Avid Technology (AVID) Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avid Technology in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" AVID shares.
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4 Wall Street research analysts have issued 1 year target prices for Avid Technology's stock. Their AVID share price forecasts range from $28.00 to $45.00. On average, they expect the company's share price to reach $36.00 in the next year. This suggests a possible upside of 50.0% from the stock's current price.
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Avid Technology's stock was trading at $26.59 at the beginning of the year. Since then, AVID stock has decreased by 9.7% and is now trading at $24.00.
View the best growth stocks for 2023 here.

Avid Technology saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 1,490,000 shares, a drop of 11.3% from the April 30th total of 1,680,000 shares. Based on an average daily trading volume, of 418,600 shares, the short-interest ratio is currently 3.6 days. Approximately 3.7% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
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Avid Technology, Inc. (NASDAQ:AVID) posted its quarterly earnings results on Tuesday, November, 9th. The technology company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. The technology company had revenue of $101.64 million for the quarter, compared to the consensus estimate of $96.98 million. Avid Technology had a net margin of 10.68% and a negative trailing twelve-month return on equity of 28.67%. During the same period in the previous year, the business posted $0.20 EPS.

ETFs with the largest weight of Avid Technology (NASDAQ:AVID) stock in their portfolio include Invesco DWA Technology Momentum ETF (PTF), Invesco S&P SmallCap Information Technology ETF (PSCT), Invesco DWA SmallCap Momentum ETF (DWAS), First Trust Small Cap Growth AlphaDEX Fund (FYC),

Avid Technology updated its FY 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share (EPS) guidance of $1.53-$1.75 for the period, compared to the consensus EPS estimate of $1.65. The company issued revenue guidance of $447.00 million-$472.00 million, compared to the consensus revenue estimate of $457.90 million.

Based on aggregate information from My MarketBeat watchlists, some companies that other Avid Technology investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), OPKO Health (OPK), QUALCOMM (QCOM), Block (SQ), Boeing (BA), Marvell Technology (MRVL), Walt Disney (DIS), Micron Technology (MU) and Cisco Systems (CSCO).

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

Avid Technology's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (12.48%), FMR LLC (11.52%), Royce & Associates LP (3.98%), Dimensional Fund Advisors LP (2.92%), State Street Corp (2.73%) and Congress Asset Management Co. MA (1.58%). Insiders that own company stock include Christian Asmar, Dana Ruzicka, Kenneth L Gayron, Marketing Services SAS Total, Nancy Hawthorne, Robert M Bakish, Robert M Bakish, Timothy Claman and Tom J A Cordiner.
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Shares of AVID stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AVID stock can currently be purchased for approximately $24.00.

Avid Technology (NASDAQ:AVID) has a market capitalization of $1.05 billion and generates $417.41 million in revenue each year. The technology company earns $55.24 million in net income (profit) each year or $0.99 on an earnings per share basis.

The company employs 1,485 workers across the globe.

Avid Technology's mailing address is 75 NETWORK DRIVE, BURLINGTON MA, 01803. The official website for the company is www.avid.com. The technology company can be reached via phone at (978) 640-6789, via email at ir@avid.com, or via fax at 978-640-3366.