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DOW   30,996.98
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S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
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NASDAQ:AVID

Avid Technology Stock Forecast, Price & News

$18.35
+0.65 (+3.67 %)
(As of 01/22/2021 12:00 AM ET)
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Today's Range
$17.60
Now: $18.35
$18.43
50-Day Range
$13.19
MA: $14.99
$17.70
52-Week Range
$4.67
Now: $18.35
$18.43
Volume877,022 shs
Average Volume480,635 shs
Market Capitalization$811.22 million
P/E Ratio42.67
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; 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

MarketRank

Overall MarketRank

1.57 out of 5 stars

Computer And Technology Sector

248th out of 1,509 stocks

Prepackaged Software Industry

48th out of 284 stocks

Analyst Opinion: 1.5Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryComputer Hardware
Current SymbolNASDAQ:AVID
CUSIP05367P10
Phone978-640-6789
Employees1,429

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$411.79 million
Cash Flow$0.77 per share
Book Value($3.60) per share

Profitability

Net Income$7.60 million

Miscellaneous

Market Cap$811.22 million
Next Earnings Date3/8/2021 (Estimated)
OptionableOptionable
$18.35
+0.65 (+3.67 %)
(As of 01/22/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Avid Technology (NASDAQ:AVID) Frequently Asked Questions

How has Avid Technology's stock price been impacted by COVID-19?

Avid Technology's stock was trading at $7.22 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, AVID shares have increased by 154.2% and is now trading at $18.35.
View which stocks have been most impacted by COVID-19
.

Is Avid Technology a buy right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avid Technology in the last year. There are currently 3 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 MarketBeat's top 5 stock picks.

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 Monday, March 8th 2021.
View our earnings forecast for Avid Technology
.

How were Avid Technology's earnings last quarter?

Avid Technology, Inc. (NASDAQ:AVID) released its quarterly earnings results on Monday, November, 2nd. The technology company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.13. The technology company had revenue of $90.43 million for the quarter, compared to the consensus estimate of $83.39 million. Avid Technology had a negative trailing twelve-month return on equity of 11.17% and a net margin of 5.19%.
View Avid Technology's earnings history
.

What price target have analysts set for AVID?

3 equities research analysts have issued 12-month price targets for Avid Technology's stock. Their forecasts range from $8.00 to $23.00. On average, they anticipate Avid Technology's share price to reach $16.50 in the next year. This suggests that the stock has a possible downside of 10.1%.
View analysts' price targets for Avid Technology
or view Wall Street analyst' top-rated stocks.

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).

Who are Avid Technology's key executives?

Avid Technology's management team includes the following people:
  • Mr. Jeff Rosica, Pres, CEO & Director (Age 58, Pay $714.23k)
  • Mr. Kenneth L. Gayron, Exec. VP & CFO (Age 50, 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 48, Pay $382.05k)
  • Mr. Dave Perillo, Sr. VP of Operations & Supply Chain
  • Mr. Garrard Brown, VP & Chief Accounting Officer (Age 37)
  • Mr. Kevin W. Riley, CTO and SVP of Technology & Innovation (Age 49)
  • 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

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.

What is Avid Technology's stock price today?

One share of AVID stock can currently be purchased for approximately $18.35.

How big of a company is Avid Technology?

Avid Technology has a market capitalization of $811.22 million 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. Avid Technology employs 1,429 workers across the globe.

What is Avid Technology's official website?

The official website for Avid Technology is 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]

This page was last updated on 1/24/2021 by MarketBeat.com Staff

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