S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
NASDAQ:AVID

Avid Technology (AVID) Stock Forecast, Price & News

$26.73
+0.57 (+2.18%)
(As of 05/20/2022 12:00 AM ET)
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Today's Range
$25.80
$27.06
50-Day Range
$21.45
$36.77
52-Week Range
$20.83
$40.48
Volume
520,403 shs
Average Volume
524,189 shs
Market Capitalization
$1.20 billion
P/E Ratio
25.95
Dividend Yield
N/A
Beta
1.2
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Avid Technology logo

About Avid Technology

Avid Technology, Inc., together with its subsidiaries, 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 maintenance contracts and support services; 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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Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Computer Hardware
Current Symbol
NASDAQ:AVID
CUSIP
05367P10
Employees
1,405
Year Founded
1987

Sales & Book Value

Annual Sales
$409.94 million
Cash Flow
$1.17 per share
Book Value
($2.89) per share

Profitability

Net Income
$41.39 million
Pretax Margin
12.20%

Debt

Price-To-Earnings

Miscellaneous

Free Float
41,959,000
Market Cap
$1.20 billion
Optionable
Optionable

Company Calendar

Last Earnings
5/04/2022
Today
5/21/2022
Next Earnings (Estimated)
8/02/2022
Fiscal Year End
12/31/2022

Social Links


MarketRank

Overall MarketRank

2.57 out of 5 stars

Computer And Technology Sector

178th out of 919 stocks

Prepackaged Software Industry

43rd out of 297 stocks

Analyst Opinion: 3.5Community Rank: 4.1Dividend Strength: 0.0Insider Behavior: 3.3Valuation: 1.9 5 -4 -3 -2 -1 -













Avid Technology (NASDAQ:AVID) Frequently Asked Questions

Is Avid Technology a buy right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Avid Technology in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Avid Technology stock.
View analyst ratings for Avid Technology
or view top-rated stocks.

When is Avid Technology's next earnings date?

Avid Technology is scheduled to release its next quarterly earnings announcement on Tuesday, August 2nd 2022.
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 Wednesday, May, 4th. The technology company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. The technology company had revenue of $100.65 million for the quarter, compared to analysts' expectations of $103.07 million. Avid Technology had a negative trailing twelve-month return on equity of 36.00% and a net margin of 11.43%. During the same quarter in the previous year, the business posted $0.22 earnings per share.
View Avid Technology's earnings history
.

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

Avid Technology updated its second quarter 2022 earnings guidance on Monday, May, 16th. The company provided earnings per share guidance of $0.19-$0.32 for the period, compared to the consensus earnings per share estimate of $0.28. The company issued revenue guidance of $92.00 million-$104.00 million, compared to the consensus revenue estimate of $100.06 million.

What price target have analysts set for AVID?

2 analysts have issued 1 year price objectives for Avid Technology's shares. Their forecasts range from $42.00 to $45.00. On average, they expect Avid Technology's share price to reach $43.50 in the next year. This suggests a possible upside of 62.7% from the stock's current price.
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 60, Pay $1.25M)
  • Mr. Kenneth L. Gayron, Exec. VP, CFO, Chief Accounting Officer & Corp. Treasurer (Age 52, Pay $620.82k) (LinkedIn Profile)
  • Mr. Kevin W. Riley, CTO & Sr. VP (Age 51, Pay $619.58k)
  • Mr. Tom J. A. Cordiner, Chief Revenue Officer & Sr. VP (Age 52, Pay $803.54k) (LinkedIn Profile)
  • Mr. Lior Netzer, Sr. VP & GM of Media Platform and Cloud Solutions (Age 52, Pay $529.88k)
  • Mr. Dave Perillo, Sr. VP of Operations & Supply Chain
  • 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
  • Mr. Dana Ruzicka, Sr. VP and GM of Audio & Music Solutions (Age 50) (LinkedIn Profile)
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), Boeing (BA), Marvell Technology (MRVL), 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. (5.37%), Royce & Associates LP (4.90%), Vanguard Group Inc. (4.36%), Dimensional Fund Advisors LP (2.79%), Brahman Capital Corp. (1.90%) and Acadian Asset Management LLC (1.83%). Company insiders that own Avid Technology stock include Christian Asmar, Dana Ruzicka, Kenneth L Gayron, Marketing Services SAS Total, Nancy Hawthorne, Robert M Bakish, Robert M Bakish, 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 Gilder Gagnon Howe & Co. LLC, Arrowstreet Capital Limited Partnership, Royce & Associates LP, Royal Bank of Canada, Atika Capital Management LLC, Brahman Capital Corp., Vanguard Group Inc., and Acadian Asset Management LLC. Company insiders that have sold Avid Technology company stock in the last year include Dana Ruzicka, Kenneth L Gayron, Marketing Services SAS Total, Nancy Hawthorne, Robert M Bakish, 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 Loomis Sayles & Co. L P, Portolan Capital Management LLC, Lord Abbett & CO. LLC, Congress Asset Management Co. MA, Renaissance Technologies LLC, Oak Ridge Investments LLC, DAVENPORT & Co LLC, and State Street Corp.
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 $26.73.

How much money does Avid Technology make?

Avid Technology has a market capitalization of $1.20 billion and generates $409.94 million in revenue each year. The technology company earns $41.39 million in net income (profit) each year or $1.029990 on an earnings per share basis.

How many employees does Avid Technology have?

Avid Technology employs 1,405 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.

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, via email at [email protected], or via fax at 978-640-3366.

This page was last updated on 5/21/2022 by MarketBeat.com Staff

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