Avid Technology, Inc. develops, markets, sells, and supports software and integrated solutions for video and audio content creation, management, and distribution worldwide. More Details
Moderate growth potential and slightly overvalued.
Share Price & News
How has Avid Technology's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AVID is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: AVID's weekly volatility (7%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: AVID underperformed the US Tech industry which returned 81.2% over the past year.
Return vs Market: AVID exceeded the US Market which returned 22.7% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Avid Technology's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StWhat Kind Of Investors Own Most Of Avid Technology, Inc. (NASDAQ:AVID)?
1 month ago | Simply Wall StAvid Technology, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
1 month ago | Simply Wall StInvestors Who Bought Avid Technology (NASDAQ:AVID) Shares Three Years Ago Are Now Up 100%
Is Avid Technology undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AVID ($12.07) is trading below our estimate of fair value ($13.23)
Significantly Below Fair Value: AVID is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: AVID is poor value based on its PE Ratio (27.1x) compared to the US Tech industry average (21.5x).
PE vs Market: AVID is poor value based on its PE Ratio (27.1x) compared to the US market (19.4x).
Price to Earnings Growth Ratio
PEG Ratio: AVID is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: AVID has negative assets, so we can't compare its PB Ratio to the US Tech industry average.
How is Avid Technology forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AVID's forecast earnings growth (45.1% per year) is above the savings rate (2.2%).
Earnings vs Market: AVID's earnings (45.1% per year) are forecast to grow faster than the US market (21.8% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: AVID's revenue (6.9% per year) is forecast to grow slower than the US market (10.2% per year).
High Growth Revenue: AVID's revenue (6.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if AVID's Return on Equity is forecast to be high in 3 years time
How has Avid Technology performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AVID has a large one-off loss of $5.5M impacting its September 30 2020 financial results.
Growing Profit Margin: AVID became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: AVID's earnings have declined by 27% per year over the past 5 years.
Accelerating Growth: AVID has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: AVID has become profitable in the last year, making it difficult to compare its past year earnings growth to the Tech industry (-18.8%).
Return on Equity
High ROE: AVID's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
How is Avid Technology's financial position?
Financial Position Analysis
Short Term Liabilities: AVID has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: AVID has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: AVID has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: AVID's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: AVID's debt is not well covered by operating cash flow (13.1%).
Interest Coverage: AVID's interest payments on its debt are not well covered by EBIT (2.3x coverage).
What is Avid Technology current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate AVID's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate AVID's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if AVID's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if AVID's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of AVID's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jeff Rosica (58 yo)
Mr. Jeff Rosica has been President of at Avid Technology, Inc. since December 2016 and its Chief Executive Officer since February 25, 2018. He has been Director of Avid Technology, Inc. since March 2018. H...
CEO Compensation Analysis
Compensation vs Market: Jeff's total compensation ($USD714.23K) is below average for companies of similar size in the US market ($USD1.79M).
Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.
|Executive VP & CFO||2.58yrs||US$1.78m||0.22% |
|Senior VP & Chief Revenue Officer||1.75yrs||US$1.15m||0.50% |
|Senior VP & Chief Product Officer||5.33yrs||US$1.09m||0.64% |
|Senior Vice President of Operations & Supply Chain||0.92yr||no data||no data|
|VP & Chief Accounting Officer||1.08yrs||no data||0.0060% |
|CTO & VP of Product Management||2.58yrs||no data||no data|
|Vice President of Investor Relations||no data||no data||no data|
|Corporate Secretary||0.42yr||no data||no data|
|Director of Corporate Development||no data||no data||no data|
|Chief Human Resources Officer & Senior VP||2.58yrs||no data||no data|
|Senior Vice President of Global Services & Support||2.75yrs||no data||no data|
Experienced Management: AVID's management team is considered experienced (2.6 years average tenure).
|Independent Director||15.83yrs||US$179.11k||0.25% |
|Independent Director||23.17yrs||US$189.36k||0.24% |
|Independent Director||5.42yrs||US$183.37k||0.20% |
|Independent Chairman of the Board||2.92yrs||US$245.61k||0.079% |
|Independent Director||11.17yrs||US$192.61k||1.82% |
|Independent Director||1.42yrs||US$111.33k||no data|
|Independent Director||3.58yrs||US$199.86k||0.10% |
|Independent Director||2.92yrs||US$179.84k||0.063% |
|Independent Director||1.17yrs||US$67.27k||0.020% |
Experienced Board: AVID's board of directors are considered experienced (3.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: AVID insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.7%.
Avid Technology, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Avid Technology, Inc.
- Ticker: AVID
- Exchange: NasdaqGS
- Founded: 1987
- Industry: Technology Hardware, Storage and Peripherals
- Sector: Tech
- Market Cap: US$525.192m
- Shares outstanding: 44.21m
- Website: https://www.avid.com
Number of Employees
- Avid Technology, Inc.
- 75 Network Drive
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|AVID||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Mar 1993|
|AVD||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Mar 1993|
Avid Technology, Inc. develops, markets, sells, and supports software and integrated solutions for video and audio content creation, management, and distribution worldwide. The company’s video products and...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/12/02 23:01|
|End of Day Share Price||2020/12/02 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.