NASDAQ:AVID - Avid Technology Stock Price, News, & Analysis

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$7.72 -0.27 (-3.38 %)
(As of 04/24/2019 04:00 PM ET)
Previous Close$7.99
Today's Range$7.65 - $8.00
52-Week Range$4.33 - $9.08
Volume13,381 shs
Average Volume355,758 shs
Market Capitalization$324.25 million
P/E Ratio64.50
Dividend YieldN/A
Beta1.88
Avid Technology, Inc. develops, markets, sells, and supports software, hardware, and integrated solutions for video and audio content creation, management, and distribution worldwide. The company's video products and solutions include the Media Composer, which is used to edit video content, such as television programming, commercials, and films; Avid NEXIS shared storage systems; and Maestro product line solutions for the integration of virtual sets, augmented reality, and video wall control into existing workflows. Its audio products and solutions include Pro Tools digital audio software solutions to facilitate the audio production process, including music and sound creation, recording, editing, signal processing, integrated surround mixing and mastering, and reference video playback; Sibelius, which allows users to create, edit, and publish musical scores; S6 that offers complementary control surfaces and consoles; and VENUE | S6L live-sound systems. 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 service contracts and support plans; 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. Avid Technology, Inc. was incorporated in 1987 and is headquartered in Burlington, Massachusetts.

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Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryComputer Hardware
SectorComputer and Technology
Current SymbolNASDAQ:AVID
CUSIP05367P10
Phone978-640-6789

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$413.28 million
Cash Flow$0.6231 per share
Book Value($3.98) per share

Profitability

Net Income$-10,670,000.00

Miscellaneous

Employees1,446
Market Cap$324.25 million
Next Earnings Date5/6/2019 (Confirmed)
OptionableOptionable

Avid Technology (NASDAQ:AVID) Frequently Asked Questions

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 earnings results on Thursday, March, 14th. The technology company reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.16 by $0.08. The technology company had revenue of $112.70 million for the quarter, compared to analysts' expectations of $110.43 million. Avid Technology had a negative net margin of 2.58% and a negative return on equity of 4.14%. The firm's quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the company posted $0.15 earnings per share. View Avid Technology's Earnings History.

When is Avid Technology's next earnings date?

Avid Technology is scheduled to release their next quarterly earnings announcement on Monday, May 6th 2019. View Earnings Estimates for Avid Technology.

How can I listen to Avid Technology's earnings call?

Avid Technology will be holding an earnings conference call on Monday, May 6th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 3239942093.

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

Avid Technology issued an update on its FY 2019 earnings guidance on Thursday, March, 14th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $420-430 million, compared to the consensus revenue estimate of $422.9 million.Avid Technology also updated its Q1 2019 guidance to EPS.

What price target have analysts set for AVID?

3 brokers have issued 12-month target prices for Avid Technology's shares. Their forecasts range from $5.00 to $6.00. On average, they anticipate Avid Technology's stock price to reach $5.50 in the next twelve months. This suggests that the stock has a possible downside of 28.8%. View Analyst Price Targets for Avid Technology.

What is the consensus analysts' recommendation for Avid Technology?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avid Technology in the last year. There are currently 1 sell rating and 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Avid Technology.

Has Avid Technology been receiving favorable news coverage?

News headlines about AVID stock have trended somewhat positive recently, according to InfoTrie. The research firm identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Avid Technology earned a news impact score of 0.9 on InfoTrie's scale. They also assigned news stories about the technology company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the next several days.

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 Opko Health (OPK), General Electric (GE), Cyberark Software (CYBR), TherapeuticsMD (TXMD), Alibaba Group (BABA), Snap (SNAP), Advanced Micro Devices (AMD), Covisint (COVS), FireEye (FEYE) and Corbus Pharmaceuticals (CRBP).

Who are Avid Technology's key executives?

Avid Technology's management team includes the folowing people:
  • Mr. Jeff Rosica, Pres, CEO & Director (Age 57)
  • Mr. Jason A. Duva, Chief Legal & Admin. Officer, Exec. VP and Corp. Sec. (Age 46)
  • Mr. Dana Ruzicka, Chief Product Officer & VP (Age 47)
  • Mr. Kenneth L. Gayron, Exec. VP & CFO (Age 49)
  • Mr. Ryan H. Murray, Chief Accounting Officer, VP of Fin. & Corp. Treasurer (Age 42)

Who are Avid Technology's major shareholders?

Avid Technology's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Heritage Investors Management Corp (0.02%). Company insiders that own Avid Technology stock include Louis Hernandez, Jr, Peter Ennis, Robert M Bakish and Ryan H Murray. View Institutional Ownership Trends for Avid Technology.

Which institutional investors are buying Avid Technology stock?

AVID stock was bought by a variety of institutional investors in the last quarter, including Heritage Investors Management Corp. Company insiders that have bought Avid Technology stock in the last two years include Louis Hernandez, Jr and Robert M Bakish. View Insider Buying and Selling for Avid Technology.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Avid Technology's stock price today?

One share of AVID stock can currently be purchased for approximately $7.72.

How big of a company is Avid Technology?

Avid Technology has a market capitalization of $324.25 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.

What is Avid Technology's official website?

The official website for Avid Technology is http://www.avid.com.

How can I contact Avid Technology?

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]


MarketBeat Community Rating for Avid Technology (NASDAQ AVID)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  211 (Vote Outperform)
Underperform Votes:  269 (Vote Underperform)
Total Votes:  480
MarketBeat's community ratings are surveys of what our community members think about Avid Technology and other stocks. Vote "Outperform" if you believe AVID will outperform the S&P 500 over the long term. Vote "Underperform" if you believe AVID will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 4/24/2019 by MarketBeat.com Staff

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