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

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

Avid Technology, Inc. (NASDAQ:AVID) announced its earnings results on Thursday, August, 9th. The technology company reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by $0.02. The technology company earned $98.62 million during the quarter, compared to analysts' expectations of $98.27 million. Avid Technology had a negative net margin of 0.46% and a negative return on equity of 10.84%. Avid Technology's quarterly revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the company posted ($0.26) earnings per share. View Avid Technology's Earnings History.

Avid Technology is scheduled to release their next quarterly earnings announcement on Thursday, March 12th 2020. View Earnings Estimates for Avid Technology.

Avid Technology updated its FY 2019 After-Hours earnings guidance on Monday, November, 25th. The company provided EPS guidance of $0.50-0.60 for the period, compared to the Thomson Reuters consensus estimate of $0.54. The company issued revenue guidance of $$405-415 million, compared to the consensus revenue estimate of $$410.4 million.

4 analysts have issued 12 month target prices for Avid Technology's shares. Their forecasts range from $5.00 to $14.00. On average, they anticipate Avid Technology's stock price to reach $9.38 in the next year. This suggests a possible upside of 1.5% from the stock's current price. View Analyst Price Targets 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, 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Avid Technology.

News articles about AVID stock have trended somewhat positive recently, InfoTrie Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Avid Technology earned a news impact score of 2.0 on InfoTrie's scale. They also gave news headlines about the technology company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for Avid Technology.

Avid Technology saw a increase in short interest in the month of January. As of January 15th, there was short interest totalling 2,740,000 shares, an increase of 5.4% from the December 31st total of 2,600,000 shares. Based on an average daily trading volume, of 283,900 shares, the days-to-cover ratio is currently 9.7 days. Currently, 8.0% of the shares of the stock are short sold. View Avid Technology's Current Options Chain.

Some companies that are related to Avid Technology include Apple (AAPL), Super Micro Computer (SMCI), Cray (CRAY), 3D Systems (DDD), Dell (DELL), Diebold Nixdorf (DBD), HP (HPQ), Kopin (KOPN), NCR (NCR) and Stratasys (SSYS).

Based on aggregate information from My MarketBeat watchlists, some companies that other Avid Technology investors own include Opko Health (OPK), Advanced Micro Devices (AMD), FireEye (FEYE), TherapeuticsMD (TXMD), Corbus Pharmaceuticals (CRBP), Snap (SNAP), AT&T (T), Verizon Communications (VZ), Viking Therapeutics (VKTX) and General Electric (GE).

Avid Technology's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Cove Street Capital LLC (4.86%), Royce & Associates LP (4.24%), Acadian Asset Management LLC (2.85%), AQR Capital Management LLC (1.98%), Renaissance Technologies LLC (1.65%) and Cooper Creek Partners Management LLC (1.60%). Company insiders that own Avid Technology stock include Peter Ennis and Ryan H Murray. View Institutional Ownership Trends for Avid Technology.

AVID stock was sold by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Oxford Asset Management LLP, Connor Clark & Lunn Investment Management Ltd., Cadence Capital Management LLC, Panagora Asset Management Inc., State Street Corp, New York State Common Retirement Fund and Hennessy Advisors Inc.. View Insider Buying and Selling for Avid Technology.

AVID stock was purchased by a variety of institutional investors in the last quarter, including Cooper Creek Partners Management LLC, Acadian Asset Management LLC, Jacobs Levy Equity Management Inc., Russell Investments Group Ltd., Renaissance Technologies LLC, Globeflex Capital L P, UBS Group AG and Goldman Sachs Group Inc.. View Insider Buying and Selling for 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.

One share of AVID stock can currently be purchased for approximately $9.24.

Avid Technology has a market capitalization of $397.78 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.