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Avid Technology Stock Price

Symbol: NasdaqGS:AVIDMarket Cap: US$1.2bCategory: Tech

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    Avid Technology, Inc. Key Details

    US$413.5m

    Revenue

    US$152.5m

    Cost of Revenue

    US$261.0m

    Gross Profit

    US$248.0m

    Other Expenses

    US$12.9m

    Earnings

    Last Reported Earnings
    Sep 30, 2023
    Next Reporting Earnings
    n/a
    Earnings per share (EPS)
    0.29
    Gross Margin
    63.12%
    Net Profit Margin
    3.13%
    Debt/Equity Ratio
    -176.9%

    Avid Technology, Inc. Competitors

     
     
     
     
     
     
     
     
     
     
     
     

    About AVID

    Founded
    1987
    Employees
    1485
    CEO
    Jeffrey Rosica
    WebsiteView website
    www.avid.com

    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.

    U.S. Market Performance

    • 7 Days: -1.2%
    • 3 Months: 13.1%
    • 1 Year: 22.8%
    • Year to Date: 7.3%
    Over the last 7 days, the market has dropped 1.2%, driven by a decline of 4.7% in the Consumer Discretionary sector. As for the longer term, the market has actually risen by 23% in the last year. Looking forward, earnings are forecast to grow by 15% annually. Market details ›
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