Avid Technology (AVID) Stock Price, News & Analysis

Company Overview

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 in the United States and internationally. 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 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; S1 and dock line audio control surface; S4 and S6 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 maintenance contracts and support services; 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. Avid Technology, Inc. was incorporated in 1987 and is headquartered in Burlington, Massachusetts.

Key Stats

• Today's Range: $27.04 to $27.04
• 50-Day Range: $26.84 to $27.04
• 52-Week Range: $19.78 to $33.41
• Volume: N/A
• Average Volume: 483,812 shs
• Market Capitalization: $1.19 billion
• P/E Ratio: 37.04
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Avid Technology Stock Analysis - MarketRank™

Avid Technology scored higher than 46% of companies evaluated by MarketBeat, and ranked 455th out of 658 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Avid Technology.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 44.76%

Earnings Growth

Earnings for Avid Technology are expected to grow by 44.76% in the coming year, from $1.05 to $1.52 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Avid Technology is 37.04, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.02.

Price to Earnings Ratio vs. Sector

The P/E ratio of Avid Technology is 37.04, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 231.25.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for AVID.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Avid Technology does not currently pay a dividend.

Dividend Growth

Avid Technology does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 4.0 / 5
• Environmental Score: -0.45

Short Interest

There is no current short interest data available for AVID.

News and Social Media

• Score: 0.0 / 5
• News Sentiment: 0.32

News Coverage This Week

MarketBeat has tracked 8 news articles for Avid Technology this week, compared to 10 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Avid Technology insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 7.00% of the stock of Avid Technology is held by insiders.

Percentage Held by Institutions

84.96% of the stock of Avid Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

AVID Stock Analysis - Frequently Asked Questions

How were Avid Technology's earnings last quarter?

Avid Technology, Inc. (NASDAQ:AVID) announced its quarterly earnings results on Tuesday, November, 9th. The technology company reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.02. The technology company had revenue of $101.64 million for the quarter, compared to the consensus estimate of $96.98 million. Avid Technology had a net margin of 7.59% and a negative trailing twelve-month return on equity of 27.20%.

Does Avid Technology have any subsidiaries?

The following companies are subsidiaries of Avid Technology: Orad Hi-Tech Systems, Rocket Network, Euphonix, Blue Order Solutions, Maximum Throughput, Sibelius, Sundance Digital, and others.

What other stocks do shareholders of Avid Technology own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Avid Technology investors own include NVIDIA (NVDA), Meta Platforms (META), PayPal (PYPL), Micron Technology (MU), Tesla (TSLA), Advanced Micro Devices (AMD) and Alibaba Group (BABA).

Company Calendar

• Last Earnings: 11/09/2021
• Today: 11/13/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Prepackaged software
• Sub-Industry: Computer Hardware
• Current Symbol: NASDAQ:AVID
• CUSIP: 05367P10
• CIK: 896841
• Web: www.avid.com
• Phone: (978) 640-6789
• Fax: 978-640-3366
• Employees: 1,485
• Year Founded: 1987

Profitability

• EPS (Most Recent Fiscal Year): $0.73
• Trailing P/E Ratio: 37.04
• Forward P/E Ratio: 25.75
• P/E Growth: N/A
• Net Income: $55.24 million
• Net Margins: 7.59%
• Pretax Margin: 4.87%
• Return on Equity: -27.20%
• Return on Assets: 12.39%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.06
• Quick Ratio: 0.89

Sales & Book Value

• Annual Sales: $417.41 million
• Price / Sales: 2.85
• Cash Flow: $1.26 per share
• Price / Cash Flow: 21.42
• Book Value: ($2.72) per share
• Price / Book: -9.94

Miscellaneous

• Outstanding Shares: 44,040,000
• Free Float: 40,955,000
• Market Cap: $1.19 billion
• Optionable: Optionable
• Beta: 1.13