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Avid Technology, Inc. (AVID)

Stock Price: $9.35 USD 0.45 (5.06%)
Updated Oct 23, 2020 4:00 PM EDT - Market closed
After-hours: $9.31 -0.04 (-0.43%) Oct 23, 7:06 PM

Stock Price Chart

Key Info

Market Cap 410.96M
Revenue (ttm) 375.50M
Net Income (ttm) 14.53M
Shares Out 43.95M
EPS (ttm) 0.33
PE Ratio 28.33
Forward PE n/a
Dividend n/a
Dividend Yield n/a

Stock Quote

Trading Day Oct 23, 2020
Last Price $9.35
Previous Close $8.90
Change ($) 0.45
Change (%) 5.06%
Day's Open 8.92
Day's Range 8.90 - 9.43
Day's Volume 1,355,458
52-Week Range 4.67 - 9.66

More Stats

Market Cap 410.96M
Enterprise Value 612.90M
Earnings Date (est) Oct 28, 2020
Ex-Dividend Date n/a
Shares Outstanding 43.95M
Float 40.00M
EPS (basic) 0.33
EPS (diluted) 0.33
FCF / Share 0.00
Dividend n/a
Dividend Yield n/a
Earnings Yield 3.53%
FCF Yield 0.01%
Payout Ratio n/a
Shares Short 2.95M
Short Ratio 7.39
Short % of Float 7.36%
Beta 1.12
PE Ratio 28.33
Forward PE n/a
P/FCF Ratio 9,132.48
PS Ratio 1.09
PB Ratio n/a
Revenue 375.50M
Operating Income 31.73M
Net Income 14.53M
Free Cash Flow 45,000
Net Cash -201.93M
Net Cash / Share -4.59
Gross Margin 67.33%
Operating Margin 8.45%
Profit Margin 3.90%
FCF Margin 0.01%
ROA 7.39%
ROE n/a
ROIC 11.00%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (5)

Buy 3
Overweight 0
Hold 2
Underweight 0
Sell 0

Analyst Consensus: Buy

Price Target

$12.75*
(36.36% upside)
Low
8.00
Current: $9.35
High
17.00
Target: 12.75
*Average 12-month price target from 4 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue412413419512506530563636767679
Revenue Growth-0.36%-1.37%-18.15%1.25%-4.65%-5.89%-11.37%-17.11%13.02%-
Gross Profit249239242333308326340387505351
Operating Income32.1013.685.2564.026.9719.7024.7753.18165-36.17
Net Income7.60-10.67-13.5648.222.4814.7321.1592.89226-36.95
Shares Outstanding42.6541.6641.0240.0239.4239.1539.0438.8038.4437.90
Earnings Per Share0.17-0.26-0.331.200.060.380.542.395.87-0.98
EPS Growth---1900%-84.21%-29.63%-77.41%-59.28%--
Operating Cash Flow19.6415.828.94-49.20-34.03-9.90-9.1534.712.97-12.67
Capital Expenditures-7.19-9.94-7.88-11.00-15.33-13.29-11.50-9.70-12.04-28.89
Free Cash Flow12.465.891.06-60.20-49.36-23.19-20.6525.01-9.07-41.56
Cash & Equivalents70.7564.6057.2244.9517.9025.0648.2070.3932.8642.78
Total Debt258222210194101-----
Net Cash / Debt-187-157-153-149-83.0525.0648.2070.3932.8642.78
Assets304266235250248192235294602627
Liabilities459433503519577533594680192200
Book Value-155-167-269-270-330-341-359-386410427
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Avid Technology, Inc.
Country United States
Employees 1,429
CEO Jeff Rosica

Stock Information

Ticker Symbol AVID
Stock Exchange NASDAQ
Sector Communication Services
Industry Electronic Gaming & Multimedia
Unique Identifier NASDAQ: AVID
IPO Date March 11, 1993

Description

Avid Technology 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; 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 suite. Its audio products and solutions comprise Pro Tools digital audio software solutions to facilitate the audio production process; Sibelius solution to create, edit, and publish musical scores; S6 line of complementary control surfaces and consoles; S1 and S4 audio control surfaces; and VENUE | S6L live sound system for mixing audio for live sound reinforcement. The company also provides Avid Link, a mobile application to connect with other artists, producers, mixers, composers, editors, videographers, movie makers, and graphic designers; FastServe video server that assists broadcasters in making the move to UHD and IP based workflows with a new and modular architecture; and hardware products, such as I/O devices, interfaces, and audio and video processing equipment. In addition, it offers various service contracts and support plans; professional services, such as workflow design and consulting, program and project management, system installation and commissioning, and custom development and role-based product level training; and public and private training to customers and alliance partners, as well as develops and licenses curriculum content for use by third party Avid Learning partners to deliver training to customers, users, and alliance partners. The company was incorporated in 1987 and is headquartered in Burlington, Massachusetts.