NASDAQ:AVID

Avid Technology Stock Forecast, Price & News

$22.50
+0.14 (+0.63 %)
(As of 04/13/2021 12:21 PM ET)
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Today's Range
$21.83
Now: $22.50
$22.53
50-Day Range
$18.77
MA: $20.54
$22.32
52-Week Range
$4.67
Now: $22.50
$24.47
Volume7,731 shs
Average Volume528,894 shs
Market Capitalization$1.01 billion
P/E Ratio52.33
Dividend YieldN/A
Beta1.3
Avid Technology, Inc. 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 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. The company was incorporated in 1987 and is headquartered in Burlington, Massachusetts.
Avid Technology logo

Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryComputer Hardware
Current SymbolNASDAQ:AVID
CUSIP05367P10
Phone978-640-6789
Employees1,362
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$411.79 million
Cash Flow$0.95 per share
Book Value($3.60) per share

Profitability

Net Income$7.60 million

Miscellaneous

Market Cap$1.01 billion
Next Earnings Date5/6/2021 (Estimated)
OptionableOptionable

Headlines

Avid Technology (NASDAQ:AVID) Shares Gap Up to $21.58
April 8, 2021 |  americanbankingnews.com
How The Pieces Add Up: VGT Targets $405
March 30, 2021 |  nasdaq.com
Avid Technology (NASDAQ:AVID) Trading Up 4.4%
March 23, 2021 |  americanbankingnews.com
Recap: Avid Technology Q4 Earnings
March 9, 2021 |  benzinga.com
Avid: Q4 Earnings Snapshot
March 9, 2021 |  finance.yahoo.com
Avid Technology Announces Q4 and FY 2020 Results
March 9, 2021 |  finance.yahoo.com
Here's what Wall Street expects from Avid Technology's earnings
March 7, 2021 |  markets.businessinsider.com
See More Headlines

MarketRank

Overall MarketRank

1.57 out of 5 stars

Computer And Technology Sector

291st out of 1,549 stocks

Prepackaged Software Industry

59th out of 284 stocks

Analyst Opinion: 1.5Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
$22.50
+0.14 (+0.63 %)
(As of 04/13/2021 12:21 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Avid Technology (NASDAQ:AVID) Frequently Asked Questions

Is Avid Technology a buy right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avid Technology in the last twelve months. 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.

What stocks does MarketBeat like better than Avid Technology?

Wall Street analysts have given Avid Technology a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Avid Technology wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Avid Technology's next earnings date?

Avid Technology is scheduled to release its next quarterly earnings announcement on Thursday, May 6th 2021.
View our earnings forecast for Avid Technology
.

How were Avid Technology's earnings last quarter?

Avid Technology, Inc. (NASDAQ:AVID) announced its quarterly earnings results on Monday, March, 8th. The technology company reported $0.33 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.26 by $0.07. The technology company earned $104.30 million during the quarter, compared to the consensus estimate of $105.14 million. Avid Technology had a net margin of 5.19% and a negative trailing twelve-month return on equity of 11.17%.
View Avid Technology's earnings history
.

How has Avid Technology's stock been impacted by Coronavirus?

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 210.0% and is now trading at $22.38.
View which stocks have been most impacted by COVID-19
.

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

Avid Technology issued an update on its first quarter 2021 After-Hours earnings guidance on Tuesday, March, 9th. The company provided earnings per share (EPS) guidance of 0.17-0.24 for the period, compared to the Thomson Reuters consensus estimate of $0.20. The company issued revenue guidance of $88-94 million, compared to the consensus revenue estimate of $93.69 million.

What price target have analysts set for AVID?

4 analysts have issued 12 month price targets for Avid Technology's stock. Their forecasts range from $8.00 to $25.00. On average, they anticipate Avid Technology's stock price to reach $19.50 in the next year. This suggests that the stock has a possible downside of 12.9%.
View analysts' price targets for Avid Technology
or view top-rated stocks among Wall Street analysts.

Who are Avid Technology's key executives?

Avid Technology's management team includes the following people:
  • Mr. Jeff Rosica, Pres, CEO & Director (Age 59, Pay $714.23k)
  • Mr. Kenneth L. Gayron, Exec. VP & CFO (Age 51, Pay $429.24k)
  • Mr. Tom J. A. Cordiner, Sr. VP & Chief Revenue Officer (Age 50, Pay $445.1k)
  • Mr. Dana Ruzicka, Sr. VP and GM of Audio & Music Solutions (Age 49, Pay $382.05k)
  • Mr. Dave Perillo, Sr. VP of Operations & Supply Chain
  • Mr. Garrard Brown, VP & Chief Accounting Officer (Age 38)
  • Mr. Kevin W. Riley, CTO and SVP of Technology & Innovation (Age 50)
  • Mr. Whit Rappole, VP of Corp. Devel. & Investor Relations
  • Ms. Alessandra Melloni, Corp. Sec., Gen. Counsel, Chief Ethics and Compliance Officer & Sr. VP
  • Ms. Diana Brunelle, Chief HR Officer & Sr. VP

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 NVIDIA (NVDA), Advanced Micro Devices (AMD), OPKO Health (OPK), QUALCOMM (QCOM), Square (SQ), The Boeing (BA), Marvell Technology Group (MRVL), The 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."

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 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 $22.38.

How much money does Avid Technology make?

Avid Technology has a market capitalization of $1.01 billion and generates $411.79 million in revenue each year. The technology company earns $7.60 million in net income (profit) each year or $0.36 on an earnings per share basis.

How many employees does Avid Technology have?

Avid Technology employs 1,362 workers across the globe.

What is Avid Technology's official website?

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

Where are Avid Technology's headquarters?

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

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]


This page was last updated on 4/13/2021 by MarketBeat.com Staff
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