Avid Technology, Inc. (AVID)

NASDAQ: AVID · IEX Real-Time Price · USD
26.83
-1.63 (-5.71%)
Dec 6, 2022 3:09 PM EST - Market open
-5.71%
Market Cap 1.24B
Revenue (ttm) 420.38M
Net Income (ttm) 45.20M
Shares Out 44.48M
EPS (ttm) 0.95
PE Ratio 28.22
Forward PE 16.86
Dividend n/a
Ex-Dividend Date n/a
Volume 106,312
Open 28.45
Previous Close 28.45
Day's Range 26.56 - 28.6
52-Week Range 20.83 - 37.31
Beta 1.20
Analysts Buy
Price Target 35.02 (+30.6%)
Earnings Date Nov 8, 2022

About AVID

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 Me... [Read more]

Industry Technology Hardware, Storage & Peripherals
IPO Date Mar 11, 1993
CEO Jeff Rosica
Employees 1,405
Stock Exchange NASDAQ
Ticker Symbol AVID
Full Company Profile

Financial Performance

In 2021, AVID's revenue was $409.94 million, an increase of 13.73% compared to the previous year's $360.47 million. Earnings were $41.39 million, an increase of 274.15%.

Financial Statements

Analyst Forecast

According to 12 analysts, the average rating for AVID stock is "Buy." The 12-month stock price forecast is 35.02, which is an increase of 30.62% from the latest price.

Price Target
$35.02
(30.62% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Denmark's Regional Broadcaster TV MIDTVEST Extends Strategic Engagement with Avid through MediaCentral | Flex Subscri...

Jylland-based broadcaster signs multi-year agreement for Media Composer Enterprise and MediaCentral platform including MediaCentral | Collaborate Jylland-based broadcaster signs multi-year agreement for...

6 days ago - GlobeNewsWire

Avid Promotes Technology Services Executive Deb Sanders to Chief Customer Officer

Sanders' 25-year career focus on services spans global-scale IT, security and networking businesses with deep experience in service delivery transformation Sanders' 25-year career focus on services span...

1 week ago - GlobeNewsWire

Avid Outlines Official Product Support and Self-Help Resources to Help Users Avoid Imposter Activity on Twitter

BURLINGTON, Mass., Nov. 12, 2022 (GLOBE NEWSWIRE) -- Today Avid ® (Nasdaq: AVID) issued a reminder for all customers around the world about every means by which they may easily obtain product support an...

3 weeks ago - GlobeNewsWire

Avid Technology (AVID) Surpasses Q3 Earnings Estimates

Avid (AVID) delivered earnings and revenue surprises of 18.75% and 2.25%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

3 weeks ago - Zacks Investment Research

Avid Technology Announces Q3 2022 Results

Subscription Revenue of $41.8M, an Increase of 49.2% Year-Over-Year, Driven by All-Time Record 32,600 Net Increase in Paid Subscriptions in the Quarter

3 weeks ago - GlobeNewsWire

Avid Unveils Further Innovation for Music Creation with Sonically Exceptional Pro Tools | Carbon Pre Audio Interface

Avid Pro Tools | Carbon Pre debuts at AES Show 2022 delivering pristine 32-bit AD/DA conversion to capture maximum dynamic range Avid Pro Tools | Carbon Pre debuts at AES Show 2022 delivering pristine 3...

1 month ago - GlobeNewsWire

Avid Celebrates the Return of Its Immensely Popular MBOX Desktop Interface to Enable Professional-Quality Music and A...

New generation MBOX Studio powered by Pro Tools ensures exceptional vocal and instrument sounds for music creation, podcasting, and streaming New generation MBOX Studio powered by Pro Tools ensures exce...

1 month ago - GlobeNewsWire

Avid Technology Announces Amended Credit Facility Which Provides Incremental Flexibility to Support its Strategy and ...

Facility increases unfunded revolver availability by approximately $70 million on favorable terms, with no change to pricing and immaterial change to total funded debt Facility increases unfunded revolv...

1 month ago - GlobeNewsWire

AVID Launches Pro Tools Intro Artist for New Music Makers

AVID launches Pro Tools Intro, which is expected to continue boosting subscription revenue growth in the coming quarters.

1 month ago - Zacks Investment Research

Avid Unveils Pro Tools Intro to Excite a New Generation of Music Makers

New introductory free version aimed to capture aspiring music creators and further build the rapidly expanding Pro Tools ecosystem New introductory free version aimed to capture aspiring music creators ...

1 month ago - GlobeNewsWire

AVID Introduces Pro Tools Upgrades for the Music Community

Avid Technology (AVID) launches its latest Pro Tools release to provide music creators of every skill level with new workflows.

2 months ago - Zacks Investment Research

Avid's Newest Pro Tools Software Release Propels Music Creativity and Productivity to New Heights for All Users

Seamless ARA 2 integration among latest innovations available now across all editions of the award-winning digital audio workstation Seamless ARA 2 integration among latest innovations available now acr...

2 months ago - GlobeNewsWire

AVID's Latest TV & Media Subscription Service to Aid Prospect

AVID launches next-gen Maestro, a new subscription-based software solution for real-time broadcast television graphics.

2 months ago - Zacks Investment Research

Avid Launches Subscription Solution for TV and Media Graphics

Next Gen Maestro software supports existing graphics workflows and future proofs for the cloud Next Gen Maestro software supports existing graphics workflows and future proofs for the cloud

2 months ago - GlobeNewsWire

AVID Launches New Upgrades to Pro Tools Artist for ALA Students

Avid (AVID) announces that its Avid Learning Academy (ALA) program has transitioned to Pro Tools Artist to help budding music creators develop music.

2 months ago - Zacks Investment Research

Avid Learning Academy Program Upgrades to Pro Tools Artist

K-12 education program puts powerful Pro Tools subscription into the hands of aspiring music creators and producers for free K-12 education program puts powerful Pro Tools subscription into the hands of...

2 months ago - GlobeNewsWire

Avid Hires New Leader for Audio & Music Solutions to Accelerate Subscription Business and Music Market Expansion

Avid welcomes music and media tech executive David Toomey as SVP & General Manager of Audio & Music Solutions Avid welcomes music and media tech executive David Toomey as SVP & General Manager of Audio ...

2 months ago - GlobeNewsWire

Avid Accelerates Collaboration and Content Production for Atresmedia with Media Composer and MediaCentral Subscriptions

Spanish media conglomerate accelerates multi-platform content creation with increased access to a new content management platform and editing tools Spanish media conglomerate accelerates multi-platform ...

2 months ago - GlobeNewsWire

Avid's Open Workflow Solutions Demonstrated with Numerous Technology Partners at IBC2022

Key technology providers show progress toward enhancing and expanding remote working and team collaboration for the media industry Key technology providers show progress toward enhancing and expanding r...

2 months ago - GlobeNewsWire

Avid Demonstrates the Future of Collaborative, Distributed Workflows for Post Production and TV News at IBC2022 Show

Avid's customer-driven innovation extends content creation workflows, enabling unprecedented efficiency and collaboration from anywhere with cloud-enabled solutions

2 months ago - GlobeNewsWire

Avid Technology Set to Join S&P SmallCap 600

NEW YORK , Aug. 29, 2022 /PRNewswire/ -- Avid Technology Inc. (NASD:AVID) will replace Plantronics Inc. (NYSE:POLY) in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, Septemb...

Other symbols: HPQ
3 months ago - PRNewsWire

Avid Technology (AVID) Surpasses Q2 Earnings and Revenue Estimates

Avid (AVID) delivered earnings and revenue surprises of 4% and 1.88%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

4 months ago - Zacks Investment Research

Avid Technology Announces Q2 2022 Results

Subscription Revenue of $34.1M, an Increase of 58.7% Year-Over-Year, Driven by Increase of Cloud-Enabled Software Subscriptions to Over 450,300

4 months ago - GlobeNewsWire

Amazon Studios Teams Up with Avid Technology to Deliver Advanced Production Editorial in the AWS Cloud

Companies announce a three-year agreement to enable Amazon Studios' use of Avid's Media Composer editing tool, NEXIS storage and MediaCentral platform on Amazon Web Services (AWS) Companies announce a t...

4 months ago - GlobeNewsWire

Avid | Edit On Demand Brings Over-The-Shoulder Collaboration to Remote Production Workflows

SRT support ensures high-quality, secure streams directly from Media Composer for accelerated content review and approval SRT support ensures high-quality, secure streams directly from Media Composer fo...

4 months ago - GlobeNewsWire