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NASDAQ:AVID

Avid Technology Stock Forecast, Price & News

$7.75
-0.05 (-0.64 %)
(As of 09/24/2020 12:00 AM ET)
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Today's Range
$7.58
Now: $7.75
$7.93
50-Day Range
$7.45
MA: $8.08
$9.30
52-Week Range
$4.67
Now: $7.75
$9.66
Volume325,077 shs
Average Volume479,899 shs
Market Capitalization$340.64 million
P/E Ratio24.22
Dividend YieldN/A
Beta1.18
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. Its audio products and solutions include Pro Tools digital audio software solutions to facilitate the audio production process, including music and sound creation, recording, editing, signal processing, integrated surround mixing and mastering, and reference video playback; Sibelius, which allows users to create, edit, and publish musical scores; S6 that offers complementary control surfaces and consoles; and VENUE | S6L live-sound systems. 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. Avid Technology, Inc. was incorporated in 1987 and is headquartered in Burlington, Massachusetts.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 4.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.44 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$411.79 million
Cash Flow$0.65 per share
Book Value($3.60) per share

Profitability

Net Income$7.60 million

Miscellaneous

Employees1,429
Market Cap$340.64 million
Next Earnings Date11/5/2020 (Estimated)
OptionableOptionable
$7.75
-0.05 (-0.64 %)
(As of 09/24/2020 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 been impacted by COVID-19 (Coronavirus)?

Avid Technology's stock was trading at $7.22 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, AVID shares have increased by 7.3% and is now trading at $7.75.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Avid Technology?

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, resulting in a consensus recommendation of "Buy."
View analyst ratings for Avid Technology
.

When is Avid Technology's next earnings date?

Avid Technology is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020.
View our earnings forecast for Avid Technology
.

How were Avid Technology's earnings last quarter?

Avid Technology, Inc. (NASDAQ:AVID) issued its quarterly earnings data on Monday, August, 3rd. The technology company reported $0.12 earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.06) by $0.18. The technology company earned $79.28 million during the quarter, compared to analysts' expectations of $77.43 million. Avid Technology had a negative return on equity of 7.75% and a net margin of 3.87%.
View Avid Technology's earnings history
.

What price target have analysts set for AVID?

3 Wall Street analysts have issued 1 year price objectives for Avid Technology's shares. Their forecasts range from $8.00 to $14.00. On average, they expect Avid Technology's stock price to reach $12.00 in the next year. This suggests a possible upside of 54.8% from the stock's current price.
View analysts' price targets for Avid Technology
.

Are investors shorting Avid Technology?

Avid Technology saw a decline in short interest in the month of August. As of August 14th, there was short interest totaling 2,950,000 shares, a decline of 13.5% from the July 30th total of 3,410,000 shares. Based on an average daily volume of 536,900 shares, the days-to-cover ratio is presently 5.5 days. Currently, 7.4% of the company's stock are sold short.
View Avid Technology's Short Interest
.

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), Opko Health (OPK), Advanced Micro Devices (AMD), QUALCOMM (QCOM), Square (SQ), Marvell Technology Group (MRVL), Boeing (BA), Cisco Systems (CSCO), Walt Disney (DIS) and Micron Technology (MU).

Who are Avid Technology's key executives?

Avid Technology's management team includes the following 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)

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 number of retail and institutional investors. Top institutional investors include Goldman Sachs Group Inc. (6.68%), Cove Street Capital LLC (3.90%), Jacobs Levy Equity Management Inc. (1.66%), Russell Investments Group Ltd. (1.06%), Teton Advisors Inc. (0.79%) and Gamco Investors INC. ET AL (0.60%). Company insiders that own Avid Technology stock include Christian Asmar 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 Bank of New York Mellon Corp, AQR Capital Management LLC, Cove Street Capital LLC, Nuveen Asset Management LLC, Oppenheimer Asset Management Inc., and Trexquant Investment LP.
View insider buying and selling activity for Avid Technology
.

Which institutional investors are buying Avid Technology stock?

AVID stock was bought by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Jacobs Levy Equity Management Inc., Gamco Investors INC. ET AL, Russell Investments Group Ltd., Teton Advisors Inc., Leap Investments LP, Charles Schwab Investment Management Inc., and SG Americas Securities LLC.
View insider buying and selling activity 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 $7.75.

How big of a company is Avid Technology?

Avid Technology has a market capitalization of $340.64 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 9/25/2020 by MarketBeat.com Staff

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