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

Avid Technology trades on the NASDAQ under the ticker symbol "AVID."

Avid Technology, Inc. (NASDAQ:AVID) announced its quarterly earnings data on Thursday, November, 7th. The technology company reported $0.09 EPS for the quarter, meeting analysts' consensus estimates of $0.09. The technology company earned $93.46 million during the quarter. Avid Technology had a negative net margin of 0.46% and a negative return on equity of 10.84%. View Avid Technology's Earnings History.

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

Avid Technology updated 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 estimate of $0.54. The company issued revenue guidance of $$405-415 million, compared to the consensus revenue estimate of $$410.4 million.

5 brokerages have issued twelve-month price objectives 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 2.3% from the stock's current price. View Analyst Price Targets for Avid Technology.

5 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 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Avid Technology.

Media stories about AVID stock have been trending positive on Sunday, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Avid Technology earned a media sentiment score of 2.2 on InfoTrie's scale. They also gave news articles about the technology company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the near term. View News Stories for Avid Technology.

Avid Technology saw a increase in short interest in December. As of December 31st, there was short interest totalling 2,740,000 shares, an increase of 5.4% from the December 15th total of 2,600,000 shares. Based on an average daily trading volume, of 273,000 shares, the days-to-cover ratio is presently 10.0 days. Approximately 8.0% of the shares of the stock are short sold. View Avid Technology's Current Options Chain.

Some companies that are related to Avid Technology include Apple (AAPL), Dell (DELL), HP (HPQ), NCR (NCR), Super Micro Computer (SMCI), Cray (CRAY), 3D Systems (DDD), Stratasys (SSYS), Diebold Nixdorf (DBD) and Kopin (KOPN).

Based on aggregate information from My MarketBeat watchlists, some companies that other Avid Technology investors own include Opko Health (OPK), FireEye (FEYE), Cyberark Software (CYBR), TherapeuticsMD (TXMD), Snap (SNAP), Advanced Micro Devices (AMD), Corbus Pharmaceuticals (CRBP), General Electric (GE), Cypress Semiconductor (CY) and Meet Group (MEET).

Avid Technology's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Hennessy Advisors Inc. (0.74%). Company insiders that own Avid Technology stock include Peter Ennis and Ryan H Murray. View Institutional Ownership Trends for Avid Technology.

AVID stock was sold by a variety of institutional investors in the last quarter, including Hennessy Advisors Inc.. View Insider Buying and Selling for 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.

One share of AVID stock can currently be purchased for approximately $9.16.

Avid Technology has a market capitalization of $394.34 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.

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

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]