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S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
All the trading advice you’ve ever received boils down to this (Ad)
Why do tech stocks go down when interest rates rise?
Pure Storage stock fumbles for a rare buying opportunity
All the trading advice you’ve ever received boils down to this (Ad)
Snowflake’s bullish tailwind is turning into a gale-force wind
2 energy drink makers to wake up your portfolio
All the trading advice you’ve ever received boils down to this (Ad)
Doing Your Holiday Shopping? These Stocks Might Make Great Gifts
Bitcoin has surpassed $41,000 for the first time since April 2022. What's behind the price surge?
S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
All the trading advice you’ve ever received boils down to this (Ad)
Why do tech stocks go down when interest rates rise?
Pure Storage stock fumbles for a rare buying opportunity
All the trading advice you’ve ever received boils down to this (Ad)
Snowflake’s bullish tailwind is turning into a gale-force wind
2 energy drink makers to wake up your portfolio
All the trading advice you’ve ever received boils down to this (Ad)
Doing Your Holiday Shopping? These Stocks Might Make Great Gifts
Bitcoin has surpassed $41,000 for the first time since April 2022. What's behind the price surge?
S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
All the trading advice you’ve ever received boils down to this (Ad)
Why do tech stocks go down when interest rates rise?
Pure Storage stock fumbles for a rare buying opportunity
All the trading advice you’ve ever received boils down to this (Ad)
Snowflake’s bullish tailwind is turning into a gale-force wind
2 energy drink makers to wake up your portfolio
All the trading advice you’ve ever received boils down to this (Ad)
Doing Your Holiday Shopping? These Stocks Might Make Great Gifts
Bitcoin has surpassed $41,000 for the first time since April 2022. What's behind the price surge?

Avid Technology Stock Price, News & Analysis (NASDAQ:AVID)

$27.04
0.00 (0.00%)
(As of 11/7/2023)
Compare
Today's Range
$27.03
$27.05
50-Day Range
$26.80
$27.04
52-Week Range
$19.78
$33.41
Volume
628,900 shs
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
N/A
Insider Trading
N/A
Proj. Earnings Growth
44.76%
From $1.05 to $1.52 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.69 out of 5 stars

Computer And Technology Sector

484th out of 593 stocks

Prepackaged Software Industry

156th out of 198 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 Price History

AVID Stock News Headlines

Avid Technology (NASDAQ:AVID) Coverage Initiated at StockNews.com
The Strategic Gold Play You Haven't Heard About
Experts recommend adding gold to your portfolio, but in what form? Some savvy investors are now rejecting coins and mining stocks in favor of a unique gold investment alternative. It holds explosive growth potential similar to a junior gold stock -- but with less risk exposure.
FMR LLC Adjusts Stake in Avid Technology Inc
The Strategic Gold Play You Haven't Heard About
Experts recommend adding gold to your portfolio, but in what form? Some savvy investors are now rejecting coins and mining stocks in favor of a unique gold investment alternative. It holds explosive growth potential similar to a junior gold stock -- but with less risk exposure.
STG Completes Acquisition of Avid Technology
Smith Ruckus Review
Startup Nation’s Shocking Wake-Up Call
What Happens When AI Exceeds Human Intellect?
What's Retroshade Versus Retrograde?
See More Headlines
Receive AVID Stock News and Ratings via Email

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Company Calendar

Last Earnings
11/06/2023
Today
12/05/2023
Fiscal Year End
12/31/2023

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

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AVID Stock Analysis - Frequently Asked Questions

Should I buy or sell Avid Technology stock right now?

6 Wall Street 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 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 brokerages 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 expect the company's stock price to reach $29.22 in the next twelve months. 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 have AVID shares performed in 2023?

Avid Technology's stock was trading at $26.59 on January 1st, 2023. Since then, AVID stock has increased by 1.7% and is now trading at $27.04.
View the best growth stocks for 2023 here
.

How were Avid Technology's earnings last quarter?

Avid Technology, Inc. (NASDAQ:AVID) released its earnings results on Monday, November, 6th. The technology company reported ($0.17) EPS for the quarter, missing analysts' consensus estimates of $0.40 by $0.57. The technology company had revenue of $91.01 million for the quarter, compared to the consensus estimate of $115.37 million. Avid Technology had a net margin of 7.59% and a negative trailing twelve-month return on equity of 27.20%.

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 retail and institutional investors. Top institutional investors include FMR LLC (7.73%), JPMorgan Chase & Co. (1.52%), Tokio Marine Asset Management Co. Ltd. (1.02%), Gabelli Funds LLC (0.83%), Northern Trust Corp (0.82%) and Herald Investment Management Ltd (0.74%). 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
.

How do I buy shares of Avid Technology?

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.
Compare Top Brokerages Here.

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.
Read More
This page (NASDAQ:AVID) was last updated on 12/5/2023 by MarketBeat.com Staff

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