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Last $8.23 USD
Change Today -0.08 / -0.96%
Volume 552.1K
AVID On Other Exchanges
Symbol
Exchange
Munich
NASDAQ GS
As of 8:10 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

avid technology inc (AVID) Snapshot

Open
$8.18
Previous Close
$8.31
Day High
$8.45
Day Low
$8.18
52 Week High
06/8/15 - $18.10
52 Week Low
08/24/15 - $7.60
Market Cap
322.8M
Average Volume 10 Days
676.9K
EPS TTM
$0.44
Shares Outstanding
39.2M
EX-Date
--
P/E TM
18.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for AVID TECHNOLOGY INC (AVID)

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avid technology inc (AVID) Details

Avid Technology, Inc. develops, markets, sells, and supports software and hardware for digital media content production, management, and distribution in the United States, the other Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers various professional video creative tools, including Media Composer product line, which is used to edit television programs, commercials, and films; NewsCutter option and iNews systems for news production; and Avid Symphony option that is used during post-production. It also provides video storage and server solutions comprising Avid ISIS shared storage systems; and media management solutions, such as MediaCentral | UX Web- and mobile-based apps that enables interplay asset management solutions by providing access to media assets for media professionals. In addition, the company offers audio products and solutions, such as Pro Tools digital audio software and workstation solutions that facilitate the audio production process; complementary control surfaces and consoles; VENUE, a family of console products for mixing audio for live sound reinforcement; and Sibelius-branded software that allows users to create, edit, and publish musical scores. Additionally, it offers workflow design and consulting, program and project management, system installation and commissioning, and role-based product level training services. The company markets and sells its products and solutions to customers in broadcast and media, video and audio post, and professional markets through a network of sales representatives, independent distributors, value-added resellers, dealers, and retailers, as well as through digital sales channels. Avid Technology, Inc. was founded in 1987 and is headquartered in Burlington, Massachusetts.

1,413 Employees
Last Reported Date: 03/16/15
Founded in 1987

avid technology inc (AVID) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.4M
Chief Financial Officer, Chief Administrative...
Total Annual Compensation: $975.0K
Vice President, General Counsel and Corporate...
Total Annual Compensation: $410.0K
Senior Vice President of Worldwide Field Oper...
Total Annual Compensation: $375.0K
Compensation as of Fiscal Year 2014.

avid technology inc (AVID) Key Developments

Avid Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Second Half of 2015; Revises Earnings Guidance for the Year 2015

Avid announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total net revenues of $109,767,000, operating loss of $8,195,000, net loss of $4,084,000 or $0.10 per basic and diluted share against the total net revenues of $124,644,000, operating loss of $2,360,000, net loss of $3,339,000 or $0.09 per basic and diluted share a year ago. Loss before income taxes was $9,634,000 against $2,717,000 a year ago. On non- GAAP basis, the company reported operating loss of $1,976,000, net income of $2,135,000 or $0.05 per basic and diluted share against the operating income of $6,699,000, net income of $5,724,000 or $0.15 per basic and diluted share a year ago. Non-GAAP adjusted EBITDA of $1,435,000 compared to $10,738,000 a year ago. Net cash used in operating activities was $30,844,000 against $2,090,000 a year ago. Capital expenditures was $3,802,000 against $2,876,000 a year ago. For the six months, the company reported total net revenues of $229,353,000, operating loss of $7,080,000, net loss of $4,253,000 or $0.11 per basic and diluted share against the total net revenues of $259,626,000, operating income of $7,327,000, net income of $5,557,000 or $0.14 per basic and diluted share a year ago. Net cash used in operating activities of $26,214,000, purchases of property and equipment of $6,742,000 against the net cash used in operating activities of $26,082,000, purchases of property and equipment of $6,391,000 a year ago. On non- GAAP basis, the company reported operating income of $6,123,000, net income of $8,950,000 or $0.22 per diluted share against operating income of $22,332,000, net income of $20,550,000 or $0.53 per basic and diluted share a year ago. Non-GAAP adjusted EBITDA of $13,211,000 compared to $30,756,000 a year ago. Loss before income taxes was $9,242,000 against income before income taxes of $6,619,000 a year ago. For the second half of 2015, the company expects revenue is to be $252 million, adjusted EBITDA of $18 million, adjusted free cash flow of $23 million. For the full year of 2015, the company expects adjusted EBITDA range raised to $74 to $80 million, up from $72 to $78 million as previously guided. Constant dollar bookings range rose to 2% to 6% over 2014, although continued currency pressure could impact actual results by approximately 4 percentage points. Adjusted free cash flow range adjusted to $12 to $20 million. Revenue is to be between from $538 million to $550 million.

Avid Technology, Inc. Announces Appointment of Paula E. Boggs to its Board of Directors

Avid Technology, Inc. announced the appointment of Paula E. Boggs to its board of directors. Boggs' many years of corporate leadership experience, combined with her background as a musician experienced with Avid products, will provide a unique perspective as the company continues to deliver on Avid Everywhere TM. Boggs has held a variety of professional and community leadership roles for over 25 years. A former member of the executive team at Starbucks Coffee Company, she led the global law department of Starbucks for ten years. Before joining Starbucks, Boggs was vice president of legal for products, operations and information technology, and senior deputy general counsel at Dell Computer Corporation. She was previously a partner with the law firm of Preston Gates & Ellis. Since 2013, Boggs has been a member of the President's Committee for the Arts and the Humanities, and was previously a member of the White House Council for Community Solutions. She is a voting member of the National Academy of Recording Arts and Sciences, and a songwriter and lead vocalist for the Paula Boggs Band. She has also served as an officer in the U.S. Army.

Avid Technology, Inc., Q2 2015 Earnings Call, Aug 10, 2015

Avid Technology, Inc., Q2 2015 Earnings Call, Aug 10, 2015

 

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Industry Analysis

AVID

Industry Average

Valuation AVID Industry Range
Price/Earnings 68.3x
Price/Sales 0.7x
Price/Book NM Not Meaningful
Price/Cash Flow 50.5x
TEV/Sales 0.4x
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