NASDAQ:AVID - Avid Technology Stock Price, News & Analysis

$6.38
-0.20 (-3.04 %)
(As of 09/17/2019 04:00 PM ET)
Today's Range
$6.34
Now: $6.38
$6.64
50-Day Range
$5.96
MA: $7.15
$10.21
52-Week Range
$4.37
Now: $6.38
$10.79
Volume258,371 shs
Average Volume457,427 shs
Market Capitalization$274.06 million
P/E Ratio53.17
Dividend YieldN/A
Beta1.85
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$0.6237 per share
Book Value($3.98) per share

Profitability

Net Income$-10,670,000.00

Miscellaneous

Employees1,446
Market Cap$274.06 million
Next Earnings Date11/6/2019 (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 quarterly earnings data on Monday, August, 5th. The technology company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.04 by $0.02. The technology company had revenue of $98.70 million for the quarter, compared to analyst estimates of $101.29 million. Avid Technology had a negative return on equity of 11.13% and a negative net margin of 0.99%. The firm's revenue for the quarter was up .1% on a year-over-year basis. During the same period last year, the firm earned ($0.20) earnings per share. 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 Wednesday, November 6th 2019. 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 Monday, August, 5th. The company provided EPS guidance of $0.60-0.72 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.62. The company issued revenue guidance of $420-430 million, compared to the consensus revenue estimate of $425.77 million.

What price target have analysts set for AVID?

4 equities research analysts have issued twelve-month target prices for Avid Technology's stock. Their predictions range from $5.00 to $14.00. On average, they anticipate Avid Technology's stock price to reach $9.1667 in the next year. This suggests a possible upside of 43.7% 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. 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)
  • 2. 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. " (5/15/2019)

Has Avid Technology been receiving favorable news coverage?

News headlines about AVID stock have trended negative recently, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Avid Technology earned a daily sentiment score of -2.9 on InfoTrie's scale. They also assigned news articles about the technology company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the immediate future. View News Stories for Avid Technology.

Are investors shorting Avid Technology?

Avid Technology saw a decrease in short interest in August. As of August 31st, there was short interest totalling 1,693,100 shares, a decrease of 20.9% from the July 31st total of 2,139,700 shares. Based on an average daily volume of 483,800 shares, the short-interest ratio is currently 3.5 days. Approximately 4.5% of the shares of the stock are sold short. View Avid Technology's Current Options Chain.

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 retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (6.84%), BlackRock Inc. (4.57%), Acadian Asset Management LLC (1.53%), Nuveen Asset Management LLC (1.07%), Renaissance Technologies LLC (0.93%) and Hennessy Advisors Inc. (0.80%). 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 institutional investors are selling Avid Technology stock?

AVID stock was sold by a variety of institutional investors in the last quarter, including Citadel Advisors LLC, Russell Investments Group Ltd., D. E. Shaw & Co. Inc., Parametric Portfolio Associates LLC, AXA, Oppenheimer Asset Management Inc., Royal Bank of Canada and Jacobs Levy Equity Management Inc.. View Insider Buying and Selling for Avid Technology.

Which institutional investors are buying Avid Technology stock?

AVID stock was bought by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, Nuveen Asset Management LLC, Renaissance Technologies LLC, Hennessy Advisors Inc., Intrinsic Edge Capital Management LLC, AQR Capital Management LLC, BlackRock Inc. and Invesco Ltd.. 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 $6.38.

How big of a company is Avid Technology?

Avid Technology has a market capitalization of $274.06 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:  227 (Vote Outperform)
Underperform Votes:  286 (Vote Underperform)
Total Votes:  513
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 9/17/2019 by MarketBeat.com Staff

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