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Avid Technology Inc   (AVID)
Other Ticker:  
 
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology
 
Price: $24.0600 $-0.12 -0.496%
Day's High: $24.52 Week Perf: 15.56 %
Day's Low: $ 23.98 30 Day Perf: -16.8 %
Volume (M): 549 52 Wk High: $ 33.41
Volume (M$): $ 13,204 52 Wk Avg: $27.21
Open: $24.10 52 Wk Low: $19.78



 Market Capitalization (Millions $) 1,054
 Shares Outstanding (Millions) 44
 Employees 1,522
 Revenues (TTM) (Millions $) 415
 Net Income (TTM) (Millions $) 44
 Cash Flow (TTM) (Millions $) -21
 Capital Exp. (TTM) (Millions $) 16

Avid Technology Inc
We provide an open, integrated, and comprehensive technology platform, along with applications and services that enable the creation, distribution, and monetization of audio and video content. Specifically, we develop, market, sell, and support software and hardware for digital media content production, management and distribution. Digital media are video, audio or graphic elements in which the image, sound or picture is recorded and stored as digital values, as opposed to analog or tape-based signals. Our products are used in production and post-production facilities; film studios; network, affiliate, independent and cable television stations; recording studios; live-sound performance venues; advertising agencies; government and educational institutions; corporate communication departments; and by independent video and audio creative professionals, as well as aspiring professionals. Projects produced using our products include feature films, television programming, live events, news broadcasts, commercials, music, video and other digital media content.


   Company Address: 75 Blue Sky Drive Burlington 1803 MA
   Company Phone Number: 640-6789   Stock Exchange / Ticker: NASDAQ AVID
   AVID is expected to report next financial results on August 01, 2023.


Customers Net Income grew by AVID's Customers Net Profit Margin grew to

83.71 %

7.9 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
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FALC        3.82% 
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HPQ   -4.91%    
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Fingermotion Inc

Fascinating performance by the company in the fiscal period closing Feb 28 2023

Fingermotion Inc, a software and programming company, has reported a cumulative net loss of $-8 million for the 12 months ending in the fourth quarter of 2023, leading to a negative return on equity (ROE) of -96.94%. The ROE is lower than that of 174 other companies in the same industry. The company's total ranking has deteriorated from 0 to 4150 compared to the previous quarter.
The company recorded a net loss of $-0.04 per share in the financial fourth quarter of 2023, which remained unchanged from the previous year, but the EPS improved from $-0.06 per share from the earlier reporting season. Despite the earnings decline, Fingermotion Inc posted strong revenue growth of 89.628% to $12.81 million from $6.76 million in the same quarter of the previous year, with a sequential revenue increase of 12.367% from $11.40 million.

Take Two Interactive Software Inc

Very stunning 55.505%, jump in revenue at Take Two Interactive Software Inc amid the financial span closing Mar 31 2023

Take Two Interactive Software Inc: Struggling to Find Solid Ground amid Falling Earnings
Take Two Interactive Software Inc, a leading software and programming company that produces some of the world's most popular video games, has not had a good year when it comes to earnings. For the January to March 31, 2023 period, the company posted a deficit per share of $-2.78, a stark contrast from a year ago when they reported an EPS of $0.93. The company also did significantly worse compared to the preceding reporting season, where they had an EPS of $-0.91.
Revenue for the same period, on the other hand, has risen strongly, with an increase of 55.505% from $930.00 million in the same period a year ago to $1.45 billion. Sequentially, revenue has risen by 2.728% from the previous quarter's $1.41 billion. However, despite the rise in revenue, the company still logged in a net deficit of $-610.300 million, a drastic fall from the $110.972 million net profit they had in the same period a year before.
Take Two Interactive Software Inc reported a shortfall of $-1,124.70 million and revenue of $5.35 billion for the financial year 2023. The company also revealed that its EPS was at $-7.03 in proportion to $3.58 in the previous financial year, while revenue surged by 52.64% from $3.50 billion a year ago.

Huaizhong Health Group Inc

Working outlays have been increasing at the Huaizhong Health Group Inc in the first quarter of 2023 earnings season

After the big players in the Software and Programming industry, some smaller businesses are publishing their results. ADHH revealed it has clinched operating loss of $-0.01055 million, for the first quarter of 2023.

Splunk Inc

Splunk Inc disclosed revenue advance considerably at, all along the first quarter of 2024 earnings season

The latest financial report from Splunk Inc has just come in and it tells a story of growth, improved earnings and turnaround for the company. For the first quarter of 2024, Splunk recorded a decrease in loss per share from $-1.90 a year before to $-1.19 per share, indicating a significant improvement in the company's bottom line. Furthermore, the EPS improved from $-4.83 per share in the prior reporting season, demonstrating that companies that have strong fundamentals will be successful in the long run.
The revenue figures are also very impressive and showed strong growth, increasing by 11.486 % to $751.51 million from $674.08 million in the same reporting season a year before. Furthermore, revenue doubled sequentially by 177.247 % from $271.06 million, which highlights the company's ability to scale its business and deliver consistent revenue growth. The market has responded positively to these numbers, as analysts pick up on the company's robust financial outlook.

Gen Digital Inc

Earnings propelled by $722.18 million tax benefit

Despite Gen Digital Inc's recent profitability during the January to March 31 2023 period, investors should be wary of the company's overall downward trend. While profitability turned positive at $0.70 per share compared to a year ago, it is important to note that the company's reported earnings per share (EPS) were largely boosted by a tax benefit of $722.18 million. Without this benefit, the fourth quarter of 2023 earnings could be considerably less impressive.
Furthermore, the company reported a significant decline in revenue, with a -23.79% decrease from the corresponding financial reporting period a year ago. Sequentially, revenue fell by -23.574% from $936.00 million, which is another red flag for investors. These decreases in revenue are concerning, as they imply that Gen Digital Inc's core business is not performing well.
It must be mentioned that the company has made attempts to alleviate concerns around falling revenue, stating that it is improving profit margins. However, these results should be taken with a grain of salt because they occurred during a period where revenue was also down significantly. Additionally, it is important to note that while net margin rose to 169.28% during the January to March 31 2023 period, operating margin edged up only slightly to 59.68%, and earnings rose by 123.39% to $426.897 million. This implies that the company's rising profitability may not be sustainable over the long term.
Furthermore, looking at the company's numbers for the full fiscal year 2023 is not reassuring either. While Gen Digital Inc did realize earnings per share of $2.16, this is not significantly higher than the $-0.53 in the previous fiscal year. The company's Revenue also deteriorated by -14.55% from $3.91 billion a year ago. Overall, this shows that Gen Digital Inc has not been able to sustain growth in its core business or drive long-term profitability.






 

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