AVID Company Profile and Key Details

Q: Who are the executives of AVID?

Mr. David ToomeySenior Vice President & GM of Audio and Music SolutionsMr. Dave PerilloSenior Vice President of Operations & Supply ChainMr. Jeff RosicaPres, Chief Executive Officer & DirectorMr. Kevin W. RileyChief Technology Officer & Senior Vice PresidentMr. Whit RappoleVice President of Corporation Devel. & Investor RelationsMr. Tom J. A. CordinerChief Revenue Officer & Senior Vice PresidentMr. Peter M. EnnisSenior Vice President of Global Services & SupportMs. Joyce ButlerChief HR Officer & SVice PresidentMs. Alessandra MelloniCorporation Sec., Gen. Counsel, Chief Ethics and Compliance Officer & Senior Vice PresidentMr. Timothy ClamanSenior Vice President and GM of Video & Media SolutionsMr. Peter M. Ennis I. Eng MIETSenior Vice President of Global Services & SupportMr. Jeffrey RosicaPres, Chief Executive Officer & DirectorMs. Mariesa VictoriaVice President & Chief Accounting OfficerMr. Kenneth L. GayronExecutive Vice President, Chief Financial Officer, Principal Financial Officer & Corporation Treasurer

NASDAQ : AVID

Avid Technology

$27.05

0.005+0.02%

At Close 4:00 PM

Not Actively Trading

71.83

BESG ScoreESG Rating

Profile Key Stats Analyst Ratings Ownership Ratios Financials Dividend & splits Sentiment Forecast

Price Chart

Stock Price Today

Avid Technology, Inc. (AVID) stock surged +0.02%, trading at $27.05 on NASDAQ, up from the previous close of $27.04. The stock opened at $27.04, fluctuating between $27.04 and $27.05 in the recent session.

Stock Snapshot

27.04

Prev. Close

1.19B

Market Cap

27.035

Day Low

37.5625

P/E Ratio

0.72

EPS (TTM)

-0.53

Cash Flow per Share

27.04

Open

44.04M

Number of Shares

27.05

Day High

76.14%

Free Float in %

-2.79

Book Value

412.36K

Volume

Relevant Articles

SEC Fillings

Current Report (8-k)

Filing Date	Accepted Date

Annual Report (10-k)

Filing Date	Accepted Date

Stock Price History Chart

Date	Open	High	Low	Close	Volume
Nov 07, 2023	27.04	27.04	27.04	27.04	0
Nov 06, 2023	27.04	27.05	27.03	27.04	549.79K
Nov 03, 2023	27.04	27.05	27.03	27.04	523.94K
Nov 02, 2023	27.03	27.05	27.00	27.00	1.06M
Nov 01, 2023	27.01	27.03	27.01	27.02	363.27K
Oct 31, 2023	26.99	27.04	26.99	27.02	384.4K
Oct 30, 2023	27.00	27.01	26.99	27.00	345.85K
Oct 27, 2023	26.99	27.01	26.98	26.99	730.83K
Oct 26, 2023	26.98	27.00	26.96	27.00	875.8K
Oct 25, 2023	26.96	26.98	26.96	26.97	923.8K
Oct 24, 2023	26.99	27.00	26.96	26.97	892.7K
Oct 23, 2023	26.99	27.00	26.97	26.98	727.13K
Oct 20, 2023	26.93	26.95	26.91	26.93	519.01K
Oct 19, 2023	26.93	26.97	26.92	26.93	365.14K
Oct 18, 2023	26.90	26.94	26.89	26.91	423.58K
Oct 17, 2023	26.89	26.94	26.89	26.91	327.63K
Oct 16, 2023	26.92	26.95	26.89	26.89	246.55K
Oct 13, 2023	26.90	26.93	26.89	26.90	479.93K
Oct 12, 2023	26.90	26.94	26.87	26.90	373.79K
Oct 11, 2023	26.89	26.91	26.88	26.91	226.51K

Contact Details

Burlington, MA 01803

United States

https://www.avid.com 978 640 6789

About Company

Avid Technology, Inc. designs, markets, distributes, and backs integrated software and hardware platforms worldwide for the entire workflow of video and audio content, from inception to delivery. The company's diverse video portfolio encompasses Media Composer, a cloud-powered platform for video editing; Avid NEXIS shared storage systems; Maestro solutions, which seamlessly integrate virtual sets, augmented reality, and video wall control within production pipelines; AirSpeed 5000 and 5500 on-air server solutions; and the comprehensive MediaCentral media production suite. For audio professionals, Avid's offerings feature Pro Tools digital audio workstation software, streamlining the entire audio production workflow; Sibelius, enabling the creation, editing, and publication of musical scores; the S6 series of advanced control surfaces and mixing consoles; S1 and S4 audio control surfaces; and the VENUE | S6L live sound system, designed for mixing audio in live sound reinforcement environments. Beyond core software, Avid provides Avid Link, a mobile application fostering connection among artists, producers, mixers, composers, editors, videographers, filmmakers, and graphic designers. They also offer FastServe, a modular video server crafted to facilitate broadcasters' transition to UHD and IP-based workflows, along with essential hardware components, including I/O devices, specialized interfaces, and audio/video processing gear. Furthermore, the company delivers diverse maintenance agreements and technical support. Its expert professional services encompass workflow architecture and consultation, program and project oversight, system setup and commissioning, custom development, and role-specific product training. Avid also conducts both public and private training sessions for clients and collaborators, and develops and licenses educational curricula for use by authorized Avid Learning partners. Avid Technology was established in 1987 and maintains its headquarters in Burlington, Massachusetts.

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Company Overview

Avid Technology, Inc. (NASDAQ:AVID) closed at $27.05 USD, gaining $0.01 (0.02%) from the previous close of $27.04. The stock is currently mid-range between its 52-week high and low $19.78 and $33.41. With a market capitalization of about $1.19 billion, Avid Technology, Inc. is classified as a small-cap and shows market-like volatility (beta ~1.13). Key stats such as the average daily volume over the past year has been around 676.34 thousand shares, volume is running light vs its 52-week average. Headquartered in Burlington, MA, Avid Technology, Inc. operates in the Technology sector and the Electronic Gaming & Multimedia industry. Led by CEO Jeffrey Rosica, the company employs approximately 1,485 people and listed since March 12, 1993. Avid Technology, Inc. designs, markets, distributes, and backs integrated software and hardware platforms worldwide for the entire workflow of video and audio content, from inception to delivery.

Technical Performance

AVID has shown sold momentum, gaining 10.77% over the past week and 18.37% over the past quarter, though year-to-date performance is up 7.53%.

Valuation Metrics

Avid Technology, Inc. trades at a P/E ratio of 21.8, slightly below the S&P 500 average, with a price-to-sales ratio of 2.85 and a price-to-book ratio of -10.14 indicating negative book value, which may reflect financial stress. The P/FCF stands at 36.35, also above market averages.

Dividend & Fair Value

Avid Technology, Inc. last paid a dividend of 0 per share, Dividend and splits history remains an important factor for investors monitoring long-term returns. A discounted cash flow model estimates fair value at around $7.19. This means the shares are trading above this model’s fair value.

Earnings & Analyst Outlook

Avid Technology, Inc. earnings surprise history is a mixed track record. The quarter that ended November 14, 2023, missed forecasts by -44.23%. The prior quarter beat by 0.0%. Over the last six quarters, Apple has recorded several small beats. These include 4.0% in August 02, 2022.

Financial & Profitability Overview

Over the trailing twelve months, Avid Technology generated $417.41M in revenue, or $9.31 per share. Gross margin was 65.75%, operating margin 12.90%, and net profit margin 13.23%. Returns are negative, with ROA at 19.22% and ROE at -46.51%.
On valuation metrics, Avid Technology trades at a P/E of 21.80, P/S of 2.85 and P/B of -10.14. Liquidity is tight, with a current ratio of 0.94 and quick ratio of 0.83. Operationally, the company’s inventory turnover is 6.81 and cash conversion cycle is 31.81 days. Debt-to-equity is -1.71, supported by a cash flow-to-debt ratio of 0.24.

Quarterly Financial Highlights

For the quarter ended Dec 31, 2022, Avid Technology posted revenue of $417.41M, down slightly from $409.94M in the prior quarter. Gross profit was $274.44M (margin 65.75%). Operating income was $53.86M (margin 12.9%). Net income was$55.24M (EPS $1.24).
The company ended the quarter with $35.25M in cash and short-term investments, a total debt of $203.14M, and net debt of $167.89M. Total assets were $287.45M, with equity of - $118.78M. Financials further reflected stability, with operating cash flow of $48.02M, free cash flow of $32.77M, and capital expenditures of - $15.25M.

Price Forecast & Outlook

Our AI price prediction model suggests that Avid Technology, Inc. stock has strong potential for upside but may face short-term weakness followed by gains in the medium and long term. 2-Week Outlook: Projected increase of 0.26%, with price expected at $27.11 by November 21, 2023, within a range of $26.13 to $28.05 3-Month Outlook: Projected rise of 14.02%, reaching $30.83 by February 01, 2024, with a range of $30.25 to $31.52. 1-Year Outlook: Projected gain of 25.67%, with price at $33.98 by November 06, 2024, within a range of $31.91 to $36.22.

Key Takeaways

Avid Technology, Inc. (NASDAQ:AVID) shares are flat 7.53% year-to-date Short-term momentum has been positive over the last quarter, despite recent volatility. Valuation shows Avid Technology, Inc. trading at a premium to the broader market with a P/E of 21.8. Our AI forecast model points to short-term strength (0.26% over two weeks), a medium-term rise (14.02% over three months), and a longer-term gain (25.67% over one year), with expected trading ranges indicating moderate volatility.

Frequently Asked Questions

What is the current Avid Technology, Inc. (AVID) stock price?

Avid Technology, Inc. (NASDAQ: AVID) stock price is $27.05 in the last trading session. During the trading session, AVID stock reached the peak price of $27.05 while $27.04 was the lowest point it dropped to. The percentage change in AVID stock occurred in the recent session was 0.02% while the dollar amount for the price change in AVID stock was $0.01.

AVID's industry and sector of operation?

The NASDAQ listed AVID is part of Electronic Gaming & Multimedia industry that operates in the broader Technology sector. Avid Technology, Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide.

Who are the executives of AVID?

Mr. David Toomey
Senior Vice President & GM of Audio and Music Solutions
Mr. Dave Perillo
Senior Vice President of Operations & Supply Chain
Mr. Jeff Rosica
Pres, Chief Executive Officer & Director
Mr. Kevin W. Riley
Chief Technology Officer & Senior Vice President
Mr. Whit Rappole
Vice President of Corporation Devel. & Investor Relations
Mr. Tom J. A. Cordiner
Chief Revenue Officer & Senior Vice President
Mr. Peter M. Ennis
Senior Vice President of Global Services & Support
Ms. Joyce Butler
Chief HR Officer & SVice President
Ms. Alessandra Melloni
Corporation Sec., Gen. Counsel, Chief Ethics and Compliance Officer & Senior Vice President
Mr. Timothy Claman
Senior Vice President and GM of Video & Media Solutions
Mr. Peter M. Ennis I. Eng MIET
Senior Vice President of Global Services & Support
Mr. Jeffrey Rosica
Pres, Chief Executive Officer & Director
Ms. Mariesa Victoria
Vice President & Chief Accounting Officer
Mr. Kenneth L. Gayron
Executive Vice President, Chief Financial Officer, Principal Financial Officer & Corporation Treasurer

How AVID did perform over past 52-week?

AVID's closing price is 36.73% higher than its 52-week low of $19.78 where as its distance from 52-week high of $33.41 is -19.05%.

How many employees does AVID have?

Number of AVID employees currently stands at 1,485.

Link for AVID official website?

Official Website of AVID is: https://www.avid.com

How do I contact AVID?

AVID could be contacted at phone 978 640 6789 and can also be accessed through its website. AVID operates from 75 Network Drive, Burlington, MA 01803, United States.

How many shares of AVID are traded daily?

AVID stock volume for the day was 412.36K shares. The average number of AVID shares traded daily for last 3 months was 676.34K.

What is the market cap of AVID currently?

The market value of AVID currently stands at $1.19B with its latest stock price at $27.05 and 44.04M of its shares outstanding.

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Employees	1485
Beta	1.13
Sales or Revenue	$417.41M
5Y Sales Change%	0%
Fiscal Year Ends	December
Sector	Technology
Industry	Electronic Gaming & Multimedia

AVID Company Profile and Key Details

Avid Technology

Price Chart

Stock Price Today

Stock Snapshot

Relevant Articles

SEC Fillings

Current Report (8-k)

Annual Report (10-k)

Stock Price History Chart

Contact Details

About Company

Company Information

Stock Peers

Company Overview

Technical Performance

Valuation Metrics

Dividend & Fair Value

Earnings & Analyst Outlook

Financial & Profitability Overview

Quarterly Financial Highlights

Price Forecast & Outlook

Key Takeaways

Frequently Asked Questions

Technical Performance

Earnings & Analyst Outlook

Financial & Profitability Overview

Quarterly Financial Highlights

Price Forecast & Outlook

Key Takeaways

Dividend & Fair Value

Company Overview

Valuation Metrics