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Avid Technology Inc (AVID.OQ)

AVID.OQ on NASDAQ Stock Exchange Global Select Market

6.39USD
13 Sep 2019
Change (% chg)

$-0.08 (-1.24%)
Prev Close
$6.47
Open
$6.50
Day's High
$6.51
Day's Low
$6.37
Volume
86,827
Avg. Vol
140,472
52-wk High
$10.78
52-wk Low
$4.37

Latest Key Developments (Source: Significant Developments)

Avid Technology Reports Q1 Non-GAAP Earnings Per Share $0.11
Tuesday, 7 May 2019 

May 6 (Reuters) - Avid Technology Inc ::AVID TECHNOLOGY ANNOUNCES Q1 2019 RESULTS.Q1 NON-GAAP EARNINGS PER SHARE $0.11.Q1 GAAP LOSS PER SHARE $0.01.Q1 EARNINGS PER SHARE ESTIMATE $0.04 -- REFINITIV IBES DATA.ALSO REAFFIRMING ITS GUIDANCE FOR REVENUE, ADJUSTED EBITDA AND FREE CASH FLOW FOR FULL-YEAR 2019.QTRLY REVENUE $103.3 MILLION VERSUS $97.9 MILLION.SEES Q2 2019 REVENUE $97.0 MILLION - $105.0 MILLION.Q1 REVENUE VIEW $100.8 MILLION -- REFINITIV IBES DATA.ANNUAL CONTRACT VALUE WAS $237 MILLION AT END OF Q1 2019, UP FROM $222 MILLION AT END OF Q1 2018.  Full Article

Avid Technology Says Co, Unit Entered Into A Fifth Amendment To Their Existing Agreement, Dated February 26, 2016
Thursday, 11 Apr 2019 

April 11 (Reuters) - Avid Technology Inc ::AVID TECHNOLOGY INC - CO, UNIT ENTERED INTO A FIFTH AMENDMENT TO THEIR EXISTING AGREEMENT, DATED FEBRUARY 26, 2016 - SEC FILING.AVID TECHNOLOGY INC - FIFTH AMENDMENT PROVIDES FOR AN ADDITIONAL DELAYED DRAW TERM LOAN COMMITMENT IN AGGREGATE PRINCIPAL AMOUNT OF $100 MILLION.AVID TECHNOLOGY INC - COMMITMENT TO LOAN DELAYED DRAW FUNDS EXPIRES ON MAY 23, 2019.AVID TECHNOLOGY INC - ANY DELAYED DRAW FUNDS DRAWN AND USED TO FUND PURCHASE OF NOTES WILL MATURE ON MAY 10, 2023.  Full Article

Avid Technology Announces Q4 And Full Year 2018 Results
Friday, 15 Mar 2019 

March 14 (Reuters) - Avid Technology Inc ::AVID TECHNOLOGY ANNOUNCES Q4 AND FULL YEAR 2018 RESULTS.Q4 GAAP EARNINGS PER SHARE $0.14.Q4 EARNINGS PER SHARE ESTIMATE $0.16 -- REFINITIV IBES DATA.QTRLY REVENUE WAS $112.7 MILLION, AN INCREASE OF 5% YEAR-OVER-YEAR.REAFFIRMING ITS GUIDANCE FOR REVENUE, ADJUSTED EBITDA AND FREE CASH FLOW FOR FULL-YEAR 2019.SEES Q1 2019 REVENUE $96 - $104 MILLION.SEES Q1 2019 ADJUSTED EBITDA $7 - $12 MILLION.SEES 2019 REVENUE $420 MILLION - $430 MILLION.SEES 2019 ADJUSTED EBITDA $60 MILLION - $65 MILLION.Q4 REVENUE VIEW $110.4 MILLION -- REFINITIV IBES DATA.  Full Article

Avid Technology Inc - QTRLY Loss Per Share $0.20
Friday, 10 Aug 2018 

Avid Technology Inc ::AVID TECHNOLOGY ANNOUNCES Q2 2018 RESULTS AND REAFFIRMS FULL YEAR 2018 GUIDANCE.Q2 REVENUE $98.6 MILLION.QTRLY BOOKINGS WERE $110.3 MILLION, AN INCREASE OF 12%.RECURRING REVENUE 57% OF REVENUE IN Q2, UP FROM 51% IN Q2'17.REAFFIRMING AND NARROWING ITS ANNUAL FINANCIAL GUIDANCE FOR FULL YEAR 2018.SEES FY REVENUE $410 MILLION-$420 MILLION.QTRLY LOSS PER SHARE $0.20.  Full Article

Avid Technology Inc Appoints Ken Gayron As Chief Financial Officer
Thursday, 31 May 2018 

May 31 (Reuters) - Avid Technology Inc ::AVID TECHNOLOGY INC - APPOINTS KEN GAYRON AS CHIEF FINANCIAL OFFICER.  Full Article

Avid Technology Reports Qtrly Net Loss Per Common Share $0.22
Friday, 11 May 2018 

May 10 (Reuters) - Avid Technology Inc ::AVID TECHNOLOGY ANNOUNCES Q1 2018 RESULTS AND ISSUES Q2 2018 GUIDANCE.Q1 REVENUE $97.9 MILLION VERSUS I/B/E/S VIEW $100.7 MILLION.SEES Q2 2018 REVENUE $97 MILLION - $107 MILLION.SEES Q2 2018 ADJUSTED EBITDA $4 MILLION - $10 MILLION.QTRLY NET LOSS PER COMMON SHARE $0.22.  Full Article

Avid posts Q3 net income $0.00‍​/shr
Friday, 10 Nov 2017 

Nov 9 (Reuters) - Avid Technology Inc :Avid Technology announces Q3 2017 results and issues Q4 2017 guidance.Q3 revenue $105.3 million versus I/B/E/S view $102.6 million.Avid Technology Inc - qtrly ‍constant currency bookings were $107.9 million​.Avid Technology Inc - sees Q4 2017 bookings (constant currency) in range of $118 million to $132 mln‍​.Avid Technology Inc - sees Q4 2017 revenue in range of $103 million to $113 mln‍​.Avid Technology Inc says qtrly net income per common share - diluted $0.00‍​.  Full Article

Avid enters into multiyear enterprise agreement with Viacom
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Avid Technology Inc :Avid technology - ‍announced multiyear enterprise agreement with viacom to enhance worldwide production infrastructure on avid's mediacentral platform​.  Full Article

Avid Technology announces global patent cross-licensing agreement with Harmonic​
Tuesday, 31 Oct 2017 

Oct 30 (Reuters) - Avid Technology Inc : :Avid Technology Inc - ‍announced a global patent cross-licensing agreement with Harmonic Inc.​.Avid Technology Inc - ‍under terms of settlement, Harmonic will pay $6.0 million to Avid​.Avid Technology Inc - ‍ending patent infringement litigation against Harmonic on a mutually acceptable basis without trial​.  Full Article

Australia's Villa World gets sweetened A$293.5 million takeover bid from AVID Property

Australian property developer Villa World on Thursday received a sweetened takeover offer from AVID Property Group Australia Pty, which now values the company at A$293.5 million($205.95 million).