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, August, 9th. The technology company reported ($0.10) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.08) by $0.02. The technology company had revenue of $98.62 million for the quarter, compared to analyst estimates of $98.27 million. Avid Technology had a negative return on equity of 10.84% and a negative net margin of 0.46%. The company's revenue was down 3.7% on a year-over-year basis. During the same period in the prior year, the company earned ($0.26) EPS. View Avid Technology's Earnings History.

Avid Technology is scheduled to release their next quarterly earnings announcement on Monday, March 9th 2020. View Earnings Estimates for Avid Technology.

Avid Technology will be holding an earnings conference call on Monday, March 9th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

4 analysts have issued 1-year target prices for Avid Technology's shares. Their forecasts range from $5.00 to $14.00. On average, they anticipate Avid Technology's share price to reach $9.38 in the next twelve months. This suggests a possible upside of 26.9% from the stock's current price. View Analyst Price Targets 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.

Press coverage about AVID stock has been trending very negative recently, InfoTrie reports. The research group rates the sentiment of news coverage by analyzing 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 five, with scores closest to five being the most favorable. Avid Technology earned a news sentiment score of -4.0 on InfoTrie's scale. They also gave press coverage about the technology company a news buzz of 6.0 out of 10, meaning that recent news coverage is somewhat likely to have an effect 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 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. Approximately 8.0% of the company's stock are sold short. View Avid Technology's Current Options Chain.

Some companies that are related to Avid Technology include Apple (AAPL), HP (HPQ), Dell (DELL), NCR (NCR), Cray (CRAY), Super Micro Computer (SMCI), 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), Advanced Micro Devices (AMD), FireEye (FEYE), TherapeuticsMD (TXMD), Corbus Pharmaceuticals (CRBP), Snap (SNAP), AT&T (T), Verizon Communications (VZ), Viking Therapeutics (VKTX) and General Electric (GE).

Avid Technology's stock is owned by a variety of of retail and institutional 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.

AVID stock was sold by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Oxford Asset Management LLP, Geode Capital Management LLC, Connor Clark & Lunn Investment Management Ltd., Cadence Capital Management LLC, Panagora Asset Management Inc., State Street Corp and New York State Common Retirement Fund. View Insider Buying and Selling for Avid Technology.

AVID stock was bought 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.

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 $7.39.

Avid Technology has a market capitalization of $318.14 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]