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In the News
From Taylor Swift and Beyoncé to blockchain and AI: Music ETF CEO eyes the next big thing
2023 has been a big year for live music, driven by the phenomenal success of Taylor Swift's Eras tour, Beyoncé's Renaissance tour and, last week, U2's eagerly-anticipated opening of new Las Vegas venue Sphere.
Avid Technology (AVID) Meets Q2 Earnings Estimates
Avid Technology (AVID) came out with quarterly earnings of $0.22 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.26 per share a year ago.
Here's What Key Metrics Tell Us About Avid (AVID) Q2 Earnings
Although the revenue and EPS for Avid (AVID) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Avid Technology Announces Conference Call to Discuss Second Quarter 2023 Financial Results
BURLINGTON, Mass., Aug. 03, 2023 (GLOBE NEWSWIRE) -- Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, announced today that Jeff Rosica, Chief Executive Officer and President, and Ken Gayron, Chief Financial Officer and Executive Vice President, will host a conference call on Wednesday, August 9, 2023, at 5:30 p.m. ET to discuss the company's earnings for the second quarter of 2023, ended June 30, 2023, which will be published after the market closes that day. Investors are invited to register for the Zoom video webinar by visiting https://ir.avid.com/events-and-presentations. A replay will be available for a limited time by visiting the Events & Presentations page on Avid's investor relations website.
Avid Technology: Supply Chain Delays Continue
The ARRs continue to develop quite well, but EBITDA is being hit by issues on integrated solutions, which is seeing delivery delays. When supply chain bottlenecks there loosen, we'll see more hardware maintenance revenue too and some operating leverage, although the integrated solutions GM is weaker now. Enterprise conversions and wins are driving up per seat revenues, which is helpful, and there are iterations and additions to the Pro Tools product that help drive engagement.
Avid (AVID) Improves User Experience With Pro Tools Update
Avid Technology (AVID) unveils its latest pro tools updates with new track widths and expanded immersive mixing workflows, improving the growing pro tools community experience.
Why Avid Technology Stock Was Blasting Higher This Week
A media report said the video and audio editing software specialist has put itself up for sale. It wasn't clear what price it's aiming to fetch.
Avid Technology stock climbs on possible company sale
Avid Technology (NASDAQ:AVID) Inc shares jumped 20% to $24.50 on Wednesday following a Reuters report that the video and audio editing software maker has hired Goldman Sachs (NYSE:GS) to explore a potential company sale. According to Reuters, the Burlington, Massachusetts-based company has asked for binding offers from interested parties.
Avid Tech stock jumps more than 15% on report of exploring potential sale
Shares of video and audio editing software maker Avid Technology Inc. AVID, +19.15% jumped Wednesday following a report the company has hired Goldman Sachs to explore a potential sale. Avid shares rallied as much as 18% following Reuters' reporting of the matter, citing unnamed sources close to the proceedings.
Avid Technology to Participate in Upcoming Investor Conferences
BURLINGTON, Mass., May 18, 2023 (GLOBE NEWSWIRE) -- Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, today announced that Jeff Rosica, its Chief Executive Officer and President, and Ken Gayron, its Executive Vice President and Chief Financial Officer, will be participating in two upcoming investor conferences.
AVID Financial details
AVID Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2022-12-31
Metric | History | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 |
---|---|---|---|---|---|---|
2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
Revenue per share | 9.92 | 9.47 | 8.03 | 8.85 | 9.31 | |
Net income per share | -0.26 | 0.17 | 0.25 | 0.89 | 1.23 | |
Operating cash flow per share | 0.38 | 0.45 | 0.88 | 1.35 | 1.07 | |
Free cash flow per share | 0.14 | 0.29 | 0.75 | 1.2 | 0.73 | |
Cash per share | 1.35 | 1.59 | 1.78 | 1.23 | 0.79 | |
Book value per share | -4 | -3.57 | -2.96 | -2.68 | -2.65 | |
Tangible book value per share | -4.89 | -4.32 | -3.69 | -3.38 | -3.38 | |
Share holders equity per share | -4 | -3.57 | -2.96 | -2.68 | -2.65 | |
Interest debt per share | 5.88 | 6.61 | 5.69 | 4.33 | 4.74 | |
Market cap | 197.89M | 373.19M | 712.21M | 1.51B | 1.19B | |
Enterprise value | 363.79M | 561.82M | 868.48M | 1.64B | 1.36B | |
P/E ratio | -18.54 | 49.1 | 64.38 | 36.44 | 21.59 | |
Price to sales ratio | 0.48 | 0.91 | 1.98 | 3.68 | 2.86 | |
POCF ratio | 12.51 | 19 | 18.01 | 24.13 | 24.84 | |
PFCF ratio | 33.62 | 29.96 | 21.03 | 27.09 | 36.4 | |
P/B Ratio | -1.19 | -2.41 | -5.36 | -12.15 | -10.04 | |
PTB ratio | -1.19 | -2.41 | -5.36 | -12.15 | -10.04 | |
EV to sales | 0.88 | 1.36 | 2.41 | 4.01 | 3.26 | |
Enterprise value over EBITDA | 9.1 | 12.12 | 19.25 | 27.2 | 21.42 | |
EV to operating cash flow | 22.99 | 28.6 | 21.96 | 26.32 | 28.33 | |
EV to free cash flow | 61.81 | 45.1 | 25.65 | 29.54 | 41.52 | |
Earnings yield | -0.05 | 0.02 | 0.02 | 0.03 | 0.05 | |
Free cash flow yield | 0.03 | 0.03 | 0.05 | 0.04 | 0.03 | |
Debt to equity | -1.33 | -1.66 | -1.78 | -1.56 | -1.71 | |
Debt to assets | 0.84 | 0.85 | 0.77 | 0.71 | 0.71 | |
Net debt to EBITDA | 4.15 | 4.07 | 3.46 | 2.26 | 2.64 | |
Current ratio | 1.05 | 0.98 | 1.14 | 0.92 | 0.94 | |
Interest coverage | 0.59 | 1.09 | 1.65 | 6.47 | 5.76 | |
Income quality | -1.48 | 2.58 | 3.58 | 1.51 | 0.87 | |
Dividend Yield | 0.11 | 0 | 0 | 0 | 0 | |
Payout ratio | -2.13 | 0.04 | 0.05 | 0.02 | 0 | |
Sales general and administrative to revenue | 0.13 | 0.13 | 0.13 | 0.14 | 0.14 | |
Research and developement to revenue | 0.15 | 0.15 | 0.16 | 0.16 | 0.16 | |
Intangibles to total assets | 0.14 | 0.11 | 0.11 | 0.12 | 0.11 | |
Capex to operating cash flow | -0.63 | -0.37 | -0.14 | -0.11 | -0.32 | |
Capex to revenue | -0.02 | -0.02 | -0.02 | -0.02 | -0.04 | |
Capex to depreciation | -0.47 | -0.53 | -0.67 | -0.83 | -1.83 | |
Stock based compensation to revenue | 0.02 | 0.02 | 0.03 | 0.03 | 0.04 | |
Graham number | 4.8 | 3.74 | 4.05 | 7.34 | 8.57 | |
ROIC | 0.28 | 0.74 | 0.21 | 0.47 | 0.63 | |
Return on tangible assets | -0.05 | 0.03 | 0.04 | 0.17 | 0.22 | |
Graham Net | -7.12 | -7.03 | -6.06 | -5.6 | -6.21 | |
Working capital | 8.92M | -3.53M | 25.72M | -14.84M | -11.65M | |
Tangible asset value | -203.74M | -187.73M | -165.57M | -156.72M | -151.43M | |
Net current asset value | -235.91M | -250.65M | -224.57M | -215.55M | -227.26M | |
Invested capital | -1.33 | -1.66 | -1.78 | -1.56 | -1.71 | |
Average receivables | 62.2M | 88.77M | 95.23M | 96.57M | 102.55M | |
Average payables | 34.7M | 39.56M | 30.86M | 24.34M | 36.38M | |
Average inventory | 35.69M | 31.06M | 27.87M | 23.25M | 20.45M | |
Days sales outstanding | 74.42 | 82.67 | 98.42 | 85.43 | 95.44 | |
Days payables outstanding | 82.26 | 89.48 | 60.28 | 68 | 117.19 | |
Days of inventory on hand | 69.08 | 65.43 | 73.38 | 50.45 | 53.56 | |
Receivables turnover | 4.9 | 4.42 | 3.71 | 4.27 | 3.82 | |
Payables turnover | 4.44 | 4.08 | 6.06 | 5.37 | 3.11 | |
Inventory turnover | 5.28 | 5.58 | 4.97 | 7.24 | 6.81 | |
ROE | 0.06 | -0.05 | -0.08 | -0.33 | -0.47 | |
Capex per share | -0.24 | -0.17 | -0.13 | -0.15 | -0.34 |
Quarterly Fundamentals Overview
Last date of statement is 2023-09-30 for Q3
Metric | History | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 |
---|---|---|---|---|---|---|
2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
Revenue per share | 2.3 | 2.64 | 2.23 | 2.46 | 2.06 | |
Net income per share | 0.27 | 0.57 | -0.01 | -0.1 | -0.17 | |
Operating cash flow per share | 0.23 | 0.51 | -0.06 | -0.31 | -0.26 | |
Free cash flow per share | 0.15 | 0.42 | -0.15 | -0.45 | -0.35 | |
Cash per share | 0.7 | 0.8 | 0.48 | 0.76 | 0.47 | |
Book value per share | -3.16 | -2.7 | -2.71 | -2.7 | -2.79 | |
Tangible book value per share | -3.89 | -3.44 | -3.46 | -3.44 | -3.52 | |
Share holders equity per share | -3.16 | -2.7 | -2.71 | -2.7 | -2.79 | |
Interest debt per share | 4.63 | 4.69 | 4.68 | 5.38 | 5.47 | |
Market cap | 1.04B | 1.17B | 1.4B | 1.12B | 1.19B | |
Enterprise value | 1.21B | 1.34B | 1.58B | 1.32B | 1.4B | |
P/E ratio | 21.62 | 11.58 | -919.38 | -61.17 | -40.49 | |
Price to sales ratio | 10.1 | 10.08 | 14.32 | 10.36 | 13.05 | |
POCF ratio | 100.54 | 52.09 | -548.18 | -82.56 | -102.07 | |
PFCF ratio | 156.74 | 64.02 | -215.99 | -57.09 | -77 | |
P/B Ratio | -7.35 | -9.85 | -11.8 | -9.45 | -9.64 | |
PTB ratio | -7.35 | -9.85 | -11.8 | -9.45 | -9.64 | |
EV to sales | 11.78 | 11.52 | 16.17 | 12.2 | 15.42 | |
Enterprise value over EBITDA | 73.91 | 77.07 | 266.28 | 176.33 | 4.36K | |
EV to operating cash flow | 117.28 | 59.57 | -618.82 | -97.21 | -120.6 | |
EV to free cash flow | 182.83 | 73.21 | -243.83 | -67.22 | -90.97 | |
Earnings yield | 0.01 | 0.02 | 0 | 0 | -0.01 | |
Free cash flow yield | 0.01 | 0.02 | 0 | -0.02 | -0.01 | |
Debt to equity | -1.45 | -1.71 | -1.7 | -1.96 | -1.92 | |
Debt to assets | 0.86 | 0.71 | 0.74 | 0.79 | 0.86 | |
Net debt to EBITDA | 10.55 | 9.67 | 30.4 | 26.57 | 669.74 | |
Current ratio | 0.86 | 0.94 | 0.88 | 1.06 | 1.07 | |
Interest coverage | 5.14 | 7.33 | 0.94 | -0.13 | -0.37 | |
Income quality | 0.86 | 0.89 | 6.71 | 2.96 | 1.59 | |
Dividend Yield | 0 | 0 | 0 | 0 | 0 | |
Payout ratio | 0 | 0 | 0 | 0 | 0 | |
Sales general and administrative to revenue | 0.14 | 0.13 | 0.17 | 0.15 | 0.19 | |
Research and developement to revenue | 0.17 | 0.15 | 0.2 | 0.18 | 0.22 | |
Intangibles to total assets | 0.14 | 0.11 | 0.12 | 0.11 | 0.12 | |
Capex to operating cash flow | -0.36 | -0.19 | 1.54 | 0.45 | 0.33 | |
Capex to revenue | -0.04 | -0.04 | -0.04 | -0.06 | -0.04 | |
Capex to depreciation | -1.72 | -1.82 | -1.71 | -2.38 | -1.38 | |
Stock based compensation to revenue | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | |
Graham number | 4.37 | 5.91 | 0.73 | 2.52 | 3.23 | |
ROIC | 0.18 | 0.4 | 0.18 | 0 | -0.01 | |
Return on tangible assets | 0.06 | 0.1 | 0 | -0.02 | -0.03 | |
Graham Net | -6.31 | -6.33 | -6.56 | -6.63 | -6.6 | |
Working capital | -22.39M | -11.65M | -20.66M | 9.42M | 10.73M | |
Tangible asset value | -174.04M | -151.43M | -151.38M | -151.6M | -155.83M | |
Net current asset value | -239.06M | -227.26M | -236.35M | -239.09M | -240.41M | |
Invested capital | -1.45 | -1.71 | -1.7 | -1.96 | -1.92 | |
Average receivables | 73.91M | 91.06M | 101.98M | 95.99M | 95.12M | |
Average payables | 33.9M | 40.41M | 47.99M | 50.94M | 45.66M | |
Average inventory | 20.62M | 21.49M | 23.68M | 27.2M | 28.31M | |
Days sales outstanding | 63.78 | 84.61 | 87.25 | 80.57 | 92.04 | |
Days payables outstanding | 94.61 | 99.38 | 126.55 | 110.46 | 107.46 | |
Days of inventory on hand | 59.61 | 45.42 | 66.63 | 59.78 | 77.73 | |
Receivables turnover | 1.41 | 1.06 | 1.03 | 1.12 | 0.98 | |
Payables turnover | 0.95 | 0.91 | 0.71 | 0.81 | 0.84 | |
Inventory turnover | 1.51 | 1.98 | 1.35 | 1.51 | 1.16 | |
ROE | -0.09 | -0.21 | 0 | 0.04 | 0.06 | |
Capex per share | -0.08 | -0.1 | -0.09 | -0.14 | -0.09 |
AVID Frequently Asked Questions
What is Avid Technology, Inc. stock symbol ?
Avid Technology, Inc. is a US stock , located in Burlington of Ma and trading under the symbol AVID
Is Avid Technology, Inc. buy or a sell ?
1 stock analysts have 1 predictions with a medium analyst target price of $27.05. The lowest prediction is $27.05 and the highest is $27.05
What is AVID stock prediction ?
What is Avid Technology, Inc. stock quote today ?
Avid Technology, Inc. stock price is $27.045 today.
Is Avid Technology, Inc. stock public?
Yes, Avid Technology, Inc. is a publicly traded company.