Avid Technology Stock Forecast, Price & News

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

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.

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

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

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

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.

Avid Technology employs 1,405 workers across the globe.

Avid Technology was founded in 1987.

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.