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

$8.16
+0.42 (+5.43 %)
(As of 11/11/2019 03:50 PM ET)
Today's Range
$7.73
Now: $8.16
$8.38
50-Day Range
$5.92
MA: $6.38
$7.77
52-Week Range
$4.37
Now: $8.16
$10.79
Volume36,024 shs
Average Volume438,082 shs
Market Capitalization$350.52 million
P/E Ratio68.00
Dividend YieldN/A
Beta1.91
Avid Technology, Inc develops, markets, sells, and supports software, hardware, and integrated solutions for video and audio content creation, management, and distribution worldwide. The company's video products and solutions include the Media Composer, which is used to edit video content, such as television programming, commercials, and films; Avid NEXIS shared storage systems; and Maestro product line solutions for the integration of virtual sets, augmented reality, and video wall control into existing workflows. Read More…

Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryComputer Hardware
SectorComputer and Technology
Current SymbolNASDAQ:AVID
CUSIP05367P10
Phone978-640-6789

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$413.28 million
Cash Flow$0.79 per share
Book Value($3.98) per share

Profitability

Net Income$-10,670,000.00

Miscellaneous

Employees1,446
Market Cap$350.52 million
Next Earnings Date3/12/2020 (Estimated)
OptionableOptionable

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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) announced its earnings results on Thursday, August, 9th. The technology company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.08) by $0.02. The technology company had revenue of $98.62 million for the quarter, compared to analyst estimates of $98.27 million. Avid Technology had a negative return on equity of 11.13% and a negative net margin of 0.99%. Avid Technology's quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the company posted ($0.26) EPS. View Avid Technology's Earnings History.

When is Avid Technology's next earnings date?

Avid Technology is scheduled to release their next quarterly earnings announcement on Thursday, March 12th 2020. View Earnings Estimates for Avid Technology.

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

Avid Technology updated its FY19 earnings guidance on Thursday, November, 7th. The company provided EPS guidance of $0.50-$0.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.61. The company issued revenue guidance of $405-$415 million, compared to the consensus revenue estimate of $410.47 million.

What price target have analysts set for AVID?

4 equities research analysts have issued 1-year price objectives for Avid Technology's stock. Their forecasts range from $5.00 to $14.00. On average, they anticipate Avid Technology's share price to reach $9.17 in the next year. This suggests a possible upside of 11.9% from the stock's current price. View Analyst Price Targets for Avid Technology.

What is the consensus analysts' recommendation for Avid Technology?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avid Technology in the last year. There are currently 1 sell rating, 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Avid Technology.

What are Wall Street analysts saying about Avid Technology stock?

Here are some recent quotes from research analysts about Avid Technology stock:
  • 1. According to Zacks Investment Research, "Avid Technology, Inc. develops, markets, sells and supports a wide range of software and systems for creating and manipulating digital media content. Digital media are media elements, whether video or audio or graphics, in which the image, sound or picture is recorded and stored as digital values, as opposed to analog signals. The company's systems are designed to improve the productivity of video and film editors by enabling them to edit moving pictures and sound in a faster, easier, and more cost-effective manner than traditional analog tape-based systems. " (10/24/2019)
  • 2. Maxim Group analysts commented, "Impressed with CEO Jeff Rosica’s balanced message to investors. Audio poised to turnaround. Greater detail on cost savings give us confidence AVID will minimally meet our estimates. Reiterating Buy rating and 12-month price target of $14." (6/7/2019)

Has Avid Technology been receiving favorable news coverage?

News articles about AVID stock have been trending very negative this week, according to InfoTrie. The research group rates the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Avid Technology earned a news impact score of -3.2 on InfoTrie's scale. They also assigned media coverage about the technology company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the near term. View News Stories for Avid Technology.

Who are some of Avid Technology's key competitors?

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 Opko Health (OPK), Cyberark Software (CYBR), TherapeuticsMD (TXMD), Covisint (COVS), General Electric (GE), Advanced Micro Devices (AMD), FireEye (FEYE), Snap (SNAP), Corbus Pharmaceuticals (CRBP) and Cypress Semiconductor (CY).

Who are Avid Technology's key executives?

Avid Technology's management team includes the folowing people:
  • Mr. Jeff Rosica, Pres, CEO & Director (Age 57)
  • Mr. Kenneth L. Gayron, Exec. VP & CFO (Age 49)
  • Mr. Jason A. Duva, Exec. VP and Chief Legal & Admin. Officer (Age 46)
  • Mr. Tom J. A. Cordiner, Sr. VP & Chief Revenue Officer (Age 49)
  • Mr. Dana Ruzicka, Sr. VP & Chief Product Officer (Age 47)

Who are Avid Technology's major shareholders?

Avid Technology's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Hennessy Advisors Inc. (0.77%), Cadence Capital Management LLC (0.66%), Russell Investments Group Ltd. (0.51%), Gamco Investors INC. ET AL (0.25%), California Public Employees Retirement System (0.21%) and Mackay Shields LLC (0.18%). Company insiders that own Avid Technology stock include Peter Ennis, Robert M Bakish and Ryan H Murray. View Institutional Ownership Trends for Avid Technology.

Which major investors are selling Avid Technology stock?

AVID stock was sold by a variety of institutional investors in the last quarter, including Mackay Shields LLC, Russell Investments Group Ltd., Oppenheimer Asset Management Inc. and Hennessy Advisors Inc.. View Insider Buying and Selling for Avid Technology.

Which major investors are buying Avid Technology stock?

AVID stock was acquired by a variety of institutional investors in the last quarter, including Cadence Capital Management LLC, AlphaMark Advisors LLC, Chicago Equity Partners LLC, First Quadrant L P CA, Gamco Investors INC. ET AL and California Public Employees Retirement System. View Insider Buying and Selling for Avid Technology.

How do I buy shares of Avid Technology?

Shares of AVID 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, Robinhood, Fidelity and Charles Schwab.

What is Avid Technology's stock price today?

One share of AVID stock can currently be purchased for approximately $8.19.

How big of a company is Avid Technology?

Avid Technology has a market capitalization of $351.81 million and generates $413.28 million in revenue each year. The technology company earns $-10,670,000.00 in net income (profit) each year or $0.12 on an earnings per share basis. Avid Technology employs 1,446 workers across the globe.View Additional Information About Avid Technology.

What is Avid Technology's official website?

The official website for Avid Technology is http://www.avid.com/.

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 (NASDAQ AVID)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  236 (Vote Outperform)
Underperform Votes:  295 (Vote Underperform)
Total Votes:  531
MarketBeat's community ratings are surveys of what our community members think about Avid Technology and other stocks. Vote "Outperform" if you believe AVID will outperform the S&P 500 over the long term. Vote "Underperform" if you believe AVID will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/11/2019 by MarketBeat.com Staff

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