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 product line that is used to edit film, television programming, news broadcasts, commercials, and other video content; Avid shared storage systems and Avid Interplay asset management solutions, which provide complete network, storage, and database solutions to enable users to simultaneously share and manage media assets throughout a project or organization. Its audio products and solutions include Pro Tools digital audio software and workstation solutions to facilitate the audio production process, including music and sound creation, recording, editing, signal processing, integrated surround mixing and mastering, and reference video playback; and a range of complementary control surfaces and consoles, including the System 5 and System 6 modular consoles, as well as the VENUE live-sound systems and Sibelius-branded notation software. The company also provides various professional services, such as workflow design and consulting; program and project management; system installation and commissioning; custom development and role-based product level training; public and private training to customers and alliance partners; and service contracts and support plans, 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. It offers its products and solutions to customers in broadcast and media, video and audio post, and professional markets through a network of sales representatives, independent distributors, value-added resellers, dealers, retailers, and digital sales channels. The company was founded in 1987 and is headquartered in Burlington, Massachusetts.
Industry, Sector and Symbol
Industry Prepackaged software
Sub-IndustryComputer Hardware
SectorComputer and Technology
SymbolNASDAQ:AVID
CUSIP05367P10
Phone978-640-6789
Debt
Debt-to-Equity Ratio-1.18
Current Ratio0.90
Quick Ratio0.73
Price-To-Earnings
Trailing P/E Ratio13.53
Forward P/E Ratio108.20
P/E GrowthN/A
Sales & Book Value
Annual Sales$419 million
Price / Sales0.54
Cash Flow$0.9458 per share
Price / Cash5.72
Book Value($6.52) per share
Price / Book-0.83
Profitability
EPS (Most Recent Fiscal Year)$0.40
Net Income$-13,550,000.00
Net Margins-4.99%
Return on Equity-2.51%
Return on Assets2.64%
Miscellaneous
Employees1,458
Outstanding Shares41,500,000
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) announced its earnings results on Thursday, May, 10th. The technology company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by $0.18. The technology company earned $97.94 million during the quarter. Avid Technology had a negative return on equity of 2.51% and a negative net margin of 4.99%. View Avid Technology's Earnings History.
What price target have analysts set for AVID?
1 Wall Street analysts have issued twelve-month target prices for Avid Technology's shares. Their predictions range from $4.50 to $4.50. On average, they anticipate 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?
Some companies that are related to Avid Technology include Changyou.Com (CYOU), Xunlei (XNET), Polarityte (COOL), QAD Inc. Class B (QADB), NCC Group (NCCGF), Upland Software (UPLD), Bandwidth (BAND), ConvergeOne (CVON), Materialise (MTLS), Sapiens International (SPNS), Mobileiron (MOBL), American Software (AMSWA), Shotspotter (SSTI), MiX Telematics (MIXT) and Magic Software Enterprises (MGIC).
Who are Avid Technology's key executives?
Avid Technology's management team includes the folowing people:
- Mr. Jeff Rosica, Pres, CEO & Director (Age 56)
- Mr. Brian E. Agle, CFO & Sr. VP (Age 55)
- Mr. Jason A. Duva, Gen. Counsel, Sr. VP of Strategic Initiatives & Corp. Sec. (Age 45)
- Mr. Dana Ruzicka, Chief Product Officer & VP (Age 46)
- Mr. Ryan H. Murray, Chief Accounting Officer, VP of Fin. & Corp. Treasurer (Age 41)
Has Avid Technology been receiving favorable news coverage?
News coverage about AVID stock has trended somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Avid Technology earned a coverage optimism score of 0.13 on Accern's scale. They also assigned media coverage about the technology company an impact score of 47.24 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.
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 Cove Street Capital LLC (15.03%), BlackRock Inc. (4.96%), Dimensional Fund Advisors LP (4.51%), Northern Trust Corp (0.94%), Millennium Management LLC (0.75%) and Alambic Investment Management L.P. (0.72%). Company insiders that own Avid Technology stock include John W Frederick, Louis Hernandez, Jr, 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 Millennium Management LLC, Algert Global LLC, California Public Employees Retirement System, Wells Fargo & Company MN and Oppenheimer Asset Management Inc.. View Insider Buying and Selling for Avid Technology.
Which institutional investors are buying Avid Technology stock?
AVID stock was purchased by a variety of institutional investors in the last quarter, including Cove Street Capital LLC, Teton Advisors Inc., Alambic Investment Management L.P., Spark Investment Management LLC, Schwab Charles Investment Management Inc., Dimensional Fund Advisors LP, BlackRock Inc. and Barclays PLC. Company insiders that have bought Avid Technology stock in the last two years include Louis Hernandez, Jr and Robert M Bakish. 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, Scottrade, Fidelity and Charles Schwab.
What is Avid Technology's stock price today?
One share of AVID stock can currently be purchased for approximately $5.41.
How big of a company is Avid Technology?
Avid Technology has a market capitalization of $223.70 million and generates $419 million in revenue each year. The technology company earns $-13,550,000.00 in net income (profit) each year or $0.40 on an earnings per share basis. Avid Technology employs 1,458 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)
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.
