tesla Ahead of Twitter TrialDozens in China Infected With New ‘Langya’ Virus Carried by ShrewsMedia Counts Differ With 11 Million Votes Collated: Kenya UpdateUS Inflation Runs Cooler Than Forecast, Easing Press
Welcome to Avaya's call to discuss certain preliminary fiscal 2022 third quarter financial results. Alan Masarek, Avaya's president and CEO; and Kieran McGrath, executive vice president and CFO, will lead this video conference and share with you some prepared remarks. Also during this call, we will be making certain forward-looking statements, including statements concerning our future prospects; financial results; liquidity; cost-cutting initiatives; internal controls; ongoing investigations by our Audit Committee; our strategies, investments; industry trends; and our ability to successfully respond to business risks, including those related to the spread of COVID-19, inflation and increased raw materials costs and other supply chain issues.
A technology firm in Durham that's saddled with debt is planning aggressive action to cut expenses, meaning layoffs are likely, after reporting an operating loss of $1.4 billion.