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AVID

AVID - Avid Technology Inc Stock Price, Fair Value and News

27.04USD Market Closed
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Market Summary

USD27.04
Market Closed

AVID Stock Price

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AVID RSI Chart

AVID Valuation

Market Cap

1.2B

Price/Earnings (Trailing)

92.02

Price/Sales (Trailing)

2.88

EV/EBITDA

48.05

Price/Free Cashflow

-51.05

AVID Price/Sales (Trailing)

AVID Profitability

Operating Margin

63.12%

EBT Margin

0.60%

Return on Equity

1.24%

Return on Assets

4.73%

Free Cashflow Yield

-1.96%

AVID Fundamentals

AVID Revenue

Revenue (TTM)

413.5M

Rev. Growth (Yr)

-11.63%

Rev. Growth (Qtr)

-16.15%

AVID Earnings

Earnings (TTM)

12.9M

Earnings Growth (Yr)

-161%

Earnings Growth (Qtr)

-59.57%

Breaking Down AVID Revenue

Last 7 days

0.2%

Last 30 days

0.6%

Last 90 days

-1.1%

Trailing 12 Months

-1.6%

How does AVID drawdown profile look like?

AVID Financial Health

Current Ratio

1.07

Debt/Equity

0.19

Debt/Cashflow

-0.03

AVID Investor Care

Buy Backs (1Y)

1.36%

Diluted EPS (TTM)

0.29

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2023414.6M425.4M413.5M0
2022416.2M419.0M420.4M417.4M
2021368.4M384.0M395.2M409.9M
2020394.9M375.5M372.5M360.5M
2019418.7M418.8M408.2M411.8M
2018412.8M409.1M407.9M413.3M
2017472.5M440.8M427.0M419.0M
2016529.6M553.9M535.4M511.9M
2015514.9M500.0M495.0M505.6M
2014562.3M545.6M549.2M530.3M
2013612.6M588.5M576.8M563.4M
2012670.9M674.6M660.5M635.7M
2011688.3M687.9M687.6M677.5M
2010641.4M653.7M666.1M678.5M
2009000629.0M

Tracking the Latest Insider Buys and Sells of Avid Technology Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Nov 07, 2023
bakish robert m
back to issuer
-18,689,800
27.05
-690,935
-
Nov 07, 2023
claman timothy
back to issuer
-2,628,580
27.05
-97,175
svp & gm video & media
Nov 07, 2023
victoria mariesa
back to issuer
-435,207
27.05
-16,089
vp & chief accounting officer
Nov 07, 2023
hawthorne nancy
back to issuer
-3,455,390
27.05
-127,741
-
Nov 07, 2023
gayron kenneth l
back to issuer
-9,564,640
27.05
-353,591
evp, cfo & corp treasurer
Nov 07, 2023
boggs paula
back to issuer
-446,325
27.05
-16,500
-
Nov 07, 2023
daley elizabeth m
back to issuer
-4,209,760
27.05
-155,629
-
Nov 07, 2023
asmar christian
back to issuer
-192,915,000
27.05
-7,131,790
-
Nov 07, 2023
boggs paula
back to issuer
-3,033,220
27.05
-112,134
-
Nov 07, 2023
cordiner tom j. a.
back to issuer
-5,930,310
27.05
-219,235
chief revenue officer & svp

1–10 of 50

Which funds bought or sold AVID recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Feb 16, 2024
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO
sold off
-100
-2,956,000
-
-%
Feb 16, 2024
PRICE T ROWE ASSOCIATES INC /MD/
sold off
-100
-362,000
-
-%
Feb 16, 2024
GSA CAPITAL PARTNERS LLP
sold off
-100
-555,000
-
-%
Feb 15, 2024
JANE STREET GROUP, LLC
sold off
-100
-608,928
-
-%
Feb 15, 2024
Legal & General Group Plc
sold off
-100
-2,484,780
-
-%
Feb 15, 2024
BARCLAYS PLC
sold off
-100
-2,630,000
-
-%
Feb 15, 2024
Baker Avenue Asset Management, LP
sold off
-100
-537
-
-%
Feb 14, 2024
MILLENNIUM MANAGEMENT LLC
sold off
-100
-4,225,680
-
-%
Feb 14, 2024
LAZARD ASSET MANAGEMENT LLC
sold off
-100
-59,000
-
-%
Feb 14, 2024
Public Sector Pension Investment Board
sold off
-100
-1,126,150
-
-%

1–10 of 46

Are Funds Buying or Selling AVID?

Are funds buying AVID calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own AVID
No. of Funds

Unveiling Avid Technology Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Nov 13, 2023
fmr llc
-
0
SC 13G/A
Nov 08, 2023
stg vii, l.p.
100%
100
SC 13D/A
Nov 07, 2023
impactive capital lp
-
0
SC 13D/A
Aug 18, 2023
stg vii, l.p.
16.3%
7,168,370
SC 13D
Aug 10, 2023
impactive capital lp
16.3%
7,168,370
SC 13D/A
Feb 10, 2023
fmr llc
-
0
SC 13G/A
Feb 09, 2023
fmr llc
-
0
SC 13G/A
Feb 09, 2023
vanguard group inc
5.73%
2,501,518
SC 13G
Jan 26, 2023
blackrock inc.
12.7%
5,543,117
SC 13G/A
Jan 23, 2023
royce & associates lp
5.28%
2,307,871
SC 13G/A

Recent SEC filings of Avid Technology Inc

View All Filings
Date Filed Form Type Document
Nov 16, 2023
15-12G
15-12G

Peers (Alternatives to Avid Technology Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
284.3B
34.0B
6.54% 73.45%
109.67
8.37
12.08% 832.37%
162.0B
37.3B
24.07% 128.60%
85.85
4.35
16.95% 120.64%
55.0B
5.3B
6.54% 15.93%
59.95
10.28
9.15% 48.14%
29.6B
2.3B
-4.80% 23.52%
59.18
13.05
9.90% -4.45%
18.8B
4.5B
-11.84% -16.29%
80.1
4.18
3.50% -66.41%
MID-CAP
8.2B
620.4M
28.93% 87.80%
3.0K
13.2
31.48% 103.97%
6.1B
4.4B
39.05% 73.71%
-17.84
1.38
7.53% 78.52%
3.5B
881.7M
11.24% 30.49%
51.95
3.95
4.64% 43.44%
3.4B
970.0M
0.91% -23.94%
-18.96
3.5
13.41% 43.80%
3.2B
284.7M
9.61% 24.97%
-12.05
11.1
5.51% -9.92%
2.2B
228.1M
4.58% -2.23%
25.7
9.84
18.99% 599.09%
SMALL-CAP
1.2B
413.5M
0.63% -1.64%
92.02
2.88
-1.65% -71.35%
322.4M
572.4M
-40.82% -71.78%
-1.63
0.56
-19.38% -489.75%
248.3M
122.1M
22.61% -2.71%
-37.12
2.03
39.32% 62.24%
70.5M
31.2M
20.24% -4.15%
-9.71
2.26
8.78% 46.25%

Avid Technology Inc News

Latest updates
Yahoo Finance3 months ago

Avid Technology Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Thousands)
Income Statement (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Revenue-16.2%91.0010998.0011610398.0010111910295.0094.0010490.0079.0086.0011693.0099.00103113104
Cost Of Revenue-21.5%33.0042.0036.0042.0033.0034.0034.0041.0036.0035.0033.0039.0032.0028.0033.0043.0036.0042.0042.0044.0041.00
Gross Profit-12.7%58.0066.0062.0075.0070.0063.0067.0078.0066.0060.0061.0065.0058.0052.0053.0073.0058.0057.0061.0067.0061.00
Operating Expenses-10.6%60.0067.0059.0058.0056.0053.0053.0061.0056.0051.0051.0055.0045.0044.0054.0058.0049.0054.0056.0054.0054.00
  S&GA Expenses-9.4%23.0025.0023.0026.0024.0024.0022.0029.0024.0021.0021.0023.0020.0020.0025.0027.0022.0026.0025.0024.0023.00
  R&D Expenses-1.2%20.0020.0019.0017.0017.0016.0017.0017.0017.0016.0015.0015.0014.0013.0015.0016.0015.0015.0016.0015.0016.00
EBITDA Margin-33.0%0.07*0.10*0.13*0.15*0.15*0.16*0.16*0.14*0.14*0.13*0.13*0.11*0.11*0.10*0.09*------
Interest Expenses20.1%5.004.004.003.003.002.001.002.002.002.002.005.005.005.005.003.006.0013.005.006.006.00
Income Taxes446.0%0.00-0.130.00-11.09-0.661.001.001.001.000.000.00-0.171.001.000.00-5.23-0.28-0.000.000.00
Earnings Before Taxes-46.1%-6.90-4.72-0.0714.0011.008.0012.0016.0016.007.005.007.009.003.00-5.7310.003.00-10.720.006.001.00
EBT Margin-87.7%0.01*0.05*0.08*0.11*0.11*0.12*0.12*0.11*0.09*0.07*0.06*0.03*0.04*0.03*-0.01*------
Net Income-59.6%-7.33-4.60-0.3825.0012.007.0011.0015.0015.007.004.007.008.002.00-5.8615.003.00-10.72-0.216.001.00
Net Income Margin-58.8%0.03*0.08*0.11*0.13*0.11*0.11*0.11*0.10*0.08*0.07*0.06*0.03*0.05*0.04*0.00*------
Free Cashflow21.7%-15.43-19.70-6.4918.007.003.005.0025.0014.006.0011.0031.0016.00-5.24-7.08------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Assets-6.8%274294274287238247245274249257263305261265308304266282300266247
  Current Assets-9.9%157174156179140152153183164171175213167173215209174187197197176
    Cash Equivalents-37.4%21.0034.0021.0035.0031.0044.0041.0061.0050.0053.0056.0080.0049.0056.0081.0073.0052.0051.0055.0068.0050.00
  Inventory2.0%29.0028.0026.0021.0022.0019.0018.0020.0022.0024.0028.0027.0028.0030.0033.0029.0032.0034.0034.0033.0032.00
  Net PPE3.5%31.0030.0026.0024.0021.0020.0018.0016.0015.0015.0016.0017.0019.0018.0019.0020.0020.0020.0021.0022.0019.00
  Goodwill0%33.0033.0033.0033.0033.0033.0033.0033.0033.0033.0033.0033.0033.0033.0033.0033.0033.0033.0033.0033.0033.00
Liabilities-3.8%397413393406379383375398375386398438406422470459439458467433421
  Current Liabilities-11.3%146164177191162167174197171177177188156149203212192207196188171
  Long Term Debt0.7%20420217117317617816116116316517520320422.0022019920079.00100221229
Shareholder's Equity0.4%1,0451,0411,0371,0361,0311,0281,0261,0321,0301,0301,0321,0371,0341,0301,0281,0281,0261,0251,0241,0291,028
  Retained Earnings-0.7%-1,084-1,076-1,072-1,071-1,096-1,109-1,116-1,126-1,142-1,156-1,163-1,168-1,175-1,183-1,185-1,179-1,194-1,197-1,187-1,187-1,192
  Additional Paid-In Capital0.4%1,0451,0411,0371,0361,0311,0281,0261,0321,0301,0301,0321,0371,0341,0301,0281,0281,0261,0251,0241,0291,028
Shares Outstanding0.1%44.0044.0044.0044.0045.0045.0045.0045.0046.0045.0045.0044.0044.0044.0043.00------
Float------1,078---1,667---301---371-209-
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Cashflow From Operations14.6%-11,638-13,621-2,55622,45610,3427,3057,91627,07116,5206,58512,31330,71217,955-3,507-5,60518,529-2,551-2,7136,37620,070-3,747
  Share Based Compensation-17.5%4,9035,9425,0935,5413,9473,6453,4223,5213,5143,5803,1222,5323,2972,7262,1092,1702,0452,0051,7381,9272,076
Cashflow From Investing37.6%-3,790-6,077-3,931-4,184-3,708-4,115-3,244-2,069-2,475-1,021-1,254-73.00-2,407-1,733-1,479-1,556-2,053-1,809-1,767-2,352-2,660
Cashflow From Financing-88.0%3,76731,370-7,822-14,406-18,887584-19,991-18,579-15,914-8,239-35,003-236-22,780-21,36419,831-461-1,95199.00-5,331-11,653-3,385
  Buy Backs-100.0%-992-42035,70718,602-14,143-10,81614,26111,169----2,3575391,818-3,4441,5492051,69041.00308

AVID Income Statement

2023-09-30
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Net revenues:    
Revenues$ 91,009$ 102,985$ 297,362$ 301,314
Cost of revenues:    
Total cost of revenues33,10433,206110,919101,405
Gross profit57,90569,779186,443199,909
Operating expenses:    
Research and development19,76717,11059,19349,869
Marketing and selling23,00424,36271,05269,962
General and administrative17,58214,06650,21642,241
Restructuring costs, net(589)1584,873515
Total operating expenses59,76455,696185,334162,587
Operating (loss) income(1,859)14,0831,10937,322
Interest expense, net(5,060)(2,741)(12,989)(6,161)
Other income, net21151887
(Loss) income before income taxes(6,898)11,357(11,692)31,168
Provision for (benefit from) income taxes436(665)6191,187
Net (loss) income$ (7,334)$ 12,022$ (12,311)$ 29,981
Net (loss) income per common share – basic$ (0.17)$ 0.27$ (0.28)$ 0.67
Net (loss) income per common share – diluted$ (0.17)$ 0.27$ (0.28)$ 0.66
Weighted-average common shares outstanding – basic44,20944,47644,04244,676
Weighted-average common shares outstanding – diluted44,20944,70344,04245,107
Subscription    
Net revenues:    
Revenues$ 38,018$ 41,782$ 121,842$ 108,878
Cost of revenues:    
Total cost of revenues4,7936,16314,57918,057
Maintenance    
Net revenues:    
Revenues  20,23027,280
Cost of revenues:    
Total cost of revenues4,6144,849  
Integrated solutions & other    
Net revenues:    
Revenues32,76133,923109,172109,054
Cost of revenues:    
Total cost of revenues$ 23,697$ 22,194$ 81,915$ 67,969

AVID Balance Sheet

2023-09-30
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:  
Cash and cash equivalents$ 20,963$ 35,247
Restricted cash9262,413
Accounts receivable, net of allowances56,35476,849
Inventories28,59120,981
Prepaid expenses9,9018,360
Contract assets36,71832,295
Other current assets3,0572,826
Total current assets156,510178,971
Property and equipment, net30,65623,684
Goodwill32,64332,643
Right of use assets19,55121,395
Deferred tax assets, net15,72515,859
Other long-term assets18,65414,901
Total assets273,739287,453
Current liabilities:  
Accounts payable39,52845,904
Accrued compensation and benefits16,99122,602
Accrued expenses and other current liabilities39,13236,031
Income taxes payable2562
Less: current portion14,2429,710
Deferred revenues35,86376,308
Total current liabilities145,781190,617
Long-term debt203,723172,958
Long-term deferred revenues24,85917,842
Long-term lease liabilities18,65420,470
Other long-term liabilities3,9074,348
Total liabilities396,924406,235
Commitments and contingencies (Note 7)
Stockholders' deficit:  
Common stock, par value $0.01; authorized: 100,000 shares; issued: 46,995 shares at September 30, 2023 and 46,551 shares at December 31, 2022; outstanding: 44,069 shares at September 30, 2023 and 43,771 shares at December 31, 2022466462
Treasury stock(78,353)(77,933)
Additional paid-in capital1,045,2581,036,287
Accumulated deficit(1,084,029)(1,071,718)
Accumulated other comprehensive loss(6,527)(5,880)
Total stockholders' deficit(123,185)(118,782)
Total liabilities and stockholders' deficit$ 273,739$ 287,453
AVID
Avid Technology, Inc., together with its subsidiaries, develops, markets, sells, and supports software and integrated solutions for video and audio content creation, management, and distribution in the United States and internationally. The company's video products and solutions include the Media Composer, a cloud-enabled solution used to edit video content; Avid NEXIS shared storage systems; Maestro solutions for the integration of virtual sets, augmented reality, and video wall control into existing workflows; AirSpeed 5000 and AirSpeed 5500 on-air server solutions; and MediaCentral, a media production suite. Its audio products and solutions comprise Pro Tools digital audio software solutions to facilitate the audio production process; Sibelius solution to create, edit, and publish musical scores; S1 and dock line audio control surface; S4 and S6 audio control surfaces; and VENUE | S6L live sound system for mixing audio for live sound reinforcement. The company also provides Avid Link, a mobile application to connect with other artists, producers, mixers, composers, editors, videographers, movie makers, and graphic designers; FastServe video server that assists broadcasters in making the move to UHD and IP based workflows with a new and modular architecture; and hardware products, such as I/O devices, interfaces, and audio and video processing equipment. In addition, it offers various maintenance contracts and support services; professional services, such as workflow design and consulting, program and project management, system installation and commissioning, and custom development and role-based product level training; and public and private training to customers and alliance partners, as well as develops and licenses curriculum content for use by third party Avid Learning partners to deliver training to customers, users, and alliance partners. Avid Technology, Inc. was incorporated in 1987 and is headquartered in Burlington, Massachusetts.
 CEO
 WEBSITEwww.avid.com
 EMPLOYEES1485

Avid Technology Inc Frequently Asked Questions


What is the ticker symbol for Avid Technology Inc? What does AVID stand for in stocks?

AVID is the stock ticker symbol of Avid Technology Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Avid Technology Inc (AVID)?

As of Tue Nov 07 2023, market cap of Avid Technology Inc is 1.19 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of AVID stock?

You can check AVID's fair value in chart for subscribers.

What is the fair value of AVID stock?

You can check AVID's fair value in chart for subscribers. The fair value of Avid Technology Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Avid Technology Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for AVID so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Avid Technology Inc a good stock to buy?

The fair value guage provides a quick view whether AVID is over valued or under valued. Whether Avid Technology Inc is cheap or expensive depends on the assumptions which impact Avid Technology Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for AVID.

What is Avid Technology Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue Nov 07 2023, AVID's PE ratio (Price to Earnings) is 92.02 and Price to Sales (PS) ratio is 2.88. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. AVID PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Avid Technology Inc's stock?

In the past 10 years, Avid Technology Inc has provided 0.14 (multiply by 100 for percentage) rate of return.