NASDAQ:AVID - Avid Technology Stock Price, News, & Analysis

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$6.98 +0.45 (+6.89 %)
(As of 03/19/2019 04:00 PM ET)
Previous Close$6.53
Today's Range$6.51 - $7.15
52-Week Range$4.26 - $7.15
Volume732,509 shs
Average Volume217,615 shs
Market Capitalization$292.13 million
P/E Ratio58.17
Dividend YieldN/A
Beta1.79
Avid Technology, Inc. develops, markets, sells, and supports software, hardware, and integrated solutions for video and audio content creation, management, and distribution worldwide. The company's video products and solutions include the Media Composer product line that is used to edit film, television programming, news broadcasts, commercials, and other video content; Avid shared storage systems and Avid Interplay asset management solutions, which provide complete network, storage, and database solutions to enable users to simultaneously share and manage media assets throughout a project or organization. Its audio products and solutions include Pro Tools digital audio software and workstation solutions to facilitate the audio production process, including music and sound creation, recording, editing, signal processing, integrated surround mixing and mastering, and reference video playback; and a range of complementary control surfaces and consoles, including the System 5 and System 6 modular consoles, as well as the VENUE live-sound systems and Sibelius-branded notation software. The company also provides various professional services, such as workflow design and consulting; program and project management; system installation and commissioning; custom development and role-based product level training; public and private training to customers and alliance partners; and service contracts and support plans, as well as develops and licenses curriculum content for use by third party Avid Learning partners to deliver training to customers, users, and alliance partners. It offers its products and solutions to customers in broadcast and media, video and audio post, and professional markets through a network of sales representatives, independent distributors, value-added resellers, dealers, retailers, and digital sales channels. The company was incorporated in 1987 and is headquartered in Burlington, Massachusetts.

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Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryComputer Hardware
SectorComputer and Technology
Current SymbolNASDAQ:AVID
CUSIP05367P10
Phone978-640-6789

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$413.28 million
Cash Flow$0.7001 per share
Book Value($3.98) per share

Profitability

Net Income$-10,670,000.00

Miscellaneous

Employees1,458
Market Cap$292.13 million
Next Earnings Date5/9/2019 (Estimated)
OptionableOptionable

Avid Technology (NASDAQ:AVID) Frequently Asked Questions

What is Avid Technology's stock symbol?

Avid Technology trades on the NASDAQ under the ticker symbol "AVID."

How were Avid Technology's earnings last quarter?

Avid Technology, Inc. (NASDAQ:AVID) issued its quarterly earnings data on Thursday, March, 14th. The technology company reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.16 by $0.08. The technology company had revenue of $112.70 million for the quarter, compared to the consensus estimate of $110.43 million. Avid Technology had a negative net margin of 2.58% and a negative return on equity of 4.14%. Avid Technology's revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the firm posted $0.15 EPS. View Avid Technology's Earnings History.

When is Avid Technology's next earnings date?

Avid Technology is scheduled to release their next quarterly earnings announcement on Thursday, May 9th 2019. View Earnings Estimates for Avid Technology.

What guidance has Avid Technology issued on next quarter's earnings?

Avid Technology issued an update on its FY 2019 earnings guidance on Thursday, March, 14th. The company provided EPS guidance of for the period. The company issued revenue guidance of $420-430 million, compared to the consensus revenue estimate of $422.9 million.Avid Technology also updated its Q1 2019 guidance to EPS.

What price target have analysts set for AVID?

3 brokers have issued 12-month target prices for Avid Technology's stock. Their forecasts range from $5.00 to $6.00. On average, they anticipate Avid Technology's share price to reach $5.50 in the next year. This suggests that the stock has a possible downside of 21.2%. View Analyst Price Targets for Avid Technology.

What is the consensus analysts' recommendation for Avid Technology?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avid Technology in the last year. There are currently 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Avid Technology.

Has Avid Technology been receiving favorable news coverage?

Headlines about AVID stock have trended somewhat positive this week, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Avid Technology earned a coverage optimism score of 2.0 on InfoTrie's scale. They also gave news articles about the technology company a news buzz of 8.0 out of 10, indicating that recent media coverage is very likely to have an impact on the stock's share price in the near future.

Who are some of Avid Technology's key competitors?

What other stocks do shareholders of Avid Technology own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Avid Technology investors own include Opko Health (OPK), TherapeuticsMD (TXMD), Snap (SNAP), Advanced Micro Devices (AMD), Alibaba Group (BABA), Corbus Pharmaceuticals (CRBP), General Electric (GE), FireEye (FEYE), Chesapeake Energy (CHK) and Cypress Semiconductor (CY).

Who are Avid Technology's key executives?

Avid Technology's management team includes the folowing people:
  • Mr. Jeff Rosica, Pres, CEO & Director (Age 57)
  • Mr. Jason A. Duva, Chief Legal & Admin. Officer, Exec. VP and Corp. Sec. (Age 46)
  • Mr. Dana Ruzicka, Chief Product Officer & VP (Age 47)
  • Mr. Kenneth L. Gayron, Exec. VP & CFO (Age 49)
  • Mr. Ryan H. Murray, Chief Accounting Officer, VP of Fin. & Corp. Treasurer (Age 42)

Who are Avid Technology's major shareholders?

Avid Technology's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (4.42%), Dimensional Fund Advisors LP (4.42%), Royce & Associates LP (3.66%), Geode Capital Management LLC (0.80%), Geode Capital Management LLC (0.80%) and Northern Trust Corp (0.75%). Company insiders that own Avid Technology stock include Louis Hernandez, Jr, Peter Ennis, Robert M Bakish and Ryan H Murray. View Institutional Ownership Trends for Avid Technology.

Which major investors are selling Avid Technology stock?

AVID stock was sold by a variety of institutional investors in the last quarter, including Alambic Investment Management L.P., Millennium Management LLC, Dimensional Fund Advisors LP, Dimensional Fund Advisors LP, New York State Common Retirement Fund, Northern Trust Corp, Barclays PLC and Oppenheimer Asset Management Inc.. View Insider Buying and Selling for Avid Technology.

Which major investors are buying Avid Technology stock?

AVID stock was bought by a variety of institutional investors in the last quarter, including RMB Capital Management LLC, Squarepoint Ops LLC, Two Sigma Investments LP, Gabelli Funds LLC, Royce & Associates LP, Mackay Shields LLC, Geode Capital Management LLC and Geode Capital Management LLC. Company insiders that have bought Avid Technology stock in the last two years include Louis Hernandez, Jr and Robert M Bakish. View Insider Buying and Selling for Avid Technology.

How do I buy shares of Avid Technology?

Shares of AVID can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Avid Technology's stock price today?

One share of AVID stock can currently be purchased for approximately $6.98.

How big of a company is Avid Technology?

Avid Technology has a market capitalization of $292.13 million and generates $413.28 million in revenue each year. The technology company earns $-10,670,000.00 in net income (profit) each year or $0.12 on an earnings per share basis. Avid Technology employs 1,458 workers across the globe.

What is Avid Technology's official website?

The official website for Avid Technology is http://www.avid.com.

How can I contact Avid Technology?

Avid Technology's mailing address is 75 NETWORK DRIVE, BURLINGTON MA, 01803. The technology company can be reached via phone at 978-640-6789 or via email at [email protected]


MarketBeat Community Rating for Avid Technology (NASDAQ AVID)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  208 (Vote Outperform)
Underperform Votes:  259 (Vote Underperform)
Total Votes:  467
MarketBeat's community ratings are surveys of what our community members think about Avid Technology and other stocks. Vote "Outperform" if you believe AVID will outperform the S&P 500 over the long term. Vote "Underperform" if you believe AVID will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/19/2019 by MarketBeat.com Staff

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