AVYA - Avaya sinks 39% on report it hired law firm following earnings miss
- Avaya Holdings ( NYSE: AVYA ) plunged 39% after a report that the company hired a law firm to advise on its options after a recent earnings miss . The company earlier said it determined that there is substantial doubt about its ability to continue as a going concern.
- Avaya hired law firm Kirkland & Ellis to advise on its options, according to a WSJ report, which cited people familiar.
- Avaya ( AVYA ) shares plummeted 57% on July 29 on disappointing Q3 preliminary results.
- Avaya ( AVYA ) short interest is 18%.
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Avaya sinks 39% on report it hired law firm following earnings miss