NASDAQ:AVID

Avid Technology Stock Forecast, Price & News

$39.19
+1.11 (+2.91 %)
(As of 06/24/2021 12:00 AM ET)
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Today's Range
$38.34
$39.59
50-Day Range
$19.52
$39.19
52-Week Range
$6.88
$39.59
Volume450,748 shs
Average Volume470,716 shs
Market Capitalization$1.77 billion
P/E Ratio81.65
Dividend YieldN/A
Beta1.39
30 days | 90 days | 365 days | Advanced Chart
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Avid Technology logo

About Avid Technology

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.

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MarketRank

Overall MarketRank

1.45 out of 5 stars

Computer And Technology Sector

410th out of 1,593 stocks

Prepackaged Software Industry

101st out of 312 stocks

Analyst Opinion: 1.5Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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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 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.

What stocks does MarketBeat like better than Avid Technology?

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.
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, August 2nd 2021.
View our earnings forecast for Avid Technology
.

How were Avid Technology's earnings last quarter?

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
.

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 442.8% and is now trading at $39.19.
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 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.

What price target have analysts set for AVID?

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.

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 $1.04M)
  • Mr. Kenneth L. Gayron, Exec. VP & CFO (Age 51, Pay $531.38k)
  • Mr. Tom J. A. Cordiner, Chief Revenue Officer & Sr. VP (Age 51, Pay $731.87k)
  • Mr. Dana Ruzicka, Sr. VP and GM of Audio & Music Solutions (Age 49, Pay $445.46k)
  • Mr. Timothy Claman, Sr. VP and GM of Video, Post & Storage Solutions (Age 54, Pay $342.4k)
  • Mr. Dave Perillo, Sr. VP of Operations & Supply Chain
  • Mr. Garrard Brown, VP & Chief Accounting Officer (Age 38)
  • Mr. Kevin W. Riley, CTO & Sr. VP (Age 50)
  • Mr. Alex Sukennik, Chief Information Officer & VP
  • Mr. Whit Rappole, VP of Corp. Devel. & Investor Relations

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 (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."

Who are Avid Technology's major shareholders?

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
.

Which major investors are selling Avid Technology stock?

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.

Which major investors are buying Avid Technology stock?

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.

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 $39.19.

How much money does Avid Technology make?

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.

How many employees does Avid Technology have?

Avid Technology employs 1,362 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.

When was Avid Technology founded?

Avid Technology was founded in 1987.

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 6/25/2021 by MarketBeat.com Staff
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