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

$9.24
+0.26 (+2.90 %)
(As of 02/18/2020 07:36 AM ET)
Today's Range
$8.90
Now: $9.24
$9.57
50-Day Range
$8.05
MA: $8.69
$9.24
52-Week Range
$4.37
Now: $9.24
$10.79
Volume250,065 shs
Average Volume159,839 shs
Market Capitalization$397.78 million
P/E RatioN/A
Dividend YieldN/A
Beta1.95
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$0.62 per share
Book Value($3.98) per share

Profitability

Net Income$-10,670,000.00

Miscellaneous

Employees1,446
Market Cap$397.78 million
Next Earnings Date3/12/2020 (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 Thursday, August, 9th. The technology company reported ($0.10) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.08) by $0.02. The technology company earned $98.62 million during the quarter, compared to analyst estimates of $98.27 million. Avid Technology had a negative net margin of 0.46% and a negative return on equity of 10.84%. The business's quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.26) 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, March 12th 2020. View Earnings Estimates for Avid Technology.

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

Avid Technology updated its FY 2019 After-Hours earnings guidance on Monday, November, 25th. The company provided earnings per share (EPS) guidance of $0.50-0.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.54. The company issued revenue guidance of $$405-415 million, compared to the consensus revenue estimate of $$410.4 million.

What price target have analysts set for AVID?

4 Wall Street analysts have issued twelve-month price objectives for Avid Technology's shares. Their forecasts range from $5.00 to $14.00. On average, they anticipate Avid Technology's stock price to reach $9.38 in the next twelve months. This suggests a possible upside of 1.5% 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, 1 hold rating and 2 buy 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 stories about AVID stock have been trending very negative this week, according to InfoTrie. The research firm identifies negative and positive press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Avid Technology earned a media sentiment score of -3.0 on InfoTrie's scale. They also assigned news coverage about the technology company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near future. View News Stories for Avid Technology.

Are investors shorting Avid Technology?

Avid Technology saw a increase in short interest in the month of January. As of January 15th, there was short interest totalling 2,740,000 shares, an increase of 5.4% from the December 31st total of 2,600,000 shares. Based on an average daily trading volume, of 283,900 shares, the days-to-cover ratio is presently 9.7 days. Approximately 8.0% of the shares of the company are sold short. 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), Advanced Micro Devices (AMD), FireEye (FEYE), TherapeuticsMD (TXMD), Corbus Pharmaceuticals (CRBP), Snap (SNAP), AT&T (T), Verizon Communications (VZ), Viking Therapeutics (VKTX) and General Electric (GE).

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 retail and institutional investors. Top institutional shareholders include Cove Street Capital LLC (4.86%), Royce & Associates LP (4.24%), Acadian Asset Management LLC (2.85%), AQR Capital Management LLC (1.98%), Renaissance Technologies LLC (1.65%) and Cooper Creek Partners Management LLC (1.60%). Company insiders that own Avid Technology stock include Peter Ennis and Ryan H Murray. View Institutional Ownership Trends for Avid Technology.

Which institutional investors are selling Avid Technology stock?

AVID stock was sold by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Oxford Asset Management LLP, Connor Clark & Lunn Investment Management Ltd., Cadence Capital Management LLC, Panagora Asset Management Inc., State Street Corp, New York State Common Retirement Fund and Hennessy Advisors Inc.. View Insider Buying and Selling for Avid Technology.

Which institutional investors are buying Avid Technology stock?

AVID stock was purchased by a variety of institutional investors in the last quarter, including Cooper Creek Partners Management LLC, Acadian Asset Management LLC, Jacobs Levy Equity Management Inc., Russell Investments Group Ltd., Renaissance Technologies LLC, Globeflex Capital L P, UBS Group AG and Goldman Sachs Group Inc.. 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, Robinhood, Fidelity and Charles Schwab.

What is Avid Technology's stock price today?

One share of AVID stock can currently be purchased for approximately $9.24.

How big of a company is Avid Technology?

Avid Technology has a market capitalization of $397.78 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:  249 (Vote Outperform)
Underperform Votes:  316 (Vote Underperform)
Total Votes:  565
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 2/18/2020 by MarketBeat.com Staff

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