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Avid Technology, Inc. (AVID)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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20.48+0.02 (+0.10%)
At close: 4:00PM EST

20.48 0.00 (0.00%)
After hours: 5:17PM EST

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Short-term KST

Short-term KST

Previous Close20.46
Open20.53
Bid20.45 x 800
Ask20.46 x 1100
Day's Range20.34 - 20.93
52 Week Range4.67 - 24.47
Volume305,797
Avg. Volume498,796
Market Cap905.382M
Beta (5Y Monthly)1.31
PE Ratio (TTM)48.42
EPS (TTM)0.42
Earnings DateMar 09, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est22.38
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • Avid Names Adistec as Master Distributor to Expand the Reach of Its Video and Audio Business Throughout Latin America
    GlobeNewswire

    Avid Names Adistec as Master Distributor to Expand the Reach of Its Video and Audio Business Throughout Latin America

    Companies enter into multi-year strategic partnership; In-country expertise to advance collaboration with creatives in film, TV and audioBURLINGTON, Mass., Feb. 23, 2021 (GLOBE NEWSWIRE) -- Media technology provider Avid Technology, Inc. (NASDAQ: AVID) today announced the appointment of Adistec® Corp. as sole master distributor of all Avid® audio and video products to Avid’s reseller network throughout 17 Latin American countries. Establishing Adistec as a strategic partner, Avid will leverage Adistec’s localized expertise to accelerate its logistics, finance and other processes in the region to keep pace with demand for content creation and management tools and solutions in television, film, music, and education markets. Headquartered in Miami, Adistec is a value-added distributor of datacenter, networking and security technologies, specializing in the discrete business and technology requirements that vary widely from country to country. Adistec complements its offerings with cloud services running in several proprietary datacenters, as well as extensive consulting and educational services. Many technology companies rely on Adistec to extend their products into Latin America, including several Fortune 1,000 brands in IT and networking. Avid is the inaugural partner for Adistec’s recently created media and entertainment practice. “Avid and Adistec have begun a deep collaboration through a new distribution relationship that will be extremely important in augmenting Avid’s operations throughout Latin America and making marketing, selling and delivery of all of our products much easier and faster for our resellers,” said Tom Cordiner, Chief Revenue Officer, Avid. Mr. Cordiner continued, “We believe our agreement will better position Avid for overall growth in the region and that Adistec’s additional expertise in driving sales of cloud workflows should help accelerate Avid’s subscription revenues. Additionally, by working directly with Adistec, our ecosystem of existing strategic channel partners will continue to bring substantial value to Avid’s media and entertainment customers throughout Latin America.” “By matching Adistec’s business and technology capabilities with Avid’s core competencies, we’ll enhance the reach and performance everywhere in Latin America of the most celebrated media technology brand,” said Fabian Sperman, President, Adistec. “Adistec is proud to build our media and entertainment practice around Avid as our cornerstone. We anticipate adding to the success of Avid and its resellers in their core markets while ultimately helping them to expand into new markets for professional video and audio technologies.” About Adistec Adistec has become a leader in value-added distribution for Latin America and the Caribbean. Established in 2002, our organization delivers 100% IT solutions through channels. We are a team of professionals specialized in Datacenter and Security bringing a portfolio of leading brands in each of these areas to our business partners. We strengthen our partners' business through five business units: Distribution, Education, Professional Services, Cloud Solutions and Adistec Integrated Solutions. About AvidAvid delivers the most open and efficient media platform, connecting content creation with collaboration, asset protection, distribution, and consumption. Avid’s preeminent customer community uses Avid’s comprehensive tools and workflow solutions to create, distribute and monetize the most watched, loved and listened to media in the world—from prestigious and award-winning feature films to popular television shows, news programs and televised sporting events, and celebrated music recordings and live concerts. With the most flexible deployment and pricing options, Avid’s industry-leading solutions include Media Composer®, Pro Tools®, Avid NEXIS®, MediaCentral®, iNEWS®, AirSpeed®, Sibelius®, Avid VENUE™, FastServe®, and Maestro™. For more information about Avid solutions and services, visit www.avid.com, connect with Avid on Facebook, Instagram, Twitter, YouTube, LinkedIn, or subscribe to Avid Blogs. © 2021 Avid Technology, Inc. All rights reserved. Avid, the Avid logo, Avid NEXIS, FastServe, AirSpeed, iNEWS, Maestro, MediaCentral, Media Composer, Pro Tools, Avid VENUE, and Sibelius are trademarks or registered trademarks of Avid Technology, Inc. or its subsidiaries in the United States and/or other countries. Adistec is a registered trademark of Adistec Corporation. All other trademarks are the property of their respective owners. Product features, specifications, system requirements and availability are subject to change without notice. PR Contact:AvidDave Smith978.502.9607david.smith@avid.com

  • Avid VENUE 7 Enhancements Provide the Power and Flexibility Needed for Sound Engineers to Deliver High-Quality Performances
    GlobeNewswire

    Avid VENUE 7 Enhancements Provide the Power and Flexibility Needed for Sound Engineers to Deliver High-Quality Performances

    Company delivers biggest Avid VENUE update since the introduction of the Avid VENUE | S6L live sound system; Three system I/O sharing and pioneering Milan network connectivity highlight key new featuresBURLINGTON, Mass., Feb. 18, 2021 (GLOBE NEWSWIRE) -- Avid® (Nasdaq: AVID) today announced the immediate availability of the next generation of its VENUE live sound software – Avid VENUE 7. Introducing a host of new features and enhancements that empower engineers and sound designers to deliver large-scale concert performances, broadcast events and house of worship and theater productions with unparalleled quality and efficiency, the Avid VENUE 7 update represents the Avid VENUE | S6L system’s most significant software release to date. Avid VENUE software now supports I/O sharing across three Avid VENUE | S6L systems, providing more workflow flexibility while reducing costs and complexity without any negative impact on sound quality. Support for I/O sharing makes it easy for users to add a broadcast console or second monitor console to their setup or enable fast switchover at festivals and concerts. With I/O sharing, microphone feeds can be split digitally over the network so engineers only have to build one set of I/O racks, providing significant cost savings for touring productions and reducing setup times. Plus, all I/O configurations fully support Avid’s True Gain technology, which automatically manages gain compensation to ensure proper signal levels are maintained for each engineer. In an industry first, Avid also announced that users can now send and receive up to 128 channels of audio between Avid VENUE | S6L systems and Milan™ (media-integrated local area network) certified devices – including loudspeakers, amplifiers and other pro audio devices – with the new MLN-192 Milan Option Card and latest Avid VENUE software. Seamless plug-and-play connectivity lets users distribute audio with ease to Milan-enabled devices over an Ethernet AVB network, with no switch configuration or IT expertise required. Engineers and sound designers can benefit from the speed, interoperability and reliability that the industry-standard Milan protocol brings to live sound without any fear of audio dropouts or signal degradation. “As the world’s first live sound console to be certified by the rapidly growing Milan protocol and the only one to offer gain-compensated I/O sharing between three systems, this is more than just a software update – VENUE 7 truly takes a giant leap forward,” said Dana Ruzicka, SVP & GM of Audio & Music Solutions at Avid. “Although live performances have been hit hard by the ongoing pandemic, Avid remains fully committed to innovating for the live sound industry. We’re doubling down with the biggest software release since shipping the S6L system, giving engineers and sound designers the power and performance they need to deliver the best possible live sound productions.” “In live sound you need reliability, rapid deployment, and high fidelity,” said Richard Bugg, Avnu Alliance® Pro AV Segment Chair. “The Avid VENUE | S6L is the industry's first live sound console to be Milan-certified, guaranteeing it will work with other Milan-certified devices, giving users a fast and dependable solution with expanded functionality.” The Avnu Alliance is a community creating an interoperable ecosystem of low-latency, time-synchronized, highly reliable networked devices using open standards through certification. VENUE 7 also provides superior control of delay compensation to help users tackle plugin-heavy mixes with complex routing requirements. Aligning busses and matrixes is simplified through Automatic Delay Compensation (ADC) settings, while the new Input Delay Alignment command makes it easy to align selected input channels to compensate for any plugins inserted on those inputs. Using Avid’s True Time technology, this provides the most comprehensive alignment of audio signals of any solution on the market, ensuring more granular control and visibility over how delay gets managed across the system. Additional new Avid VENUE software features include: Effortless USB recording and playback – easy 2-track recording and playback using a USB flash drive connected to the S6L control surface provides ultimate flexibility. Users can perform basic live stereo recordings, play back stereo tracks for pre-show entertainment or walk-up music, play music between acts, and even trigger sound effects or cues for theater performances.Mix more creatively and easily – new mixing features let users expand their creative possibilities. They can add analog warmth and color to mixes with HEAT available on every input channel, shape sounds freely with unlimited graphic EQs on all output busses, enable parallel mix control, or filter out frequencies with HPF and LPF on every output channel.Enhanced processing and routing possibilities – four new post-fader plugin inserts and one post-fader hardware insert on every input channel make VENUE 7 ideal for automixing workflows. 400 plugin slots available across all S6L systems and engines allow for better VENUE show file compatibility, while bus-to-bus routing offers the freedom and flexibility to route any Aux or Group to any other. The new Avid VENUE 7 features and functionality are now available for all customers on an active support contract. For more information, visit Avid.com/S6L. About AvidAvid delivers the most open and efficient media platform, connecting content creation with collaboration, asset protection, distribution, and consumption. Avid’s preeminent customer community uses Avid’s comprehensive tools and workflow solutions to create, distribute and monetize the most watched, loved and listened to media in the world—from prestigious and award-winning feature films to popular television shows, news programs and televised sporting events, and celebrated music recordings and live concerts. With the most flexible deployment and pricing options, Avid’s industry-leading solutions include Media Composer®, Pro Tools®, Avid NEXIS®, MediaCentral®, iNEWS®, AirSpeed®, Sibelius®, Avid VENUE™, FastServe®, and Maestro™. For more information about Avid solutions and services, visit www.avid.com, connect with Avid on Facebook, Instagram, Twitter, YouTube, LinkedIn, or subscribe to Avid Blogs. © 2021 Avid Technology, Inc. All rights reserved. Avid, the Avid logo, Avid NEXIS, Avid VENUE, Avid S6L, FastServe, AirSpeed, iNEWS, Maestro, MediaCentral, Media Composer, Media Composer | First, Media Composer | Ultimate, Pro Tools, Avid VENUE, and Sibelius are trademarks or registered trademarks of Avid Technology, Inc. or its subsidiaries in the United States and/or other countries. The Avnu™ and Milan™ service word marks are registered or unregistered service marks and certification marks of Avnu Alliance, Inc. in the United States and other countries. Unauthorized use strictly prohibited. All other trademarks are the property of their respective owners. Product features, specifications, system requirements and availability are subject to change without notice. PR ContactAvidDave Smithdavid.smith@avid.com978.502.9607

  • Avid Technology Announces Conference Call to Discuss Fourth Quarter and Full-Year 2020 Financial Results
    GlobeNewswire

    Avid Technology Announces Conference Call to Discuss Fourth Quarter and Full-Year 2020 Financial Results

    BURLINGTON, Mass., Feb. 18, 2021 (GLOBE NEWSWIRE) -- Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, today announced that Jeff Rosica, Chief Executive Officer and President, and Ken Gayron, Executive Vice President and Chief Financial Officer, will host a conference call on Tuesday, March 9, 2021, at 5:00 p.m. ET to discuss the company’s earnings for the fourth quarter and full-year 2020, which will be published after the market close that day. Conference call information: Date & time: Tuesday, March 9, 2021, 5:00 p.m. ETDial-in number: 856-344-9206Confirmation code: 1881087Webcast link (listen only) and presentation slides: http://ir.avid.comReplay number: 719-457-0820, passcode: 1881087 A replay of the conference call and webcast will be available for a limited time by dialing the replay number above or by visiting Avid’s investor relations website at http://ir.avid.com. About AvidAvid delivers the most open and efficient media platform, connecting content creation with collaboration, asset protection, distribution, and consumption. Avid’s preeminent customer community uses Avid’s comprehensive tools and workflow solutions to create, distribute and monetize the most watched, loved and listened to media in the world—from prestigious and award-winning feature films to popular television shows, news programs and televised sporting events, and celebrated music recordings and live concerts. With the most flexible deployment and pricing options, Avid’s industry-leading solutions include Media Composer®, Pro Tools®, Avid NEXIS®, MediaCentral®, iNEWS®, AirSpeed®, Sibelius®, Avid VENUE™, FastServe®, and Maestro™. For more information about Avid solutions and services, visit www.avid.com, connect with Avid on Facebook, Instagram, Twitter, YouTube, LinkedIn, or subscribe to Avid Blogs.© 2021 Avid Technology, Inc. All rights reserved. Avid, the Avid logo, Avid NEXIS, FastServe, AirSpeed, iNEWS, Maestro, MediaCentral, Media Composer, Pro Tools, Avid VENUE, and Sibelius are trademarks or registered trademarks of Avid Technology, Inc. or its subsidiaries in the United States and/or other countries. All other trademarks are the property of their respective owners. Product features, specifications, system requirements and availability are subject to change without notice. Investor Contact:Whit RappoleAvidIR@avid.com PR Contact:Jim SheehanAvid jim.sheehan@avid.com