|Bid||9.32 x 800|
|Ask||10.00 x 900|
|Day's Range||8.98 - 9.69|
|52 Week Range||4.67 - 9.69|
|Beta (5Y Monthly)||1.12|
|PE Ratio (TTM)||22.03|
|Earnings Date||Oct 28, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||13.50|
Selecting breakout stocks continues to be one of the most popular methods utilized by active investors. This technique seeks to identify those stocks whose prices are varying within a specific band.
Shares of Avid Technology (NASDAQ: AVID) rose on Thursday after the technology provider to the media and entertainment industry reported its third-quarter results. While revenue was down a bit from the same period last year, sales improved from the second quarter and were ahead of analyst expectations. The number of paid cloud-enabled software subscriptions reached 269,000 at the end of the quarter, up 58% year over year.
Good afternoon, everyone, and thank you for joining us today for Avid Technology's third quarter 2020 earnings call for the period ending September 30, 2020. With me this afternoon are Jeff Rosica, our Chief Executive Officer and President; and Ken Gayron, our Chief Financial Officer and EVP.