Skip to main content

Avid Technology, Inc. (AVID)

NASDAQ: AVID · IEX Real-Time Price · USD
28.64 -0.51 (-1.75%)
Sep 24, 2021 11:08 AM EDT - Market open
Market Cap1.33B
Revenue (ttm)383.97M
Net Income (ttm)26.47M
Shares Out45.21M
EPS (ttm)0.58
PE Ratio49.64
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume194,489
Open29.00
Previous Close29.15
Day's Range28.45 - 29.00
52-Week Range7.75 - 40.48
Beta1.38
AnalystsBuy
Price Target42.50 (+48.4%)
Est. Earnings DateOct 28, 2021

About AVID

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 su...

IndustryTechnology Hardware, Storage & Peripherals
IPO DateMar 11, 1993
CEOJeff Rosica
Employees1,362
Stock ExchangeNASDAQ
Ticker SymbolAVID
Full Company Profile

Financial Performance

In 2020, AVID's revenue was $360.47 million, a decrease of -12.46% compared to the previous year's $411.79 million. Earnings were $11.06 million, an increase of 45.53%.

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for AVID stock is "Buy." The 12-month stock price forecast is 42.50, which is an increase of 48.39% from the latest price.

Price Target
$42.50
(48.39% upside)
Analyst Consensus: Buy

News

Avid Technology Announces $115 Million Share Repurchase Authorization

BURLINGTON, Mass., Sept. 09, 2021 (GLOBE NEWSWIRE) -- Avid ® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, today announced that its Board of Directors h...

2 weeks ago - GlobeNewsWire

Avid Tumbled After Earnings. Is This a Buying Opportunity?

The supplier of tech for video and audio content production disappointed the market with its second-quarter results -- but were traders being short-sighted?

Other symbols:NFLXSPOT
3 weeks ago - The Motley Fool

Avid Technology to Participate in September Investor Conferences

BURLINGTON, Mass., Aug. 31, 2021 (GLOBE NEWSWIRE) -- Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, today announced that its executive management w...

3 weeks ago - GlobeNewsWire

Hula Post Puts Avid Subscription Software to Work for Celebrated Film and TV Production Clientele

In a move from perpetual licensing, Hula's clients get up-to-the-minute features and capabilities from Media Composer editing software In a move from perpetual licensing, Hula's clients get up-to-the-mi...

3 weeks ago - GlobeNewsWire

Avid Enhances Media Composer Subscription Offering to Accelerate Content Editing and Production

Media Composer | Distributed Processing speeds creative workflows by offloading processor-intensive tasks Media Composer | Distributed Processing speeds creative workflows by offloading processor-intens...

4 weeks ago - GlobeNewsWire

Swedish National Broadcaster SVT Chooses Avid Software Subscription for TV News and Programming Production Workflows

Enterprise-wide subscription for MediaCentral platform and creative tools adds flexibility and capabilities for large and distributed production teams Enterprise-wide subscription for MediaCentral platf...

1 month ago - GlobeNewsWire

Avid Expands MediaCentral Integration with Third-Party Newsroom Computer Systems

New OpenMedia integration enables news production teams to accelerate workflows and collaborate remotely with the industry's leading content platform without having to change their newsroom solution New...

1 month ago - GlobeNewsWire

Christy's Embraces Avid Enterprise Software Subscription to Supply Editing Resources Across Hollywood

Legendary family-owned shop built on extremely high-caliber service continues to innovate its offering to top film and TV creators Legendary family-owned shop built on extremely high-caliber service con...

1 month ago - GlobeNewsWire

New EUCON Update Delivers Custom Plugin Mapping and Meter Creation for Avid Control Surfaces

Update introduces new level of customization and visual feedback features to industry-leading Avid control surfaces Update introduces new level of customization and visual feedback features to industry-...

1 month ago - GlobeNewsWire

Avid Technology (AVID) Beats Q2 Earnings and Revenue Estimates

Avid (AVID) delivered earnings and revenue surprises of 8.70% and 3.87%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Avid Technology: Q2 Earnings Insights

Shares of Avid Technology (NASDAQ:AVID) fell in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share were up 108.33% year over year to $0.25, which beat the e...

1 month ago - Benzinga

Avid Technology Announces Second Quarter 2021 Results

19.7% Year-Over-Year Revenue Growth, driven by Continued Subscription Growth and Recovery in Integrated Solutions

1 month ago - GlobeNewsWire

Avid Unveils Sibelius Mobile App Placing Powerful Notation Tools at Music Creators' Fingertips Everywhere They Go

Sibelius users gain new mobile workflows with iPad app to compose anywhere Sibelius users gain new mobile workflows with iPad app to compose anywhere

1 month ago - GlobeNewsWire

Avid Technology (AVID) Earnings Expected to Grow: Should You Buy?

Avid (AVID) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 month ago - Zacks Investment Research

Avid Technology Announces Conference Call to Discuss Second Quarter 2021 Financial Results

BURLINGTON, Mass., July 23, 2021 (GLOBE NEWSWIRE) -- Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, announced today that Jeff Rosica, Chief Executi...

2 months ago - GlobeNewsWire

The 10 Best ‘Bigger-Than-Small-Cap' ‘Smaller-Than-Midcap' Stocks to Buy Now

Here are 10 stocks to buy that straddle the line between small-cap and mid-cap stocks, otherwise known as SMID cap stocks. The post The 10 Best ‘Bigger-Than-Small-Cap' ‘Smaller-Than-Midcap' Stocks to Bu...

2 months ago - InvestorPlace

Avid's Pro Tools | Ultimate Now Includes New Hybrid Engine for HDX Systems, Expanding Performance and Capabilities

Made available as part of the Pro Tools | Ultimate June 2021 software release, the patented Hybrid Engine maximizes the performance of HDX systems by unlocking higher voice counts for bigger sessions an...

2 months ago - GlobeNewsWire

Avid Technology, the Small-Cap Stock Powering the Streaming Revolution

This entertainment technology company is making a transition to a cloud-based subscription model. Does it belong in your portfolio?

3 months ago - The Motley Fool

Avid Technology to Participate in the J.P. Morgan 49th Annual Global Technology, Media and Communications Conference

BURLINGTON, Mass., May 24, 2021 (GLOBE NEWSWIRE) -- Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, today announced that Jeff Rosica, its Chief Exec...

3 months ago - GlobeNewsWire

Avid (AVID) Soars 27.1%: Is Further Upside Left in the Stock?

Avid (AVID) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the n...

4 months ago - Zacks Investment Research

Why Avid Technology Stock Is Soaring Today

The maker of creative production tools is shifting to subscription-based sales at a time of rising customer interest.

4 months ago - The Motley Fool

Avid Technology (AVID) Q1 Earnings and Revenues Surpass Estimates

Avid (AVID) delivered earnings and revenue surprises of 40.00% and 3.88%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

4 months ago - Zacks Investment Research

Avid Technology (AVID) Reports Next Week: Wall Street Expects Earnings Growth

Avid (AVID) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

4 months ago - Zacks Investment Research

Avid Partners, LiveU To Enable Ingestion Of IP Streams

Avid Technology Inc (NASDAQ: AVID) partnered with LiveU to enable the ingestion of IP streams for television news and remote live TV production in Avid's MediaCentral platform. LiveU was the inventor an...

5 months ago - Benzinga

Avid and LiveU Enable Secure Remote IP Contribution Through MediaCentral | Stream

LiveU's live streaming solutions and MediaCentral | Stream simplify IP contribution from remote locations into the MediaCentral platform LiveU's live streaming solutions and MediaCentral | Stream simpli...

5 months ago - GlobeNewsWire