Avid Technology, Inc. (AVID)
| Market Cap | 1.33B |
| Revenue (ttm) | 383.97M |
| Net Income (ttm) | 26.47M |
| Shares Out | 45.21M |
| EPS (ttm) | 0.58 |
| PE Ratio | 49.64 |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 194,489 |
| Open | 29.00 |
| Previous Close | 29.15 |
| Day's Range | 28.45 - 29.00 |
| 52-Week Range | 7.75 - 40.48 |
| Beta | 1.38 |
| Analysts | Buy |
| Price Target | 42.50 (+48.4%) |
| Est. Earnings Date | Oct 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...
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 StatementsAnalyst 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.
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...
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?
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...
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...
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...
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...
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...
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...
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-...
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?
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...
Avid Technology Announces Second Quarter 2021 Results
19.7% Year-Over-Year Revenue Growth, driven by Continued Subscription Growth and Recovery in Integrated Solutions
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
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.
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...
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...
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...
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?
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...
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...
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.
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?
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.
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...
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...