Avid Technology Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avid Technology in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Avid Technology stock.
View analyst ratings for Avid Technology or view top-rated stocks.

Wall Street analysts have given Avid Technology a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Avid Technology wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Avid Technology is scheduled to release its next quarterly earnings announcement on Monday, August 2nd 2021.
View our earnings forecast for Avid Technology.

Avid Technology, Inc. (NASDAQ:AVID) announced its earnings results on Tuesday, May, 4th. The technology company reported $0.28 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.21 by $0.07. The technology company had revenue of $94.36 million for the quarter, compared to analysts' expectations of $90.84 million. Avid Technology had a negative trailing twelve-month return on equity of 24.90% and a net margin of 5.78%.
View Avid Technology's earnings history.

Avid Technology's stock was trading at $7.22 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, AVID shares have increased by 442.8% and is now trading at $39.19.
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Avid Technology issued an update on its FY 2021 earnings guidance on Wednesday, May, 26th. The company provided earnings per share (EPS) guidance of 1.050-1.270 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.140. The company issued revenue guidance of $382 million-$402 million, compared to the consensus revenue estimate of $390.23 million.

4 brokers have issued 12 month price objectives for Avid Technology's shares. Their forecasts range from $8.00 to $30.00. On average, they expect Avid Technology's stock price to reach $20.75 in the next year. This suggests that the stock has a possible downside of 47.1%.
View analysts' price targets for Avid Technology or view top-rated stocks among Wall Street analysts.

Some companies that are related to Avid Technology include Apple (AAPL), Dell Technologies (DELL), HP (HPQ), NCR (NCR), 3D Systems (DDD), Stratasys (SSYS), Diebold Nixdorf (DBD) and Kopin (KOPN).
View all of AVID's competitors.

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), Square (SQ), The Boeing (BA), Marvell Technology (MRVL), The Walt Disney (DIS), Micron Technology (MU) and Cisco Systems (CSCO).

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

Avid Technology's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (5.30%), Gilder Gagnon Howe & Co. LLC (4.66%), Royce & Associates LP (4.37%), Acadian Asset Management LLC (3.24%), Dimensional Fund Advisors LP (3.00%) and Rubric Capital Management LP (2.66%). Company insiders that own Avid Technology stock include Christian Asmar, Dana Ruzicka, Kenneth L Gayron, Nancy Hawthorne, Timothy Claman and Tom J A Cordiner.
View institutional ownership trends for Avid Technology.

AVID stock was sold by a variety of institutional investors in the last quarter, including Arrowstreet Capital Limited Partnership, EVR Research LP, Russell Investments Group Ltd., Teton Advisors Inc., Gamco Investors INC. ET AL, Gabelli Funds LLC, EAM Global Investors LLC, and D. E. Shaw & Co. Inc.. Company insiders that have sold Avid Technology company stock in the last year include Dana Ruzicka, Kenneth L Gayron, Nancy Hawthorne, Timothy Claman, and Tom J A Cordiner.
View insider buying and selling activity for Avid Technology or view top insider-selling stocks.

AVID stock was acquired by a variety of institutional investors in the last quarter, including Gilder Gagnon Howe & Co. LLC, Royce & Associates LP, Rubric Capital Management LP, Nishkama Capital LLC, Herald Investment Management Ltd, Assenagon Asset Management S.A., Advisory Research Inc., and Morgan Stanley.
View insider buying and selling activity for Avid Technology or or view top insider-buying stocks.

Shares of AVID 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 $39.19.

Avid Technology has a market capitalization of $1.77 billion and generates $360.47 million in revenue each year. The technology company earns $11.06 million in net income (profit) each year or $0.46 on an earnings per share basis.

Avid Technology employs 1,362 workers across the globe.

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.

Avid Technology was founded in 1987.

The official website for Avid Technology is www.avid.com.

Avid Technology is headquartered at 75 NETWORK DRIVE, BURLINGTON MA, 01803.

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]