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

27.04USD Market Closed

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

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Net sales

Year	Q1	Q2	Q3	Q4
2023	414.6M	425.4M	413.5M	0
2022	416.2M	419.0M	420.4M	417.4M
2021	368.4M	384.0M	395.2M	409.9M
2020	394.9M	375.5M	372.5M	360.5M
2019	418.7M	418.8M	408.2M	411.8M
2018	412.8M	409.1M	407.9M	413.3M
2017	472.5M	440.8M	427.0M	419.0M
2016	529.6M	553.9M	535.4M	511.9M
2015	514.9M	500.0M	495.0M	505.6M
2014	562.3M	545.6M	549.2M	530.3M
2013	612.6M	588.5M	576.8M	563.4M
2012	670.9M	674.6M	660.5M	635.7M
2011	688.3M	687.9M	687.6M	677.5M
2010	641.4M	653.7M	666.1M	678.5M
2009	0	0	0	629.0M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Avid Technology Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
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

Which funds bought or sold AVID recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Mar 22, 2024	PNC Financial Services Group, Inc.	sold off	-100	-18,674	-	-%
Mar 11, 2024	VANGUARD GROUP INC	sold off	-100	-79,659,600	-	-%
Mar 01, 2024	GOLDMAN SACHS GROUP INC	sold off	-100	-11,560,900	-	-%
Feb 28, 2024	AMERICAN INTERNATIONAL GROUP, INC.	sold off	-100	-501,582	-	-%
Feb 26, 2024	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	sold off	-100	-311,000	-	-%
Feb 26, 2024	Virtu Financial LLC	sold off	-100	-906,000	-	-%
Feb 16, 2024	PRICE T ROWE ASSOCIATES INC /MD/	sold off	-100	-362,000	-	-%
Feb 16, 2024	PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	sold off	-100	-2,956,000	-	-%
Feb 16, 2024	GSA CAPITAL PARTNERS LLP	sold off	-100	-555,000	-	-%
Feb 15, 2024	Legal & General Group Plc	sold off	-100	-2,484,780	-	-%

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 Filed	Name of Filer	Percent of Class	No. of Shares	Form 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

Peers (Alternatives to Avid Technology Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CRM	265.6B	34.9B	-11.03%	37.58%	64.22	7.62	11.18%	1888.46%
UBER	143.3B	37.3B	-14.00%	123.81%	75.93	3.84	16.95%	120.64%
ADSK	46.4B	5.3B	-17.40%	11.87%	50.65	8.69	9.15%	48.14%
ANSS	28.3B	2.3B	-6.96%	0.42%	56.5	12.46	9.90%	-4.45%
ZM	17.9B	4.5B	-9.76%	-6.97%	28.08	3.95	3.06%	514.65%
MID-CAP
APPF	7.7B	620.4M	-7.81%	61.45%	2.8K	12.35	31.48%	103.97%
LYFT	6.4B	4.4B	-17.01%	60.25%	-18.94	1.46	7.53%	78.52%
AYX	3.4B	970.0M	0.90%	-15.87%	-19.13	3.53	13.46%	43.89%
ALRM	3.2B	881.7M	-11.30%	34.18%	40.25	3.67	4.64%	44.42%
AI	2.6B	296.4M	-22.43%	7.58%	-9.57	8.77	11.14%	-3.59%
AGYS	2.3B	228.1M	6.24%	-1.37%	26.18	10.02	18.99%	599.09%
SMALL-CAP
AVID	1.2B	413.5M	0.63%	-1.64%	92.02	2.88	-1.65%	-71.35%
APPS	189.8M	572.4M	-27.34%	-84.98%	-0.96	0.33	-19.38%	-489.49%
ASUR	176.9M	119.1M	-14.97%	-52.60%	-19.2	1.49	24.27%	36.31%
AEYE	140.0M	31.3M	11.25%	83.87%	-23.84	4.47	4.69%	43.72%

Avid Technology Inc News

Latest updates

Avid Technology Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3
Revenue	-16.2%	91.00	109	98.00	116	103	98.00	101	119	102	95.00	94.00	104	90.00	79.00	86.00	116	93.00	99.00	103	113	104
Cost Of Revenue	-21.5%	33.00	42.00	36.00	42.00	33.00	34.00	34.00	41.00	36.00	35.00	33.00	39.00	32.00	28.00	33.00	43.00	36.00	42.00	42.00	44.00	41.00
Gross Profit	-12.7%	58.00	66.00	62.00	75.00	70.00	63.00	67.00	78.00	66.00	60.00	61.00	65.00	58.00	52.00	53.00	73.00	58.00	57.00	61.00	67.00	61.00
Operating Expenses	-10.6%	60.00	67.00	59.00	58.00	56.00	53.00	53.00	61.00	56.00	51.00	51.00	55.00	45.00	44.00	54.00	58.00	49.00	54.00	56.00	54.00	54.00
S&GA Expenses	-9.4%	23.00	25.00	23.00	26.00	24.00	24.00	22.00	29.00	24.00	21.00	21.00	23.00	20.00	20.00	25.00	27.00	22.00	26.00	25.00	24.00	23.00
R&D Expenses	-1.2%	20.00	20.00	19.00	17.00	17.00	16.00	17.00	17.00	17.00	16.00	15.00	15.00	14.00	13.00	15.00	16.00	15.00	15.00	16.00	15.00	16.00
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 Expenses	20.1%	5.00	4.00	4.00	3.00	3.00	2.00	1.00	2.00	2.00	2.00	2.00	5.00	5.00	5.00	5.00	3.00	6.00	13.00	5.00	6.00	6.00
Income Taxes	446.0%	0.00	-0.13	0.00	-11.09	-0.66	1.00	1.00	1.00	1.00	0.00	0.00	-0.17	1.00	1.00	0.00	-5.23	-0.28	-	0.00	0.00	0.00
Earnings Before Taxes	-46.1%	-6.90	-4.72	-0.07	14.00	11.00	8.00	12.00	16.00	16.00	7.00	5.00	7.00	9.00	3.00	-5.73	10.00	3.00	-10.72	0.00	6.00	1.00
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	-0.38	25.00	12.00	7.00	11.00	15.00	15.00	7.00	4.00	7.00	8.00	2.00	-5.86	15.00	3.00	-10.72	-0.21	6.00	1.00
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 Cashflow	21.7%	-15.43	-19.70	-6.49	18.00	7.00	3.00	5.00	25.00	14.00	6.00	11.00	31.00	16.00	-5.24	-7.08	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3
Assets	-6.8%	274	294	274	287	238	247	245	274	249	257	263	305	261	265	308	304	266	282	300	266	247
Current Assets	-9.9%	157	174	156	179	140	152	153	183	164	171	175	213	167	173	215	209	174	187	197	197	176
Cash Equivalents	-37.4%	21.00	34.00	21.00	35.00	31.00	44.00	41.00	61.00	50.00	53.00	56.00	80.00	49.00	56.00	81.00	73.00	52.00	51.00	55.00	68.00	50.00
Inventory	2.0%	29.00	28.00	26.00	21.00	22.00	19.00	18.00	20.00	22.00	24.00	28.00	27.00	28.00	30.00	33.00	29.00	32.00	34.00	34.00	33.00	32.00
Net PPE	3.5%	31.00	30.00	26.00	24.00	21.00	20.00	18.00	16.00	15.00	15.00	16.00	17.00	19.00	18.00	19.00	20.00	20.00	20.00	21.00	22.00	19.00
Goodwill	0%	33.00	33.00	33.00	33.00	33.00	33.00	33.00	33.00	33.00	33.00	33.00	33.00	33.00	33.00	33.00	33.00	33.00	33.00	33.00	33.00	33.00
Liabilities	-3.8%	397	413	393	406	379	383	375	398	375	386	398	438	406	422	470	459	439	458	467	433	421
Current Liabilities	-11.3%	146	164	177	191	162	167	174	197	171	177	177	188	156	149	203	212	192	207	196	188	171
Long Term Debt	0.7%	204	202	171	173	176	178	161	161	163	165	175	203	204	22.00	220	199	200	79.00	100	221	229
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 Capital	0.4%	1,045	1,041	1,037	1,036	1,031	1,028	1,026	1,032	1,030	1,030	1,032	1,037	1,034	1,030	1,028	1,028	1,026	1,025	1,024	1,029	1,028
Shares Outstanding	0.1%	44.00	44.00	44.00	44.00	45.00	45.00	45.00	45.00	45.00	45.00	45.00	44.00	44.00	44.00	43.00	-	-	-	-	-	-
Float	-	-	-	-	-	-	1,078	-	-	-	1,667	-	-	-	301	-	-	-	371	-	209	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3
Cashflow From Operations	14.6%	-11,638	-13,621	-2,556	22,456	10,342	7,305	7,916	27,071	16,520	6,585	12,313	30,712	17,955	-3,507	-5,605	18,529	-2,551	-2,713	6,376	20,070	-3,747
Share Based Compensation	-17.5%	4,903	5,942	5,093	5,541	3,947	3,645	3,422	3,521	3,514	3,580	3,122	2,532	3,297	2,726	2,109	2,170	2,045	2,005	1,738	1,927	2,076
Cashflow From Investing	37.6%	-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%	3,767	31,370	-7,822	-14,406	-18,887	584	-19,991	-18,579	-15,914	-8,239	-35,003	-236	-22,780	-21,364	19,831	-461	-1,951	99.00	-5,331	-11,653	-3,385
Buy Backs	-100.0%	-	992	-420	35,707	18,602	-14,143	-10,816	14,261	11,169	-	-	-	-2,357	539	1,818	-3,444	1,549	205	1,690	41.00	308

AVID Income Statement

2023-09-30

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 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 revenues	33,104	33,206	110,919	101,405
Gross profit	57,905	69,779	186,443	199,909
Operating expenses:
Research and development	19,767	17,110	59,193	49,869
Marketing and selling	23,004	24,362	71,052	69,962
General and administrative	17,582	14,066	50,216	42,241
Restructuring costs, net	(589)	158	4,873	515
Total operating expenses	59,764	55,696	185,334	162,587
Operating (loss) income	(1,859)	14,083	1,109	37,322
Interest expense, net	(5,060)	(2,741)	(12,989)	(6,161)
Other income, net	21	15	188	7
(Loss) income before income taxes	(6,898)	11,357	(11,692)	31,168
Provision for (benefit from) income taxes	436	(665)	619	1,187
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 – basic	44,209	44,476	44,042	44,676
Weighted-average common shares outstanding – diluted	44,209	44,703	44,042	45,107
Subscription
Net revenues:
Revenues	$ 38,018	$ 41,782	$ 121,842	$ 108,878
Cost of revenues:
Total cost of revenues	4,793	6,163	14,579	18,057
Maintenance
Net revenues:
Revenues			20,230	27,280
Cost of revenues:
Total cost of revenues	4,614	4,849
Integrated solutions & other
Net revenues:
Revenues	32,761	33,923	109,172	109,054
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 cash	926	2,413
Accounts receivable, net of allowances	56,354	76,849
Inventories	28,591	20,981
Prepaid expenses	9,901	8,360
Contract assets	36,718	32,295
Other current assets	3,057	2,826
Total current assets	156,510	178,971
Property and equipment, net	30,656	23,684
Goodwill	32,643	32,643
Right of use assets	19,551	21,395
Deferred tax assets, net	15,725	15,859
Other long-term assets	18,654	14,901
Total assets	273,739	287,453
Current liabilities:
Accounts payable	39,528	45,904
Accrued compensation and benefits	16,991	22,602
Accrued expenses and other current liabilities	39,132	36,031
Income taxes payable	25	62
Less: current portion	14,242	9,710
Deferred revenues	35,863	76,308
Total current liabilities	145,781	190,617
Long-term debt	203,723	172,958
Long-term deferred revenues	24,859	17,842
Long-term lease liabilities	18,654	20,470
Other long-term liabilities	3,907	4,348
Total liabilities	396,924	406,235
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, 2022	466	462
Treasury stock	(78,353)	(77,933)
Additional paid-in capital	1,045,258	1,036,287
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

About Avid Technology Inc

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	Mr. Jeffrey Rosica
WEBSITE	avid.com
INDUSTRY	Software - Apps
EMPLOYEES	1485

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.