S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
Critical asset just had biggest fall on record (Ad)
Best Buy reports lower 4Q sales and profits as shoppers remain cautious
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
Critical asset just had biggest fall on record (Ad)
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
From Hometown Hero to Franchise Partner — 3 Celebrities Collaborating With Their Hometown Brands
S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
Critical asset just had biggest fall on record (Ad)
Best Buy reports lower 4Q sales and profits as shoppers remain cautious
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
Critical asset just had biggest fall on record (Ad)
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
From Hometown Hero to Franchise Partner — 3 Celebrities Collaborating With Their Hometown Brands
S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
Critical asset just had biggest fall on record (Ad)
Best Buy reports lower 4Q sales and profits as shoppers remain cautious
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
Critical asset just had biggest fall on record (Ad)
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
From Hometown Hero to Franchise Partner — 3 Celebrities Collaborating With Their Hometown Brands
S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
Critical asset just had biggest fall on record (Ad)
Best Buy reports lower 4Q sales and profits as shoppers remain cautious
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
Critical asset just had biggest fall on record (Ad)
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
From Hometown Hero to Franchise Partner — 3 Celebrities Collaborating With Their Hometown Brands
NASDAQ:AVID

Avid Technology (AVID) Stock Price, News & Analysis

Notice: This company has been marked as potentially delisted and may not be actively trading.
Today's Range
$27.04
$27.04
50-Day Range
$26.84
$27.04
52-Week Range
$19.78
$33.41
Volume
N/A
Average Volume
483,812 shs
Market Capitalization
$1.19 billion
P/E Ratio
37.04
Dividend Yield
N/A
Price Target
$29.22

Avid Technology MarketRank™ Stock Analysis

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
8.1% Upside
$29.22 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
-0.45
Upright™ Environmental Score
News Sentiment
0.32mentions of Avid Technology in the last 14 days
Based on 18 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
44.76%
From $1.05 to $1.52 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.31 out of 5 stars

Computer And Technology Sector

504th out of 603 stocks

Prepackaged Software Industry

174th out of 201 stocks


AVID stock logo

About Avid Technology Stock (NASDAQ:AVID)

Avid Technology, Inc., together with its subsidiaries, develops, markets, sells, and supports software and integrated solutions for video and audio content creation, management, and distribution in the United States and internationally. The company's video products and solutions include the Media Composer, a cloud-enabled solution used to edit video content; Avid NEXIS shared storage systems; Maestro solutions for the integration of virtual sets, augmented reality, and video wall control into existing workflows; AirSpeed 5000 and AirSpeed 5500 on-air server solutions; and MediaCentral, a media production suite. Its audio products and solutions comprise Pro Tools digital audio software solutions to facilitate the audio production process; Sibelius solution to create, edit, and publish musical scores; S1 and dock line audio control surface; S4 and S6 audio control surfaces; and VENUE | S6L live sound system for mixing audio for live sound reinforcement. The company also provides Avid Link, a mobile application to connect with other artists, producers, mixers, composers, editors, videographers, movie makers, and graphic designers; FastServe video server that assists broadcasters in making the move to UHD and IP based workflows with a new and modular architecture; and hardware products, such as I/O devices, interfaces, and audio and video processing equipment. In addition, it offers various maintenance contracts and support services; professional services, such as workflow design and consulting, program and project management, system installation and commissioning, and custom development and role-based product level training; and public and private training to customers and alliance partners, 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. Avid Technology, Inc. was incorporated in 1987 and is headquartered in Burlington, Massachusetts.


AVID Stock News Headlines

This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
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AMR Apr 2024 430.000 call
AMR Apr 2024 390.000 put
See More Headlines
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Company Calendar

Last Earnings
11/09/2021
Today
2/29/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Computer Hardware
Current Symbol
NASDAQ:AVID
CUSIP
05367P10
Employees
1,485
Year Founded
1987

Price Target and Rating

Average Stock Price Target
$29.22
High Stock Price Target
$38.00
Low Stock Price Target
$27.00
Potential Upside/Downside
+8.1%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
6 Analysts

Profitability

Net Income
$55.24 million
Pretax Margin
4.87%

Debt

Sales & Book Value

Annual Sales
$417.41 million
Cash Flow
$1.26 per share
Book Value
($2.72) per share

Miscellaneous

Free Float
40,955,000
Market Cap
$1.19 billion
Optionable
Optionable
Beta
1.13

Social Links

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AVID Stock Analysis - Frequently Asked Questions

Should I buy or sell Avid Technology stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Avid Technology in the last year. There are currently 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" AVID shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AVID, but not buy additional shares or sell existing shares.
View AVID analyst ratings
or view top-rated stocks.

What is Avid Technology's stock price target for 2024?

6 analysts have issued 1 year price objectives for Avid Technology's shares. Their AVID share price targets range from $27.00 to $38.00. On average, they predict the company's stock price to reach $29.22 in the next year. This suggests a possible upside of 8.1% from the stock's current price.
View analysts price targets for AVID
or view top-rated stocks among Wall Street analysts.

How were Avid Technology's earnings last quarter?

Avid Technology, Inc. (NASDAQ:AVID) announced its earnings results on Tuesday, November, 9th. The technology company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. The technology company had revenue of $101.64 million for the quarter, compared to analyst estimates of $96.98 million. Avid Technology had a negative trailing twelve-month return on equity of 27.20% and a net margin of 7.59%. During the same quarter in the previous year, the company posted $0.20 earnings per share.

What ETF holds Avid Technology's stock ?

MUSQ Global Music Industry ETF holds 4,585 shares of AVID stock, representing 1.71% of its portfolio.

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 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).

Who are Avid Technology's major shareholders?

Avid Technology's stock is owned by many different institutional and retail investors. Top institutional shareholders include Citadel Advisors LLC (0.00%) and Concourse Financial Group Securities Inc. (0.00%). 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.
View institutional ownership trends
.

Does Avid Technology have any subsidiaries?
The following companies are subsidiares of Avid Technology: AVID CV LLC, AVID DEVELOPMENT GMBH, AVID GENERAL PARTNER B.V., AVID NORDIC A.B., AVID NORTH ASIA LIMITED, AVID SYSTEMS, AVID TECHNOLOGY (AUSTRALIA) PTY LTD, AVID TECHNOLOGY (BEIJING) CO., AVID TECHNOLOGY (INDIA) PRIVATE LIMITED, AVID TECHNOLOGY (S.E. ASIA) PTE LTD, AVID TECHNOLOGY C.V., AVID TECHNOLOGY CANADA CORP., AVID TECHNOLOGY EUROPE LIMITED, AVID TECHNOLOGY GMBH, AVID TECHNOLOGY HOLDING B.V., AVID TECHNOLOGY HOLDING GMBH, AVID TECHNOLOGY INTERNATIONAL B.V., AVID TECHNOLOGY K.K., AVID TECHNOLOGY MEXICO, AVID TECHNOLOGY S.A.R.L., AVID TECHNOLOGY S.L., AVID TECHNOLOGY SERVICES TAIWAN CO., AVID TECHNOLOGY WORLDWIDE, BLUE ORDER TECHNOLOGIES GMBH, Blue Order Solutions, DIGIDESIGN ITALY S.R.L., EUPHONIX EUROPE LIMITED, Euphonix, GETRIS SAS, INTEGRATED BROADCAST SERVICES LIMITED (IBIS), IVSM LIMITED, JIM LTD., Maximum Throughput, Medea, ORAD HI-TEC SYSTEMS (NORTH ASIA) LIMITED, ORAD HI-TEC SYSTEMS DEUTSCHLAND GMBH, ORAD HI-TEC SYSTEMS IBERIA SL, ORAD HI-TEC SYSTEMS LTD., ORAD HI-TEC SYSTEMS POLAND SP. Z.O.O, ORAD INC., ORAD NETHERLANDS B.V., ORADNET LTD., Orad Hi-Tech Systems, Pinnacle Systems, Rocket Network, Sibelius, Sundance Digital, and Wizoo.
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This page (NASDAQ:AVID) was last updated on 3/1/2024 by MarketBeat.com Staff