NASDAQ:AVID - Avid Technology Stock Price, News & Analysis

$6.32
+0.01 (+0.16 %)
(As of 08/22/2019 04:00 PM ET)
Today's Range
$6.15
Now: $6.32
$6.44
50-Day Range
$5.96
MA: $8.82
$10.32
52-Week Range
$4.37
Now: $6.32
$10.79
Volume283,500 shs
Average Volume456,588 shs
Market Capitalization$271.48 million
P/E Ratio52.67
Dividend YieldN/A
Beta1.79
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. Read More…

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$413.28 million
Cash Flow$0.6536 per share
Book Value($4.09) per share

Profitability

Net Income$-10,670,000.00

Miscellaneous

Employees1,446
Market Cap$271.48 million
Next Earnings Date11/6/2019 (Estimated)
OptionableOptionable

Receive AVID News and Ratings via Email

Sign-up to receive the latest news and ratings for AVID and its competitors with MarketBeat's FREE daily newsletter.


Avid Technology (NASDAQ:AVID) Frequently Asked Questions

What is Avid Technology's stock symbol?

Avid Technology trades on the NASDAQ under the ticker symbol "AVID."

How were Avid Technology's earnings last quarter?

Avid Technology, Inc. (NASDAQ:AVID) released its quarterly earnings data on Monday, August, 5th. The technology company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.04 by $0.02. The technology company earned $98.70 million during the quarter, compared to analysts' expectations of $101.29 million. Avid Technology had a negative net margin of 0.99% and a negative return on equity of 11.13%. The company's revenue for the quarter was up .1% compared to the same quarter last year. During the same period last year, the business earned ($0.20) earnings per share. View Avid Technology's Earnings History.

When is Avid Technology's next earnings date?

Avid Technology is scheduled to release their next quarterly earnings announcement on Wednesday, November 6th 2019. View Earnings Estimates for Avid Technology.

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

Avid Technology updated its FY19 earnings guidance on Monday, August, 5th. The company provided earnings per share guidance of $0.60-0.72 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.62. The company issued revenue guidance of $420-430 million, compared to the consensus revenue estimate of $425.77 million.

What price target have analysts set for AVID?

4 brokerages have issued 1-year price targets for Avid Technology's shares. Their forecasts range from $5.00 to $14.00. On average, they expect Avid Technology's share price to reach $9.1667 in the next year. This suggests a possible upside of 45.0% from the stock's current price. View Analyst Price Targets for Avid Technology.

What is the consensus analysts' recommendation for Avid Technology?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avid Technology in the last year. There are currently 1 sell rating, 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Avid Technology.

What are Wall Street analysts saying about Avid Technology stock?

Here are some recent quotes from research analysts about Avid Technology stock:
  • 1. Maxim Group analysts commented, "Impressed with CEO Jeff Rosica’s balanced message to investors. Audio poised to turnaround. Greater detail on cost savings give us confidence AVID will minimally meet our estimates. Reiterating Buy rating and 12-month price target of $14." (6/7/2019)
  • 2. According to Zacks Investment Research, "Avid Technology, Inc. develops, markets, sells and supports a wide range of software and systems for creating and manipulating digital media content. Digital media are media elements, whether video or audio or graphics, in which the image, sound or picture is recorded and stored as digital values, as opposed to analog signals. The company's systems are designed to improve the productivity of video and film editors by enabling them to edit moving pictures and sound in a faster, easier, and more cost-effective manner than traditional analog tape-based systems. " (5/15/2019)

Has Avid Technology been receiving favorable news coverage?

News articles about AVID stock have been trending positive on Thursday, InfoTrie reports. The research group identifies negative and positive media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Avid Technology earned a news impact score of 2.5 on InfoTrie's scale. They also gave news stories about the technology company a news buzz of 6.0 out of 10, indicating that recent media coverage is somewhat likely to have an effect on the stock's share price in the near term. View News Stories for Avid Technology.

Are investors shorting Avid Technology?

Avid Technology saw a decline in short interest in July. As of July 31st, there was short interest totalling 2,139,700 shares, a decline of 12.4% from the June 30th total of 2,442,100 shares. Based on an average trading volume of 511,900 shares, the days-to-cover ratio is currently 4.2 days. Currently, 5.8% of the company's stock are short sold. View Avid Technology's Current Options Chain.

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 Opko Health (OPK), Cyberark Software (CYBR), TherapeuticsMD (TXMD), General Electric (GE), Covisint (COVS), Snap (SNAP), Advanced Micro Devices (AMD), FireEye (FEYE), Alibaba Group (BABA) and Corbus Pharmaceuticals (CRBP).

Who are Avid Technology's key executives?

Avid Technology's management team includes the folowing 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)

Who are Avid Technology's major shareholders?

Avid Technology's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (6.84%), BlackRock Inc. (4.57%), Acadian Asset Management LLC (1.53%), Nuveen Asset Management LLC (1.07%), Renaissance Technologies LLC (0.93%) and Hennessy Advisors Inc. (0.80%). Company insiders that own Avid Technology stock include Peter Ennis, Robert M Bakish and Ryan H Murray. 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 Citadel Advisors LLC, Russell Investments Group Ltd., D. E. Shaw & Co. Inc., Parametric Portfolio Associates LLC, AXA, Oppenheimer Asset Management Inc., Royal Bank of Canada and Jacobs Levy Equity Management Inc.. Company insiders that have sold Avid Technology company stock in the last year include Peter Ennis and Ryan H Murray. View Insider Buying and Selling for Avid Technology.

Which major investors are buying Avid Technology stock?

AVID stock was purchased by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, Nuveen Asset Management LLC, Renaissance Technologies LLC, Hennessy Advisors Inc., Intrinsic Edge Capital Management LLC, AQR Capital Management LLC, BlackRock Inc. and Invesco Ltd.. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Avid Technology's stock price today?

One share of AVID stock can currently be purchased for approximately $6.32.

How big of a company is Avid Technology?

Avid Technology has a market capitalization of $271.48 million and generates $413.28 million in revenue each year. The technology company earns $-10,670,000.00 in net income (profit) each year or $0.12 on an earnings per share basis. Avid Technology employs 1,446 workers across the globe.View Additional Information About Avid Technology.

What is Avid Technology's official website?

The official website for Avid Technology is http://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]


MarketBeat Community Rating for Avid Technology (NASDAQ AVID)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  223 (Vote Outperform)
Underperform Votes:  282 (Vote Underperform)
Total Votes:  505
MarketBeat's community ratings are surveys of what our community members think about Avid Technology and other stocks. Vote "Outperform" if you believe AVID will outperform the S&P 500 over the long term. Vote "Underperform" if you believe AVID will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 8/22/2019 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel