Avid Technology Inc   (AVID)
Other Ticker:  
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology
Price: $27.0400 $0.00 0.000%
Day's High: $27.05 Week Perf: 0.07 %
Day's Low: $ 27.03 30 Day Perf: 0.71 %
Volume (M): 629 52 Wk High: $ 29.57
Volume (M$): $ 17,005 52 Wk Avg: $26.32
Open: $27.04 52 Wk Low: $22.55

 Market Capitalization (Millions $) 1,195
 Shares Outstanding (Millions) 44
 Employees 1,522
 Revenues (TTM) (Millions $) 413
 Net Income (TTM) (Millions $) 13
 Cash Flow (TTM) (Millions $) -12
 Capital Exp. (TTM) (Millions $) 18

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.

Our mission is to create the most powerful and collaborative media network that enables the creation, distribution and monetization of the most inspiring content in the world. Guided by our Avid Everywhere strategic vision, we strive to deliver the industry’s most open, innovative and comprehensive media platform connecting content creation with collaboration, asset protection, distribution and consumption for the media in the world – from the most prestigious and award-winning feature films, music recordings, and television shows, to live concerts and news broadcasts.

Technology has enabled almost every aspect of how we live to become increasingly digitized, and acceleration of digitization is having a tremendous impact on the media industry and altering the industry value chain. Today’s consumers are empowered to create and consume content on-demand-anywhere, anytime. Organizations are under pressure to connect and automate the entire creation-to-consumption workflow. This consumerization has increased the cost and complexity of monetizing assets, which in turn leads to demand for new platforms for distribution and consumption. Organizations need to rely on partners with the strategic understanding and technological expertise to help navigate the challenges they are facing. We believe we are uniquely positioned as a proven and trusted leader to effectively help our customers in the media industry navigate through this period of unprecedented changes.

Our strategy is built on three pillars, Avid Everywhere, The Avid Advantage and the Avid Customer Association (“ACA”). Avid Everywhere is our strategic vision for connecting creative professionals and media organizations with their audiences in a more powerful, efficient, collaborative, and profitable way. Central to the Avid Everywhere vision is the Avid MediaCentral Platform, an open, extensible, and customizable foundation that streamlines and simplifies workflows by tightly integrating all Avid or third party products and services that run on top of it. The platform provides secure and protected access, which enables the creation and delivery of content faster and easier through a set of modular application suites that together represent an open, integrated, and flexible media production and distribution environment for the media industry. The Avid Advantage complements Avid Everywhere by offering a new standard in service, support and education to enable our customers to derive more efficiency from their Avid investment. Finally, the ACA is an association of dedicated media community visionaries, thought leaders and users designed to provide essential strategic leadership to the media industry, facilitate collaboration between Avid and key industry leaders and visionaries, and deepen relationships between our customers and us.

Another key element of our strategy is our transition to a subscription or recurring revenue based model. In 2014 we began offering subscription based licensing options for some of our products and solutions. These licensing options offer choice in pricing and deployment to suit our customers’ needs and are expected to increase recurring revenue on a longer term basis. However, during our transition to a recurring revenue model, we expect that our revenue, deferred revenue, and cash flow from operations will be adversely affected as an increasing portion of our total revenue is recognized ratably rather than up front, and as new product offerings are sold at a wider variety of price points.

   Company Address: 75 Blue Sky Drive Burlington 1803 MA
   Company Phone Number: 640-6789   Stock Exchange / Ticker: NASDAQ AVID

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

67.12 %

7.17 %

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


Stock Performances by Major Competitors

5 Days Decrease / Increase
ADBE        12.11% 
ADSK        13.72% 
BSY        2.53% 
NTNX        0.17% 
OKTA        0.73% 
PCOR   -4.85%    
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Avid Technology Inc

AVID Technology Inc. Reports Disappointing Financial Results for Q3 2023 Amid Weak Sales

During the past 5 trading days, the stock of Avid Technology Inc has seen a slight increase of 0.15%. This brings the year to date performance of the stock to 1.2%. Additionally, Avid Technology Inc's stock is currently trading 36.7% above its 52-week low.
However, despite the recent increase in stock performance, the company's financial results for the third quarter of the 2023 earnings season have not been as positive. Avid Technology Inc posted a shortfall per stock of -$0.17 per share, a decrease compared to $0.27 per share for the same period the previous year. This also represents an increased shortfall from -$0.10 per share in the preceding quarter.

Avid Technology Inc

AVID Technology Inc defies profitability with an impressive 11.12% revenue boost!

The stock market is a dynamic arena, constantly shifting and presenting new opportunities for investors. One company that has recently caught the attention of many market participants is Avid Technology Inc. Despite recording a loss per stock, AVID's revenue has shown a promising increase of 11.12% from the previous financial reporting period.
In the fiscal interval ending June 30, 2023, AVID's revenue reached an impressive $108.54 million. While the loss per share was $-0.10, it is important to consider that the top-line increase of 12.04% from the second quarter of 2022 demonstrates a positive trajectory for the company.

Avid Technology Inc

Avid Technology Inc. Faces Setback with $0.31 Million Tax Charge in Q1 2023

Avid Technology Inc. is a technology company that operates in a highly competitive environment. The company provides a variety of software and hardware products for audio and video production, including digital non-linear editing systems, networked audio and video servers, and asset management systems.
However, for the fiscal first quarter of 2023, Avid Technology Inc. seemed to have stumbled. The company's earnings per share (EPS) dropped from $0.23 to -$0.01 compared to the previous year's reporting period, while the revenue decreased by -2.82% from $100.65 million to $97.81 million. Sequentially, revenue fell by -15.752% from $116.10 million.


Avid Technology Inc's Segments
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