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NASDAQ:AVIDAvid Technology Stock Price, Forecast & News

$5.94
+0.34 (+6.07 %)
(As of 05/25/2020 04:00 PM ET)
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Today's Range
$5.49
Now: $5.94
$5.97
50-Day Range
$4.92
MA: $6.06
$7.67
52-Week Range
$4.67
Now: $5.94
$10.79
Volume806,974 shs
Average Volume844,147 shs
Market Capitalization$259.58 million
P/E Ratio198.00
Dividend YieldN/A
Beta1.43
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. Its audio products and solutions include Pro Tools digital audio software 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; Sibelius, which allows users to create, edit, and publish musical scores; S6 that offers complementary control surfaces and consoles; and VENUE | S6L live-sound systems. The company also provides Avid Link, a mobile application to connect with other artists, producers, mixers, composers, editors, videographers, movie makers, and graphic designers; FastServe video server that assists broadcasters in making the move to UHD and IP based workflows with a new and modular architecture; and hardware products, such as I/O devices, interfaces, and audio and video processing equipment. In addition, it offers various service contracts and support plans; professional services, such as workflow design and consulting, program and project management, system installation and commissioning, and custom development and role-based product level training; and public and private training to customers and alliance partners, 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. Avid Technology, Inc. was incorporated in 1987 and is headquartered in Burlington, Massachusetts.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.4Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 4.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.29 out of 5 stars


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$411.79 million
Cash Flow$0.69 per share
Book Value($3.60) per share

Profitability

Net Income$7.60 million

Miscellaneous

Employees1,429
Market Cap$259.58 million
Next Earnings Date8/3/2020 (Estimated)
OptionableOptionable

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Avid Technology (NASDAQ:AVID) Frequently Asked Questions

How has Avid Technology's stock been impacted by COVID-19 (Coronavirus)?

Avid Technology's stock was trading at $7.22 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, AVID stock has decreased by 17.7% and is now trading at $5.94. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Avid Technology?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avid Technology in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Avid Technology.

When is Avid Technology's next earnings date?

Avid Technology is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Avid Technology.

How were Avid Technology's earnings last quarter?

Avid Technology, Inc. (NASDAQ:AVID) announced its quarterly earnings data on Thursday, May, 7th. The technology company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.05 by $0.13. The technology company earned $86.45 million during the quarter. Avid Technology had a negative return on equity of 6.30% and a net margin of 0.50%. View Avid Technology's earnings history.

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

Avid Technology updated its first quarter 2020 IntraDay earnings guidance on Wednesday, April, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $85-87 million, compared to the consensus revenue estimate of $98.52 million.

What price target have analysts set for AVID?

4 brokerages have issued 12 month price targets for Avid Technology's stock. Their forecasts range from $6.50 to $14.00. On average, they expect Avid Technology's stock price to reach $10.88 in the next year. This suggests a possible upside of 83.1% from the stock's current price. View analysts' price targets for Avid Technology.

Has Avid Technology been receiving favorable news coverage?

News stories about AVID stock have trended somewhat positive recently, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Avid Technology earned a coverage optimism score of 1.4 on InfoTrie's scale. They also gave news headlines about the technology company a news buzz of 3.0 out of 10, meaning that recent media coverage is unlikely to have an effect on the company's share price in the near term. View the latest news aboutAvid 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 NVIDIA (NVDA), Opko Health (OPK), Advanced Micro Devices (AMD), Alibaba Group (BABA), Cisco Systems (CSCO), Bank of America (BAC), Walt Disney (DIS), Inovio Pharmaceuticals (INO), Marvell Technology Group (MRVL) and Square (SQ).

Who are Avid Technology's key executives?

Avid Technology's management team includes the following 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)

What is Avid Technology's stock symbol?

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

Who are Avid Technology's major shareholders?

Avid Technology's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (4.58%), Acadian Asset Management LLC (3.25%), Geode Capital Management LLC (1.65%), AQR Capital Management LLC (1.38%), State Street Corp (1.12%) and JPMorgan Chase & Co. (1.08%). Company insiders that own Avid Technology stock include Christian Asmar, Peter Ennis 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 AQR Capital Management LLC, Wells Fargo & Company MN, Squarepoint Ops LLC, Wellington Management Group LLP, Two Sigma Advisers LP, Morgan Stanley, Invesco Ltd., and State Street Corp. View insider buying and selling activity 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 Voce Capital Management LLC, JPMorgan Chase & Co., Acadian Asset Management LLC, Needham Investment Management LLC, Russell Investments Group Ltd., Geode Capital Management LLC, Cruiser Capital Advisors LLC, and Los Angeles Capital Management & Equity Research Inc.. View insider buying and selling activity 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 $5.94.

How big of a company is Avid Technology?

Avid Technology has a market capitalization of $259.58 million and generates $411.79 million in revenue each year. The technology company earns $7.60 million in net income (profit) each year or $0.36 on an earnings per share basis. Avid Technology employs 1,429 workers across the globe.

What is Avid Technology's official website?

The official website for Avid Technology is 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]

This page was last updated on 5/25/2020 by MarketBeat.com Staff

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