AVYA - Avaya Holdings: Garnering More Attention But Record High Valuations Shouldn't Be Ignored
- AVYA recently scaled up its FY21 revenue, EBITDA, and cash flow guidance.
- AVYA’s ability to win more contracts and contracts of higher value have gone up.
- Some valuation re-rating is acceptable given the development of the “remote work” theme, but the current steep forward P/E premium valuation is a concern.
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Avaya Holdings: Garnering More Attention, But Record High Valuations Shouldn't Be Ignored