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

$8.30
+0.08 (+0.97 %)
(As of 06/20/2019 03:41 AM ET)
Today's Range
$8.0206
Now: $8.30
$8.36
50-Day Range
$7.53
MA: $8.06
$9.26
52-Week Range
$4.37
Now: $8.30
$10.65
Volume375,018 shs
Average Volume433,879 shs
Market Capitalization$348.61 million
P/E Ratio69.17
Dividend YieldN/A
Beta1.72
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. Read More…

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$0.6742 per share
Book Value($3.98) per share

Profitability

Net Income$-10,670,000.00

Miscellaneous

Employees1,446
Market Cap$348.61 million
Next Earnings Date8/8/2019 (Estimated)
OptionableOptionable

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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) announced its earnings results on Monday, May, 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.04. The technology company had revenue of $103.32 million for the quarter, compared to analysts' expectations of $100.78 million. Avid Technology had a negative return on equity of 7.54% and a negative net margin of 0.46%. The business's revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the firm posted ($0.06) 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 Thursday, August 8th 2019. View Earnings Estimates for Avid Technology.

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

Avid Technology updated its second quarter 2019 earnings guidance on Monday, May, 6th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $97-105 million, compared to the consensus revenue estimate of $101.99 million.Avid Technology also updated its FY 2019 guidance to EPS.

What price target have analysts set for AVID?

4 Wall Street analysts have issued 1 year price objectives for Avid Technology's stock. Their predictions range from $5.00 to $14.00. On average, they expect Avid Technology's stock price to reach $9.1667 in the next twelve months. This suggests a possible upside of 10.4% from the stock's current price. View Analyst Price Targets for Avid Technology.

What is the consensus analysts' recommendation 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, 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Avid Technology.

What are Wall Street analysts saying about Avid Technology stock?

Here are some recent quotes from research analysts about Avid Technology stock:
  • 1. Maxim Group analysts commented, "Impressed with CEO Jeff Rosica’s balanced message to investors. Audio poised to turnaround. Greater detail on cost savings give us confidence AVID will minimally meet our estimates. Reiterating Buy rating and 12-month price target of $14." (6/7/2019)
  • 2. According to Zacks Investment Research, "Avid Technology, Inc. develops, markets, sells and supports a wide range of software and systems for creating and manipulating digital media content. Digital media are media elements, whether video or audio or graphics, in which the image, sound or picture is recorded and stored as digital values, as opposed to analog signals. The company's systems are designed to improve the productivity of video and film editors by enabling them to edit moving pictures and sound in a faster, easier, and more cost-effective manner than traditional analog tape-based systems. " (5/15/2019)

Has Avid Technology been receiving favorable news coverage?

Media coverage about AVID stock has been trending neutral on Thursday, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Avid Technology earned a coverage optimism score of 0.2 on InfoTrie's scale. They also assigned news articles about the technology company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the immediate future. View News Stories for Avid Technology.

Are investors shorting Avid Technology?

Avid Technology saw a increase in short interest in the month of May. As of May 31st, there was short interest totalling 3,338,700 shares, an increase of 8.4% from the April 30th total of 3,081,100 shares. Based on an average daily trading volume, of 650,000 shares, the short-interest ratio is presently 5.1 days. Approximately 9.0% of the company's shares are short sold. View Avid Technology's Current Options Chain.

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), Cyberark Software (CYBR), TherapeuticsMD (TXMD), General Electric (GE), Covisint (COVS), Snap (SNAP), FireEye (FEYE), Alibaba Group (BABA), Advanced Micro Devices (AMD) 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. Kenneth L. Gayron, Exec. VP & CFO (Age 49)
  • Mr. Jason A. Duva, Exec. VP and Chief Legal & Admin. Officer (Age 46)
  • Mr. Tom J. A. Cordiner, Sr. VP & Chief Revenue Officer (Age 49)
  • Mr. Dana Ruzicka, Sr. VP & Chief Product Officer (Age 47)

Who are Avid Technology's major shareholders?

Avid Technology's stock is owned by many different of institutional and retail investors. Top institutional investors include Cove Street Capital LLC (13.36%), Royce & Associates LP (3.53%), Private Capital Management LLC (2.29%), Teton Advisors Inc. (0.62%), Gabelli Funds LLC (0.50%) and Acadian Asset Management LLC (0.24%). Company insiders that own Avid Technology stock include Peter Ennis, Robert M Bakish and Ryan H Murray. View Institutional Ownership Trends for Avid Technology.

Which major investors are selling Avid Technology stock?

AVID stock was sold by a variety of institutional investors in the last quarter, including Cove Street Capital LLC, Private Capital Management LLC, Royce & Associates LP, Spark Investment Management LLC and Alambic Investment Management L.P.. Company insiders that have sold Avid Technology company stock in the last year include Peter Ennis and Ryan H Murray. View Insider Buying and Selling for Avid Technology.

Which major investors are buying Avid Technology stock?

AVID stock was purchased by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, Gabelli Funds LLC, Teton Advisors Inc., Gamco Investors INC. ET AL, Connor Clark & Lunn Investment Management Ltd., Marshall Wace LLP, Algert Global LLC and Heritage Investors Management Corp. 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 $8.30.

How big of a company is Avid Technology?

Avid Technology has a market capitalization of $348.61 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.

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:  215 (Vote Outperform)
Underperform Votes:  274 (Vote Underperform)
Total Votes:  489
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 6/20/2019 by MarketBeat.com Staff

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