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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Avid Technology, Inc.    AVID

AVID TECHNOLOGY, INC.

(AVID)
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Avid: 3Q Earnings Snapshot

10/28/2020 | 04:23pm EST

BURLINGTON, Mass. (AP) _ Avid Technology Inc. (AVID) on Wednesday reported third-quarter net income of $8 million.

On a per-share basis, the Burlington, Massachusetts-based company said it had profit of 18 cents. Earnings, adjusted for stock option expense and restructuring costs, came to 27 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.

The audio and video technology company posted revenue of $90.4 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $83.4 million.

Avid shares have fallen nearly 3% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $8.36, a rise of 21% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AVID at https://www.zacks.com/ap/AVID

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News

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2020AVID TECHNOLOGY : B. Riley Adjusts Avid Technology's Price Target to $18 From $1..
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Financials (USD)
Sales 2020 361 M - -
Net income 2020 15,4 M - -
Net Debt 2020 139 M - -
P/E ratio 2020 45,2x
Yield 2020 -
Capitalization 719 M 719 M -
EV / Sales 2020 2,38x
EV / Sales 2021 2,07x
Nbr of Employees 1 429
Free-Float 93,4%
Chart AVID TECHNOLOGY, INC.
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Avid Technology, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends AVID TECHNOLOGY, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 5
Average target price 19,88 $
Last Close Price 16,27 $
Spread / Highest target 41,4%
Spread / Average Target 22,2%
Spread / Lowest Target 1,41%
EPS Revisions
Managers and Directors
NameTitle
Jeff Rosica President, Chief Executive Officer & Director
Peter Miles Westley Chairman
Kenneth Gayron Chief Financial Officer & Executive Vice President
Kevin W. Riley Chief Technology Officer & Senior Vice President
Nancy Hawthorne Independent Director
Sector and Competitors
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