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

$6.27 0.43 (7.36 %)
(As of 12/12/2017 12:55 PM ET)
Previous Close$5.84
Today's Range$5.87 - $6.33
52-Week Range$3.99 - $7.65
Volume632,600 shs
Average Volume405,519 shs
Market Capitalization$240.53 million
P/E Ratio16.22
Dividend YieldN/A
Beta1.78

About Avid Technology (NASDAQ:AVID)

Avid Technology logoAvid Technology, Inc. is a provider of an open and integrated technology platform, along with applications and services that enable the creation, distribution and monetization of audio and video content. The Company develops, markets, sells and supports software and hardware for digital media content production, management, secured content storage and distribution. The Company's products are used in production and post-production facilities; film studios; network, affiliate, independent and cable television stations; recording studios; live-sound performance venues; advertising agencies; government and educational institutions; corporate communication departments, and by independent video and audio creative professionals, as well as aspiring professionals and enthusiasts. Projects produced using its products include feature films, television programs, live events, news broadcasts, commercials, music, video and other digital media content.

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Industry, Sector and Symbol

Industry Computer Peripherals
Sub-IndustryComputer Hardware
SectorComputer and Technology
SymbolNASDAQ:AVID
CUSIP05367P10
Phone978-640-6789

Debt

Debt-to-Equity Ratio-0.71%
Current Ratio0.65%
Quick Ratio0.46%

Price-To-Earnings

Trailing P/E Ratio16.22
Forward P/E Ratio18.44
P/E GrowthN/A

Sales & Book Value

Annual Sales$511.93 million
Price / Sales0.50
Cash Flow$2.44 per share
Price / Cash2.57
Book Value($6.64) per share
Price / Book-0.94

Profitability

Trailing EPS($0.18)
Net Income$48.21 million
Net Margins-1.75%
Return on Equity-5.36%
Return on Assets6.12%

Miscellaneous

Employees1,591
Outstanding Shares41,190,000

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 Tuesday, March, 15th. The technology company reported ($0.11) earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by $0.47. The technology company had revenue of $140 million for the quarter, compared to analyst estimates of $144.02 million. Avid Technology had a negative net margin of 1.75% and a negative return on equity of 5.36%. During the same quarter last year, the business earned $0.20 EPS. View Avid Technology's Earnings History.

Where is Avid Technology's stock going? Where will Avid Technology's stock price be in 2017?

2 brokerages have issued 12 month price objectives for Avid Technology's stock. Their predictions range from $4.50 to $4.50. On average, they expect Avid Technology's stock price to reach $4.50 in the next year. View Analyst Ratings for Avid Technology.

Who are some of Avid Technology's key competitors?

Who are Avid Technology's key executives?

Avid Technology's management team includes the folowing people:

  • Louis Hernandez Jr., Chairman of the Board, Chief Executive Officer (Age 50)
  • Jeff Rosica, President (Age 54)
  • Brian E. Agle, Chief Financial Officer, Senior Vice President (Age 54)
  • Jason A. Duva, Vice President, General Counsel, Corporate Secretary (Age 42)
  • Ilan Sidi, Vice President - Human Resources (Age 45)
  • Nancy Hawthorne, Lead Independent Director (Age 66)
  • Robert M. Bakish, Independent Director (Age 53)
  • Paula E. Boggs, Independent Director (Age 53)
  • Elizabeth M. Daley Ph.D., Independent Director (Age 71)
  • John H. Park, Independent Director (Age 47)

Who owns Avid Technology stock?

Avid Technology's stock is owned by many different of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (4.38%), Russell Investments Group Ltd. (2.29%), Royce & Associates LP (1.40%), California Public Employees Retirement System (0.65%), GSA Capital Partners LLP (0.62%) and Oppenheimer Asset Management Inc. (0.48%). Company insiders that own Avid Technology stock include Ilan Sidi, John W Frederick, Louis Hernandez Jr, Louis Hernandez, Jr, Paula Boggs, Robert M Bakish and Ryan H Murray. View Institutional Ownership Trends for Avid Technology.

Who sold Avid Technology stock? Who is selling Avid Technology stock?

Avid Technology's stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., GSA Capital Partners LLP, Dimensional Fund Advisors LP and OxFORD Asset Management LLP. View Insider Buying and Selling for Avid Technology.

Who bought Avid Technology stock? Who is buying Avid Technology stock?

Avid Technology's stock was purchased by a variety of institutional investors in the last quarter, including Royce & Associates LP, West Coast Financial LLC, Oppenheimer Asset Management Inc., California Public Employees Retirement System, Trexquant Investment LP and Dynamic Technology Lab Private Ltd. Company insiders that have bought Avid Technology stock in the last two years include Ilan Sidi, Louis Hernandez Jr, Louis Hernandez, Jr, Paula Boggs, Robert M Bakish and Ryan H Murray. View Insider Buying and Selling for Avid Technology.

How do I buy Avid Technology stock?

Shares of Avid Technology 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 Technology stock can currently be purchased for approximately $6.27.

How big of a company is Avid Technology?

Avid Technology has a market capitalization of $240.53 million and generates $511.93 million in revenue each year. The technology company earns $48.21 million in net income (profit) each year or ($0.18) on an earnings per share basis. Avid Technology employs 1,591 workers across the globe.

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 (AVID)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  114 (Vote Outperform)
Underperform Votes:  145 (Vote Underperform)
Total Votes:  259
MarketBeat's community ratings are surveys of what our community members think about Avid Technology and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Avid Technology (NASDAQ:AVID) Analysts' Consensus Rating

  (How are Consensus Ratings Calculated?)
Today30 Days Ago90 Days Ago180 Days Ago
Consensus Rating: HoldHoldHoldHold
Consensus Rating Score: 1.502.002.002.00
Ratings Breakdown: 1 Sell Rating(s)
1 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
1 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
1 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
1 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s)
Consensus Price Target: $4.75$5.00$5.00$5.00
Price Target Upside: 26.92% downside6.54% downside6.54% downside6.54% downside

Avid Technology (NASDAQ:AVID) Consensus Price Target History

Price Target History for Avid Technology (NASDAQ:AVID)

Avid Technology (NASDAQ:AVID) Analyst Ratings History

Show:
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
12/7/2017Dougherty & CoDowngradeNeutral -> Sell$4.50MediumView Rating Details
1/31/2017BWS FinancialDowngradeBuy -> HoldN/AView Rating Details
(Data available from 12/12/2015 forward)

Earnings

Avid Technology (NASDAQ:AVID) Earnings History and Estimates Chart

Earnings by Quarter for Avid Technology (NASDAQ:AVID)

Avid Technology (NASDAQ AVID) Earnings History by Quarter

DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/10/2017Q1 17$0.05$0.02$105.72 million$104.10 millionViewN/AView Earnings Details
3/15/2016Q415$0.36($0.11)$144.02 million$140.00 millionViewListenView Earnings Details
11/5/2015Q3 2015$0.49$0.41$127.23 million$137.44 millionViewN/AView Earnings Details
8/10/2015Q215$0.20$0.05$124.74 million$109.80 millionViewN/AView Earnings Details
3/16/2015Q414$0.22$0.06$141.67 million$128.20 millionViewN/AView Earnings Details
10/29/2012Q312($0.08)($0.08)$133.09 million$127.20 millionViewN/AView Earnings Details
7/30/2012($0.07)($0.11)ViewN/AView Earnings Details
4/26/2012($0.22)($0.24)ViewN/AView Earnings Details
2/7/2012$0.15$0.38ViewN/AView Earnings Details
10/27/2011$0.03$0.01ViewN/AView Earnings Details
7/21/2011$0.08$0.10ViewN/AView Earnings Details
4/21/2011$0.08($0.02)ViewN/AView Earnings Details
2/4/2011$0.08$0.37ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Avid Technology (NASDAQ:AVID) Earnings Estimates

2017 EPS Consensus Estimate: $0.41
2018 EPS Consensus Estimate: $0.23
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.22$0.22$0.22
Q2 20172$0.01$0.05$0.03
Q3 20172($0.03)$0.08$0.03
Q4 20172$0.12$0.14$0.13
Q1 20181($0.11)($0.11)($0.11)
Q2 20181$0.05$0.05$0.05
Q3 20181$0.14$0.14$0.14
Q4 20181$0.15$0.15$0.15
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Avid Technology (NASDAQ:AVID)


No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Avid Technology (NASDAQ AVID) Insider Trading and Institutional Ownership History

Insider Ownership Percentage: 7.50%
Institutional Ownership Percentage: 71.77%
Insider Trades by Quarter for Avid Technology (NASDAQ:AVID)
Institutional Ownership by Quarter for Avid Technology (NASDAQ:AVID)

Avid Technology (NASDAQ AVID) Insider Trades by Quarter

Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
12/7/2017Robert M BakishDirectorBuy20,000$6.00$120,000.00View SEC Filing  
12/5/2017Robert M BakishDirectorBuy20,000$6.69$133,800.00View SEC Filing  
6/14/2017Louis Hernandez, Jr.CEOBuy136,653$4.99$681,898.47View SEC Filing  
6/13/2017Louis Hernandez, Jr.CEOBuy141,447$5.00$707,235.00View SEC Filing  
6/2/2017Ryan H. MurrayInsiderSell9,500$5.13$48,735.00View SEC Filing  
8/16/2016John W FrederickCFOSell457,506$9.09$4,158,729.54View SEC Filing  
6/2/2016Paula BoggsDirectorBuy16,500$6.15$101,475.00View SEC Filing  
5/17/2016Louis Hernandez JrCEOBuy69,000$5.97$411,930.00View SEC Filing  
5/16/2016Louis Hernandez JrCEOBuy100,000$5.80$580,000.00View SEC Filing  
5/10/2016Ilan SidiCFOBuy10,000$5.67$56,700.00View SEC Filing  
5/9/2016Louis Hernandez JrCEOBuy150,000$5.76$864,000.00View SEC Filing  
5/9/2016Ryan H MurrayInsiderBuy9,263$5.57$51,594.91View SEC Filing  
11/10/2015Robert M BakishDirectorBuy40,000$6.14$245,600.00View SEC Filing  
10/12/2015Aiv A L.P. Bcp IIIMajor ShareholderSell100,000$8.49$849,000.00View SEC Filing  
10/8/2015Aiv A L.P. Bcp IIIMajor ShareholderSell189,300$8.27$1,565,511.00View SEC Filing  
10/5/2015Aiv A L.P. Bcp IIIMajor ShareholderSell31,303$8.02$251,050.06View SEC Filing  
9/30/2015Aiv A L.P. Bcp IIIMajor ShareholderSell250,778$8.01$2,008,731.78View SEC Filing  
9/15/2015George H BillingsDirectorBuy10,000$8.70$87,000.00View SEC Filing  
8/25/2015Robert M BakishDirectorBuy100,000$7.99$799,000.00View SEC Filing  
8/13/2015John W FrederickCFOBuy10,000$9.70$97,000.00View SEC Filing  
8/13/2015Louis Hernandez JrCEOBuy20,000$9.42$188,400.00View SEC Filing  
6/3/2015George H BillingsDirectorBuy10,000$17.84$178,400.00View SEC Filing  
5/27/2015Robert M BakishDirectorBuy50,000$16.97$848,500.00View SEC Filing  
5/20/2015Robert M BakishDirectorBuy50,000$16.14$807,000.00View SEC Filing  
5/12/2015Robert M BakishDirectorBuy100,000$15.33$1,533,000.00View SEC Filing  
12/4/2014Robert M BakishDirectorBuy57,000$13.94$794,580.00View SEC Filing  
12/2/2014Robert M BakishDirectorBuy62,000$12.67$785,540.00View SEC Filing  
11/26/2014Robert M BakishDirectorBuy30,000$12.13$363,900.00View SEC Filing  
11/25/2014Robert M BakishDirectorBuy60,000$12.11$726,600.00View SEC Filing  
11/21/2014Robert M BakishDirectorBuy40,000$11.44$457,600.00View SEC Filing  
12/10/2012Robert M BakishDirectorBuy10,000$6.82$68,200.00View SEC Filing  
11/28/2012Robert M BakishDirectorBuy10,000$6.28$62,800.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Avid Technology (NASDAQ AVID) News Headlines

Source:
DateHeadline
[$$] Viacoms CEO Buys More Stock in Maker of Pro Tools[$$] Viacom's CEO Buys More Stock in Maker of Pro Tools
finance.yahoo.com - December 8 at 3:38 PM
Comparing Identiv (INVE) & Avid Technology (AVID)Comparing Identiv (INVE) & Avid Technology (AVID)
www.americanbankingnews.com - December 8 at 9:28 AM
Avid Technology, Inc. (AVID) Director Robert M. Bakish Purchases 20,000 SharesAvid Technology, Inc. (AVID) Director Robert M. Bakish Purchases 20,000 Shares
www.americanbankingnews.com - December 7 at 11:26 PM
Insider Buying: Avid Technology, Inc. (AVID) Director Purchases 20,000 Shares of StockInsider Buying: Avid Technology, Inc. (AVID) Director Purchases 20,000 Shares of Stock
www.americanbankingnews.com - December 7 at 11:26 PM
Top Ranked Value Stocks to Buy for December 7thTop Ranked Value Stocks to Buy for December 7th
finance.yahoo.com - December 7 at 11:52 AM
Avid Technology (AVID) Downgraded by Dougherty & CoAvid Technology (AVID) Downgraded by Dougherty & Co
www.americanbankingnews.com - December 7 at 10:04 AM
Critical Contrast: TransAct Technologies (TACT) and Avid Technology (AVID)Critical Contrast: TransAct Technologies (TACT) and Avid Technology (AVID)
www.americanbankingnews.com - December 6 at 9:38 AM
Maroon 5 Depends on Avid Cloud Collaboration to Create New Album Red Pill BluesMaroon 5 Depends on Avid Cloud Collaboration to Create New Album Red Pill Blues
finance.yahoo.com - December 5 at 1:01 PM
Avid Technology (AVID) Downgraded by ValuEngine to "Hold"Avid Technology (AVID) Downgraded by ValuEngine to "Hold"
www.americanbankingnews.com - December 3 at 10:50 PM
 Analysts Set $5.00 Target Price for Avid Technology, Inc. (AVID) Analysts Set $5.00 Target Price for Avid Technology, Inc. (AVID)
www.americanbankingnews.com - December 3 at 7:30 PM
Avid Technology (AVID) vs. Its Rivals Critical ContrastAvid Technology (AVID) vs. Its Rivals Critical Contrast
www.americanbankingnews.com - December 2 at 11:26 AM
Avid Technology (AVID) & The Competition Head to Head ComparisonAvid Technology (AVID) & The Competition Head to Head Comparison
www.americanbankingnews.com - December 2 at 1:30 AM
Fuze appoints former Starent, Avid CFO to boards audit committeeFuze appoints former Starent, Avid CFO to board's audit committee
www.bizjournals.com - December 1 at 6:32 PM
3 Buy-Ranked Tech Stocks That Soared This Month3 Buy-Ranked Tech Stocks That Soared This Month
www.zacks.com - November 30 at 3:38 PM
Avid Technology (AVID) versus Its Competitors Head-To-Head ComparisonAvid Technology (AVID) versus Its Competitors Head-To-Head Comparison
www.americanbankingnews.com - November 30 at 3:36 PM
Avid to Host 2017 Investor Day on December 5 at The Palace Hotel NYCAvid to Host 2017 Investor Day on December 5 at The Palace Hotel NYC
finance.yahoo.com - November 29 at 11:24 AM
Charlotte-based AvidXchange raises another $2.5 millionCharlotte-based AvidXchange raises another $2.5 million
www.bizjournals.com - November 28 at 3:37 PM
Commit To Buy Avid Technology At $5, Earn 17.2% Annualized Using OptionsCommit To Buy Avid Technology At $5, Earn 17.2% Annualized Using Options
www.nasdaq.com - November 28 at 3:37 PM
Avid Technology (AVID) vs. Its Peers Financial AnalysisAvid Technology (AVID) vs. Its Peers Financial Analysis
www.americanbankingnews.com - November 22 at 1:12 AM
Avid Technology, Inc. (AVID) Lifted to "Buy" at ValuEngineAvid Technology, Inc. (AVID) Lifted to "Buy" at ValuEngine
www.americanbankingnews.com - November 22 at 12:56 AM
Reviewing Avid Technology (AVID) and The CompetitionReviewing Avid Technology (AVID) and The Competition
www.americanbankingnews.com - November 21 at 11:20 AM
Head to Head Comparison: Avid Technology (AVID) vs. The CompetitionHead to Head Comparison: Avid Technology (AVID) vs. The Competition
www.americanbankingnews.com - November 21 at 7:42 AM
Head-To-Head Survey: Stratasys (SSYS) vs. Avid Technology (AVID)Head-To-Head Survey: Stratasys (SSYS) vs. Avid Technology (AVID)
www.americanbankingnews.com - November 20 at 1:40 PM
Head-To-Head Review: Avid Technology (AVID) versus Its RivalsHead-To-Head Review: Avid Technology (AVID) versus Its Rivals
www.americanbankingnews.com - November 17 at 7:15 PM
Avid’s New Video-over-IP Interface Delivers More Flexible and Efficient ConnectivityAvid’s New Video-over-IP Interface Delivers More Flexible and Efficient Connectivity
finance.yahoo.com - November 16 at 11:38 AM
Avid Technology, Inc. (AVID) Stock Rating Upgraded by Zacks Investment ResearchAvid Technology, Inc. (AVID) Stock Rating Upgraded by Zacks Investment Research
www.americanbankingnews.com - November 15 at 7:48 PM
FY2018 Earnings Estimate for Avid Technology, Inc. Issued By Dougherty & Co (AVID)FY2018 Earnings Estimate for Avid Technology, Inc. Issued By Dougherty & Co (AVID)
www.americanbankingnews.com - November 15 at 1:38 PM
Avid Technology (AVID) to Buyback $100.00 million in  Outstanding SharesAvid Technology (AVID) to Buyback $100.00 million in Outstanding Shares
www.americanbankingnews.com - November 15 at 11:38 AM
Avid Technology (AVID) Board of Directors Declares Share Buyback ProgramAvid Technology (AVID) Board of Directors Declares Share Buyback Program
www.americanbankingnews.com - November 15 at 11:37 AM
Avid Technology (AVID) Announces Share Buyback PlanAvid Technology (AVID) Announces Share Buyback Plan
www.americanbankingnews.com - November 15 at 11:37 AM
 Avid Technology, Inc. (AVID) Receives Consensus Rating of "Hold" from Analysts Avid Technology, Inc. (AVID) Receives Consensus Rating of "Hold" from Analysts
www.americanbankingnews.com - November 14 at 7:16 PM
Avid reports 1Q lossAvid reports 1Q loss
marketbeat.com - May 10 at 7:04 AM
AVID TECHNOLOGY, INC. Files SEC form 8-K, Submission of Matters to a Vote of Security HoldersAVID TECHNOLOGY, INC. Files SEC form 8-K, Submission of Matters to a Vote of Security Holders
biz.yahoo.com - May 23 at 5:10 PM
EARNINGS SUMMARY: Details of Avid Technology Inc Q1 Earnings ReportEARNINGS SUMMARY: Details of Avid Technology Inc Q1 Earnings Report
www.rttnews.com - May 5 at 7:50 AM
AVID TECHNOLOGY, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Regulation FD Disclosure, FiAVID TECHNOLOGY, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Regulation FD Disclosure, Fi
biz.yahoo.com - May 4 at 5:07 PM
AVID TECHNOLOGY, INC. Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and ExhibitsAVID TECHNOLOGY, INC. Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
biz.yahoo.com - April 28 at 4:53 PM
G-Technology Offers New Network Attached Storage Solution For Content CreatorsG-Technology Offers New Network Attached Storage Solution For Content Creators
www.prnewswire.com - April 18 at 8:43 AM
Avid Integrates Aspera FASP to Enable High-speed Transfers for Global Media Asset ManagementAvid Integrates Aspera FASP to Enable High-speed Transfers for Global Media Asset Management
globenewswire.com - April 14 at 1:08 PM
Avid Technology (AVID) CFO Frederick ResignsAvid Technology (AVID) CFO Frederick Resigns
www.streetinsider.com - April 13 at 1:56 PM
Avid Technology CFO to resign amid company restructuring, layoffsAvid Technology CFO to resign amid company restructuring, layoffs
www.bizjournals.com - April 13 at 9:55 AM
AVID TECHNOLOGY, INC. Files SEC form 8-K, Change in Directors or Principal OfficersAVID TECHNOLOGY, INC. Files SEC form 8-K, Change in Directors or Principal Officers
biz.yahoo.com - April 13 at 8:30 AM

SEC Filings

Avid Technology (NASDAQ:AVID) SEC Filings

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Social Media

Financials

Avid Technology (NASDAQ:AVID) Income Statement, Balance Sheet and Cash Flow Statement

Chart

Avid Technology (NASDAQ AVID) Stock Chart for Tuesday, December, 12, 2017

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This page was last updated on 12/12/2017 by MarketBeat.com Staff

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