Avid Technology, Inc. (AVID)

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...

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

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%.

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