AVYA - Avaya Holdings: Valuation Is Appealing Medium-Term Growth Is Questionable
In the past, a cloud communications-focused SaaS company with more than 100,000 customers around the globe, Avaya Holdings Corp. (AVYA) made a few wrong business decisions that ultimately led it to the inability to service gargantuan debt which precipitated its bankruptcy in 2017. Since then, the company embarked on a new path towards full recuperation and set ambitious financial goals.
AVYA's share price is well off multi-year lows touched in April, especially thanks to an announcement of the global expansion of Avaya Cloud Office, the product unveiled in February 2020, that it has been