About Avid Technology (NASDAQ:AVID)
Avid Technology, Inc. is a provider of an open and integrated technology platform, along with applications and services that enable the creation, distribution and monetization of audio and video content. The Company develops, markets, sells and supports software and hardware for digital media content production, management, secured content storage and distribution. The Company's products are used in production and post-production facilities; film studios; network, affiliate, independent and cable television stations; recording studios; live-sound performance venues; advertising agencies; government and educational institutions; corporate communication departments, and by independent video and audio creative professionals, as well as aspiring professionals and enthusiasts. Projects produced using its products include feature films, television programs, live events, news broadcasts, commercials, music, video and other digital media content.
Industry, Sector and Symbol:
- Industry: Computer Peripherals
- Sub-Industry: Computer Hardware
- Sector: Technology
- Symbol: NASDAQ:AVID
- CUSIP: 05367P10
- Web: www.avid.com
- Debt-to-Equity Ratio: -0.71%
- Current Ratio: 0.65%
- Quick Ratio: 0.46%
Sales & Book Value:
- Trailing P/E Ratio: 17.78
- Forward P/E Ratio: 22.74
- Annual Sales: $511.93 million
- Price / Sales: 0.57
- Cash Flow: $2.51 per share
- Price / Cash: 2.81
- Book Value: ($6.57) per share
- Price / Book: -1.07
- Trailing EPS: ($0.18)
- Net Income: $48.21 million
- Net Margins: -1.75%
- Return on Equity: -5.36%
- Return on Assets: 6.12%
- Employees: 1,591
- Outstanding Shares: 41,190,000
Frequently Asked Questions for Avid Technology (NASDAQ:AVID)
What is Avid Technology's stock symbol?
Avid Technology trades on the NASDAQ under the ticker symbol "AVID."
How were Avid Technology's earnings last quarter?
Avid Technology, Inc. (NASDAQ:AVID) issued its quarterly earnings results on Tuesday, March, 15th. The technology company reported ($0.11) EPS for the quarter, missing the Zacks' consensus estimate of $0.36 by $0.47. The technology company had revenue of $140 million for the quarter, compared to the consensus estimate of $144.02 million. Avid Technology had a negative net margin of 1.75% and a negative return on equity of 5.36%. During the same period last year, the company posted $0.20 EPS. View Avid Technology's Earnings History.
Who are some of Avid Technology's key competitors?
Some companies that are related to Avid Technology include Emulex (ELX), Silicon Image (SIMG), Care.com (CRCM), Opower (OPWR), Impinj (PI), E Commerce China Dangdang (DANG), Sandvine (SVC), AO World plc (AO), ShoreTel (SHOR), Actua Corporation (ACTA), MagnaChip Semiconductor Corporation (MX), Mavenir Systems (MVNR), Xactly Corp (XTLY), SciQuest (SQI), Imprivata (IMPR), Model N (MODN), Digimarc Corporation (DMRC) and Gocompare.Com Group PLC (GOCO).
Who are Avid Technology's key executives?
Avid Technology's management team includes the folowing people:
- Louis Hernandez Jr., Chairman of the Board, Chief Executive Officer (Age 50)
- Jeff Rosica, President (Age 54)
- Brian E. Agle, Chief Financial Officer, Senior Vice President (Age 54)
- Jason A. Duva, Vice President, General Counsel, Corporate Secretary (Age 42)
- Ilan Sidi, Vice President - Human Resources (Age 45)
- Nancy Hawthorne, Lead Independent Director (Age 66)
- Robert M. Bakish, Independent Director (Age 53)
- Paula E. Boggs, Independent Director (Age 53)
- Elizabeth M. Daley Ph.D., Independent Director (Age 71)
- John H. Park, Independent Director (Age 47)
Who owns Avid Technology stock?
Avid Technology's stock is owned by a number of of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (4.38%), Russell Investments Group Ltd. (2.29%), Royce & Associates LP (1.40%), California Public Employees Retirement System (0.65%), GSA Capital Partners LLP (0.62%) and Oppenheimer Asset Management Inc. (0.48%). Company insiders that own Avid Technology stock include Ilan Sidi, John W Frederick, Louis Hernandez Jr, Louis Hernandez, Jr, Paula Boggs and Ryan H Murray. View Institutional Ownership Trends for Avid Technology.
Who sold Avid Technology stock? Who is selling Avid Technology stock?
Avid Technology's stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., GSA Capital Partners LLP, Dimensional Fund Advisors LP and OxFORD Asset Management LLP. View Insider Buying and Selling for Avid Technology.
Who bought Avid Technology stock? Who is buying Avid Technology stock?
Avid Technology's stock was acquired by a variety of institutional investors in the last quarter, including Royce & Associates LP, West Coast Financial LLC, Oppenheimer Asset Management Inc., California Public Employees Retirement System, Trexquant Investment LP and Dynamic Technology Lab Private Ltd. Company insiders that have bought Avid Technology stock in the last two years include Ilan Sidi, Louis Hernandez Jr, Louis Hernandez, Jr, Paula Boggs and Ryan H Murray. View Insider Buying and Selling for Avid Technology.
How do I buy Avid Technology stock?
Shares of Avid Technology 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, Scottrade, Fidelity and Charles Schwab.
What is Avid Technology's stock price today?
One share of Avid Technology stock can currently be purchased for approximately $7.05.
How big of a company is Avid Technology?
Avid Technology has a market capitalization of $290.36 million and generates $511.93 million in revenue each year. The technology company earns $48.21 million in net income (profit) each year or ($0.18) on an earnings per share basis. Avid Technology employs 1,591 workers across the globe.
How can I contact Avid Technology?
Avid Technology's mailing address is 75 Network Dr, BURLINGTON, MA 01803-2756, United States. The technology company can be reached via phone at +1-978-6403241 or via email at [email protected]
MarketBeat Community Rating for Avid Technology (AVID)MarketBeat's community ratings are surveys of what our community members think about Avid Technology and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Analysts' Consensus Rating for Avid Technology (NASDAQ:AVID) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||0 Sell Ratings, 1 Hold Rating, 0 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Hold (Score: 2.00)|
|Analysts' Consensus Price Target: ||N/A|
Consensus Price Target History for Avid Technology (NASDAQ:AVID)
Analysts' Ratings History for Avid Technology (NASDAQ:AVID)
(Data available from 11/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|1/31/2017||BWS Financial||Downgrade||Buy -> Hold||N/A|
|12/9/2015||Singular Research||Initiated Coverage||Buy||$8.50||N/A|
Earnings History and Estimates Chart for Avid Technology (NASDAQ:AVID)
Earnings History by Quarter for Avid Technology (NASDAQ AVID)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|5/10/2017||Q1 17||$0.05||$0.02||$105.72 million||$104.10 million||View||N/A|
|3/15/2016||Q415||$0.36||($0.11)||$144.02 million||$140.00 million||View||Listen|
|11/5/2015||Q3 2015||$0.49||$0.41||$127.23 million||$137.44 million||View||N/A|
|8/10/2015||Q215||$0.20||$0.05||$124.74 million||$109.80 million||View||N/A|
|3/16/2015||Q414||$0.22||$0.06||$141.67 million||$128.20 million||View||N/A|
|10/29/2012||Q312||($0.08)||($0.08)||$133.09 million||$127.20 million||View||N/A|
Earnings Estimates for Avid Technology (NASDAQ:AVID)
2017 EPS Consensus Estimate: $0.41
2018 EPS Consensus Estimate: $0.23
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for Avid Technology (NASDAQ:AVID)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Avid Technology (NASDAQ AVID)
Insider Ownership Percentage: 7.50%
Institutional Ownership Percentage: 72.38%
Insider Trades by Quarter for Avid Technology (NASDAQ AVID)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|6/14/2017||Louis Hernandez, Jr.||CEO||Buy||136,653||$4.99||$681,898.47|| |
|6/13/2017||Louis Hernandez, Jr.||CEO||Buy||141,447||$5.00||$707,235.00|| |
|6/2/2017||Ryan H. Murray||Insider||Sell||9,500||$5.13||$48,735.00|| |
|8/16/2016||John W Frederick||CFO||Sell||457,506||$9.09||$4,158,729.54|| |
|6/2/2016||Paula Boggs||Director||Buy||16,500||$6.15||$101,475.00|| |
|5/17/2016||Louis Hernandez Jr||CEO||Buy||69,000||$5.97||$411,930.00|| |
|5/16/2016||Louis Hernandez Jr||CEO||Buy||100,000||$5.80||$580,000.00|| |
|5/10/2016||Ilan Sidi||CFO||Buy||10,000||$5.67||$56,700.00|| |
|5/9/2016||Louis Hernandez Jr||CEO||Buy||150,000||$5.76||$864,000.00|| |
|5/9/2016||Ryan H Murray||Insider||Buy||9,263||$5.57||$51,594.91|| |
|11/10/2015||Robert M Bakish||Director||Buy||40,000||$6.14||$245,600.00|| |
|10/12/2015||Aiv A L.P. Bcp III||Major Shareholder||Sell||100,000||$8.49||$849,000.00|| |
|10/8/2015||Aiv A L.P. Bcp III||Major Shareholder||Sell||189,300||$8.27||$1,565,511.00|| |
|10/5/2015||Aiv A L.P. Bcp III||Major Shareholder||Sell||31,303||$8.02||$251,050.06|| |
|9/30/2015||Aiv A L.P. Bcp III||Major Shareholder||Sell||250,778||$8.01||$2,008,731.78|| |
|9/15/2015||George H Billings||Director||Buy||10,000||$8.70||$87,000.00|| |
|8/25/2015||Robert M Bakish||Director||Buy||100,000||$7.99||$799,000.00|| |
|8/13/2015||John W Frederick||CFO||Buy||10,000||$9.70||$97,000.00|| |
|8/13/2015||Louis Hernandez Jr||CEO||Buy||20,000||$9.42||$188,400.00|| |
|6/3/2015||George H Billings||Director||Buy||10,000||$17.84||$178,400.00|| |
|5/27/2015||Robert M Bakish||Director||Buy||50,000||$16.97||$848,500.00|| |
|5/20/2015||Robert M Bakish||Director||Buy||50,000||$16.14||$807,000.00|| |
|5/12/2015||Robert M Bakish||Director||Buy||100,000||$15.33||$1,533,000.00|| |
|12/4/2014||Robert M Bakish||Director||Buy||57,000||$13.94||$794,580.00|| |
|12/2/2014||Robert M Bakish||Director||Buy||62,000||$12.67||$785,540.00|| |
|11/26/2014||Robert M Bakish||Director||Buy||30,000||$12.13||$363,900.00|| |
|11/25/2014||Robert M Bakish||Director||Buy||60,000||$12.11||$726,600.00|| |
|11/21/2014||Robert M Bakish||Director||Buy||40,000||$11.44||$457,600.00|| |
|12/10/2012||Robert M Bakish||Director||Buy||10,000||$6.82||$68,200.00|| |
|11/28/2012||Robert M Bakish||Director||Buy||10,000||$6.28||$62,800.00|| |
Latest Headlines for Avid Technology (NASDAQ AVID)
|Avid Technology (AVID) vs. Its Peers Financial Analysis|
www.americanbankingnews.com - November 22 at 1:12 AM
|Avid Technology, Inc. (AVID) Lifted to "Buy" at ValuEngine|
www.americanbankingnews.com - November 22 at 12:56 AM
|Reviewing Avid Technology (AVID) and The Competition|
www.americanbankingnews.com - November 21 at 11:20 AM
|Head to Head Comparison: Avid Technology (AVID) vs. The Competition|
www.americanbankingnews.com - November 21 at 7:42 AM
|Head-To-Head Survey: Stratasys (SSYS) vs. Avid Technology (AVID)|
www.americanbankingnews.com - November 20 at 1:40 PM
|Head-To-Head Review: Avid Technology (AVID) versus Its Rivals|
www.americanbankingnews.com - November 17 at 7:15 PM
|Avid’s New Video-over-IP Interface Delivers More Flexible and Efficient Connectivity|
finance.yahoo.com - November 16 at 11:38 AM
|Avid Technology, Inc. (AVID) Stock Rating Upgraded by Zacks Investment Research|
www.americanbankingnews.com - November 15 at 7:48 PM
|FY2018 Earnings Estimate for Avid Technology, Inc. Issued By Dougherty & Co (AVID)|
www.americanbankingnews.com - November 15 at 1:38 PM
|Avid Technology (AVID) to Buyback $100.00 million in Outstanding Shares|
www.americanbankingnews.com - November 15 at 11:38 AM
|Avid Technology (AVID) Board of Directors Declares Share Buyback Program|
www.americanbankingnews.com - November 15 at 11:37 AM
|Avid Technology (AVID) Announces Share Buyback Plan|
www.americanbankingnews.com - November 15 at 11:37 AM
| Avid Technology, Inc. (AVID) Receives Consensus Rating of "Hold" from Analysts|
www.americanbankingnews.com - November 14 at 7:16 PM
|Avid reports 1Q loss|
marketbeat.com - May 10 at 7:04 AM
|AVID TECHNOLOGY, INC. Files SEC form 8-K, Submission of Matters to a Vote of Security Holders|
biz.yahoo.com - May 23 at 5:10 PM
|EARNINGS SUMMARY: Details of Avid Technology Inc Q1 Earnings Report|
www.rttnews.com - May 5 at 7:50 AM
|AVID TECHNOLOGY, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Regulation FD Disclosure, Fi|
biz.yahoo.com - May 4 at 5:07 PM
|AVID TECHNOLOGY, INC. Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits|
biz.yahoo.com - April 28 at 4:53 PM
|G-Technology Offers New Network Attached Storage Solution For Content Creators|
www.prnewswire.com - April 18 at 8:43 AM
|Avid Integrates Aspera FASP to Enable High-speed Transfers for Global Media Asset Management|
globenewswire.com - April 14 at 1:08 PM
|Avid Technology (AVID) CFO Frederick Resigns|
www.streetinsider.com - April 13 at 1:56 PM
|Avid Technology CFO to resign amid company restructuring, layoffs|
www.bizjournals.com - April 13 at 9:55 AM
|AVID TECHNOLOGY, INC. Files SEC form 8-K, Change in Directors or Principal Officers|
biz.yahoo.com - April 13 at 8:30 AM
Avid Technology (NASDAQ AVID) Chart for Wednesday, November, 22, 2017