|Bid||23.07 x 1300|
|Ask||23.93 x 800|
|Day's range||23.03 - 23.91|
|52-week range||19.78 - 33.41|
|Beta (5Y monthly)||1.21|
|PE ratio (TTM)||24.09|
|Earnings date||31 July 2023 - 04 Aug 2023|
|Forward dividend & yield||N/A (N/A)|
|1y target est||36.50|
Avid Technology (NASDAQ: AVID), a storied maker of film-, video-, and audio-editing solutions, is apparently for sale, and investors have become excited about the prospect of a lucrative deal. Wednesday afternoon, Reuters reported that Avid is exploring a potential sale. Although the company is a storied name in its field, prior to the Reuters report its stock price had fallen by nearly 20% year to date.
BURLINGTON, Mass., May 18, 2023 (GLOBE NEWSWIRE) -- Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, today announced that Jeff Rosica, its Chief Executive Officer and President, and Ken Gayron, its Executive Vice President and Chief Financial Officer, will be participating in two upcoming investor conferences. Event details:J.P. Morgan 51st Annual Global Technology, Media and Communications ConferenceFireside ChatDate: Tuesday, May 23, 2023 Ti
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Avid (AVID) delivered earnings and revenue surprises of -40% and 3%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
Subscription ARR of $150 million, an increase of 30.1% year-over-year, and total Annual Recurring Revenue (ARR) of $247 million, an increase of 8.1% year-over-year Subscription revenue of $39.4M, an increase of 19.5% year-over-year, driven by a net increase of 20,700 Active Paid Software Subscriptions in the quarter Reaffirming 2023 annual guidance BURLINGTON, Mass., May 04, 2023 (GLOBE NEWSWIRE) -- Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment indus
BURLINGTON, Mass., April 27, 2023 (GLOBE NEWSWIRE) -- Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, announced today that Jeff Rosica, Chief Executive Officer and President, and Ken Gayron, Chief Financial Officer and Executive Vice President, will host a conference call on Thursday, May 4, 2023, at 5:30 p.m. ET to discuss the company's earnings for the first quarter of 2023, ended March 31, 2023, which will be published after the market clo
Avid’s Works with Avid On Demand program enables seamless, secure industry-standard product integrations to accelerate content productionBURLINGTON, Mass., April 18, 2023 (GLOBE NEWSWIRE) -- Avid® (Nasdaq: AVID) has launched a new partner program, Works with Avid On Demand, that enables customers to expand their workflow capabilities through a growing range of certified industry-standard tools and apps from third-party vendors. Avid | Edit On Demand, the turnkey editorial-in-the-cloud SaaS solut
Avid Technology (AVID) launches its latest Nexis Cloud Nearline Storage and Stream IO to improve production and storage facilities, suggesting a strong product pipeline and expanding clientele.
Transitions towards cloud-based workflows and enhances audio production capabilities GBH Transforms Collaborative Workflows with Avid Enterprise Solutions GBH uses Avid solutions in their broadcast news and TV production BURLINGTON, Mass., April 17, 2023 (GLOBE NEWSWIRE) -- Avid® (Nasdaq: AVID) today announced an expanded relationship with GBH and The OutPost, its award-winning audio and post production finishing facility. The continued relationship with GBH, the largest content creator for publ
Avid NEXIS | Cloud Nearline Storage now available to ease data storage costs for content creation teams Avid NEXIS | Cloud Nearline Storage Avid NEXIS | Cloud Nearline Storage now available to ease data storage costs for content creation teams BURLINGTON, Mass., April 14, 2023 (GLOBE NEWSWIRE) -- Avid® (Nasdaq: AVID) today announced the availability of Avid NEXIS | Cloud Nearline Storage for Avid | Edit On Demand, bringing highly cost-efficient nearline storage to cloud-based content creation wo
Tech preview to be featured at the upcoming NAB Show, demonstrating the scalable software solution for fast-turnaround workflows, with support for emerging formats and deployment models Avid Stream IO solution Debuting at NAB Show in a tech preview, Avid's Stream IO solution. BURLINGTON, Mass., April 14, 2023 (GLOBE NEWSWIRE) -- Avid® (Nasdaq: AVID) is today announcing the tech preview demo at NAB Show of Avid | Stream IO™, a new flexible software-based platform for production ingest and playout
New production workflows provide ultimate production flexibility and operational efficiency using Avid Media Composer, Avid NEXIS storage and MediaCentral platform on TelevisaUnivision’s digital transformation partner Google Cloud TelevisaUnivision and Avid Technology Developing Production Workflows on Google Cloud TelevisaUnivision moves to the cloud with Avid and Google solutions BURLINGTON, Mass., April 14, 2023 (GLOBE NEWSWIRE) -- Avid Technology (Nasdaq: AVID) and TelevisaUnivision, the lea
Avid Technology (AVID) launches its latest pro tools to provide post-production audio facilities, improving the growing pro tools community capabilities.
MTRX II builds on the reliability of Pro Tools | MTRX while also delivering the Thunderbolt 3 Module to significantly improve capabilities and efficiency for the growing Pro Tools user community Avid Debuts New Pro Tools | MTRX II Audio Interface at NAMM Show to Elevate Creative Power of Audio Post Production Users The MTRX II audio interface with Pro Tools BURLINGTON, Mass., April 12, 2023 (GLOBE NEWSWIRE) -- Avid® (Nasdaq: AVID) today announced its new all-in-one audio interface, Pro Tools | M
New and innovative cloud-based workflow integrates Avid MediaCentral, Sony Electronics’ C3 Portal gateway service and Marquis software to get news to air faster than ever Avid MediaCentral in studio Sinclair accelerates news gathering with Avid, Sony and Marquis BURLINGTON, Mass., April 12, 2023 (GLOBE NEWSWIRE) -- Sinclair is deploying innovative cloud-based news and content gathering and production workflows by combining technologies from Avid® (Nasdaq: AVID), Sony and Marquis Broadcast. This
New Media Composer for Students program prepares learners for media careers built on knowing the top tool of video storytelling Media Composer for Students Media Composer is free to all college/post-secondary students BURLINGTON, Mass., April 12, 2023 (GLOBE NEWSWIRE) -- The steady escalation of video viewing on all consumer platforms is intensifying the already acute demand for media production talent and, in particular, for TV and film editors. In response, Avid® (NASDAQ: AVID) is now offering
Offered exclusively for Avid | VENUE S6L, Soothe Live automatically corrects resonant frequencies, allowing users to focus on their music and creativity Avid and oeksound Deliver Game-Changing In-Studio Sound Quality to Live Sound Soothe Live is available exclusively on Avid’s VENUE | S6L® platform BURLINGTON, Mass., April 10, 2023 (GLOBE NEWSWIRE) -- Avid® (Nasdaq: AVID) today announced the integration of oeksound’s Soothe Live mixing plug-in available exclusively on Avid’s VENUE | S6L™ platfor
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New Avid NEXIS | F2 SSD storage engine enables media production teams to scale and collaborate on editorial finishing, VFX, animation, color grading and DI workflows Avid Nexis F2 SSD Flash Storage Engine Avid's NEXIS F2 SSD accelerates ultra high-resolution video workflows BURLINGTON, Mass., March 29, 2023 (GLOBE NEWSWIRE) -- Complementing the Avid NEXIS® family of media production storage solutions, Avid® (Nasdaq: AVID) today unveiled the next generation of its shared solutions with the new Av
Multiplatinum artist and sound engineer Matt Lange leads new Sonic Drop content program while also delivering PlayCell virtual instrument in latest Pro Tools release Pro Tools 2023.3 with PlayCell Pro Tools | PlayCell is a virtual sample player instrument that offers an extensive library of instruments. BURLINGTON, Mass., March 24, 2023 (GLOBE NEWSWIRE) -- Avid® (Nasdaq: AVID) today announced updates to its Pro Tools® software that offers significant performance and processing improvements throu
Thousands of video and audio editors, producers, artists, educators, students, technical staff and developers can claim their valuable distinction Avid’s Global User Community Shows Off Its Media Production Skills Certification with New Badges & Digital Credentials The new Avid Media Composer Certified Specialist Badge BURLINGTON, Mass., March 22, 2023 (GLOBE NEWSWIRE) -- Avid® (Nasdaq: AVID) has turned on its new Badges & Digital Credentials program to bring instantaneous recognition to highly
Hosted by The Sidney Poitier New American Film School, attendees will have the opportunity to learn from industry specialists and gain valuable hands-on experience with Avid’s latest storytelling solutions for audio and video post productionBURLINGTON, Mass., March 15, 2023 (GLOBE NEWSWIRE) -- Avid® (Nasdaq: AVID) today announced the next stop for its World Vision Tour, when experts from Avid and ALT Systems, as well as special guest editors Lori Jane Coleman, ACE, and Bobbi Banks, will meet at
Avid’s Media Composer and Pro Tools provide the essential advantage for a vast majority productions recognized during the 2023 awards seasonBURLINGTON, Mass., March 14, 2023 (GLOBE NEWSWIRE) -- Avid® (Nasdaq: AVID) congratulates its award-winning and nominated customers for their creative achievements at this year’s prestigious entertainment industry awards, including the Oscars®, BAFTAs and the American Cinema Editors (ACE) Eddies. A vast majority of productions recognized across categories wer
Avid (AVID) delivered earnings and revenue surprises of -4.26% and 1.76%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Q4 revenue of $116.1M, which includes a ($3.3M) one-time non-cash adjustment, was in the middle of the implied Q4 guidance range; excluding the adjustment, Q4 revenue of $119.4M would have been at the high end of the implied Q4 guidance range Subscription ARR of $141.3M, an increase of 37.1% year-over-year and 38.8% at constant currency, and total ARR of $244.9M, an increase of 10.2% year-over-year and 13.4% at constant currency Exceeded 500,000 paid Cloud-Enabled Software Subscriptions as of De