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NASDAQ:AVID

Avid Technology - AVID Stock Forecast, Price & News

$27.00
-1.45 (-5.10%)
(As of 12/6/2022 12:00 AM ET)
Add
Compare
Today's Range
$26.56
▼
$28.60
50-Day Range
$21.88
▼
$29.42
52-Week Range
$20.83
▼
$37.31
Volume
276,833 shs
Average Volume
412,102 shs
Market Capitalization
$1.18 billion
P/E Ratio
27.27
Dividend Yield
N/A
Price Target
$37.20

Avid Technology MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
37.8% Upside
$37.20 Price Target
Short Interest
Healthy
5.16% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.45
Upright™ Environmental Score
News Sentiment
1.07mentions of Avid Technology in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$836,386 Sold Last Quarter
Proj. Earnings Growth
19.09%
From $1.10 to $1.31 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.03 out of 5 stars

Computer And Technology Sector

30th out of 627 stocks

Prepackaged Software Industry

11th out of 220 stocks

See Top Rated MarketRank™ Stocks Here
AVID stock logo

About Avid Technology (NASDAQ:AVID) Stock

Avid Technology, Inc., together with its subsidiaries, develops, markets, sells, and supports software and integrated solutions for video and audio content creation, management, and distribution worldwide. The company's video products and solutions include the Media Composer, a cloud-enabled solution used to edit video content; Avid NEXIS shared storage systems; Maestro solutions for the integration of virtual sets, augmented reality, and video wall control into existing workflows; AirSpeed 5000 and AirSpeed 5500 on-air server solutions; and MediaCentral, a media production suite. Its audio products and solutions comprise Pro Tools digital audio software solutions to facilitate the audio production process; Sibelius solution to create, edit, and publish musical scores; S6 line of complementary control surfaces and consoles; S1 and S4 audio control surfaces; and VENUE | S6L live sound system for mixing audio for live sound reinforcement. 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 maintenance contracts and support services; 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. The company was incorporated in 1987 and is headquartered in Burlington, Massachusetts.

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AVID Stock News Headlines

December 6, 2022 | americanbankingnews.com
Analysts Set Avid Technology, Inc. (NASDAQ:AVID) PT at $37.20
December 1, 2022 | americanbankingnews.com
Avid Technology (NASDAQ:AVID) Stock Price Down 3%
November 30, 2022 | tmcnet.com
Denmark's Regional Broadcaster TV MIDTVEST Extends Strategic Engagement with Avid through MediaCentral | Flex Subscription
November 30, 2022 | finance.yahoo.com
Denmark’s Regional Broadcaster TV MIDTVEST Extends Strategic Engagement with Avid through MediaCentral | Flex Subscription
November 28, 2022 | finance.yahoo.com
Avid Promotes Technology Services Executive Deb Sanders to Chief Customer Officer
November 24, 2022 | benzinga.com
Massive Insider Trade At Avid Technology
November 16, 2022 | finance.yahoo.com
Avid Technology to Participate in Upcoming Investor Conferences
November 13, 2022 | finance.yahoo.com
Avid Outlines Official Product Support and Self-Help Resources to Help Users Avoid Imposter Activity on Twitter
November 10, 2022 | finance.yahoo.com
Avid Technology Third Quarter 2022 Earnings: EPS Beats Expectations, Revenues Lag
November 9, 2022 | markets.businessinsider.com
Planet Fitness To Surge Over 25%? Plus Morgan Stanley Cuts PT On This Stock By 50%
November 9, 2022 | seekingalpha.com
Avid Technology, Inc. (AVID) Q3 2022 Earnings Call Transcript
November 8, 2022 | finance.yahoo.com
Avid Technology (AVID) Surpasses Q3 Earnings Estimates
November 8, 2022 | finance.yahoo.com
Avid Technology Announces Q3 2022 Results
October 26, 2022 | money.usnews.com
Avid Technology, Inc.
October 25, 2022 | nasdaq.com
Avid Technology Shares Cross Above 200 DMA
October 25, 2022 | finance.yahoo.com
Avid Technology Announces Conference Call to Discuss Third Quarter 2022 Financial Results
October 25, 2022 | finance.yahoo.com
We Ran A Stock Scan For Earnings Growth And Avid Technology (NASDAQ:AVID) Passed With Ease
October 19, 2022 | finance.yahoo.com
Avid Celebrates the Return of Its Immensely Popular MBOX Desktop Interface to Enable Professional-Quality Music and Audio Creation and Recording at Home
October 19, 2022 | finance.yahoo.com
Avid Unveils Further Innovation for Music Creation with Sonically Exceptional Pro Tools | Carbon Pre Audio Interface
October 13, 2022 | finance.yahoo.com
Avid Technology Announces Amended Credit Facility Which Provides Incremental Flexibility to Support its Strategy and Growth Plans
October 10, 2022 | finance.yahoo.com
AVID Launches Pro Tools Intro Artist for New Music Makers
October 10, 2022 | finance.yahoo.com
TOMI to Install Custom Engineered Integrated iHP System in Avid Bioservices, Inc. Viral Vector Manufacturing Facility in California
October 7, 2022 | nasdaq.com
Avid Technology, Inc.'s (NASDAQ:AVID) Intrinsic Value Is Potentially 67% Above Its Share Price
October 7, 2022 | finance.yahoo.com
Avid Unveils Pro Tools Intro to Excite a New Generation of Music Makers
October 3, 2022 | finance.yahoo.com
AVID Introduces Pro Tools Upgrades for the Music Community
See More Headlines
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AVID Company Calendar

Last Earnings
11/08/2022
Today
12/06/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
3/07/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Prepackaged software
Sub-Industry
Computer Hardware
Sector
Computer and Technology
Current Symbol
NASDAQ:AVID
CUSIP
05367P10
CIK
896841
Web
www.avid.com
Phone
(978) 640-6789
Fax
978-640-3366
Employees
1,405
Year Founded
1987

Price Target and Rating

Average Stock Price Forecast
$37.20
High Stock Price Forecast
$53.00
Low Stock Price Forecast
$28.00
Forecasted Upside/Downside
+37.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$0.99
Trailing P/E Ratio
27.27
Forward P/E Ratio
24.55
P/E Growth
N/A
Net Income
$41.39 million
Net Margins
10.75%
Pretax Margin
11.21%
Return on Equity
-37.85%
Return on Assets
20.06%

Debt

Debt-to-Equity Ratio
N/A
Current Ratio
0.86
Quick Ratio
0.73

Sales & Book Value

Annual Sales
$409.94 million
Price / Sales
2.88
Cash Flow
$1.05 per share
Price / Cash Flow
25.63
Book Value
($2.76) per share
Price / Book
-9.78

Miscellaneous

Outstanding Shares
43,691,000
Free Float
40,895,000
Market Cap
$1.18 billion
Optionable
Optionable
Beta
1.20

Social Links


Key Executives

  • Mr. Jeff Rosica (Age 60)
    Pres, CEO & Director
    Comp: $1.25M
  • Mr. Kenneth L. GayronMr. Kenneth L. Gayron (Age 52)
    Exec. VP, CFO, Principal Financial Officer & Corp. Treasurer
    Comp: $620.82k
  • Mr. Kevin W. Riley (Age 51)
    CTO & Sr. VP
    Comp: $619.58k
  • Mr. Tom J. A. CordinerMr. Tom J. A. Cordiner (Age 52)
    Chief Revenue Officer & Sr. VP
    Comp: $803.54k
  • Mr. Dave Perillo
    Sr. VP of Operations & Supply Chain
  • Ms. Mariesa Victoria
    VP, Chief Accounting Officer & Principal Accounting Office
  • Mr. Whit Rappole
    VP of Corp. Devel. & Investor Relations
  • Ms. Alessandra Melloni
    Corp. Sec., Gen. Counsel, Chief Ethics and Compliance Officer & Sr. VP
  • Ms. Joyce Butler
    Chief HR Officer & SVP
  • Mr. Peter M. Ennis
    Sr. VP of Global Services & Support

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













AVID Stock - Frequently Asked Questions

Should I buy or sell Avid Technology stock right now?

4 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 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" AVID shares.
View AVID analyst ratings or view top-rated stocks.

What is Avid Technology's stock price forecast for 2023?

4 analysts have issued 12 month target prices for Avid Technology's stock. Their AVID share price forecasts range from $28.00 to $53.00. On average, they predict the company's stock price to reach $37.20 in the next twelve months. This suggests a possible upside of 37.8% from the stock's current price.
View analysts price targets for AVID or view top-rated stocks among Wall Street analysts.

How have AVID shares performed in 2022?

Avid Technology's stock was trading at $32.57 at the beginning of the year. Since then, AVID stock has decreased by 17.1% and is now trading at $26.99.
View the best growth stocks for 2022 here.

Are investors shorting Avid Technology?

Avid Technology saw a drop in short interest during the month of November. As of November 15th, there was short interest totaling 2,070,000 shares, a drop of 17.5% from the October 31st total of 2,510,000 shares. Based on an average daily trading volume, of 609,900 shares, the days-to-cover ratio is currently 3.4 days. Currently, 5.2% of the shares of the company are short sold.
View Avid Technology's Short Interest.

When is Avid Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 7th 2023.
View our AVID earnings forecast.

How were Avid Technology's earnings last quarter?

Avid Technology, Inc. (NASDAQ:AVID) posted its earnings results on Tuesday, November, 8th. The technology company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.06. The technology company earned $102.99 million during the quarter, compared to analysts' expectations of $105.35 million. Avid Technology had a negative trailing twelve-month return on equity of 37.85% and a net margin of 10.75%.

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

Avid Technology issued an update on its FY22 earnings guidance on Tuesday, November, 8th. The company provided earnings per share guidance of $1.40-1.50 for the period, compared to the consensus earnings per share estimate of $1.44. The company issued revenue guidance of $412-424 million, compared to the consensus revenue estimate of $434.27 million.

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 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).

What is Avid Technology's stock symbol?

Avid Technology trades on the NASDAQ under the ticker symbol "AVID."

Who are Avid Technology's major shareholders?

Avid Technology's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.38%), Royce & Associates LP (5.97%), Vanguard Group Inc. (5.70%), Dimensional Fund Advisors LP (2.84%), State Street Corp (2.72%) and Portolan Capital Management LLC (2.00%). Insiders that own company stock include Christian Asmar, Dana Ruzicka, Kenneth L Gayron, Marketing Services SAS Total, Nancy Hawthorne, Robert M Bakish, Robert M Bakish, Timothy Claman and Tom J A Cordiner.
View institutional ownership trends.

How do I buy shares of Avid Technology?

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.
Compare Top Brokerages Here.

What is Avid Technology's stock price today?

One share of AVID stock can currently be purchased for approximately $26.99.

How much money does Avid Technology make?

Avid Technology (NASDAQ:AVID) has a market capitalization of $1.18 billion and generates $409.94 million in revenue each year. The technology company earns $41.39 million in net income (profit) each year or $0.99 on an earnings per share basis.

How many employees does Avid Technology have?

The company employs 1,405 workers across the globe.

Does Avid Technology have any subsidiaries?
The following companies are subsidiares of Avid Technology: AVID CV LLC, AVID DEVELOPMENT GMBH, AVID GENERAL PARTNER B.V., AVID NORDIC A.B., AVID NORTH ASIA LIMITED, AVID SYSTEMS, AVID TECHNOLOGY (AUSTRALIA) PTY LTD, AVID TECHNOLOGY (BEIJING) CO., AVID TECHNOLOGY (INDIA) PRIVATE LIMITED, AVID TECHNOLOGY (S.E. ASIA) PTE LTD, AVID TECHNOLOGY C.V., AVID TECHNOLOGY CANADA CORP., AVID TECHNOLOGY EUROPE LIMITED, AVID TECHNOLOGY GMBH, AVID TECHNOLOGY HOLDING B.V., AVID TECHNOLOGY HOLDING GMBH, AVID TECHNOLOGY INTERNATIONAL B.V., AVID TECHNOLOGY K.K., AVID TECHNOLOGY MEXICO, AVID TECHNOLOGY S.A.R.L., AVID TECHNOLOGY S.L., AVID TECHNOLOGY SERVICES TAIWAN CO., AVID TECHNOLOGY WORLDWIDE, BLUE ORDER TECHNOLOGIES GMBH, Blue Order Solutions, DIGIDESIGN ITALY S.R.L., EUPHONIX EUROPE LIMITED, Euphonix, GETRIS SAS, INTEGRATED BROADCAST SERVICES LIMITED (IBIS), IVSM LIMITED, JIM LTD., Maximum Throughput, Medea, ORAD HI-TEC SYSTEMS (NORTH ASIA) LIMITED, ORAD HI-TEC SYSTEMS DEUTSCHLAND GMBH, ORAD HI-TEC SYSTEMS IBERIA SL, ORAD HI-TEC SYSTEMS LTD., ORAD HI-TEC SYSTEMS POLAND SP. Z.O.O, ORAD INC., ORAD NETHERLANDS B.V., ORADNET LTD., Orad Hi-Tech Systems, Pinnacle Systems, Rocket Network, Sibelius, Sundance Digital, and Wizoo.
Read More
How can I contact Avid Technology?

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.

This page (NASDAQ:AVID) was last updated on 12/6/2022 by MarketBeat.com Staff