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Avid Technology, Inc. (AVID) Report Analysis

Corporate Events

Neutral

Avid Technology, Inc. has filed a Shelf Registr...

2022-06-24 00:00:00

Avid Technology, Inc. has filed a Shelf Registration in the amount of $16.266 million. Security Name: Common Stock Securities Offered: 600...

Positive

Avid Technology, Inc.(NasdaqGS:AVID) added to R...

2022-06-24 00:00:00

Avid Technology, Inc.(NasdaqGS:AVID) added to Russell 2500 Value Index

Positive

Avid Technology, Inc.(NasdaqGS:AVID) added to R...

2022-06-24 00:00:00

Avid Technology, Inc.(NasdaqGS:AVID) added to Russell 3000 Value Index

Positive

Avid Technology, Inc.(NasdaqGS:AVID) added to R...

2022-06-24 00:00:00

Avid Technology, Inc.(NasdaqGS:AVID) added to Russell Small Cap Comp Value Index

Positive

Avid Technology, Inc.(NasdaqGS:AVID) added to R...

2022-06-24 00:00:00

Avid Technology, Inc.(NasdaqGS:AVID) added to Russell 2000 Value Index

Positive

Avid Technology, Inc.(NasdaqGS:AVID) added to R...

2022-06-24 00:00:00

Avid Technology, Inc.(NasdaqGS:AVID) added to Russell 3000E Value Index

Positive

Avid Technology, Inc.(NasdaqGS:AVID) added to R...

2022-06-24 00:00:00

Avid Technology, Inc.(NasdaqGS:AVID) added to Russell Microcap Value Index

Negative

Avid Technology, Inc. Elects Veteran John P. Wa...

2022-05-30 16:00:00

Avid Technology, Inc. announced that its Board of Directors has unanimously elected John P. Wallace as Chair, effective immediately. This elec...

Positive

Avid Offers Cloud-Enabled Subscription Option f...

2022-05-25 13:23:00

Avid has made its Avid NEXIS® media storage solution available as a subscription offering, enabling flexible deployment on premises or in the ...

Neutral

Avid Technology, Inc. - Analyst/Investor Day

2022-05-04 20:15:00

To provide a detailed update of its business and strategy

Negative

Avid Technology, Inc. Ceases Lior Netzer as Gen...

2022-05-04 20:15:00

Avid Technology, Inc. on May 3, 2022, Lior Netzer ceased serving as General Manager, Media Platform & Cloud Solutions and Senior Vice President.

Neutral

Avid Technology, Inc. Provides Earnings Guidanc...

2022-05-04 20:05:00

Avid Technology, Inc. provided earnings guidance for the second quarter and full year of 2022. For the quarter, the company's revenue to be in...

Neutral

Tranche Update on Avid Technology, Inc. (Nasdaq...

2022-05-04 16:54:00

From January 1, 2022 to March 31, 2022, the company has repurchased 354,472 shares, representing 0.79% for $10.82 million. With this, the comp...

Neutral

Avid Technology, Inc. Presents at J.P. Morgan’s...

2022-05-04 16:36:00

Avid Technology, Inc. Presents at J.P. Morgan’s 50th Annual Global Technology, Media and Communications Conference 2022, May-25-2022 02:30 PM....

Neutral

Avid Technology, Inc., Q1 2022 Earnings Call, M...

2022-04-25 14:27:00

Avid Technology, Inc., Q1 2022 Earnings Call, May 04, 2022

Neutral

Avid Technology, Inc. to Report Q1, 2022 Result...

2022-04-25 14:27:00

Avid Technology, Inc. announced that they will report Q1, 2022 results After-Market on May 04, 2022

Neutral

Avid Technology, Inc. Presents at B. Riley 22nd...

2022-04-25 12:46:00

Avid Technology, Inc. Presents at B. Riley 22nd Annual Institutional Investor Conference, May-26-2022 01:00 PM. Venue: The Beverly Hilton Hote...

Positive

Avid Technology, Inc. Launches the Latest Versi...

2022-04-21 18:57:00

Avid Technology, Inc. launched the latest version of Media Composer® video editing software with new features that dramatically enhance the sp...

Neutral

RAI Expands Use of Avid Software and Storage

2022-04-13 13:50:00

Avid Technology, Inc. announced that multichannel broadcaster Radiotelevisione Italiana (RAI) is making extensive enhancements to optimize the...

Neutral

Avid Technology, Inc., Annual General Meeting, ...

2022-04-08 10:09:00

Avid Technology, Inc., Annual General Meeting, May 18, 2022, at 08:30 US Eastern Standard Time. Location: 75 Network Drive, Burlington Massach...

Neutral

Tranche Update on Avid Technology, Inc. (Nasdaq...

2022-03-01 16:30:00

From October 1, 2021 to December 31, 2021, the company has repurchased 461,910 shares, representing 1.02% for $13.91 million. With this, the c...

Positive

Avid Technology, Inc. Extends the Power of Its ...

2022-02-02 14:18:00

Avid Technology, Inc. extended the power of its collaborative post production solutions with the introduction of Avid NEXIS | EDGE. This innov...

Neutral

B. Riley Financial, Inc., B. Riley 22nd Annual ...

2022-01-12 16:21:00

B. Riley Financial, Inc., B. Riley 22nd Annual Institutional Investor Conference, May 25, 2022 through May 26, 2022. Venue: The Beverly Hilton...

Neutral

JPMorgan Chase & Co., J.P. Morgan’s 50th Annual...

2021-12-21 09:47:00

JPMorgan Chase & Co., J.P. Morgan’s 50th Annual Global Technology, Media and Communications Conference 2022, May 23, 2022 through May 25, 2022...

Positive

Avid Technology, Inc. Announces New Capabilitie...

2021-12-08 15:57:00

Avid Technology, Inc. announced that TV newsrooms and production workflow teams can now bring graphic designers directly into their Avid® Medi...

Positive

Avid Technology, Inc. Revises Earnings Guidance...

2021-11-09 21:05:00

Avid Technology, Inc. revised earnings guidance for the full year 2021. For the period, company now expects revenue to be in range of $398 mil...

Neutral

Tranche Update on Avid Technology, Inc. (Nasdaq...

2021-11-09 16:09:00

From September 9, 2021 to September 30, 2021, the company has repurchased 412,175 shares, representing 0.9% for $11.16 million. With this, the...

Neutral

Avid Technology, Inc., Q3 2021 Earnings Call, N...

2021-10-26 12:00:00

Avid Technology, Inc., Q3 2021 Earnings Call, Nov 09, 2021

Neutral

Avid Technology, Inc. to Report Q3, 2021 Result...

2021-10-26 12:00:00

Avid Technology, Inc. announced that they will report Q3, 2021 results After-Market on Nov 09, 2021

Neutral

Avid Expands IP Content Sources for Live TV Con...

2021-10-19 13:09:00

Avid announced the interoperability of Sony and TVU Networks IP-connected devices with MediaCentral | Stream™ to dramatically expand the pool ...

Neutral

Avid Technology, Inc. Presents at Roth 10th Ann...

2021-09-18 17:07:00

Avid Technology, Inc. Presents at Roth 10th Annual Technology & Inaugural AgTech Answers Virtual Event, Nov-16-2021 through Nov-18-2021. Prese...

Neutral

Roth Capital Partners, LLC, Roth 10th Annual Te...

2021-09-18 12:11:00

Roth Capital Partners, LLC, Roth 10th Annual Technology & Inaugural AgTech Answers Virtual Event, Nov 16, 2021 through Nov 18, 2021.

Positive

Avid Technology, Inc. (NasdaqGS:AVID) announces...

2021-09-10 10:09:00

Avid Technology, Inc. (NasdaqCM:AVID) announces a share repurchase program. Under the program, the company will repurchase up to $115 million ...

Positive

Avid Technology, Inc. authorizes a Buyback Plan.

2021-09-09 00:00:00

The Board of Directors of Avid Technology, Inc. has authorized a buyback plan on September 9, 2021.

Neutral

Avid Technology, Inc. Presents at Jefferies Vir...

2021-08-31 12:00:00

Avid Technology, Inc. Presents at Jefferies Virtual Software Conference, Sep-15-2021 05:30 PM. Speakers: Jeff Rosica, President, CEO & Director.

Neutral

Avid Technology, Inc. Presents at Colliers 2021...

2021-08-31 12:00:00

Avid Technology, Inc. Presents at Colliers 2021 Institutional Investor Conference, Sep-09-2021 . Speakers: Kenneth L. Gayron, Executive VP & CFO.

Neutral

Hula Post Puts Avid Subscription Software to Wo...

2021-08-30 13:54:00

Hula Post announced that it has transitioned to subscription licensing of Avid®’s Media Composer | Enterprise video editing software. Now, Hul...

Positive

Avid® Announces New Version of Avid Media Compo...

2021-08-26 14:15:00

Avid® announced a new version of Avid Media Composer | Distributed Processing that significantly speeds up content production by using adjacen...

Neutral

Avid® Announces the Integration of MediaCentral...

2021-08-19 14:10:00

Avid® announced the integration of its MediaCentral® content platform with CGI’s OpenMedia, a complete solution for journalistic workflows. Wi...

Neutral

Christy’s Embraces Avid Enterprise Software Sub...

2021-08-17 12:30:00

Avid Technology, Inc. announced that post-production rental provider Christy’s Editorial has selected a multiyear subscription licensing agree...

Positive

Avid Announces Major Update to the Avid EUCON™ ...

2021-08-04 18:24:00

Avid announced a major update to the Avid EUCON™ ethernet protocol that powers Avid control surfaces used in Pro Tools®, Logic Pro, Cubase, Nu...

Neutral

Avid Technology, Inc. Announces Earnings Guidan...

2021-08-03 20:05:00

Avid Technology, Inc. announced earnings guidance for the third quarter and full year 2021. For the quarter, the company expected revenue in t...

Positive

Avid Announces the Release of the Sibelius for ...

2021-07-29 15:15:00

Avid announced the release of the Sibelius for mobile iOS app, extending professional music notation workflows to iPad for the tens of thousan...

Neutral

Avid Technology, Inc. to Report Q2, 2021 Result...

2021-07-23 12:05:00

Avid Technology, Inc. announced that they will report Q2, 2021 results After-Market on Aug 03, 2021

Neutral

Avid Technology, Inc., Q2 2021 Earnings Call, A...

2021-07-23 12:05:00

Avid Technology, Inc., Q2 2021 Earnings Call, Aug 03, 2021

Positive

Avid Technology, Inc. Announces AvidPlay Subscr...

2021-07-15 17:15:00

Avid Technology, Inc. unveiled another breakthrough for independent music artists, producers and record labels by enabling them to distribute ...

Positive

Avid’s Pro Tools | Ultimate Now Includes New Hy...

2021-06-30 12:30:00

Avid® announced that its latest patented innovation, the Hybrid Engine, is now available for HDX Systems. Part of Pro Tools | Ultimate 2021.6,...

Neutral

Avid Technology, Inc. has filed a Shelf Registration in the amount of $16.266 million.

2022-06-24 00:00:00

Avid Technology, Inc. has filed a Shelf Registration in the amount of $16.266 million. Security Name: Common Stock Securities Offered: 600,000 Transaction Features: ESOP Related Offering

Positive

Avid Technology, Inc.(NasdaqGS:AVID) added to Russell 2500 Value Index

2022-06-24 00:00:00

Avid Technology, Inc.(NasdaqGS:AVID) added to Russell 2500 Value Index

Positive

Avid Technology, Inc.(NasdaqGS:AVID) added to Russell 3000 Value Index

2022-06-24 00:00:00

Avid Technology, Inc.(NasdaqGS:AVID) added to Russell 3000 Value Index

Positive

Avid Technology, Inc.(NasdaqGS:AVID) added to Russell Small Cap Comp Value Index

2022-06-24 00:00:00

Avid Technology, Inc.(NasdaqGS:AVID) added to Russell Small Cap Comp Value Index

Positive

Avid Technology, Inc.(NasdaqGS:AVID) added to Russell 2000 Value Index

2022-06-24 00:00:00

Avid Technology, Inc.(NasdaqGS:AVID) added to Russell 2000 Value Index

Positive

Avid Technology, Inc.(NasdaqGS:AVID) added to Russell 3000E Value Index

2022-06-24 00:00:00

Avid Technology, Inc.(NasdaqGS:AVID) added to Russell 3000E Value Index

Positive

Avid Technology, Inc.(NasdaqGS:AVID) added to Russell Microcap Value Index

2022-06-24 00:00:00

Avid Technology, Inc.(NasdaqGS:AVID) added to Russell Microcap Value Index

Negative

Avid Technology, Inc. Elects Veteran John P. Wallace as Board Chair

2022-05-30 16:00:00

Avid Technology, Inc. announced that its Board of Directors has unanimously elected John P. Wallace as Chair, effective immediately. This election is the result of Peter M. Westley’s decision to vacate the chair position after he was appointed Chief Financial Officer of CuriosityStream Inc. Mr. Westley will continue his Avid board service as a Director. This election elevates Mr. Wallace from his current Director seat, to which he was appointed in 2017. He is a media and entertainment industry veteran with more than 30 years of experience, having served as President and CEO of Deluxe Entertainment Services Group and, previously, with NBCUniversal as President of Operations and Technical Services and also as President of the network’s Owned Television Stations Division. Since retiring in 2019, Mr. Wallace has remained active in the industry and the serves on the board of Linius Technologies, an early-stage technology company focused on video virtualization.

Positive

Avid Offers Cloud-Enabled Subscription Option for Avid Nexis Storage

2022-05-25 13:23:00

Avid has made its Avid NEXIS® media storage solution available as a subscription offering, enabling flexible deployment on premises or in the cloud. Deployed in thousands of media operations globally, Avid NEXIS is the media industry’s leading software-defined storage solution designed for media creation workflows. Avid NEXIS enables hundreds of users to collaborate simultaneously to create video content—including feature films, news and sports, and TV entertainment and corporate media. With the addition of Avid NEXIS | FlexTM subscription plans, Avid customers will enjoy flexible OPEX payment options that allow them to transition their workloads from on-premises to the cloud at their own pace. At the core of Avid NEXIS is the innovative Avid Virtual File System, which enables ultra-high performance, collaborative workflows for media creation teams. This intelligent software layer, in production at thousands of Avid customer sites worldwide, runs on commodity COTS hardware on premises or in the cloud.

Neutral

Avid Technology, Inc. - Analyst/Investor Day

2022-05-04 20:15:00

To provide a detailed update of its business and strategy

Negative

Avid Technology, Inc. Ceases Lior Netzer as General Manager, Media Platform & Cloud Solutions, and Senior Vice President

2022-05-04 20:15:00

Avid Technology, Inc. on May 3, 2022, Lior Netzer ceased serving as General Manager, Media Platform & Cloud Solutions and Senior Vice President.

Neutral

Avid Technology, Inc. Provides Earnings Guidance for the Second Quarter and Full Year of 2022

2022-05-04 20:05:00

Avid Technology, Inc. provided earnings guidance for the second quarter and full year of 2022. For the quarter, the company's revenue to be in the range of $92.0 million to $104.0 million. For the year, the company's revenue to be in the range of $430 million to $450 million.

Neutral

Tranche Update on Avid Technology, Inc. (NasdaqGS:AVID)'s Equity Buyback Plan announced on September 10, 2021.

2022-05-04 16:54:00

From January 1, 2022 to March 31, 2022, the company has repurchased 354,472 shares, representing 0.79% for $10.82 million. With this, the company has completed the repurchase of 1,228,557 shares, representing 2.71% for $35.88 million under the buyback announced on September 10, 2021.

Neutral

Avid Technology, Inc. Presents at J.P. Morgan’s 50th Annual Global Technology, Media and Communications Conference 2022, May-25-2022 02:30 PM

2022-05-04 16:36:00

Avid Technology, Inc. Presents at J.P. Morgan’s 50th Annual Global Technology, Media and Communications Conference 2022, May-25-2022 02:30 PM. Venue: Westin Boston Seaport District, Boston, Massachusetts, United States.

Neutral

Avid Technology, Inc., Q1 2022 Earnings Call, May 04, 2022

2022-04-25 14:27:00

Avid Technology, Inc., Q1 2022 Earnings Call, May 04, 2022

Neutral

Avid Technology, Inc. to Report Q1, 2022 Results on May 04, 2022

2022-04-25 14:27:00

Avid Technology, Inc. announced that they will report Q1, 2022 results After-Market on May 04, 2022

Neutral

Avid Technology, Inc. Presents at B. Riley 22nd Annual Institutional Investor Conference, May-26-2022 01:00 PM

2022-04-25 12:46:00

Avid Technology, Inc. Presents at B. Riley 22nd Annual Institutional Investor Conference, May-26-2022 01:00 PM. Venue: The Beverly Hilton Hotel, Beverly Hills, California, United States. Speakers: Kenneth L. Gayron, Executive VP, CFO, Chief Accounting Officer & Corporate Treasurer.

Positive

Avid Technology, Inc. Launches the Latest Version of Media Composer® Video Editing Software with New Features That Dramatically Enhance the Speed and Productivity of Creative Teams and Individuals

2022-04-21 18:57:00

Avid Technology, Inc. launched the latest version of Media Composer® video editing software with new features that dramatically enhance the speed and productivity of creative teams and individuals. These include an “over-the-shoulder” remote collaboration experience available natively in Media Composer | Ultimate™ and Media Composer | Enterprise™ editions. The integration of the SRT (Secure Reliable Transport) protocol empowers editors to stream their high-resolution video and audio sequences anywhere at any time directly to individual or multiple end-points simultaneously—just like viewing editors’ work in-person, over their shoulder—whether Media Composer is on premises or in the cloud. With secure streaming to any device, workflows with Media Composer can now incorporate a “third monitor” experience that accelerates collaborative interaction such as content review and approval by producers and clients, facilitating real-time feedback and bringing projects to conclusion faster. Although SRT ensures secure streaming of content with end-to-end 128/256-bit AES encryption, users additionally can restrict client access to Media Composer output. Teams can connect to a Haivision Gateway on premises or in the cloud to enable stream replication and firewall traversal so that devices behind a firewall can reach streams without breaching network security.

Neutral

RAI Expands Use of Avid Software and Storage

2022-04-13 13:50:00

Avid Technology, Inc. announced that multichannel broadcaster Radiotelevisione Italiana (RAI) is making extensive enhancements to optimize the flexibility and scalability of the production workflows serving its five national broadcast channels. The company’s multi-year agreement with Avid extends RAI’s longstanding use of Avid solutions and consists of upgrades to the MediaCentral® platform, Media Composer® video editing software and the addition of Avid NEXIS® storage systems. RAI recently completed migration to Avid NEXIS® | E5™ media storage systems for channels Tg1, 2, and 3, RaiNews24, and Rai Parlamento, totaling six petabytes of available storage. This storage upgrade enables RAI’s teams to access content and projects across their network from anywhere in real time. RAI’s selection of Avid NEXIS storage reduces its carbon footprint and delivers cost savings from lower power consumption and reduced rack space compared to its prior storage solution. The upgrade will also include moving to the latest version of Avid’s MediaCentral | Production Asset Management™ system. Users will migrate from the existing MediaCentral | UX™ to the innovative web-based MediaCentral | Cloud UX™, delivering seamless collaborative workflows for news, production and archive. The upgrades also include an increased number of Avid Media Composer | Ultimate™ editing software seats. With support for hundreds of third-party products in the Avid ecosystem, the open MediaCentral platform is key to RAI’s dramatically enhanced workflow flexibility.

Neutral

Avid Technology, Inc., Annual General Meeting, May 18, 2022

2022-04-08 10:09:00

Avid Technology, Inc., Annual General Meeting, May 18, 2022, at 08:30 US Eastern Standard Time. Location: 75 Network Drive, Burlington Massachusetts United States Agenda: To elect nine directors, each to serve until 2023 annual meeting of stockholders and, as to each, until a successor is duly elected and qualified, or until earlier death, resignation or removal of the director; to ratify, by a non-binding advisory vote, the selection of BDO USA, LLP as independent registered public accounting firm for the fiscal year ending December 31, 2022; to approve an amendment to the company's 2014 Stock Incentive Plan to increase by an additional 600,000 shares the number of shares authorized for issuance under the plan; and to approve, by a non-binding, advisory vote, the 2021 compensation paid to the company's named executive officers.

Neutral

Tranche Update on Avid Technology, Inc. (NasdaqGS:AVID)'s Equity Buyback Plan announced on September 10, 2021.

2022-03-01 16:30:00

From October 1, 2021 to December 31, 2021, the company has repurchased 461,910 shares, representing 1.02% for $13.91 million. With this, the company has completed the repurchase of 874,085 shares, representing 1.92% for $25.06 million under the buyback announced on September 10, 2021.

Positive

Avid Technology, Inc. Extends the Power of Its Collaborative Post Production Solutions with the Introduction of Avid Nexis | Edge

2022-02-02 14:18:00

Avid Technology, Inc. extended the power of its collaborative post production solutions with the introduction of Avid NEXIS | EDGE. This innovative new software option enables post production teams to work from any location, delivering secure, remote access to media and metadata. Avid NEXIS | EDGE enables team members to access the same proven collaborative workflows relied on by thousands of post production facilities worldwide, without requiring collaborators to be co-located. Avid NEXIS | EDGE will be previewed at the HPA Tech Retreat in Rancho Mirage, California, starting on February 21, 2022. Avid NEXIS | EDGE empowers video editors to work concurrently on the same video content, sharing metadata and media on Avid NEXIS® from anywhere. Project and bin metadata can be shared by editors. Media content can be automatically converted to lightweight streaming formats, enabling real time remote editing over standard internet connections. Media can also be downloaded remotely by editors for disconnected operation. Creative stakeholders, such as producers, can readily browse and review content using the Avid NEXIS | EDGE Web Client, while assistants can accelerate editing workflows – finding media, organizing projects, editing clips and storyboarding sequences. Editors using Adobe Premiere Pro can also access Avid NEXIS | EDGE with the Premiere Pro Editing Connector. Avid NEXIS | EDGE integrates directly with Media Composer | Enterprise™, enabling centralized, role-based administration. Using simple, web-based tools, administrators can easily control access to content and editing tools. With Media Composer | Enterprise, each team member can enjoy a customized user experience, tailored to their needs and role in the workflow. Work from anywhere — Content creation teams can work remotely, accessing existing Avid NEXIS systems from anywhere. Collaborators can change location without changing their workflow, even when disconnected from the internet. Leverage a global talent pool — Media producers can now tap into the global talent pool by securely extending their workflows to skilled workers around the globe. Teams can be scaled flexibly, as projects ramp up and down. Create with industry-proven tools — With Avid NEXIS | EDGE, there’s nothing new to learn. Professionals can continue to work with the tools they are used to, while connecting from anywhere. Avid NEXIS | EDGE provides seamless integration with Avid Media Composer®, Adobe Premiere Pro, and Avid NEXIS shared storage, which now includes a new Avid NEXIS Client Manager that supports connection via secure VPN over Wi-Fi and WAN networks. Uncomplicate workflows — With a cutting-edge, zero-relink workflow and high-quality proxy media, Avid NEXIS | EDGE enables users to switch from working with proxy to high-res media with one button click, enabling editors to easily move from working in-facility to remotely.

Neutral

B. Riley Financial, Inc., B. Riley 22nd Annual Institutional Investor Conference, May 25, 2022 through May 26, 2022

2022-01-12 16:21:00

B. Riley Financial, Inc., B. Riley 22nd Annual Institutional Investor Conference, May 25, 2022 through May 26, 2022. Venue: The Beverly Hilton Hotel, Beverly Hills, California, United States.

Neutral

JPMorgan Chase & Co., J.P. Morgan’s 50th Annual Global Technology, Media and Communications Conference 2022, May 23, 2022 through May 25, 2022

2021-12-21 09:47:00

JPMorgan Chase & Co., J.P. Morgan’s 50th Annual Global Technology, Media and Communications Conference 2022, May 23, 2022 through May 25, 2022. Venue: Westin Boston Seaport District, Boston, Massachusetts, United States.

Positive

Avid Technology, Inc. Announces New Capabilities in Avid MediaCentral Bring Graphic Designers into Broadcast TV and Production Workflows

2021-12-08 15:57:00

Avid Technology, Inc. announced that TV newsrooms and production workflow teams can now bring graphic designers directly into their Avid® MediaCentral® production workflows through the MediaCentral panel, which now includes support for Adobe Photoshop and After Effects. The lightweight software plugin erases the frustrating manual steps graphic designers need to take in order to contribute to large-scale production projects and keep track of their content. Adobe Photoshop and After Effects users can store their photos, clips, graphical elements and other content for access anywhere, anytime on the open Avid MediaCentral platform. With access to Avid NEXIS® storage through the MediaCentral panel, graphic designers can store their assets and projects and catalogue them, enabling teams to easily access, edit on-the-fly and send back content into Avid production workflows. This allows teams to instantly locate individual design elements in archived content, eliminating productivity drains, and having to save files on a separate storage platform. In addition, Media Composer and Adobe Premier Pro editors can take advantage of MediaCentral’s capabilities to integrate within existing workflows, providing a seamless editing experience. This offers increased flexibility by opening workflows directly into the production environment, providing an unprecedented level of access and real-time collaborative power. Creatives can also preview MediaCentral-managed assets directly in Adobe Photoshop and After Effects without having to import media.

Positive

Avid Technology, Inc. Revises Earnings Guidance for the Full Year 2021

2021-11-09 21:05:00

Avid Technology, Inc. revised earnings guidance for the full year 2021. For the period, company now expects revenue to be in range of $398 million to $404 million against previously expected revenue range of $382 million to $402 million. Subscription and Maintenance Revenue to be in range of $225 million to $230 million against previously expected range of $217 million to $225 million.

Neutral

Tranche Update on Avid Technology, Inc. (NasdaqGS:AVID)'s Equity Buyback Plan announced on September 10, 2021.

2021-11-09 16:09:00

From September 9, 2021 to September 30, 2021, the company has repurchased 412,175 shares, representing 0.9% for $11.16 million. With this, the company has completed the repurchase of 412,175 shares, representing 0.9% for $11.16 million under the buyback announced on September 10, 2021.

Neutral

Avid Technology, Inc., Q3 2021 Earnings Call, Nov 09, 2021

2021-10-26 12:00:00

Avid Technology, Inc., Q3 2021 Earnings Call, Nov 09, 2021

Neutral

Avid Technology, Inc. to Report Q3, 2021 Results on Nov 09, 2021

2021-10-26 12:00:00

Avid Technology, Inc. announced that they will report Q3, 2021 results After-Market on Nov 09, 2021

Neutral

Avid Expands IP Content Sources for Live TV Content Workflows to Include Sony and TVU Networks

2021-10-19 13:09:00

Avid announced the interoperability of Sony and TVU Networks IP-connected devices with MediaCentral | Stream™ to dramatically expand the pool of journalists, producers and other production resources who can contribute live streams from anywhere for news and remote live production workflows. MediaCentral | Stream is a rapidly deployed, software-only solution that immediately opens the MediaCentral® platform to contributions over IP from sources anywhere using any device. With MediaCentral | Stream, production teams can easily ingest multiple incoming IP streams in on-premises and cloud-based scenarios without changes or interruptions to their existing workflows. Users can preview incoming IP streams, record them in production-ready formats, or edit an incoming stream simultaneous with its recording to create stories for digital distribution and linear broadcast. With end-to-end encryption and authentication processes, teams achieve simple, secure and reliable contribution from any camera, encoder and mobile device running Secure Reliable Transport (SRT) or Real-Time Messaging Protocol (RTMP), including products from Sony and TVU Networks in addition to those from Haivision, Teradek, LiveU, and other third-parties.

Neutral

Avid Technology, Inc. Presents at Roth 10th Annual Technology & Inaugural AgTech Answers Virtual Event, Nov-16-2021 through Nov-18-2021

2021-09-18 17:07:00

Avid Technology, Inc. Presents at Roth 10th Annual Technology & Inaugural AgTech Answers Virtual Event, Nov-16-2021 through Nov-18-2021. Presentation Date & Speakers: Nov-17-2021, Kenneth L. Gayron, Executive VP & CFO, Whit Rappole, Vice President of Corporate Development & Investor Relations. Nov-18-2021, Kenneth L. Gayron, Executive VP & CFO, Whit Rappole, Vice President of Corporate Development & Investor Relations.

Neutral

Roth Capital Partners, LLC, Roth 10th Annual Technology & Inaugural AgTech Answers Virtual Event, Nov 16, 2021 through Nov 18, 2021

2021-09-18 12:11:00

Roth Capital Partners, LLC, Roth 10th Annual Technology & Inaugural AgTech Answers Virtual Event, Nov 16, 2021 through Nov 18, 2021.

Positive

Avid Technology, Inc. (NasdaqGS:AVID) announces an Equity Buyback for $115 million worth of its shares.

2021-09-10 10:09:00

Avid Technology, Inc. (NasdaqCM:AVID) announces a share repurchase program. Under the program, the company will repurchase up to $115 million worth of its outstanding common stock. The program will be funded from cash on hand and cash generated from operations.

Positive

Avid Technology, Inc. authorizes a Buyback Plan.

2021-09-09 00:00:00

The Board of Directors of Avid Technology, Inc. has authorized a buyback plan on September 9, 2021.

Neutral

Avid Technology, Inc. Presents at Jefferies Virtual Software Conference, Sep-15-2021 05:30 PM

2021-08-31 12:00:00

Avid Technology, Inc. Presents at Jefferies Virtual Software Conference, Sep-15-2021 05:30 PM. Speakers: Jeff Rosica, President, CEO & Director.

Neutral

Avid Technology, Inc. Presents at Colliers 2021 Institutional Investor Conference, Sep-09-2021

2021-08-31 12:00:00

Avid Technology, Inc. Presents at Colliers 2021 Institutional Investor Conference, Sep-09-2021 . Speakers: Kenneth L. Gayron, Executive VP & CFO.

Neutral

Hula Post Puts Avid Subscription Software to Work for Celebrated Film and TV Production Clientele

2021-08-30 13:54:00

Hula Post announced that it has transitioned to subscription licensing of Avid®’s Media Composer | Enterprise video editing software. Now, Hula Post ensures that hundreds of Hollywood’s remote and on-site video editors can always work with the Media Composer® editing software and take full advantage of Avid’s continuous delivery of new product features and capabilities. Hula built this around a comprehensive technology portfolio including Avid creative tools and a secure datacenter with Avid NEXIS® storage to support Hollywood’s most celebrated, high-profile projects.

Positive

Avid® Announces New Version of Avid Media Composer | Distributed Processing to Accelerate Content Editing and Production

2021-08-26 14:15:00

Avid® announced a new version of Avid Media Composer | Distributed Processing that significantly speeds up content production by using adjacent computing resources to help creative teams keep up with the increasing demand for new content. Media Composer | Distributed Processing enables editors to focus more on their craft by offloading processor-intensive media creation workflow tasks to any available local computers, freeing up their Media Composer edit workstations while removing wasteful downtime from the production process for faster project turnaround. Media Composer | Distributed Processing is included with Media Composer | Enterprise software subscriptions. Media Composer | Distributed Processing enables users to: Keep working—not waiting — Keeps editors in the creative zone, so they can continue working in Media Composer and have more time to craft their stories as jobs get completed in the background. They can offload media encoding tasks with support for a variety of camera, video, and audio file formats and codecs. Accelerate the entire workflow — Handles a media workflow’s most processor-intensive tasks—including transcode, consolidate, render, mixdown, and export—in a fraction of the time by coordinating dispersed processing resources. Multiple complex jobs can be set up to run in the background at any time—even overnight. Monitor systems more easily — Users can track, modify, monitor, prioritize, and filter jobs remotely through the web-based dashboard and new coordinator tools that give teams insight and access to distributed computer networks. Turn around content faster — With parallel processing, jobs can be completed faster to meet tight deadlines and the increasing need for multiple versions for streaming platforms. Delivers higher return-on-investment and cost savings to post-production teams by enabling them to complete projects faster with fewer assets. Get the most out of existing resources — Comprehensive administrative tools to create logical worker groups, monitor queues, and prioritize jobs. Optimizes available resources by turning Media Composer Mac or PC workstations into distributed processing “workers” when they’re not in use for editing.

Neutral

Avid® Announces the Integration of MediaCentral® Content Platform with Cgi’s OpenMedia

2021-08-19 14:10:00

Avid® announced the integration of its MediaCentral® content platform with CGI’s OpenMedia, a complete solution for journalistic workflows. With integration now available for the industry’s leading newsroom computer systems (NRCS) – also including AP ENPS and Octopus – MediaCentral empowers more production teams around the world to enhance their news content creation workflows. Support for additional third-party NRCS ensures production teams can access the full power of MediaCentral including the ability to collaborate remotely, accelerate workflows and produce content faster for all outlets without having to change their newsroom system. Teams immediately can become more efficient and productive by supplementing the systems they already use on a daily basis. MediaCentral’s ultra-fast search functionality lets teams find the content for stories they need when they need it and use the Media Composer video editing tool to produce content without leaving the NRCS interface. Multiplatform distribution capabilities enable them to get stories to followers and viewers faster than before – all while providing access to an end-to-end newsroom solution that enhances operations and can scale as content demand continues to grow.

Neutral

Christy’s Embraces Avid Enterprise Software Subscription to Supply Editing Resources Across Hollywood

2021-08-17 12:30:00

Avid Technology, Inc. announced that post-production rental provider Christy’s Editorial has selected a multiyear subscription licensing agreement for 500 seats of Media Composer video editing software. With its migration from perpetual software licenses, Christy’s achieves easier and more efficient delivery of the editing tool specified by the majority of its premier client base.

Positive

Avid Announces Major Update to the Avid EUCON™ Ethernet Protocol

2021-08-04 18:24:00

Avid announced a major update to the Avid EUCON™ ethernet protocol that powers Avid control surfaces used in Pro Tools®, Logic Pro, Cubase, Nuendo and other digital audio workstations (DAW), from the free Avid Control app to the Avid S6™. Now, due to EUCON 2021.6, audio creators can customize everything from knob layouts for all their favorite plugins to the metering information displayed in the Avid Control app. These features offer unparalleled tactile control and visual feedback over all aspects of a mix. This version of EUCON includes a highly requested feature that enables users of any EUCON-enabled DAW to customize how they interact with all plugins from the control surface to suit their specific workflows and projects. Users can set up custom knob layouts for their preferred plugins, any way they want, to ensure that the most-used plugin parameters are always right where they want them located, significantly speeding up their mixing workflows. Separate custom layouts can be optimized for various control surface knob configurations; for example, 1x8 for Avid S1™, 2x4 for the Avid Dock, as well as 1x8, 2x4, and 4x8 for Avid S4™ and S6. Avid S1, Avid S3™ and Dock control surfaces tightly integrate with the free Avid Control app, which brings highly-detailed S6-style metering from mono to surround formats. With EUCON 2021.6, users can create their own meter strip layouts to optimize the visual information presented while mixing to include exactly the parameters that they want to see, in whatever order they want, without cluttering up the mixer view with unneeded elements. Along with custom knob layouts and meters, EUCON 2021.6 delivers several other capabilities, including Pro Tools Auto Match Indicators in Avid Control to aid in smoother automation writing (previously only offered in Avid S4 and S6), Solo/Mute clear buttons, GPO Fader Start for Avid S4 and S6, and many more enhancements. EUCON is Avid’s open, high-speed Ethernet control protocol that allows its control surfaces to connect to a variety of Avid and third-party creative audio and video software solutions. The protocol delivers integrated control over multiple applications and workstations, resulting in increased efficiencies and cost-effective workflow expansions. EUCON is currently supported by a wide variety of creative software, including Pro Tools, Media Composer, Logic Pro, Cubase, Nuendo, Adobe Premiere, Adobe Audition, and many more.

Neutral

Avid Technology, Inc. Announces Earnings Guidance for the Third Quarter and Full Year 2021

2021-08-03 20:05:00

Avid Technology, Inc. announced earnings guidance for the third quarter and full year 2021. For the quarter, the company expected revenue in the range of $94 million to $100 million. For the year, the company expected revenue in the range of $382 million against $402 million.

Positive

Avid Announces the Release of the Sibelius for Mobile iOS App

2021-07-29 15:15:00

Avid announced the release of the Sibelius for mobile iOS app, extending professional music notation workflows to iPad for the tens of thousands of composers, orchestrators and arrangers who have Sibelius subscriptions. Available immediately for download, Sibelius for mobile lets users move seamlessly between iPad and desktop, and from studio to coffeeshop to scoring stage, and write anywhere their inspiration may strike, while taking full advantage of the Apple Pencil and iPad touch experience. Sibelius for mobile expands the leading music notation program into a professional, cross-platform music notation solution. Almost anything concerning the heart and soul of composition and arrangement will now be available to iPad users. They can create, edit, share, and play Sibelius files everywhere via tablet, opening up new opportunities and locales in which to be creative. While Sibelius for mobile is fully featured, there are some notation and layout features only available in the desktop version, making it an integral part of a complete workflow. Sibelius for mobile comes at no additional cost with all Sibelius desktop subscriptions, enabling users to work where and how they want. While expanding their horizons, creators can keep all their work on one platform, seamlessly moving from desktop to tablet and back without ever having to import or export files. With files saved to iCloud, Dropbox, OneDrive or other iOS-supported cloud service, users have access anywhere to all their ideas and scores. They can take the world’s most powerful notation toolset and entire music portfolio with them wherever they go—ideal for those unexpected opportunities, instead of having to bring and break out a laptop when meeting with clients and collaborators. Sibelius for mobile reimagines the pen and paper experience for tablet with new patent pending note input workflows, taking full advantage of Apple Pencil and iPad touch capabilities so that nothing gets between the creator and the music. Enter notes with the onscreen Keypad or a keyboard, and Sibelius takes care of all note layout. Touch a note and drag up or down to change its value, or drag left or right to add a flat or sharp. With an Apple Pencil, tap a note and tilt up or down to add a flat or sharp, or tilt left or right to choose the note value. Sibelius for mobile is available for download now at no cost from the Apple App Store, and like desktop Sibelius, offers three tiers of functionality that enable users to scale the app for their music composing and notation needs. Customers with a current Sibelius or Sibelius | Ultimate desktop subscription or a perpetual license with an active Software Updates + Support Plan can unlock the equivalent tier of functionality at no cost—and like its desktop counterpart, Sibelius | First for mobile is free for everyone.

Neutral

Avid Technology, Inc. to Report Q2, 2021 Results on Aug 03, 2021

2021-07-23 12:05:00

Avid Technology, Inc. announced that they will report Q2, 2021 results After-Market on Aug 03, 2021

Neutral

Avid Technology, Inc., Q2 2021 Earnings Call, Aug 03, 2021

2021-07-23 12:05:00

Avid Technology, Inc., Q2 2021 Earnings Call, Aug 03, 2021

Positive

Avid Technology, Inc. Announces AvidPlay Subscription Service Now Enables Indie Artists and Labels to Distribute Tracks Mixed in Dolby Atmos® for Apple Music’s Spatial Audio

2021-07-15 17:15:00

Avid Technology, Inc. unveiled another breakthrough for independent music artists, producers and record labels by enabling them to distribute tracks mixed in Dolby Atmos® for Apple Music’s Spatial Audio from the AvidPlay™ subscription-based DIY music distribution service. By using AvidPlay to distribute their music in Dolby Atmos, independent music professionals are reaching the growing audiences that are enthusiastic for immersive listening experiences, while keeping 100% of their rights and earnings. AvidPlay users are taking hold of the opportunity to entertain their fans by producing and distributing unlimited songs in Dolby Atmos across all genres from pop, electronic and hip-hop to jazz, classical and folk. Subscribing artists and labels simply select their singles or albums they’d like to release and then AvidPlay takes care of the rest—from distributing their tracks in Dolby Atmos to Amazon Music, TIDAL and now Apple Music, to generating pre-save and smart links for marketing, to tracking song performance and payments.

Positive

Avid’s Pro Tools | Ultimate Now Includes New Hybrid Engine for HDX Systems, Expanding Performance and Capabilities

2021-06-30 12:30:00

Avid® announced that its latest patented innovation, the Hybrid Engine, is now available for HDX Systems. Part of Pro Tools | Ultimate 2021.6, the HDX Hybrid Engine unlocks unprecedented power for HDX Systems, giving engineers, producers, and audio post-production professionals the ability to run the most demanding sessions with even greater ease—even with single-card systems—as well as providing performance with on-demand access to near-zero recording latency. The Hybrid Engine maximizes Pro Tools performance by intelligently splitting processing between native and HDX DSP mix engines. It lets users take advantage of their host computer’s robust mixing and processing power while also giving them immediate access to HDX’s onboard DSP for supplementing computing power and recording through AAX DSP plugins with virtually no latency. As a result, users can run massive sessions more smoothly, with remarkably low CPU load, optimized voice usage and reduced system delay. This innovation addresses a crucial need for many audio professionals who work with massive, DSP-hungry sessions. With the Hybrid Engine, even a single HDX card can now handle 2,048 voices at all sample rates—plenty of headroom for all the plugins, virtual instruments, surround mixes and other elements audio professionals must juggle to achieve the perfect mix. On top of maximizing performance, the Hybrid Engine lets users nullify the distracting effects of latency with the simple click of a button. When users put tracks in DSP Mode, the entire signal chain and AAX DSP-compatible plugins are processed directly on the HDX card while the host computer plays back the rest of their mix. When users toggle it off, the track reverts to Native Mode. With this intelligent integration built into Pro Tools, users can move effortlessly between tracking and mixing, without the hassle of latency.

Fundamental Summary

Looking at Avid's financials of Q1 reflected decent results. It is highly likely that it will be mostly tethered to market performance and sector movements for the near term. Therefore, Avid received an overall score of 68, translating into a HOLD ranking.

Avid reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported revenue was USD 100.65 million compared to USD 94.36 million a year ago. Net income was USD 10.59 million compared to USD 4.39 million a year ago. Basic earnings per share from continuing operations was USD 0.24 compared to USD 0.1 a year ago. Diluted earnings per share from continuing operations was USD 0.23 compared to USD 0.1 a year ago.

Business Description

Avid, together with its subsidiaries, develops, markets, sells, and supports software and integrated solutions for video and audio content creation, management, and distribution worldwide. The company’s video products and solutions include the Media Composer, a cloud-enabled solution used to edit video content; Avid NEXIS shared storage systems; Maestro solutions for the integration of virtual sets, augmented reality, and video wall control into existing workflows; AirSpeed 5000 and AirSpeed 5500 on-air server solutions; and MediaCentral, a media production suite. Its audio products and solutions comprise Pro Tools digital audio software solutions to facilitate the audio production process; Sibelius solution to create, edit, and publish musical scores; S6 line of complementary control surfaces and consoles; S1 and S4 audio control surfaces; and VENUE | S6L live sound system for mixing audio for live sound reinforcement. The company also provides Avid Link, a mobile application to connect with other artists, producers, mixers, composers, editors, videographers, movie makers, and graphic designers; FastServe video server that assists broadcasters in making the move to UHD and IP based workflows with a new and modular architecture; and hardware products, such as I/O devices, interfaces, and audio and video processing equipment. In addition, it offers various maintenance contracts and support services; professional services, such as workflow design and consulting, program and project management, system installation and commissioning, and custom development and role-based product level training; and public and private training to customers and alliance partners, as well as develops and licenses curriculum content for use by third party Avid Learning partners to deliver training to customers, users, and alliance partners. The company was incorporated in 1987 and is headquartered in Burlington, Massachusetts.

Sector Overview

Avid is included in the Technology Hardware, Storage & Peripherals according to GICS (global industry classification standard). The Technology Hardware, Storage & Peripherals industry is part of the Information Technology sector. It includes manufacturers of mobile phones, PCs, servers, electronic computer components and peripherals. Avid's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 245.1 -10.5% 82
Liabilities 375.1 -5.8% 52
Price to Book -8.8 25.3% 59
Cash & Equivalents 41.2 -27.4% 45
Equity -130.0 -4.8% 43
EBITDA 61.9 1.6% 68
Total Revenues 416.2 1.5% 79
Parameter Value Change Score
Return on Equity -36.0 -11.7% 69
Net Cashflow -14.4 37.7% 58
Capital Expenditure -8.8 -29.2% 45
Asset Turnover 1.6 15.7% 94
Free Cashflow 1.1 -11.6% 59

* All values are TTM

The below chart reflects Avid's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Avid's peer average final assessment score stands on 73.0, Avid's score is 68.

  •  AVID
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
Apple Inc. 2.3T 53 74 84
Hold
75
75 0 1
Seagate Technology Holdings plc 15.9B 56 79 76
Hold
76
76 1 1
Western Digital Corporation 14.9B 59 82 70
Hold
76
76 2 1
NetApp, Inc. 14.9B 62 70 55
Hold
61
61 3 1
Xerox Holdings Corporation 2.5B 62 69 69
Hold
69
69 4 1
Super Micro Computer, Inc. 2.2B 93 69 62
Buy
81
81 5 1
Corsair Gaming, Inc. 1.4B 52 71 40
Underperform
48
48 6 1
Stratasys Ltd. 1.3B 57 58 55
Underperform
50
50 7 1
Dell Technologies Inc. 37.2B 54 69 72
Hold
66
66 8 1
HP Inc. 36.5B 95 73 57
Buy
82
82 9 1
Hewlett Packard Enterprise Company 18.4B 63 73 66
Hold
70
70 10 1
Pure Storage, Inc. 8.0B 55 71 95
Buy
81
81 11 1
3D Systems Corporation 1.3B 45 67 55
Underperform
50
50 12 1
IonQ, Inc. 957.0M 37 43 82
Underperform
44
44 13 1
Nano Dimension Ltd. 834.0M 82 45 70
Hold
69
69 14 1
Canaan Inc. 600.4M 81 64 57
Hold
68
68 15 1
CompoSecure, Inc. 441.4M 59 58 58
Underperform
53
53 16 1
Eastman Kodak Company 419.9M 58 68 57
Underperform
58
58 17 1
Coolpad Group Limited 275.6M 53 80 58
Underperform
58
58 18 1
Turtle Beach Corporation 227.4M 67 69 60
Hold
68
68 19 1
Diebold Nixdorf, Incorporated 190.3M 54 72 53
Underperform
57
57 20 1

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Avid's stock is now priced above its 5-day, but below its 50-day and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a positive setup in the near-term. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Avid's stock indicates that it's likely oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 52.

Bearish 52
Close Price 27.23
52W Low 21.45
52W High 39.89
5D MA 26.71
50D MA 28.25
200D MA 30.29
MACD -0.38
RSI 14.57
STOCH 55.8

Balance Sheet Analysis

Several numbers from Avid's current balance sheet were concerning, in two areas in particular: Equity and Cash & Equivalents. Avid management produced disappointing equity metrics this period, which stood at -130.0, representing a -4.8% change. This parameter often affects companies in the same industry and market capitalization by up to 4.3%. These metrics are all the more disappointing relative to their peers and should blunt potential positive momentum in its's stock price. Therefore, their equity movement component earned a score of 43. Also, Avid reported concerning cash and cash equivalents metrics in this filing. Specifically, they reported that cash and cash equivalents were 41.2, representing a -27.4% change from the last period. Their anemic growth in cash and cash equivalents, specifically in contrast to their industry peers' performance, should hurt their stock price. Discouraging results like these statistically lead to negative pressure in stock prices, so we rated their cash and cash equivalents with a score of 45. That said, one metric, Assets, stood out as strongly positive. Avid's management was effective in managing the value of the assets on their balance sheet, which now sits at 245.1 and represents a -10.5% change from the previous report. These results, specifically in contrast to their industry peers' performance, should support an upswing in the company's stock price. Consequently, their asset movement received a grade of 82. Therefore, the company's balance sheet earned a grade of 49.

Parameter Value Change Score
Assets 245.1 -10.5% 82
Liabilities 375.1 -5.8% 52
Price to Book -8.8 25.3% 59
Cash & Equivalents 41.2 -27.4% 45
Equity -130.0 -4.8% 43
* All values are TTM

The below chart describes Avid's performance as reflected on its balance sheet with respect to its peers. While Avid received a balance sheet score of 49, the average of its peers stands on 68.0.

  •  AVID
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
Apple Inc. 2.3T 50 80 60 46 56 53 0 1
Seagate Technology Holdings plc 15.9B 60 80 58 46 52 56 1 1
Western Digital Corporation 14.9B 60 77 55 68 62 59 2 1
NetApp, Inc. 14.9B 78 67 60 67 52 62 3 1
Xerox Holdings Corporation 2.5B 67 77 60 58 56 62 4 1
Super Micro Computer, Inc. 2.2B 89 62 93 70 90 93 5 1
Corsair Gaming, Inc. 1.4B 50 72 64 38 63 52 6 1
Stratasys Ltd. 1.3B 58 81 47 88 54 57 7 1
Dell Technologies Inc. 37.2B 56 80 57 44 55 54 8 1
HP Inc. 36.5B 71 73 97 91 92 95 9 1
Hewlett Packard Enterprise Company 18.4B 52 78 73 46 67 63 10 1
Pure Storage, Inc. 8.0B 42 82 62 66 57 55 11 1
3D Systems Corporation 1.3B 57 80 46 38 45 45 12 1
IonQ, Inc. 957.0M 38 74 53 37 49 37 13 1
Nano Dimension Ltd. 834.0M 96 85 59 48 60 82 14 1
Canaan Inc. 600.4M 76 62 88 67 83 81 15 1
CompoSecure, Inc. 441.4M 58 64 66 44 82 59 16 1
Eastman Kodak Company 419.9M 67 70 55 53 66 58 17 1
Coolpad Group Limited 275.6M 48 86 47 63 45 53 18 1
Turtle Beach Corporation 227.4M 39 80 69 86 67 67 19 1
Diebold Nixdorf, Incorporated 190.3M 65 83 43 40 56 54 20 1

Income Statement Analysis

Two metrics jump up as the most significant positive drivers of the income statement's strength in Avid's recent report: Revenue Efficiency and Return Factors. Avid reported highly encouraging numbers for its revenue efficiency. This characteristic can affect companies in the same industry and market capitalization by up to 18.5%. Their impressive revenue efficiency is even more impressive relative to its peers and competitors in the current market. Consequently, their revenue efficiency received a grade of 79. Also, Return factors metrics and ratios were exceptional in this report. Avid reported a return on equity (ROE) ratio of -36.0, representing a change of -11.7% from the last report. The company appears headed in the right direction in terms of these return factors, exhibiting prudent capital expenditure growth compared to its peers. The company's return factors (ROA & ROE) components, therefore, received a grade of 69. That said, one metric, EBITDA, stood out as strongly negative. Avid reported concerning EBITDA this period. At filing, EBITDA was reported as 61.9, representing 1.6% change from the previous period. This parameter coud affect companies in the same industry and market capitalization by up to 13.2%. Avid appears to be headed in the wrong direction in terms of EBITDA momentum, likely due to insufficient capital controls and a weaker than expected overall financial performance. Discouraging results like these statistically lead to negative pressure in stock prices, so we rated their EBITDA a grade of 68. Its income statement, therefore, earned a score of 75.

Parameter Value Change Score
EBITDA 61.9 1.6% 68
Total Revenues 416.2 1.5% 79
Return on Equity -36.0 -11.7% 69
* All values are TTM

The below chart describes Avid's performance as reflected on its income statement with respect to its peers. While Avid received a income statement score of 75 , the average of its peers stands on 72.0.

  •  AVID
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
Apple Inc. 2.3T 76 67 79 74 0 1
Seagate Technology Holdings plc 15.9B 83 69 90 79 1 1
Western Digital Corporation 14.9B 80 83 71 82 2 1
NetApp, Inc. 14.9B 76 63 52 70 3 1
Xerox Holdings Corporation 2.5B 88 46 45 69 4 1
Super Micro Computer, Inc. 2.2B 43 95 95 69 5 1
Corsair Gaming, Inc. 1.4B 97 41 39 71 6 1
Stratasys Ltd. 1.3B 61 48 81 58 7 1
Dell Technologies Inc. 37.2B 68 65 82 69 8 1
HP Inc. 36.5B 81 61 64 73 9 1
Hewlett Packard Enterprise Company 18.4B 85 56 61 73 10 1
Pure Storage, Inc. 8.0B 46 97 96 71 11 1
3D Systems Corporation 1.3B 91 38 42 67 12 1
IonQ, Inc. 957.0M 37 47 61 43 13 1
Nano Dimension Ltd. 834.0M 37 46 73 45 14 1
Canaan Inc. 600.4M 38 93 77 64 15 1
CompoSecure, Inc. 441.4M 51 69 53 58 16 1
Eastman Kodak Company 419.9M 75 61 49 68 17 1
Coolpad Group Limited 275.6M 98 58 63 80 18 1
Turtle Beach Corporation 227.4M 96 41 42 69 19 1
Diebold Nixdorf, Incorporated 190.3M 92 42 73 72 20 1

Cash Flow Analysis

Overall, Avid's critical cash flow metrics appear to signal strong support and a high likelihood of positive growth going forward. Avid is doing a remarkable job of keeping its asset turnover under control. At filing, their asset turnover metrics were 1.6, representing a 15.7% change from the previous period. Companies in the same sector and market capitalization will usually be affected by up to 10.7 percent by this parameter. Their impressive asset turnover metrics, specifically in contrast to their industry peers' performance, should support a tailwind in the company's stock price. Correspondingly, their asset turnover movement received a grade of 94. Also, Avid did a great job related to free cash flow this period, which stood at 1.1, representing a -11.6% change from the previous filing. This parameter coud affect companies in the same industry and market capitalization by up to 7.4%. The company's free cash flow metrics are especially strong compared to its peers. Management seems to balance cash flow management, asset growth, and resource allocations in general. Consequently, their free cash flow movement received a grade of 59. That said, one metric, Capital Expenditure, stood out as strongly negative. Avid's management did not a remarkable job this period managing capital expenditures (CapEx). In terms of the raw numbers, CapEx was reported as -8.8, which represents a -29.2% change from the last period. The company's disappointing CapEx growth is expected to stunt the momentum they hoped for this period. Therefore, their CapEx movement component earned a score of 45. Therefore, their cash flow earned a grade of 74.

Parameter Value Change Score
Net Cashflow -14.4 37.7% 58
Capital Expenditure -8.8 -29.2% 45
Asset Turnover 1.6 15.7% 94
Free Cashflow 1.1 -11.6% 59
* All values are TTM

The below chart describes Avid's performance as reflected on its cash flow with respect to its peers. While Avid received a cash flow score of 74, the average of its peers stands on 73.0.

  •  AVID
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
Apple Inc. 2.3T 76 75 68 91 84 0 1
Seagate Technology Holdings plc 15.9B 64 77 76 79 76 1 1
Western Digital Corporation 14.9B 65 82 54 70 70 2 1
NetApp, Inc. 14.9B 77 58 37 53 55 3 1
Xerox Holdings Corporation 2.5B 59 64 77 75 69 4 1
Super Micro Computer, Inc. 2.2B 51 51 90 68 62 5 1
Corsair Gaming, Inc. 1.4B 50 37 48 46 40 6 1
Stratasys Ltd. 1.3B 83 37 77 51 55 7 1
Dell Technologies Inc. 37.2B 68 50 68 85 72 8 1
HP Inc. 36.5B 56 59 60 59 57 9 1
Hewlett Packard Enterprise Company 18.4B 77 52 62 71 66 10 1
Pure Storage, Inc. 8.0B 94 91 64 97 95 11 1
3D Systems Corporation 1.3B 58 40 61 65 55 12 1
IonQ, Inc. 957.0M 69 66 54 98 82 13 1
Nano Dimension Ltd. 834.0M 69 70 74 55 70 14 1
Canaan Inc. 600.4M 67 69 73 46 57 15 1
CompoSecure, Inc. 441.4M 77 76 46 48 58 16 1
Eastman Kodak Company 419.9M 84 50 50 54 57 17 1
Coolpad Group Limited 275.6M 59 74 79 43 58 18 1
Turtle Beach Corporation 227.4M 87 38 87 51 60 19 1
Diebold Nixdorf, Incorporated 190.3M 38 38 59 72 53 20 1

This report is intended for general guidance and information purposes only and under no circumstances is tailored to a specific factor or variable related to its reader or intended to be used or considered as financial or investment advice, a solicitation of any offer, a recommendation, or an offer to sell or buy any securities or other form of a financial asset. For the full disclaimer, click here.