Why Shares of Avaya Holdings Jumped Today

Why Shares of Avaya Holdings Jumped Today

Shares of Avaya Holdings (NYSE: AVYA) surged on Monday after the communications software company reported its fiscal third-quarter results. Avaya beat analyst expectations for revenue and provided guidance that was ahead of estimates. Avaya reported third-quarter revenue of $721 million, up 0.6% year over year and nearly $34 million higher than the average analyst estimate.