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PYPL   61.99 (-0.10%)
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QQQ   347.99 (-0.57%)
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MSFT   328.74 (-0.75%)
META   264.72 (+0.84%)
GOOGL   122.98 (-0.56%)
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NVDA   378.34 (-5.68%)
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AMD   118.21 (-5.64%)
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PFE   38.02 (+2.73%)
PYPL   61.99 (-0.10%)
NFLX   395.23 (+0.57%)
QQQ   347.99 (-0.57%)
AAPL   177.25 (-0.03%)
MSFT   328.74 (-0.75%)
META   264.72 (+0.84%)
GOOGL   122.98 (-0.56%)
AMZN   120.65 (-0.83%)
TSLA   203.93 (+1.38%)
NVDA   378.34 (-5.68%)
NIO   7.53 (+1.62%)
BABA   79.55 (+1.12%)
AMD   118.21 (-5.64%)
T   15.73 (+0.58%)
F   12.00 (-4.69%)
MU   68.20 (-4.87%)
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GE   101.53 (-0.85%)
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NASDAQ:AVID

Avid Technology (AVID) Stock Forecast, Price & News

$24.00
+0.01 (+0.04%)
(As of 04:00 PM ET)
Compare
Today's Range
$23.83
$24.46
50-Day Range
$20.06
$33.21
52-Week Range
$19.78
$33.41
Volume
1.19 million shs
Average Volume
357,278 shs
Market Capitalization
$1.05 billion
P/E Ratio
24.24
Dividend Yield
N/A
Price Target
$36.00

Avid Technology MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
50.0% Upside
$36.00 Price Target
Short Interest
Healthy
3.72% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.45
Upright™ Environmental Score
News Sentiment
0.78mentions of Avid Technology in the last 14 days
Based on 17 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
32.48%
From $1.17 to $1.55 Per Share

Overall MarketRank

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

3.03 out of 5 stars

Computer And Technology Sector

22nd out of 621 stocks

Prepackaged Software Industry

3rd out of 219 stocks


AVID stock logo

About Avid Technology (NASDAQ:AVID) Stock

Avid Technology, Inc. engages in the provision of technology services for the media and entertainment industry. It develops, markets, sells, and supports software and integrated solutions for video and audio content creation, management, and distribution. The company was founded by William J. Warner in September 1987 and is headquartered in Burlington, MA.

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AVID Stock News Headlines

Soaring EV Industry Keeps Investor Focus on Lithium
The need for lithium keeps going up, up, up with the mass adoption of electric vehicles. The lithium demand for EV batteries alone is now double the rate of lithium production.
Avid Technology (NASDAQ:AVID) Trading 3.3% Higher
Avid Technology stock climbs on possible company sale
AVID Surges on Potential Sale Report
Soaring EV Industry Keeps Investor Focus on Lithium
The need for lithium keeps going up, up, up with the mass adoption of electric vehicles. The lithium demand for EV batteries alone is now double the rate of lithium production.
Boxlight (BOXL) Gets a Buy from Maxim Group
Q1 2023 Avid Technology Inc Earnings Call
Avid Technology Announces Q1 2023 Results
See More Headlines
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AVID Company Calendar

Last Earnings
11/09/2021
Today
5/31/2023
Next Earnings (Estimated)
8/01/2023
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 Forecast
$36.00
High Stock Price Forecast
$45.00
Low Stock Price Forecast
$28.00
Forecasted Upside/Downside
+50.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Net Income
$55.24 million
Pretax Margin
8.09%

Debt

Sales & Book Value

Annual Sales
$417.41 million
Cash Flow
$1.25 per share
Book Value
($2.70) per share

Miscellaneous

Free Float
41,098,000
Market Cap
$1.05 billion
Optionable
Optionable
Beta
1.21

Social Links


Key Executives

  • Jeff Rosica
    President, Chief Executive Officer & Director
  • Dave Perillo
    Senior Vice President-Operations & Supply Chain
  • Kenneth L. GayronKenneth L. Gayron
    Chief Financial Officer, Treasurer & Executive VP
  • Kevin W. Riley
    Chief Technology Officer & Senior VP-Technology
  • Alessandra Cäcilia Melloni
    Secretary, Chief Ethics & Compliance Officer, SVP













AVID Stock - Frequently Asked Questions

Should I buy or sell Avid Technology stock right now?

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.
View AVID analyst ratings
or view top-rated stocks.

What is Avid Technology's stock price forecast for 2023?

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.
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 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
.

Are investors shorting Avid Technology?

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.
View Avid Technology's Short Interest
.

When is Avid Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our AVID earnings forecast
.

How were Avid Technology's earnings last quarter?

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.

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

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.

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).

What is Avid Technology's stock symbol?

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

Who are Avid Technology's major shareholders?

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.
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.

What is Avid Technology's stock price today?

One share of AVID stock can currently be purchased for approximately $24.00.

How much money does Avid Technology make?

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.

How many employees does Avid Technology have?

The company employs 1,485 workers across the globe.

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
How can I contact Avid Technology?

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.

This page (NASDAQ:AVID) was last updated on 5/31/2023 by MarketBeat.com Staff

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