shorts covering? others buying in BEFORE earnings? i know expectations are so low that even AVID management may meet those expectations but still its hard to believe,dare i say......gulp....23.00 to 25.00 after earnings??
Revenue beat, and the quality of AVID's earnings were much improved. No more massive difference between GAAP and non-GAAP with the heaps of accounting garbage, along with the endless but-the-dog-peed-on-it excuses.
That said, the earnings still really sucked. I'd short this (again) if it hit 24-25 (again).