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.
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Industry, Sector and Symbol
Industry Prepackaged software
Sub-IndustryComputer Hardware
SectorComputer and Technology
Phone978-640-6789
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$413.28 million
Profitability
Miscellaneous
Employees1,446
Next Earnings Date3/12/2020 (Estimated)
OptionableOptionable
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 results on Thursday, August, 9th. The technology company reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by $0.02. The technology company had revenue of $98.62 million for the quarter, compared to the consensus estimate of $98.27 million. Avid Technology had a negative net margin of 0.46% and a negative return on equity of 10.84%. Avid Technology's quarterly revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the company posted ($0.26) earnings per share. View Avid Technology's Earnings History.
When is Avid Technology's next earnings date?
What guidance has Avid Technology issued on next quarter's earnings?
Avid Technology issued an update on its FY 2019
After-Hours earnings guidance on Monday, November, 25th. The company provided earnings per share guidance of $0.50-0.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.54. The company issued revenue guidance of $$405-415 million, compared to the consensus revenue estimate of $$410.4 million.
What price target have analysts set for AVID?
4 Wall Street analysts have issued 12 month price targets for Avid Technology's stock. Their forecasts range from $5.00 to $14.00. On average, they expect Avid Technology's stock price to reach $9.38 in the next twelve months. This suggests a possible upside of 2.6% 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, 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Avid Technology.
Has Avid Technology been receiving favorable news coverage?
Media stories about AVID stock have been trending neutral this week, InfoTrie Sentiment reports. 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 negative five to positive five, with scores nearest to five being the most favorable. Avid Technology earned a daily sentiment score of 0.3 on InfoTrie's scale. They also assigned media headlines about the technology company a news buzz of 2.0 out of 10, meaning that recent media coverage is very unlikely to have an effect on the company's share price in the next several days. View News Stories for Avid Technology.
Are investors shorting Avid Technology?
Avid Technology saw a increase in short interest in January. As of January 15th, there was short interest totalling 2,740,000 shares, an increase of 5.4% from the December 31st total of 2,600,000 shares. Based on an average daily trading volume, of 283,900 shares, the short-interest ratio is currently 9.7 days. Currently, 8.0% of the company's shares 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?
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 many different of institutional and retail investors. Top institutional investors include Cove Street Capital LLC (4.86%), Royce & Associates LP (4.24%), Acadian Asset Management LLC (2.85%), AQR Capital Management LLC (1.98%), Renaissance Technologies LLC (1.65%) and Cooper Creek Partners Management LLC (1.60%). Company insiders that own Avid Technology stock include Peter Ennis 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 AQR Capital Management LLC, Oxford Asset Management LLP, Connor Clark & Lunn Investment Management Ltd., Cadence Capital Management LLC, Panagora Asset Management Inc., State Street Corp, New York State Common Retirement Fund 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 Cooper Creek Partners Management LLC, Acadian Asset Management LLC, Jacobs Levy Equity Management Inc., Russell Investments Group Ltd., Renaissance Technologies LLC, Globeflex Capital L P, UBS Group AG and Goldman Sachs Group Inc.. 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 $9.14.
How big of a company is Avid Technology?
Avid Technology has a market capitalization of $393.26 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?
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)
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.
