Avid Technology, Inc. AVID
Nov 6, 2023, 3:59 PM EST
52-week range unavailable
- Market cap
- 1.19B
- Revenue (ttm)
- 413.46M
- Profit margin
- 3.13%
- Shares out
- 44.04M
- Forward P/E
- 14.38
- Dividend yield
- 4.58%
- Volume
- 412.36K
- Open
- 27.04
- Previous close
- 27.05
- Day's range
- 27.04 – 27.05
- Beta
- 1.13
- Analysts
- Hold
- Price target
- 27.03 (-0.1%)
- Earnings date
- Nov 6, 2023
2Y -1.96 (-6.76%)
Key statistics
- Enterprise value
- 1.41B
- PEG ratio
- 1.16
- Price / sales
- 2.88
- Price / book
- 0.00
- Dividend yield
- 4.58%
- Payout ratio
- 0.00%
- Revenue growth
- -11.60%
- Free cash flow
- -31.63M
- Total cash
- 20.96M
- Total debt
- 241.35M
- Return on equity
- 0.00%
- Short % of float
- 4.88%
- 50-day average
- 26.88
- 200-day average
- 27.05
Analyst view
Consensus: hold
- Target (low)
- 27.00
- Target (mean)
- 27.03
- Target (high)
- 27.05
- Strong buy1
- Buy0
- Hold2
- Sell0
- Strong sell0
Next earnings
Nov 6, 2023
Expected Nov 6, 2023. Consensus EPS estimate 0.67.
Financials — quick view
Earnings
| Report date | Quarter ending | EPS estimate | EPS reported | Surprise | Surprise % |
|---|---|---|---|---|---|
| Nov 6, 2023 | Sep 1, 2023 | 0.52 | — | — | — |
| Aug 9, 2023 | Jun 1, 2023 | 0.22 | — | — | — |
| May 4, 2023 | Mar 1, 2023 | 0.25 | — | — | — |
| Mar 1, 2023 | Dec 1, 2022 | 0.47 | — | — | — |
| Nov 8, 2022 | Sep 1, 2022 | 0.32 | — | — | — |
| Aug 2, 2022 | Jun 1, 2022 | 0.25 | — | — | — |
Upgrades / downgrades
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Aug 14, 2023 | Truist Securities | down | Buy | Hold |
| Aug 9, 2023 | Northland Capital Markets | down | Outperform | Market Perform |
| Aug 9, 2023 | B. Riley Securities | down | Buy | Neutral |
| Aug 9, 2023 | Rosenblatt | main | Neutral | Neutral |
| Aug 9, 2023 | Jefferies | main | Hold | Hold |
| Mar 2, 2023 | Rosenblatt | reit | — | Neutral |
About Avid Technology, Inc.
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.
- Sector
- Technology
- Industry
- Software—Application
- Country
- United States
- Website
- avid.com
News
AVID Partners with Super League to Launch Educational Experience on Roblox Focused on Executive Function and Durable Skills 
AVID BIOSERVICES INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Avid Bioservices, Inc. - CDMO 
AVID BIOSERVICES INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Avid Bioservices, Inc. - CDMO 
Icelandic State Broadcaster RÚV Upgrades Production Capabilities with New Avid | Stream IO 
Alpha Metallurgical Resources Set to Join S&P SmallCap 600 
STG Completes Acquisition of Avid Technology 
Brazil's Record TV Upgrades Studios with Avid Audio Solutions to Power Top TV Broadcasts 
Avid Joins Roybal School of Film and Television Production Magnet 
From Taylor Swift and Beyoncé to blockchain and AI: Music ETF CEO eyes the next big thing 
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
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Insider holders
| Insider | Relation | Latest transaction | Date | Shares held |
|---|---|---|---|---|
| ASMAR CHRISTIAN A. | Director and Beneficial Owner of more than 10% of a Class of Security | Stock Award(Grant) | May 24, 2023 | 7,174,570 |
| BAKISH ROBERT M | Director | Stock Award(Grant) | May 24, 2023 | 717,935 |
| BOGGS PAULA ELAINE | Director | Stock Award(Grant) | May 24, 2023 | 128,634 |
| DALEY ELIZABETH M | Director | Stock Award(Grant) | May 24, 2023 | 155,629 |
| HAWTHORNE NANCY | Director | Stock Award(Grant) | May 24, 2023 | 127,741 |
| ROSICA JEFF | Chief Executive Officer | Stock Award(Grant) | Mar 14, 2023 | 1,164,570 |
Institution ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Impactive Capital, LP | 16.19% | 7,131,793 | 181.86M | Jun 29, 2023 |
| Blackrock Inc. | 12.11% | 5,332,040 | 135.97M | Jun 29, 2023 |
| FMR, LLC | 9.89% | 4,353,608 | 111.02M | Jun 29, 2023 |
| Vanguard Group Inc | 6.69% | 2,946,515 | 75.14M | Jun 29, 2023 |
| Royce & Associates LP | 5.40% | 2,377,807 | 60.63M | Jun 29, 2023 |
| Dimensional Fund Advisors LP | 2.87% | 1,262,170 | 32.19M | Jun 29, 2023 |
Fund ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| iShares Core S&P Smallcap ETF | 5.20% | 2,289,447 | 61.52M | Sep 29, 2023 |
| Fidelity Small Cap Growth Fund | 2.59% | 1,140,214 | 27.18M | Jul 30, 2023 |
| Vanguard Total Stock Market Index Fund | 2.32% | 1,022,457 | 26.07M | Jun 29, 2023 |
| Royce Premier Fund | 1.99% | 875,684 | 22.33M | Jun 29, 2023 |
| iShares Russell 2000 ETF | 1.76% | 775,025 | 20.66M | Aug 30, 2023 |
| Arbitrage Fund | 1.37% | 604,000 | 16.10M | Aug 30, 2023 |