Avid Technology, Inc. (AVID)
| Market Cap | 1.19B |
| Revenue (ttm) | 413.46M |
| Net Income (ttm) | 12.95M |
| Shares Out | 44.04M |
| EPS (ttm) | 0.29 |
| PE Ratio | 93.24 |
| Forward PE | 14.24 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 628,934 |
| Open | 27.04 |
| Previous Close | 27.04 |
| Day's Range | 27.03 - 27.05 |
| 52-Week Range | 19.78 - 33.41 |
| Beta | 1.13 |
| Analysts | Hold |
| Price Target | 27.03 (-0.04%) |
| Earnings Date | Nov 21, 2023 |
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 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 ... [Read more]
Financial Performance
In 2022, AVID's revenue was $417.41 million, an increase of 1.82% compared to the previous year's $409.94 million. Earnings were $55.24 million, an increase of 33.47%.
Financial StatementsAnalyst Forecast
According to 5 analysts, the average rating for AVID stock is "Hold." The 12-month stock price forecast is $27.03, which is a decrease of -0.04% from the latest price.
News
Icelandic State Broadcaster RÚV Upgrades Production Capabilities with New Avid | Stream IO
BURLINGTON, Mass., Nov. 21, 2023 (GLOBE NEWSWIRE) -- Leading media and entertainment technology provider Avid ® has signed a multi-year subscription agreement with Icelandic state broadcaster RÚV to ...
STG Completes Acquisition of Avid Technology
BURLINGTON, Mass., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Avid Technology, Inc. (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, today announced the completio...
Brazil's Record TV Upgrades Studios with Avid Audio Solutions to Power Top TV Broadcasts
Record TV, one of Brazil's leading TV broadcasters, has upgraded its audio post-production studios with Avid's Pro Tools | HDX and MTRX Studio interfaces.
Avid Joins Roybal School of Film and Television Production Magnet
BURLINGTON, Mass., Oct. 12, 2023 (GLOBE NEWSWIRE) -- Avid ® (Nasdaq: AVID) is continuing its mission to help more people gain skills for successful careers in the entertainment industry as the first t...
AVID TECHNOLOGY INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Avid Technology, Inc. - AVID
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Avid Technology,...
Avid Unveils Pro Tools Sketch for Modern Music Creators and to Expand Pro Tools Workflows
New iPad app and added capability to Pro Tools desktop software enables musicians to quickly capture new ideas and experiment with arrangements anywhere New iPad app and added capability to Pro Tools ...
ITV Studios' International Production Arm Extends Partnership with Avid to Standardize and Streamline Post-Production Workflows
International production labels across 11 countries and part of ITV PLC, which includes the UK's biggest commercial broadcaster, sign new subscription deal to upgrade editing and storage workflows Int...
ITV Partners with Avid to Upgrade Its National and Regional News Production Systems
UK's biggest commercial broadcaster signs subscription deal to modernize news editing, storage and management workflows UK's biggest commercial broadcaster signs subscription deal to modernize news ed...
Avid Brings Next Wave of Audio Production Innovations to IBC2023 Show
Tighter Pro Tools integration with Media Composer and prominent partner tools accelerate production of rich audio experiences for TV and film Tighter Pro Tools integration with Media Composer and prom...
Avid Unveils Innovations at IBC2023 Show to Drive the Open and Collaborative Future of Media Production
New product introductions and demonstrations harness artificial intelligence and third-party integrations to accelerate television, film and news production workflows New product introductions and dem...
Avid Launches Stream IO Subscription-based Ingest & Playout Platform for Next-Generation Media Production
Now available, and to be featured at the IBC2023 Show, Avid | Stream IO delivers unparalleled speed, adaptable media format support and flexible deployment Now available, and to be featured at the IBC...
Avid Augments Sibelius with AI-powered Auto-complete Chord Symbols
Latest software release provides cutting-edge functionality to speed up chord notation workflows Latest software release provides cutting-edge functionality to speed up chord notation workflows
Avid Launches Media Composer Panel Software Development Kit to Propel Third-Party Innovation for Media's Top Editing Tool
Technology Vendors and Customers Can Integrate Apps and Services Directly into Media Composer to Streamline Workflows Technology Vendors and Customers Can Integrate Apps and Services Directly into Med...
Avid Showcases the Power of AI-Driven Capabilities in Media Composer to Enhance Creative Intelligence
Avid's newly available PhraseFind AI and ScriptSync AI enable editors to focus on the quality of content, eliminate redundant tasks and accelerate project delivery
Avid Learning Summit London Tackles the Skills Gap in Media and Entertainment Industry
Avid brings a Europe-focused Learning Summit to London's Ravensbourne University on September 9, offering students and educators a free full-day program with connections to industry leaders Avid bring...
Avid's VENUE 7.2 Audio Software Gives Live Sound Engineers Greater Command of Their Shows
New unlimited patching possibilities enable audio engineers to elevate their vision for live production New unlimited patching possibilities enable audio engineers to elevate their vision for live pro...
Al Jazeera Extends Relationship with Avid to Enable Subscription and SaaS Cloud-Based Production for Thousands of Users Around the World
Global broadcaster signs multi-year agreement to upgrade to Avid's global tech platform and subscription tools Global broadcaster signs multi-year agreement to upgrade to Avid's global tech platform a...
Avid Artists Interviews Shine a Light on Emmy® Award-nominated Editors from the Avid User Community
Get fresh backstories and inspiration through Avid-produced interviews and profiles of gifted editors competing across comedy, drama, reality and other award categories Get fresh backstories and inspi...
AVID Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Avid Technology, Inc. Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Avid Technology, Inc. (NASDAQ: AVID) to an affiliate of STG for $27.05 in cash per share ...
Avid Technology Announces Q2 2023 Results
Total revenue of $108.5 million, an increase of 11.1% year-over-year or 13.0% at constant currency Subscription Annual Recurring Revenue (ARR) of $154 million at quarter end, an increase of 27.0% year...
Avid Technology Enters into Definitive Agreement to Be Acquired by an Affiliate of STG for $1.4 Billion
Stockholders to Receive $27.05 Per Share in Cash Transaction Represents 32.1% Premium to Avid's Unaffected Share Price on May 23, 2023 Avid to Become a Privately Held Company Upon Completion of the Tr...
Avid Technology Announces Conference Call to Discuss Second Quarter 2023 Financial Results
BURLINGTON, Mass., Aug. 03, 2023 (GLOBE NEWSWIRE) -- Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, announced today that Jeff Rosica, Chief Execu...
Avid's Learning Summits Aim to Bridge Media and Entertainment Industry's Skills Gap for Students and Educators
Avid hosts free full-day program July 29 at Musicians Institute in Los Angeles to prepare talented creative people for work in film, TV and music production Avid hosts free full-day program July 29 at...
Avid Delivers Pro Tools Innovation with Track Markers and Expanded Immersive Mixing Workflows
Pro Tools 2023.6 software also introduces new track widths, Pro Tools | Carbon surround monitoring and more Pro Tools 2023.6 software also introduces new track widths, Pro Tools | Carbon surround moni...
Signature Post Unveils State-of-the-art Audio Post Facility Powered by Avid Solutions
Leading Hollywood post house integrates Pro Tools systems for remote production workflows Leading Hollywood post house integrates Pro Tools systems for remote production workflows