Avid Technology - AVID Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Avid Technology in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" AVID shares.
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5 brokerages have issued 1 year target prices for Avid Technology's stock. Their AVID share price forecasts range from $30.00 to $53.00. On average, they anticipate the company's share price to reach $37.60 in the next twelve months. This suggests a possible upside of 65.1% from the stock's current price.
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Avid Technology's stock was trading at $32.57 at the beginning of 2022. Since then, AVID stock has decreased by 30.1% and is now trading at $22.78.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
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Avid Technology, Inc. (NASDAQ:AVID) announced its earnings results on Tuesday, August, 2nd. The technology company reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18. The technology company earned $97.68 million during the quarter, compared to analysts' expectations of $95.87 million. Avid Technology had a negative trailing twelve-month return on equity of 35.68% and a net margin of 11.44%. During the same quarter last year, the business posted $0.17 EPS.

Avid Technology issued an update on its third quarter 2022 earnings guidance on Tuesday, August, 9th. The company provided EPS guidance of $0.27-$0.39 for the period, compared to the consensus EPS estimate of $0.36. The company issued revenue guidance of $100.00 million-$112.00 million, compared to the consensus revenue estimate of $109.69 million.

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), Block (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 stock 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 $22.78.

Avid Technology (NASDAQ:AVID) has a market capitalization of $1.02 billion and generates $409.94 million in revenue each year. The technology company earns $41.39 million in net income (profit) each year or $1.04 on an earnings per share basis.

The company employs 1,405 workers across the globe.

Avid Technology's mailing address is 75 NETWORK DRIVE, BURLINGTON MA, 01803. The official website for the company 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.