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NASDAQ:AVID

Avid Technology Stock Forecast, Price & News

$28.42
+0.22 (+0.78%)
(As of 07/7/2022 01:15 PM ET)
Add
Compare
Today's Range
$28.10
$28.66
50-Day Range
$21.45
$32.45
52-Week Range
$20.83
$40.48
Volume
4,448 shs
Average Volume
248,163 shs
Market Capitalization
$1.28 billion
P/E Ratio
27.59
Dividend Yield
N/A
Price Target
$42.50

Avid Technology MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
43.9% Upside
$40.60 Price Target
Short Interest
Healthy
2.67% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.45
Upright™ Environmental Score
News Sentiment
0.73mentions of Avid Technology in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
$6.18 M Bought Last Quarter
Proj. Earnings Growth
21.93%
From $1.14 to $1.39 Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

2.86 out of 5 stars

Computer And Technology Sector

17th out of 936 stocks

Prepackaged Software Industry

4th out of 302 stocks

30 days | 90 days | 365 days | Advanced Chart

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Avid Technology logo

About Avid Technology (NASDAQ:AVID) Stock

Avid Technology, Inc., together with its subsidiaries, develops, markets, sells, and supports software and integrated solutions for video and audio content creation, management, and distribution worldwide. The company's video products and solutions include the Media Composer, a cloud-enabled solution used to edit video content; Avid NEXIS shared storage systems; Maestro solutions for the integration of virtual sets, augmented reality, and video wall control into existing workflows; AirSpeed 5000 and AirSpeed 5500 on-air server solutions; and MediaCentral, a media production suite. Its audio products and solutions comprise Pro Tools digital audio software solutions to facilitate the audio production process; Sibelius solution to create, edit, and publish musical scores; S6 line of complementary control surfaces and consoles; S1 and S4 audio control surfaces; and VENUE | S6L live sound system for mixing audio for live sound reinforcement. 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 maintenance contracts and support services; 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. The company was incorporated in 1987 and is headquartered in Burlington, Massachusetts.

AVID Stock News Headlines

Avid Technology Rings the Opening Bell
3 Reasons Why Avid (AVID) Is a Great Growth Stock
Avid Technology is Now Oversold (AVID)
Why Avid Technology Stock Crashed Today
Avid Technology Announces Q1 2022 Results
See More Headlines

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Computer Hardware
Current Symbol
NASDAQ:AVID
CUSIP
05367P10
Employees
1,405
Year Founded
1987

Company Calendar

Last Earnings
5/04/2022
Today
7/07/2022
Next Earnings (Estimated)
8/02/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$40.60
High Stock Price Forecast
$53.00
Low Stock Price Forecast
$30.00
Forecasted Upside/Downside
+49.5%
Consensus Rating
Buy
Rating Score (0-4)
3
Research Coverage
4 Analysts

Profitability

Net Income
$41.39 million
Pretax Margin
12.20%

Debt

Sales & Book Value

Annual Sales
$409.94 million
Cash Flow
$1.24 per share
Book Value
($2.76) per share

Miscellaneous

Free Float
41,959,000
Market Cap
$1.28 billion
Optionable
Optionable
Beta
1.24

Social Links















Avid Technology Frequently Asked Questions

Should I buy or sell Avid Technology stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Avid Technology in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Avid Technology stock.
View analyst ratings for Avid Technology
or view top-rated stocks.

What is Avid Technology's stock price forecast for 2022?

4 equities research analysts have issued 1 year target prices for Avid Technology's stock. Their AVID stock forecasts range from $30.00 to $53.00. On average, they expect Avid Technology's share price to reach $40.60 in the next twelve months. This suggests a possible upside of 43.1% from the stock's current price.
View analysts' price targets for Avid Technology
or view top-rated stocks among Wall Street analysts.

How has Avid Technology's stock price performed in 2022?

Avid Technology's stock was trading at $32.57 at the start of the year. Since then, AVID stock has decreased by 12.9% and is now trading at $28.38.
View the best growth stocks for 2022 here
.

When is Avid Technology's next earnings date?

Avid Technology is scheduled to release its next quarterly earnings announcement on Tuesday, August 2nd 2022.
View our earnings forecast for Avid Technology
.

How were Avid Technology's earnings last quarter?

Avid Technology, Inc. (NASDAQ:AVID) announced its earnings results on Wednesday, May, 4th. The technology company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. The technology company earned $100.65 million during the quarter, compared to analysts' expectations of $103.07 million. Avid Technology had a negative trailing twelve-month return on equity of 36.00% and a net margin of 11.43%. During the same period in the previous year, the business earned $0.22 EPS.
View Avid Technology's earnings history
.

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

Avid Technology issued an update on its second quarter 2022 earnings guidance on Monday, May, 16th. The company provided EPS guidance of $0.19-$0.32 for the period, compared to the consensus earnings per share estimate of $0.28. The company issued revenue guidance of $92.00 million-$104.00 million, compared to the consensus revenue estimate of $100.06 million.

Who are Avid Technology's key executives?

Avid Technology's management team includes the following people:
  • Mr. Jeff Rosica, Pres, CEO & Director (Age 60, Pay $1.25M)
  • Mr. Kenneth L. Gayron, Exec. VP, CFO, Chief Accounting Officer & Corp. Treasurer (Age 52, Pay $620.82k) (LinkedIn Profile)
  • Mr. Kevin W. Riley, CTO & Sr. VP (Age 51, Pay $619.58k)
  • Mr. Tom J. A. Cordiner, Chief Revenue Officer & Sr. VP (Age 52, Pay $803.54k) (LinkedIn Profile)
  • Mr. Dave Perillo, Sr. VP of Operations & Supply Chain
  • Mr. Whit Rappole, VP of Corp. Devel. & Investor Relations
  • Ms. Alessandra Melloni, Corp. Sec., Gen. Counsel, Chief Ethics and Compliance Officer & Sr. VP
  • Ms. Diana Brunelle, Chief HR Officer & Sr. VP
  • Mr. Dana Ruzicka, Sr. VP and GM of Audio & Music Solutions (Age 50) (LinkedIn Profile)
  • Mr. Peter M. Ennis, Sr. VP of Global Services & Support

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), Advanced Micro Devices (AMD), OPKO Health (OPK), QUALCOMM (QCOM), Square (SQ), Boeing (BA), Marvell Technology (MRVL), Walt Disney (DIS), Micron Technology (MU) and Cisco Systems (CSCO).

What is Avid Technology's stock symbol?

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

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Avid Technology's stock price today?

One share of AVID stock can currently be purchased for approximately $28.38.

How much money does Avid Technology make?

Avid Technology (NASDAQ:AVID) has a market capitalization of $1.28 billion and generates $409.94 million in revenue each year. The technology company earns $41.39 million in net income (profit) each year or $1.03 on an earnings per share basis.

How many employees does Avid Technology have?

Avid Technology employs 1,405 workers across the globe.

Does Avid Technology have any subsidiaries?

The following companies are subsidiares of Avid Technology: AVID CV LLC, AVID DEVELOPMENT GMBH, AVID GENERAL PARTNER B.V., AVID NORDIC A.B., AVID NORTH ASIA LIMITED, AVID SYSTEMS, AVID TECHNOLOGY (AUSTRALIA) PTY LTD, AVID TECHNOLOGY (BEIJING) CO., AVID TECHNOLOGY (INDIA) PRIVATE LIMITED, AVID TECHNOLOGY (S.E. ASIA) PTE LTD, AVID TECHNOLOGY C.V., AVID TECHNOLOGY CANADA CORP., AVID TECHNOLOGY EUROPE LIMITED, AVID TECHNOLOGY GMBH, AVID TECHNOLOGY HOLDING B.V., AVID TECHNOLOGY HOLDING GMBH, AVID TECHNOLOGY INTERNATIONAL B.V., AVID TECHNOLOGY K.K., AVID TECHNOLOGY MEXICO, AVID TECHNOLOGY S.A.R.L., AVID TECHNOLOGY S.L., AVID TECHNOLOGY SERVICES TAIWAN CO., AVID TECHNOLOGY WORLDWIDE, BLUE ORDER TECHNOLOGIES GMBH, Blue Order Solutions, DIGIDESIGN ITALY S.R.L., EUPHONIX EUROPE LIMITED, Euphonix, GETRIS SAS, INTEGRATED BROADCAST SERVICES LIMITED (IBIS), IVSM LIMITED, JIM LTD., Maximum Throughput, Medea, ORAD HI-TEC SYSTEMS (NORTH ASIA) LIMITED, ORAD HI-TEC SYSTEMS DEUTSCHLAND GMBH, ORAD HI-TEC SYSTEMS IBERIA SL, ORAD HI-TEC SYSTEMS LTD., ORAD HI-TEC SYSTEMS POLAND SP. Z.O.O, ORAD INC., ORAD NETHERLANDS B.V., ORADNET LTD., Orad Hi-Tech Systems, Pinnacle Systems, Rocket Network, Sibelius, Sundance Digital, and Wizoo.
Read More

When was Avid Technology founded?

Avid Technology was founded in 1987.

How can I contact Avid Technology?

Avid Technology's mailing address is 75 NETWORK DRIVE, BURLINGTON MA, 01803. The official website for Avid Technology is www.avid.com. The technology company can be reached via phone at (978) 640-6789, via email at ir@avid.com, or via fax at 978-640-3366.

This page (NASDAQ:AVID) was last updated on 7/7/2022 by MarketBeat.com Staff

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