Avid Unveils Pro Tools Sketch for Modern Music Creators and to Expand Pro Tools Workflows
- New iPad app and added capability to Pro Tools desktop software enables musicians to quickly capture new ideas and experiment with arrangements anywhere New iPad app and added capability to Pro Tools desktop software enables musicians to quickly capture new ideas and experiment with arrangements anywhere
- 09/22/2023
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ITV Studios' International Production Arm Extends Partnership with Avid to Standardize and Streamline Post-Production Workflows
- International production labels across 11 countries and part of ITV PLC, which includes the UK's biggest commercial broadcaster, sign new subscription deal to upgrade editing and storage workflows International production labels across 11 countries and part of ITV PLC, which includes the UK's biggest commercial broadcaster, sign new subscription deal to upgrade editing and storage workflows
- 09/18/2023
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ITV Partners with Avid to Upgrade Its National and Regional News Production Systems
- UK's biggest commercial broadcaster signs subscription deal to modernize news editing, storage and management workflows UK's biggest commercial broadcaster signs subscription deal to modernize news editing, storage and management workflows
- 09/13/2023
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Avid Brings Next Wave of Audio Production Innovations to IBC2023 Show
- Tighter Pro Tools integration with Media Composer and prominent partner tools accelerate production of rich audio experiences for TV and film Tighter Pro Tools integration with Media Composer and prominent partner tools accelerate production of rich audio experiences for TV and film
- 09/12/2023
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Avid Unveils Innovations at IBC2023 Show to Drive the Open and Collaborative Future of Media Production
- New product introductions and demonstrations harness artificial intelligence and third-party integrations to accelerate television, film and news production workflows New product introductions and demonstrations harness artificial intelligence and third-party integrations to accelerate television, film and news production workflows
- 09/12/2023
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Avid Launches Stream IO Subscription-based Ingest & Playout Platform for Next-Generation Media Production
- Now available, and to be featured at the IBC2023 Show, Avid | Stream IO delivers unparalleled speed, adaptable media format support and flexible deployment Now available, and to be featured at the IBC2023 Show, Avid | Stream IO delivers unparalleled speed, adaptable media format support and flexible deployment
- 09/06/2023
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Avid Augments Sibelius with AI-powered Auto-complete Chord Symbols
- Latest software release provides cutting-edge functionality to speed up chord notation workflows Latest software release provides cutting-edge functionality to speed up chord notation workflows
- 08/31/2023
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Avid Launches Media Composer Panel Software Development Kit to Propel Third-Party Innovation for Media's Top Editing Tool
- Technology Vendors and Customers Can Integrate Apps and Services Directly into Media Composer to Streamline Workflows Technology Vendors and Customers Can Integrate Apps and Services Directly into Media Composer to Streamline Workflows
- 08/31/2023
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Avid Showcases the Power of AI-Driven Capabilities in Media Composer to Enhance Creative Intelligence
- Avid's newly available PhraseFind AI and ScriptSync AI enable editors to focus on the quality of content, eliminate redundant tasks and accelerate project delivery
- 08/31/2023
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Avid Learning Summit London Tackles the Skills Gap in Media and Entertainment Industry
- Avid brings a Europe-focused Learning Summit to London's Ravensbourne University on September 9, offering students and educators a free full-day program with connections to industry leaders Avid brings a Europe-focused Learning Summit to London's Ravensbourne University on September 9, offering students and educators a free full-day program with connections to industry leaders
- 08/30/2023
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Avid's VENUE 7.2 Audio Software Gives Live Sound Engineers Greater Command of Their Shows
- New unlimited patching possibilities enable audio engineers to elevate their vision for live production New unlimited patching possibilities enable audio engineers to elevate their vision for live production
- 08/24/2023
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Al Jazeera Extends Relationship with Avid to Enable Subscription and SaaS Cloud-Based Production for Thousands of Users Around the World
- Global broadcaster signs multi-year agreement to upgrade to Avid's global tech platform and subscription tools Global broadcaster signs multi-year agreement to upgrade to Avid's global tech platform and subscription tools
- 08/23/2023
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Avid Artists Interviews Shine a Light on Emmy® Award-nominated Editors from the Avid User Community
- Get fresh backstories and inspiration through Avid-produced interviews and profiles of gifted editors competing across comedy, drama, reality and other award categories Get fresh backstories and inspiration through Avid-produced interviews and profiles of gifted editors competing across comedy, drama, reality and other award categories
- 08/18/2023
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Avid Technology (AVID) Meets Q2 Earnings Estimates
- Avid Technology (AVID) came out with quarterly earnings of $0.22 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.26 per share a year ago.
- 08/09/2023
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Here's What Key Metrics Tell Us About Avid (AVID) Q2 Earnings
- Although the revenue and EPS for Avid (AVID) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
- 08/09/2023
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Avid Technology Announces Conference Call to Discuss Second Quarter 2023 Financial Results
- BURLINGTON, Mass., Aug. 03, 2023 (GLOBE NEWSWIRE) -- Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, announced today that Jeff Rosica, Chief Executive Officer and President, and Ken Gayron, Chief Financial Officer and Executive Vice President, will host a conference call on Wednesday, August 9, 2023, at 5:30 p.m. ET to discuss the company's earnings for the second quarter of 2023, ended June 30, 2023, which will be published after the market closes that day. Investors are invited to register for the Zoom video webinar by visiting https://ir.avid.com/events-and-presentations. A replay will be available for a limited time by visiting the Events & Presentations page on Avid's investor relations website.
- 08/03/2023
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Avid Technology: Supply Chain Delays Continue
- The ARRs continue to develop quite well, but EBITDA is being hit by issues on integrated solutions, which is seeing delivery delays. When supply chain bottlenecks there loosen, we'll see more hardware maintenance revenue too and some operating leverage, although the integrated solutions GM is weaker now. Enterprise conversions and wins are driving up per seat revenues, which is helpful, and there are iterations and additions to the Pro Tools product that help drive engagement.
- 07/13/2023
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Avid (AVID) Improves User Experience With Pro Tools Update
- Avid Technology (AVID) unveils its latest pro tools updates with new track widths and expanded immersive mixing workflows, improving the growing pro tools community experience.
- 06/09/2023
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Why Avid Technology Stock Was Blasting Higher This Week
- A media report said the video and audio editing software specialist has put itself up for sale. It wasn't clear what price it's aiming to fetch.
- 05/26/2023
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Avid Technology stock climbs on possible company sale
- Avid Technology (NASDAQ:AVID) Inc shares jumped 20% to $24.50 on Wednesday following a Reuters report that the video and audio editing software maker has hired Goldman Sachs (NYSE:GS) to explore a potential company sale. According to Reuters, the Burlington, Massachusetts-based company has asked for binding offers from interested parties.
- 05/24/2023
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Avid Tech stock jumps more than 15% on report of exploring potential sale
- Shares of video and audio editing software maker Avid Technology Inc. AVID, +19.15% jumped Wednesday following a report the company has hired Goldman Sachs to explore a potential sale. Avid shares rallied as much as 18% following Reuters' reporting of the matter, citing unnamed sources close to the proceedings.
- 05/24/2023
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Avid Technology to Participate in Upcoming Investor Conferences
- BURLINGTON, Mass., May 18, 2023 (GLOBE NEWSWIRE) -- Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, today announced that Jeff Rosica, its Chief Executive Officer and President, and Ken Gayron, its Executive Vice President and Chief Financial Officer, will be participating in two upcoming investor conferences.
- 05/18/2023
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Avid Technology (AVID) Launches Pro Tools to Elevate Audio
- Avid Technology (AVID) launches its latest pro tools to provide post-production audio facilities, improving the growing pro tools community capabilities.
- 04/13/2023
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Avid Technology, Inc. (AVID) Q4 2022 Earnings Call Transcript
- Avid Technology, Inc. (NASDAQ:AVID ) Q4 2022 Earnings Conference Call March 1, 2023 5:30 PM ET Company Participants Whit Rappole – Vice President Corporate Development and Investor Relations Jeff Rosica – Chief Executive Officer and President Ken Gayron – Chief Financial Officer and EVP Conference Call Participants Josh Nichols – B. Riley Jeremy Sahler – Jefferies Nehal Chokshi – Northland Paul Chung – JPMorgan Jack Vander Aarde – Maxim Whit Rappole [Call Starts Abruptly] Jeff Rosica, our Chief Executive Officer and President; and Ken Gayron, our Chief Financial Officer and EVP.
- 03/04/2023
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Avid Technology (AVID) Q4 Earnings Lag Estimates
- Avid (AVID) delivered earnings and revenue surprises of -4.26% and 1.76%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
- 03/01/2023
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Avid Technology Announces Conference Call to Discuss Fourth Quarter and Full-Year 2022 Financial Results
- BURLINGTON, Mass., Feb. 27, 2023 (GLOBE NEWSWIRE) -- Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, announced today that Jeff Rosica, Chief Executive Officer and President, and Ken Gayron, Chief Financial Officer and Executive Vice President, will host a conference call on Wednesday, March 1, 2023, at 5:30 p.m. ET to discuss the company's earnings for the fourth quarter and full-year 2022, ended Dec. 31, 2022, which will be published after the market closes that day. Investors are invited to register for the Zoom video webinar by visiting https://ir.avid.com/events-and-presentations.
- 02/27/2023
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Avid Still Pressured On Supply Chain For Integrated Solutions
- YoY growth slows as integrated solutions drags on results due to supply chain issues. While some common electronic components are becoming more available, many are still scarce, and as of the last earnings, management expects problems till mid-2023.
- 12/30/2022
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Avid Technology: Small Cap In Early Stages Of SaaS Transformation
- Avid is like Microsoft Excel for video and music. Except working on media is far more complex than sharing spreadsheets. Avid is a high-quality company. Their moat stems from their collaboration tools, which increase switching costs and keep users captive to the platform.
- 12/27/2022
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Avid Technology, Inc. (AVID) Q3 2022 Earnings Call Transcript
- Avid Technology, Inc. (NASDAQ:AVID ) Q3 2022 Earnings Conference Call November 8, 2022 5:30 PM ET Company Participants Whit Rappole - VP, Corporate Development and IR Jeff Rosica - President and CEO Ken Gayron - EVP and CFO Conference Call Participants Jack Vander Aarde - Maxim Group Jeremy Sandler - Jefferies Nehal Chokshi - Northland Steve Frankel - Rosenblatt Securities Josh Nichols - B. Riley Securities FBR Paul Chung - JPMorgan Whit Rappole Good afternoon, ladies and gentlemen and welcome to Avid Technology's Third Quarter 2022 Earnings Conference Call for the period ended September 30, 2022.
- 11/08/2022
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AVID Launches Pro Tools Intro Artist for New Music Makers
- AVID launches Pro Tools Intro, which is expected to continue boosting subscription revenue growth in the coming quarters.
- 10/10/2022
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AVID Introduces Pro Tools Upgrades for the Music Community
- Avid Technology (AVID) launches its latest Pro Tools release to provide music creators of every skill level with new workflows.
- 10/03/2022
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AVID's Latest TV & Media Subscription Service to Aid Prospect
- AVID launches next-gen Maestro, a new subscription-based software solution for real-time broadcast television graphics.
- 09/22/2022
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AVID Launches New Upgrades to Pro Tools Artist for ALA Students
- Avid (AVID) announces that its Avid Learning Academy (ALA) program has transitioned to Pro Tools Artist to help budding music creators develop music.
- 09/15/2022
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Avid Technology: An Attractive Play With Solid Catalysts
- Avid Technology has had a rough few years from a revenue perspective, but profits and cash flows have been rising nicely. AVID continues to benefit from a transition to high-margin subscriptions as other portions of the enterprise decline.
- 08/31/2022
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Avid Technology, Inc. (AVID) CEO Jeff Rosica on Q2 2022 Results - Earnings Call Transcript
- Avid Technology, Inc. (NASDAQ:AVID ) Q2 2022 Earnings Conference Call August 2, 2022 5:30 PM ET Corporate Participants Whit Rappole - Vice President-Corporate Development and Investor Relations Jeff Rosica - President and Chief Executive Officer Ken Gayron - Executive Vice President and Chief Financial Officer Conference Call Participants Josh Nichols - B. Riley Securities Nehal Chokshi - Northland Securities Paul Chung - JPMorgan Steve Frankel - Rosenblatt Securities Samad Samana - Jefferies Jack Vander Aarde - Maxim Whit Rappole Good afternoon, ladies and gentlemen and welcome to Avid Technology's Second Quarter 2022 Earnings Conference Call for the period ended June 30, 2022.
- 08/03/2022
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Avid Technology (AVID) Reports Next Week: What to Know Ahead of the Release
- Avid (AVID) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/26/2022
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3 Reasons Why Avid (AVID) Is a Great Growth Stock
- Avid (AVID) is well positioned to outperform the market, as it exhibits above-average growth in financials.
- 05/16/2022
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Avid Technology: Sell Off After Earnings Is Unjustified
- Avid recently reported its Q1 2022 earnings and the stock plummeted 20%. Guidance for the next quarter slightly missed estimate but management re-affirmed full year guidance.
- 05/06/2022
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Why Avid Technology Stock Crashed Today
- The company warned of uneven operating results in the near term due to supply chain disruptions.
- 05/05/2022
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Avid Technology, Inc. (AVID) CEO Jeff Rosica on Q1 2022 Results - Earnings Call Transcript
- Avid Technology, Inc. (NASDAQ:AVID ) Q1 2022 Earnings Conference Call May 4, 2022 5:30 PM ET Company Participants Whit Rappole - Vice President-Corporate Development & Investor Relations Jeff Rosica - Chief Executive Officer & President Ken Gayron - Executive Vice President & Chief Financial Officer Conference Call Participants Nehal Chokshi - Northland Securities Samad Samana - Jefferies Jack Vander Aarde - Maxim Group Josh Nichols - B. Riley Securities Whit Rappole Good afternoon, ladies and gentlemen and welcome to Avid Technology's First Quarter 2022 Earnings Conference Call for the period ended March 31, 2022.
- 05/04/2022
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Avid Technology (AVID) Misses Q1 Earnings and Revenue Estimates
- Avid (AVID) delivered earnings and revenue surprises of -2.94% and 2.35%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
- 05/04/2022
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Paramount Global (PARA)-Avid Technology Ink Video Content Deal
- Paramount Global (PARA) enters into a strategic alliance with Avid Technology to manage and transform the former's video content operations across the globe.
- 03/21/2022
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Avid Technology, Inc. (AVID) CEO Jeff Rosica on Q4 2021 Results - Earnings Call Transcript
- Avid Technology, Inc. (AVID) CEO Jeff Rosica on Q4 2021 Results - Earnings Call Transcript
- 03/01/2022
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Avid Technology (AVID) Beats Q4 Earnings and Revenue Estimates
- Avid (AVID) delivered earnings and revenue surprises of 12.20% and 7.89%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?
- 03/01/2022
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Avid Technology Announces Conference Call to Discuss Fourth Quarter and Full-Year 2021 Financial Results
- BURLINGTON, Mass., Feb. 15, 2022 (GLOBE NEWSWIRE) -- Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, announced today that Jeff Rosica, Chief Executive Officer and President, and Ken Gayron, Chief Financial Officer and Executive Vice President, will host a conference call on Tuesday, March 1, 2022, at 5:30 p.m. ET to discuss the company's earnings for the fourth quarter and full-year 2021, ended December 31, 2021, which will be published after the market closes that day.
- 02/15/2022
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3 Growth Stocks Climbing Up My Prospective Buy List
- These growing companies offer a nice balance of growth and attractive valuations.
- 01/20/2022
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Royce's Firm Closes Out 2021 With Portfolio Adjustments
- Royce Investment Partners revealed last week it made some changes to its portfolio as it prepared to head into a new year.
- 01/17/2022
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Avid Technology: Bullish On Climbing Demand For Digital Media Production
- Avid Technology reported its Q3 results which beat expectations highlighted by strong trends in subscriber growth. The company is benefiting from increased global spending towards media content produced on its market-leading software.
- 12/02/2021
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Avid Technology, Inc. (AVID) CEO Jeff Rosica on Q3 2021 Results - Earnings Call Transcript
- Avid Technology, Inc. (AVID) CEO Jeff Rosica on Q3 2021 Results - Earnings Call Transcript
- 11/09/2021
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Avid Technology (AVID) Q3 Earnings and Revenues Beat Estimates
- Avid (AVID) delivered earnings and revenue surprises of 12.50% and 4.80%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
- 11/09/2021
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Earnings Preview: Avid Technology (AVID) Q3 Earnings Expected to Decline
- Avid (AVID) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 10/20/2021
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Got $3,000? These Supercharged Stocks Can Triple Your Money in a Decade
- These two tech stocks are benefiting from big megatrends.
- 10/19/2021
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Avid Expands IP Content Sources for Live TV Content Workflows to Include Sony and TVU Networks
- Content contribution from any SRT or RTMP enabled device into Avid production environments now possible Content contribution from any SRT or RTMP enabled device into Avid production environments now possible
- 10/19/2021
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Avid Technology Announces $115 Million Share Repurchase Authorization
- BURLINGTON, Mass., Sept. 09, 2021 (GLOBE NEWSWIRE) -- Avid ® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, today announced that its Board of Directors has authorized a share repurchase program pursuant to which Avid may purchase up to $115 million of its common stock.
- 09/09/2021
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Avid Tumbled After Earnings. Is This a Buying Opportunity?
- The supplier of tech for video and audio content production disappointed the market with its second-quarter results -- but were traders being short-sighted?
- 08/31/2021
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Avid Technology to Participate in September Investor Conferences
- BURLINGTON, Mass., Aug. 31, 2021 (GLOBE NEWSWIRE) -- Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, today announced that its executive management will participate in two virtual investor conferences during September 2021.
- 08/31/2021
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Avid Enhances Media Composer Subscription Offering to Accelerate Content Editing and Production
- Media Composer | Distributed Processing speeds creative workflows by offloading processor-intensive tasks Media Composer | Distributed Processing speeds creative workflows by offloading processor-intensive tasks
- 08/26/2021
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Swedish National Broadcaster SVT Chooses Avid Software Subscription for TV News and Programming Production Workflows
- Enterprise-wide subscription for MediaCentral platform and creative tools adds flexibility and capabilities for large and distributed production teams Enterprise-wide subscription for MediaCentral platform and creative tools adds flexibility and capabilities for large and distributed production teams
- 08/23/2021
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Avid Technology: Selloff Provides An Opportunity
- Solid growth stock with a leading market position and solid finances. Shift towards SaaS subscriptions has a long way to go, improving margins and cash flow.
- 08/20/2021
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Avid Expands MediaCentral Integration with Third-Party Newsroom Computer Systems
- New OpenMedia integration enables news production teams to accelerate workflows and collaborate remotely with the industry's leading content platform without having to change their newsroom solution New OpenMedia integration enables news production teams to accelerate workflows and collaborate remotely with the industry's leading content platform without having to change their newsroom solution
- 08/19/2021
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Christy's Embraces Avid Enterprise Software Subscription to Supply Editing Resources Across Hollywood
- Legendary family-owned shop built on extremely high-caliber service continues to innovate its offering to top film and TV creators Legendary family-owned shop built on extremely high-caliber service continues to innovate its offering to top film and TV creators
- 08/17/2021
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New EUCON Update Delivers Custom Plugin Mapping and Meter Creation for Avid Control Surfaces
- Update introduces new level of customization and visual feedback features to industry-leading Avid control surfaces Update introduces new level of customization and visual feedback features to industry-leading Avid control surfaces
- 08/04/2021
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Avid Technology, Inc. (AVID) CEO Jeff Rosica on Q2 2021 Results - Earnings Call Transcript
- Avid Technology, Inc. (AVID) CEO Jeff Rosica on Q2 2021 Results - Earnings Call Transcript
- 08/03/2021
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Avid Technology (AVID) Beats Q2 Earnings and Revenue Estimates
- Avid (AVID) delivered earnings and revenue surprises of 8.70% and 3.87%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
- 08/03/2021
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Avid Technology: Q2 Earnings Insights
- Shares of Avid Technology (NASDAQ:AVID) fell in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share were up 108.33% year over year to $0.25, which beat the estimate of $0.23.
- 08/03/2021
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Avid Unveils Sibelius Mobile App Placing Powerful Notation Tools at Music Creators' Fingertips Everywhere They Go
- Sibelius users gain new mobile workflows with iPad app to compose anywhere Sibelius users gain new mobile workflows with iPad app to compose anywhere
- 07/29/2021
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Avid Technology (AVID) Earnings Expected to Grow: Should You Buy?
- Avid (AVID) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/27/2021
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Avid Technology Announces Conference Call to Discuss Second Quarter 2021 Financial Results
- BURLINGTON, Mass., July 23, 2021 (GLOBE NEWSWIRE) -- Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, announced today that Jeff Rosica, Chief Executive Officer and President, and Ken Gayron, Chief Financial Officer and Executive Vice President, will host a conference call on Tuesday, August 3, 2021, at 5:30 p.m. ET to discuss the company's earnings for the second quarter of 2021, which will be published after the market closes that day.
- 07/23/2021
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The 10 Best ‘Bigger-Than-Small-Cap' ‘Smaller-Than-Midcap' Stocks to Buy Now
- Here are 10 stocks to buy that straddle the line between small-cap and mid-cap stocks, otherwise known as SMID cap stocks. The post The 10 Best ‘Bigger-Than-Small-Cap' ‘Smaller-Than-Midcap' Stocks to Buy Now appeared first on InvestorPlace.
- 07/07/2021
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Avid's Pro Tools | Ultimate Now Includes New Hybrid Engine for HDX Systems, Expanding Performance and Capabilities
- Made available as part of the Pro Tools | Ultimate June 2021 software release, the patented Hybrid Engine maximizes the performance of HDX systems by unlocking higher voice counts for bigger sessions and more flexible, near-zero latency recording workflows Made available as part of the Pro Tools | Ultimate June 2021 software release, the patented Hybrid Engine maximizes the performance of HDX systems by unlocking higher voice counts for bigger sessions and more flexible, near-zero latency recording workflows
- 06/30/2021
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Avid Technology: Ambitious Investor Day Targets Highlight The Growth Runway
- Avid Technology's latest investor day event offered some compelling insights into the medium-term story. With subscription revenue increasingly emerging as a growth driver, expect an improved top and bottom-line performance ahead.
- 06/26/2021
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Avid Technology, the Small-Cap Stock Powering the Streaming Revolution
- This entertainment technology company is making a transition to a cloud-based subscription model. Does it belong in your portfolio?
- 05/27/2021
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Avid Technology to Participate in the J.P. Morgan 49th Annual Global Technology, Media and Communications Conference
- BURLINGTON, Mass., May 24, 2021 (GLOBE NEWSWIRE) -- Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, today announced that Jeff Rosica, its Chief Executive Officer and President, and Ken Gayron, its Executive Vice President and Chief Financial Officer, will participate in a group fireside chat and host one-on-one meetings at the J.P. Morgan 49th Annual Global Technology, Media and Communications Conference on May 26, 2021.
- 05/24/2021
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Avid (AVID) Soars 27.1%: Is Further Upside Left in the Stock?
- Avid (AVID) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
- 05/07/2021
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Why Avid Technology Stock Is Soaring Today
- The maker of creative production tools is shifting to subscription-based sales at a time of rising customer interest.
- 05/06/2021
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AVID Stock: 10.13% Increase (From $21.71 To $23.91) Pre-Market Explanation
- The stock price of Avid Technology, Inc. (NASDAQ: AVID) increased 10.13% (from $21.71 to $23.91) pre-market. This is why it happened.
- 05/06/2021
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Avid Technology's (AVID) CEO Jeff Rosica on Q1 2021 Results - Earnings Call Transcript
- Avid Technology's (AVID) CEO Jeff Rosica on Q1 2021 Results - Earnings Call Transcript
- 05/05/2021
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Avid Technology (AVID) Q1 Earnings and Revenues Surpass Estimates
- Avid (AVID) delivered earnings and revenue surprises of 40.00% and 3.88%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
- 05/05/2021
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Avid and LiveU Enable Secure Remote IP Contribution Through MediaCentral | Stream
- LiveU's live streaming solutions and MediaCentral | Stream simplify IP contribution from remote locations into the MediaCentral platform LiveU's live streaming solutions and MediaCentral | Stream simplify IP contribution from remote locations into the MediaCentral platform
- 04/13/2021
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Avid Technology: Leader In Digital Media Creator Tools Is An Earnings Growth Story
- Avid Technology reported its Q4 results highlighted by strong momentum in subscription revenue that is driving earnings higher. The company is benefiting from demand for video production and editing tools with more content being consumed across media platforms.
- 03/20/2021
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Avid Learning Academy Accelerates Media Arts Education and Career Paths in Video and Music Creation
- Avid and Publisher Rowman & Littlefield Enable High School Certification in Digital Media Production During 2021-22 School Year Avid and Publisher Rowman & Littlefield Enable High School Certification in Digital Media Production During 2021-22 School Year
- 03/17/2021
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Avid Technology, Inc. (AVID) CEO Jeff Rosica on Q4 2020 Results - Earnings Call Transcript
- Avid Technology, Inc. (AVID) CEO Jeff Rosica on Q4 2020 Results - Earnings Call Transcript
- 03/09/2021
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Avid Technology (AVID) Beats Q4 Earnings Estimates
- Avid (AVID) delivered earnings and revenue surprises of 3.13% and -0.80%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?
- 03/09/2021
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Avid Technology Announces Q4 and FY 2020 Results
- 15.3% Sequential Revenue Growth in the Fourth Quarter as End Markets Continue to Recover from COVID-19 Downturn
- 03/09/2021
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Avid Redefines Video Editing with Public Launch of Avid | Edit On Demand Cloud Subscription Service
- Production companies, post houses and broadcasters can select and configure resources and start working from anywhere on the same day Production companies, post houses and broadcasters can select and configure resources and start working from anywhere on the same day
- 03/08/2021
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Is Avid Technology (AVID) Stock Outpacing Its Computer and Technology Peers This Year?
- Is (AVID) Outperforming Other Computer and Technology Stocks This Year?
- 03/04/2021
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Avid Technology (AVID) Earnings Expected to Grow: Should You Buy?
- Avid (AVID) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 03/02/2021
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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 audio Companies enter into multi-year strategic partnership; In-country expertise to advance collaboration with creatives in film, TV and audio
- 02/23/2021
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PBS KVIE Selects New Avid Workflows to Transform its Production Infrastructure
- Avid storage and asset management solutions will enable the PBS television station to streamline Adobe Premiere Pro-based editorial workflows Avid storage and asset management solutions will enable the PBS television station to streamline Adobe Premiere Pro-based editorial workflows
- 02/17/2021
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Over 3 Million Copies of the ‘First' Versions of Avid's Creative Tools Have Now Been Downloaded by Video and Music Makers
- Success of Avid's freemium software offering continues to accelerate with record influx of aspiring content creators obtaining free entry-level First versions of the same tools used by celebrated music, film and TV professionals Success of Avid's freemium software offering continues to accelerate with record influx of aspiring content creators obtaining free entry-level First versions of the same tools used by celebrated music, film and TV professionals
- 02/04/2021
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Avid and Haivision Deliver on Secure Remote IP Contribution in Live Production Environments
- Partnership unlocks the power of IP contribution from anywhere with the MediaCentral platform Partnership unlocks the power of IP contribution from anywhere with the MediaCentral platform
- 01/27/2021
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Top Wall Street analysts back these stocks as earnings season kicks off
- TipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, like Intel and BioMarin.
- 01/17/2021
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Avid Introduces MediaCentral | Stream to Help Broadcasters Make Way for Seamless IP Content Contribution
- New solution provides simple, reliable and secure contribution from IP streams into Avid's MediaCentral platform for fast turnaround workflows New solution provides simple, reliable and secure contribution from IP streams into Avid's MediaCentral platform for fast turnaround workflows
- 01/14/2021
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All You Need to Know About Avid (AVID) Rating Upgrade to Buy
- Avid (AVID) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
- 01/07/2021
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Avid Technology Announces Closing of Debt Refinancing Resulting in Expected $10 Million Annual Interest Savings
- BURLINGTON, Mass., Jan. 05, 2021 (GLOBE NEWSWIRE) -- Avid ® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, announced today that it has entered into a new five-year $180 million term loan and $70 million revolving credit facility with JPMorgan Chase Bank, N.A. and a syndicate of banks. The proceeds from the new term loan, plus available cash on hand, were used to repay outstanding borrowings of $201 million under the Company's existing credit facility with Cerberus Business Finance, LLC, which was then terminated. The new revolving credit facility, which was undrawn at closing, can be used for working capital, other general corporate purposes and for other permitted uses.
- 01/05/2021
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Avid Technology to Participate in the 23rd Annual Needham Virtual Growth Conference
- BURLINGTON, Mass., Jan. 04, 2021 (GLOBE NEWSWIRE) -- Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, today announced that Jeff Rosica, its Chief Executive Officer and President, and Ken Gayron, its Executive Vice President and Chief Financial Officer, will present and host one-on-one meetings at the 23rd Annual Needham Virtual Growth Conference on January 15, 2021.
- 01/04/2021
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Despite The Rally, The Shares Of Avid Are Still Too Cheap
- The turnaround at Avid Technology is gathering pace even in the face of pandemic headwinds that reduced revenue. The increase in subscription service, margin expansion, cost decline and strong free cash flow are really encouraging, and the shares are still cheap.
- 01/02/2021
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Avid Launches Fourth Annual Avid Customer Vote
- In the spirit of listening to the voice of customers Avid engages its media technology user community to shape future innovation In the spirit of listening to the voice of customers Avid engages its media technology user community to shape future innovation
- 12/02/2020
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New Avid Mobile Apps for MediaCentral Empower Production Teams to Deliver Breaking News From Anywhere
- MediaCentral | Collaborate and MediaCentral | Reporter apps and new NRCS integration accelerate end-to-end workflows for news, sports and post production teams MediaCentral | Collaborate and MediaCentral | Reporter apps and new NRCS integration accelerate end-to-end workflows for news, sports and post production teams
- 11/04/2020
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Why Avid Technology Stock Is Surging Today
- The tech provider is seeing a demand turnaround, although sales were still down.
- 10/29/2020
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Avid Technology, Inc. (AVID) CEO Jeff Rosica on Q3 2020 Results - Earnings Call Transcript
- Avid Technology, Inc. (AVID) CEO Jeff Rosica on Q3 2020 Results - Earnings Call Transcript
- 10/28/2020
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Avid Technology Announces Q3 2020 Results
- 14 .1 % Sequential Revenue Growth as End Markets Begin to Recover from COVID-19 Downturn
- 10/28/2020
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The Zacks Analyst Blog Highlights: Aspen Technology, Blackbaud, Cadence Design Systems, Rosetta Stone and Avid Technology
- The Zacks Analyst Blog Highlights: Aspen Technology, Blackbaud, Cadence Design Systems, Rosetta Stone and Avid Technology
- 08/19/2020
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Avid (AVID) Upgraded to Strong Buy: Here's What You Should Know
- Avid (AVID) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank 1 (Strong Buy).
- 08/14/2020
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Is Avid Technology (AVID) Stock Undervalued Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 08/12/2020
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Here's Why Avid Technology (AVID) is a Great Momentum Stock to Buy
- Does Avid Technology (AVID) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 08/11/2020
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An Insider at Avid Technology is Exercising Options - Markets
- Yesterday it was reported that an Insider at Avid Technology (AVID – Research Report), Jason Duva, exercised options to sell
- 08/11/2020
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Moving Average Crossover Alert: Avid Technology
- Avid Technology is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
- 08/07/2020
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Avid Technology Inc (AVID) Q2 2020 Earnings Call Transcript
- Good afternoon, everyone, and thank you for joining us today for Avid Technology's second quarter 2020 earnings call. My name is Whit Rappole, Avid's Vice President of Corporate Development and Investor Relations. With me this afternoon are Jeff Rosica, our Chief Executive Officer and President; and Ken Gayron, our Chief Financial Officer and EVP.
- 08/05/2020
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Avid Names Diversified as First-Ever Global Systems Integration Partner
- New Strategic Purchasing Agreement Makes All Avid Audio and Video Solutions Available to Diversified’s Clients through a Single SourceBURLINGTON, Mass., Aug. 05, 2020 (GLOBE NEWSWIRE) -- Avid® (Nasdaq: AVID) today announced a new strategic purchasing agreement with Diversified, one of the world’s largest media technology providers with offices across the globe whose clients include television broadcasters, post houses and other types of media companies, as well as a majority of Fortune 1000 companies. As part of the agreement, Diversified has been named an Avid global partner, recognizing the worldwide reach and Avid-certified expertise of its workforce to specify, integrate, deploy and support all Avid products. Now, Diversified’s media, corporate, government, higher education and house of worship clients in all geographies, excluding China, can count on a single source for all Avid tools and solutions to meet their rapidly evolving needs in video and audio content creation. “For more than 25 years, Diversified has recommended, rolled out and supported Avid tools and solutions for numerous broadcast and post-production users. We’re now building on that success to bring the entire Avid portfolio to clients of all types,” said Kevin Collins, president, Diversified. “We serve the world's top enterprise, sports, media and OTT organizations, each with a sophisticated vision for their media environments no matter what they’re trying to deliver, from prime-time TV shows, game highlights on a stadium jumbotron, or video training a legion of employees. In all of these cases and more, our new agreement with Avid makes it possible for clients to rely on Diversified for the best of all available tools and solutions.”“High-quality content creation and management is business-critical across media and, increasingly, in many other sectors such as large corporations, ad agencies and government for marketing, advertising, training and other needs. Diversified has proven its deep expertise and we’re excited to expand this partner’s access to Avid’s entire product offering,” said Tom Cordiner, Chief Revenue Officer, Avid. “The consistent growth in our new strategic purchasing agreements demonstrates how Avid offers flexibility to our strongest partners to create much more opportunity for themselves and bring more value and capabilities to their clients.”About Avid Avid 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. © 2020 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. About Diversified Diversified is a leading global technology solutions provider delivering a comprehensive suite of solutions to help a diverse clientele achieve the highest performance levels, enhance their operations, increase productivity and drive ROI.Our mission is to enable a digital future—connecting people, technology and experiences, where and when it matters most. Our solutions are experienced by millions every day. Removing the distance. Delivering a message. Powering business. Celebrating fandom. Even saving lives.Founded in 1993, we're a global organization serving local needs with 2,500+ employees in 50+ locations worldwide. Learn more at diversifiedus.com and follow us on LinkedIn and Twitter.Media Contacts: Avid Dave Smith david.smith@avid.comDiversified Anthony Cuellar acuellar@diversifiedus.com
- 08/05/2020
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Why Shares of Avid Technology Surged Today
- Shares of Avid Technology (NASDAQ: AVID) jumped on Tuesday after the technology provider for the media and entertainment industry reported its second-quarter results. Subscription revenue soared 68.3% to $16.4 million, driven by an increase of 24,000 paid subscriptions to around 242,000.
- 08/04/2020
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Northland Securities Keeps a Buy Rating on Avid Technology (AVID) - Markets
- In a report released today, Nehal Chokshi from Northland Securities reiterated a Buy rating on Avid Technology (AVID – Research
- 08/04/2020
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Avid Technology, Inc. (NASDAQ:AVID) Expected to Post Earnings of -$0.01 Per Share
- Equities analysts expect Avid Technology, Inc. (NASDAQ:AVID) to post earnings of ($0.01) per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Avid Technology’s earnings, with estimates ranging from ($0.02) to ($0.01). Avid Technology posted earnings of $0.02 per share in the same quarter last year, which indicates a […]
- 08/04/2020
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Avid Technology (AVID) Surpasses Q2 Earnings and Revenue Estimates
- Avid (AVID) delivered earnings and revenue surprises of 1300.00% and 2.40%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
- 08/03/2020
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Avid Technology Announces Q2 2020 Results
- 68% Year-Over-Year Subscription Revenue Growth Driven by Continued Increase in Paid Subscriptions with Net Increase of 24,000 Subscriptions in the Quarter Operating Income Increased 214% Year-Over-Year from Improved Gross Margin and Significantly Reduced Operating ExpensesBURLINGTON, Mass., Aug. 03, 2020 (GLOBE NEWSWIRE) -- Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, today announced its second quarter 2020 financial results.During the second quarter, the Recurring Revenue components of the company’s business were resilient despite the COVID-19 global pandemic. The Company reported record subscription revenue of $16.4 million, up 68% year-over-year and maintenance revenue was stable, resulting in 8.5% year-over-year growth in Annual Contract Value. Also, in the quarter, Avid significantly improved its profitability as a result of higher gross margin coupled with a more efficient cost structure. The year-over-year improvement in gross margin of 760 basis points was a result of a greater portion of revenue coming from higher-margin software in the quarter and benefits from expense reductions in non-material cost of sales. Profitability was also enhanced by the $11 million year-over-year reduction in operating expenses in the quarter, which the Company will continue to closely manage towards the target of at least a $30 million reduction for fiscal 2020.For the second quarter, total revenue declined year-over-year, as the non-Recurring Revenue portions of the Company’s business related to product and professional services continued to be negatively impacted by weaker demand as a result of the COVID-19 global pandemic, which has caused the postponement or cancellation of many live music and major sporting events, and the temporary suspension of many film and television productions. During the quarter, the Company repaid the remaining $28.9 million of outstanding convertible notes at their maturity using available cash. As of June 30, 2020, the Company had $55.7 million in cash and cash equivalents. The Company’s leverage ratio under the financing agreement dropped to 4.3x as of June 30, 2020, as a result of the year-over-year increase in Adjusted EBITDA in the quarter, and the Company remains well below the covenant levels in the financing agreement as amended in May 2020.Second Quarter 2020 Financial and Business Highlights * Subscription revenue was $16.4 million, up 68.3% year-over-year. * Paid Cloud-enabled software subscriptions increased by approximately 24,000 during the quarter, to approximately 242,000 at June 30, 2020, an increase of 63.9% year-over-year in total paid subscriptions. * Subscription and Maintenance revenue was $47.0 million, up 13.5% year-over-year. * Total revenue was $79.3 million, down (19.7%) year-over-year. * Gross margin was 65.0%, up 760 basis points year-over-year. Non-GAAP Gross Margin was 65.4%, up 600 basis points year-over-year. * Operating expenses were $43.5 million, a decrease of (19.6%) year-over-year. Non-GAAP Operating Expenses were $40.5 million, a decrease of (21.7%) year-over-year. * Operating income was $8.1 million, an increase of 214.0% year-over-year. Non-GAAP Operating Income was $11.3 million, an increase of 65.2% year-over-year. * Adjusted EBITDA was $13.5 million, an increase of 43.3% year-over-year. Adjusted EBITDA Margin was 17.0%, up 750 basis points year-over-year. * Net income per common share was $0.04, up from a loss per common share of ($0.25) in the second quarter of 2019. Non-GAAP Net Income per Share was $0.12, up from Non-GAAP Net Income per Share of $0.02 in the second quarter of 2019. * Net cash (used in) operating activities was ($3.5) million in the quarter, a decrease of ($0.8) million compared to Net cash (used in) operating activities of ($2.7) million in the second quarter of 2019. * Free Cash Flow was ($5.2) million, a decrease of ($0.7) million compared to ($4.5) million in the second quarter of 2019. * LTM Recurring Revenue was 69.8% of the Company’s revenue for the 12 months ended June 30, 2020, up from 58.1% for the 12 months ended June 30, 2019. * Annual Contract Value was $265.3 million as of June 30, 2020, up 8.5% from $244.6 million as of June 30, 2019.Jeff Rosica, Avid’s CEO and President stated, “While the COVID-19 pandemic continued to negatively impact the Company’s business during the second quarter, we are pleased with the strength of our creative subscription business, which continued its strong growth in the quarter, and with the resilience of our recurring revenue business. COVID-19 continues to temporarily reduce customer demand for parts of our non-recurring product business, but we expect demand to gradually improve as we get further into the second half of 2020.” Mr. Rosica continued, “The COVID-19 pandemic has also created opportunities to grow strategic portions of the business. We are adjusting our strategy and our investments to respond to the changes in the market which are informed by ongoing discussions with customers across the media industry, placing greater focus on the products and solutions that we believe will drive profitable growth as we emerge in the post-COVID environment. We are committed to making the changes we need to make to ensure that Avid exits this pandemic as a stronger and more profitable company.”Ken Gayron, Executive Vice President and Chief Financial Officer of Avid, said, “We made substantial progress in driving our higher margin revenue streams and improving our cost structure in the second quarter, resulting in strong growth in profitability.” Mr. Gayron continued, “We also made significant progress in improving our working capital position in the quarter, including by reducing accounts payable by more than $17 million during the quarter, that we believe should provide a strong foundation for improved Free Cash Flow in the second half of 2020. Finally, we expect to see continued improvement in our balance sheet and leverage position that we believe should enable the Company to improve its cost of capital and profitability over time.”Conference Call to Discuss Second Quarter 2020 Results on August 3, 2020Avid will host a conference call to discuss its financial results for the second quarter of 2020 on Monday, August 3, 2020 at 5:30 p.m. ET. Participants may join the webcast in listen-only mode and access the presentation slides using the link on the Avid Investor Relations website, which can be found on the events tab at ir.avid.com. Participants who would like to ask a question, can access the call by dialing +1 323-289-6576 and referencing confirmation code 7030762. Please connect at least 15 minutes in advance to ensure a timely connection to the call. A replay of the call will also be available for a limited time on the Avid Investor Relations website shortly after the completion of the call.Non-GAAP Financial Measures and Operational MetricsAvid includes non-GAAP financial measures in this press release, including Adjusted EBITDA, Adjusted EBITDA Margin, Free Cash Flow, Non-GAAP Gross Margin, Non-GAAP Operating Expenses, Non-GAAP Operating Income, and Non-GAAP Net Income (Loss) per Share. The Company also includes the operational metrics of Cloud-enabled software subscriptions, Recurring Revenue, LTM Recurring Revenue % and Annual Contract Value in this release. Avid believes the non-GAAP financial measures and operational metrics provided in this release provide helpful information to investors with respect to evaluating the Company’s performance. Unless noted, all financial and operating information is reported based on actual exchange rates. Definitions of the non-GAAP financial measures and operational metrics are included in our Form 8-K filed today. Reconciliations of the non-GAAP financial measures presented in this press release to the Company's comparable GAAP financial measures for the periods presented are set forth below and are also included in the supplemental financial and operational data sheet available on our investor relations webpage at ir.avid.com, which also includes definitions of all operational metrics. Unless noted, all financial and operating information is reported based on actual exchange rates.Forward-Looking StatementsCertain information provided in this press release includes forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Examples of forward-looking statements include statements regarding our future financial performance or position, results of operations, business strategy, plans and objectives of management for future operations, and other statements that are not historical fact. You can identify forward-looking statements by their use of forward-looking words such as “may”, “will”, “anticipate”, “expect”, “believe”, “estimate”, “intend”, “plan”, “should”, “seek”, or other comparable terms.Readers of this press release should understand that these forward-looking statements are not guarantees of performance or results. Forward-looking statements provide our current expectations and beliefs concerning future events and are subject to risks, uncertainties, and factors relating to our business and operations, all of which are difficult to predict and could cause our actual results to differ materially from the expectations expressed in or implied by such forward-looking statements.
- 08/03/2020
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Earnings Preview: Avid Technology
- On Monday, August 03, Avid Technology (NASDAQ: AVID) will report its last quarter's earnings. Here is Benzinga's preview of the company's release.Earnings and Revenue Wall Street analysts see Avid Technology reporting a loss of $0.02 per share on revenue of $77.41 million. In the same quarter last year, Avid Technology reported earnings per share of $0.02 on revenue of $98.70 million. Analysts estimate would represent a 200.0% decrease in the company's earnings. Sales would be down 16.33% on a year-over-year basis. Avid Technology's reported EPS has stacked up against analyst estimates in the past like this:Quarter Q1 2020 Q4 2020 Q3 2019 Q2 2019 EPS Estimate -0.01 0.30 0.09 0.03 EPS Actual -0.08 0.28 0.10 0.02 Revenue Estimate 92.52 M 111.85 M 96.34 M 101.30 M Revenue Actual 86.45 M 116.31 M 93.46 M 98.70 M Stock Performance Over the last 52-week period, shares are down 15.7%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.View more earnings on AVIDDon't be surprised to see the stock move on comments made during its conference call. Avid Technology is scheduled to hold the call at 17:30:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/6jk8shf4See more from Benzinga * 12 Communication Services Stocks Moving In Wednesday's Pre-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 07/31/2020
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Avid Technology: Value Play In Tech Has Risks
- Avid Technology is among the cheapest stocks in the Information Technology sector. The company's margins are insignificant; e.g., the net margin is around 0.5%.
- 07/31/2020
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AvidPlay is the First DIY Music Distribution Service to Support Dolby Atmos Music
- Independent artists and labels can now distribute their music in Dolby Atmos through AvidPlay to Amazon Music and TIDALBURLINGTON, Mass., July 29, 2020 (GLOBE NEWSWIRE) -- Longtime partners Avid® (Nasdaq: AVID) and Dolby Laboratories (NYSE: DLB) are breaking new ground for DIY music distribution by providing independent artists, producers and record labels the ability to easily self-distribute their music in Dolby Atmos® to streaming services Amazon Music and TIDAL1. With Dolby Atmos Music and AvidPlay, music creators can now bring next-level immersive listening experiences to their fans, deliver unlimited singles and albums annually and grow their fanbase while keeping 100 percent of their rights and earnings. To get started, artists and labels can subscribe to an AvidPlay distribution plan that matches their needs through the free AvidLink app for mobile or desktop, and then intuitively upload their completed Dolby Atmos Music tracks and artwork. Subscribers can also create songs and albums using any compatible Dolby Atmos enabled digital audio workstation (DAW), including Avid Pro Tools, and then upload their music to the AvidPlay dashboard to manage their tracks and albums and see how much money they’re earning from each song.“Dolby Atmos has changed how we think about music and it allows us to create things that were previously not possible. It’s unlike anything you’ve ever heard,” said Arno Kammermeier, co-founder of the Berlin-based electronic duo Booka Shade. “And most importantly, with AvidPlay, we can now share this elevated experience with our fans. It’s mind-blowing and the ultimate way to experience our music.”For independent labels, AvidPlay opens up a whole new opportunity to support artists interested in creating new music or reimagining existing stereo tracks in Dolby Atmos. Combined with Dolby’s proven and mature set of Dolby Atmos creative tools already in market, artist and labels can quickly get up and running so that they can start creating and sharing music in Dolby Atmos with their fans.“Dolby Atmos has changed my life. As a producer, I am often told I need to take things out of my mixes and there is just not enough space for all the sounds and ideas to come through. When I got introduced to Dolby Atmos, I was finally able to create the music I always heard in my head," said Leah Chisholm, producer, pianist, and DJ known as LP Giobbi and co-owner of the record label Animal Talk Collective, which she co-founded with SOFI TUKKER. “AvidPlay has allowed me to bring my music to the world as an artist and label owner. I am very grateful to have the opportunity to release my music, and the music I believe in, in an immersive and heightened experience.”Dolby Atmos Music is an immersive audio technology that is redefining how music is created and experienced. It allows people to connect with music in a whole new way, pulling them into the track and revealing what was lost with stereo recordings. Listeners can discover hidden details and subtleties with unparalleled clarity. Whether it’s a complex harmony of instruments placed around a listener, a legendary guitar solo that fills a room, a massive bass drop that washes over the audience, or the subtle breath a singer takes between lyrics, Dolby Atmos gives music more space and the freedom to unleash every detail and emotion as the artist intended.“With a majority of today’s new music created using Avid tools, enabling any artist or label to now distribute Dolby Atmos Music is a game-changer and highlights Avid’s continued commitment to providing an end-to-end music production solution from recording to mixing to distribution,” said Rob D’Amico, Director of Product Marketing, Audio Solutions at Avid. “Avid and Dolby are helping artists transport their fans to new and exciting immersive listening experiences, while giving them the ability to easily expand their creativity, distribute their music and, most importantly, get paid for the content they produce.”“Dolby Atmos Music unlocks a new level of creative expression that allows listeners to connect with their favorite songs and albums on a deeper, more immersive level,” said Christine Thomas, Senior Director of Music Partnerships, Dolby Laboratories. “Through AvidPlay, any artist and label outside the major label system, regardless if they are a Multi-Platinum GRAMMY Award-winning performer or emerging singer-songwriter, can share their music in Dolby Atmos with the world.”AvidPlay is a DIY music distribution service designed to assist artists and labels in expanding their opportunities and getting discovered—while keeping 100% of their rights and earnings. Artists select the single or albums they’d like to release, and AvidPlay takes care of the rest—from distributing music to over 150 major outlets like Spotify, Apple Music, Amazon Music, and TIDAL, including automatic distribution to streaming outlets added in the future. The Avid Link app, which has more than 775,000 users, enables community members to expand their creative possibilities by connecting with other artists, producers, mixers, composers, editors, videographers, and moviemakers, letting them grow their network, collaborate and gain valuable exposure.About Avid Avid 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.About Dolby Laboratories Dolby Laboratories (NYSE: DLB) is based in San Francisco with offices in over 20 countries around the globe. Dolby transforms the science of sight and sound into spectacular experiences. Through innovative research and engineering, we create breakthrough experiences for billions of people worldwide through a collaborative ecosystem spanning artists, businesses, and consumers. The experiences people have – with Dolby Cinema, Dolby Vision, Dolby Atmos, Dolby Audio, and Dolby Voice – revolutionize entertainment and communications at the cinema, on the go, in the home, and at work.© 2020 Avid Technology, Inc. All rights reserved. Avid, the Avid logo, Avid NEXIS, 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. All other trademarks are the property of their respective owners. Product features, specifications, system requirements and availability are subject to change without notice.Dolby, Dolby Atmos, Dolby Audio, Dolby Cinema, Dolby Vision, Dolby Voice, and the double-D symbol are among the registered and unregistered trademarks of Dolby Laboratories, Inc. in the United States and/or other countries. Other trademarks remain the property of their respective owners. DLB-GPR Contacts:Avid Dave Smith 978.502.9607 david.smith@avid.com Dolby Cairon Armstrong 530.305.2852 Cairon.armstrong@dolby.com1 To experience Dolby Atmos Music on Amazon Music, an Amazon Music HD subscription is required. To experience Dolby Atmos Music on TIDAL, a HiFi membership is required.
- 07/29/2020
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Earnings Preview: Avid Technology (AVID) Q2 Earnings Expected to Decline
- Avid (AVID) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/27/2020
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Zacks Investment Research Lowers Avid Technology (NASDAQ:AVID) to Sell
- Zacks Investment Research lowered shares of Avid Technology (NASDAQ:AVID) from a hold rating to a sell rating in a research report sent to investors on Friday, Zacks.com reports. According to Zacks, “Avid Technology, Inc. develops, markets, sells and supports a wide range of software and systems for creating and manipulating digital media content. Digital media […]
- 07/27/2020
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Avid MediaCentral 2020 Empowers Broadcast News Organizations to Create and Deliver More Content in Shorter Timeframes
- BURLINGTON, Mass., July 21, 2020 -- Avid® (Nasdaq: AVID) today announced the immediate availability of MediaCentral® 2020, the comprehensive media workflow platform for TV.
- 07/21/2020
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Avid Technology Announces Conference Call to Discuss Second Quarter 2020 Financial Results
- BURLINGTON, Mass., July 20, 2020 -- Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, today announced that Jeff Rosica,.
- 07/20/2020
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Insider Weekends: Andrew Spodek Purchases $1 Million Worth Of Postal Realty Trust
- Insider buying increased last week. Notable Insider Buys: Postal Realty Trust, Inc., Avid Technology, Inc., Brainstorm Cell Therapeutics Inc., Perspecta Inc., and AZZ Inc.
- 07/20/2020
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COVID-19 Impact & Recovery Analysis - Audio and Video Editing Software Market (2020-2024) | Increase in Rate of Content Generation to Boost Growth | Technavio
- The Global Audio and Video Editing Software Market will grow by USD 2.5 bn during 2020-2024
- 07/17/2020
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Music Production Software Market Analysis Highlights the Impact of COVID-19 2020-2024 | Adoption of DJ Software to Boost the Market Growth | Technavio
- The Global Music Production Software Market will grow by USD 368.15 mn during 2020-2024
- 07/15/2020
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Parametric Portfolio Associates LLC Cuts Stock Position in Avid Technology, Inc. (NASDAQ:AVID)
- Parametric Portfolio Associates LLC lessened its stake in Avid Technology, Inc. (NASDAQ:AVID) by 37.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,171 shares of the technology company’s stock after selling 6,619 shares during the period. Parametric Portfolio Associates LLC’s holdings in Avid […]
- 07/14/2020
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Canadian Special Effects Company, Thomas FX, Pivots Their Business to Help Prevent the Spread of COVID-19
- Thomas FX, is now the exclusive distributor of Bio-Tech UV Technology in Canada.
- 07/13/2020
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Top Analysts Say These 2 Stocks Are Their ‘Top Picks’
- The surge in stocks has investors hoping that the general bullish market sentiment we’ve experienced since the end of March may still be with us; there was some worry in June as the markets appeared to hit a plateau. We’ll see what happens in the next few weeks, as the S&P; tests its 3,200 resistance levels.The best advice for stock pickers right now: stay selective. There are still compelling investing opportunities out there if you know where to look. Investors can find interesting stock choices by following some of Wall Street’s top analysts. These are the analysts with the sharpest stock picking ability — and we can use their price targets as a key indication of how far these stocks can climb in the coming months.With this in mind, we’ve used the TipRanks database to highlight two such stocks; each has received ‘top pick’ status from a 5-star analyst. Here are the details.Avid Technology (AVID)We start in the technology sector, with Avid, a Massachusetts-based multimedia tech company specializing in digital non-linear editing systems for audio and video. The company’s video and audio editing software are held in high regard, as are its music notation products. The company’s flagship product is Media Composer, which got its start in the Apple Mac segment. Avid has expanded since then, and in May announced a five-year working agreement with Microsoft Azure.Avid tackled the coronavirus economic crisis head-on, with a $40 million cost savings plan put in place to help mitigate the business effects of the pandemic. The company was helped along in Q1 by a surge in subscription revenues, which grew 50% year-over-year and pushed recurring revenues to double digit growth. That was the good news. In the bad news, the company still saw a steep quarterly loss due to the recessionary pressures of economic measures put place against the virus, and reported EPS of minus 12 cents per share. Northland’s 5-star analyst Nehal Chokshi explains why this stock remains a top pick: “AVID has 2 layers of loyalty from their largest customers, the professional video & audio editors and the IT staff that ensures the technology is available, which has led to dominant share in high end post-production content creation technology enablement. The dominant share at the high end leads to influencing aspiring creators to adopt AVID software, which is driving market share gains in the company’s high growth high margin subscription business…”To this end, Chokshi rates AVID shares a Buy, and his $14 price target implies a robust 103% upside potential. (To watch Chokshi’s track record, click here)With a share price of only $6.89, AVID is particularly affordable for a 'top pick' stock, and the average price target of $10.38 suggests it has room for a 51% in the coming year. AVID's Strong Buy analyst consensus rating is based on 3 Buys and 1 Hold set in recent months. (See Avid stock analysis on TipRanks)Wells Fargo (WFC)Next up is a name you’ll recognize, Wells Fargo. Long a major player in the banking industry, Wells Fargo offers residential and commercial customers a full range of banking services. WFC is a poster child for ‘too big to fail;’ the company is the fourth-largest bank, both globally and in the US, and even after recent share depreciation in the corona crisis, it still boasts a market cap exceeding $104 billion.Being ‘too big to fail’ might be a bigger asset than is at first apparent. WFC shares are down 44% from February, and the company announced last week that it is cutting its dividend in half. That’s an important development, as the stock’s dividend had been yielding over 8%. The move comes after the bank reported Q1 EPS of just 1 cent, far below the forecast 33 cents. Net income for the quarter, hit hard by the coronavirus, was down 89%.Matt O’Connor, 5-star analyst with Deutsche Bank, has named the stock a 'top pick,' noting: "Regulatory issues will eventually get resolved, so the real long term question is what is the EPS power of WFC--which will be mostly driven by improved efficiency [...] Mgmt expects to improve WFC's long-term efficiency ratio from the high 60s currently and bring it closer to peers. Our guess is that they hope to bring the efficiency ratio to below 60% in 3-5 years. We expect this to be driven by several billion of cost cuts and revenue growth (including recapture of revenue lost due to ongoing regulatory issues)."Based on his assessment, O’Connor maintains his Buy rating here. His $34 price target suggests the stock has room for 41% upside growth in the next year. (To watch O’Connor’s track record, click here)Where O’Connor is cautiously bullish, Wall Street is simply cautious. The analyst consensus rating on WFC shares is a Hold, based on 3 Buy ratings, 11 Holds, and 5 Sells. O’Connor describes the current share price of $24.04 as an opportunity, and there is some evidence that he is not alone. The average price target, of $29.03, indicates a 21% one-year upside potential. (See Wells Fargo stock analysis on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
- 07/09/2020
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Estimating The Fair Value Of Avid Technology, Inc. (NASDAQ:AVID)
- Today we will run through one way of estimating the intrinsic value of Avid Technology, Inc. (NASDAQ:AVID) by taking...
- 07/09/2020
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Nuveen Asset Management LLC Purchases 19,499 Shares of Avid Technology, Inc. (NASDAQ:AVID)
- Nuveen Asset Management LLC lifted its position in shares of Avid Technology, Inc. (NASDAQ:AVID) by 11.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 196,452 shares of the technology company’s stock after buying an additional 19,499 shares during the quarter. Nuveen Asset Management […]
- 07/06/2020
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Analysis of COVID-19 Impact: Playout Automation Market 2020-2024 | Rising Need for Multilingual Playout to Augment Growth | Technavio
- The Global Playout Automation Market will grow by USD 1.68 bn during 2020-2024
- 07/02/2020
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Avid Technology (AVID) Stock Sinks As Market Gains: What You Should Know
- Avid Technology (AVID) closed at $7.24 in the latest trading session, marking a -0.41% move from the prior day.
- 07/01/2020
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Gentex (GNTX) Receives a Buy from B.Riley FBR - Markets
- In a report released yesterday, Josh Nichols from B.Riley FBR assigned a Buy rating to Gentex (GNTX – Research Report),
- 06/30/2020
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Hedge Funds Warming Up To Avid Technology, Inc. (AVID)
- In this article you are going to find out whether hedge funds think Avid Technology, Inc. (NASDAQ:AVID) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks […]
- 06/27/2020
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Avid Technology (AVID) Gets a Buy Rating from Northland Securities - Markets
- Northland Securities analyst Nehal Chokshi reiterated a Buy rating on Avid Technology (AVID – Research Report) today and set a
- 06/25/2020
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Inside Apple’s secretive headset plans
- A special group of 1000 engineers at Apple is working hard to create the biggest thing since the iPhone, but there has been internal division over its design.
- 06/24/2020
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Avid Technology boosted by Government package to revive automotive sector
- Northumberland firm is one of 10 projects that is sharing £73.5m of Government help at a time of unprecedented challenges for the automotive sector
- 06/23/2020
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B.Riley FBR Initiates a Buy Rating on Semler Scientific (SMLR) - Markets
- Semler Scientific (SMLR – Research Report) received a Buy rating and a $61.00 price target from B.Riley FBR analyst Josh
- 06/23/2020
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Global On-Board Charger Market Outlook to 2027: Impact of COVID-19 on the Industry - ResearchAndMarkets.com
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Avid Technology (AVID) Gains As Market Dips: What You Should Know
- Avid Technology (AVID) closed at $7.18 in the latest trading session, marking a +1.27% move from the prior day.
- 06/19/2020
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Analysts' Top Technology Picks: Quantum (QMCO), Kratos Defense (KTOS) - Markets
- There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Quantum (QMCO
- 06/17/2020
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SnapLogic Appoints George Mogannam as Chief Revenue Officer | | IT Business Net
- Industry veteran to lead SnapLogic's global field organization as integration and automation leader ramps for next phase of growth SAN MATEO, Calif.--(BUSINESS WIRE)--#CRO--SnapLogic, provider of
- 06/16/2020
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SnapLogic Appoints George Mogannam as Chief Revenue Officer
- SnapLogic names George Mogannam as CRO, leading sales, professional services, and customer success as the integration leader ramps for growth.
- 06/16/2020
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Analysts Offer Insights on Technology Companies: Adobe (NASDAQ: ADBE) and RF Industries (NASDAQ: RFIL) - Markets
- There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Adobe (ADBE
- 06/12/2020
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Avid Technology (AVID) Gains As Market Dips: What You Should Know
- In the latest trading session, Avid Technology (AVID) closed at $7.99, marking a +1.14% move from the previous day.
- 06/10/2020
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GAN (GAN) Receives a Buy from B.Riley FBR - Markets
- B.Riley FBR analyst Josh Nichols maintained a Buy rating on GAN (GAN – Research Report) yesterday and set a price
- 06/10/2020
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Avid Technology (NASDAQ:AVID) Lifted to Buy at BidaskClub
- Avid Technology (NASDAQ:AVID) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Wednesday, BidAskClub reports. AVID has been the topic of a number of other research reports. Zacks Investment Research lowered Avid Technology from a “buy” rating to a “hold” rating in a […]
- 06/10/2020
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Christian Asmar Purchases 111,811 Shares of Avid Technology, Inc. (NASDAQ:AVID) Stock
- Avid Technology, Inc. (NASDAQ:AVID) Director Christian Asmar bought 111,811 shares of Avid Technology stock in a transaction on Thursday, June 4th. The shares were bought at an average cost of $8.33 per share, with a total value of $931,385.63. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through […]
- 06/10/2020
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Insider Weekends: A Large Sale By The CEO Of An Airline
- Insider buying decreased last week. Notable Insider Buys: Danaher Corporation, Avid Technology, Inc., Allogene Therapeutics, Inc., La Jolla Pharmaceutical Compa
- 06/08/2020
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Lyra Therapeutics, e.l.f. Beauty, and Avid Tech See Activist Action
- Impactive Capital increased its stake in Avid Technology, a maker of digital-media platforms including Pro Tools. Marathon Partners disclosed a large stake in cosmetics retailer e.l.f. Beauty.
- 06/05/2020
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Insiders Roundup: Avid Technology, Nebula
- Largest insider trades of the week Continue reading...
- 06/05/2020
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12 Communication Services Stocks Moving In Wednesday's Pre-Market Session
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Insider Weekends: Activist Investors Add To Their Avid Technology Stake
- Insider buying almost doubled last week. Notable Insider Buys: Avid Technology, Inc., Jazz Pharmaceuticals plc, New Mountain Finance Corporation, Mercury Genera
- 06/01/2020
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Avid Technology Stock Rises After an Activist Investor Ups Its Stake
- Shares of Avid Technology (NASDAQ: AVID) climbed steadily on Friday after activist investor Impactive Capital increased its stake in the company. Impactive Capital first disclosed an 8.5% stake in Avid back in September, and entered into a nondisclosure agreement at that time. Later in October, Impactive co-founder Christian Asmar was added to Avid's board of directors to, as he said, help it "deliver meaningful shareholder value."
- 05/29/2020
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10 Communication Services Stocks Moving In Friday's Pre-Market Session
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Why Avid Technology's Stock Is Trading Higher Today
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Avid Technology shares are trading higher after Northland Capital Markets initiated coverage on the stock with an Outperform rating and announced a price target of $14 per share.
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Northland Capital Markets Initiates Coverage On Avid Technology with Outperform Rating, Announces Price Target of $14
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ITV Studios Daytime Transforms Workflows with Avid Solutions
- Avid-powered storage and graphics toolkit enables one of Europe’s biggest broadcasters to quickly adapt and deliver creativity as part of technology overhaul BURLINGTON, Mass.,.
- 05/19/2020
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14 Communication Services Stocks Moving In Tuesday's Pre-Market Session
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Playout Automation Market 2020-2024 | Rising Need for Multilingual Playout to Boost Growth | Technavio
- The playout automation market size has the potential to grow by USD 1.68 billion during 2020-2024
- 05/19/2020
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Stocks That Hit 52-Week Lows On Thursday
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Stocks That Hit 52-Week Lows On Wednesday
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Avid Technology, Inc. (AVID) CEO Jeff Rosica on Q1 2020 Results - Earnings Call Transcript
- Avid Technology, Inc. (NASDAQ:AVID) Q1 2020 Earnings Conference Call May 07, 2020 05:00 PM ET Company Participants Whit Rappole - Vice President of Investor Rel
- 05/09/2020
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B. Riley FBR Maintains Buy on Avid Technology, Lowers Price Target to $9
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Avid Technology Q1 EPS $(0.080) Misses $(0.010) Estimate, Sales $86.500M Miss $92.520M Estimate
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Avid Technology Announces Q1 2020 Results
- Results Impacted by COVID-19 Global Pandemic and In-Line with April 7th Business Update Subscription Revenue Growth of 50% Year-Over-Year Drove Double-Digit Growth in Recurring.
- 05/07/2020
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Avid Technology (AVID) to Post Q1 Earnings: What's in Store?
- Avid Technology (AVID) Q1 results likely to reflect higher recurring revenues, driven by subscriptions revenue growth, partially offset by lower non-recurring revenues due to Covid-19-led lockdown.
- 05/05/2020
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Avid Technology (AVID) to Post Q1 Earnings: What's in Store?
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Avid Announces New Five-Year Agreement with Microsoft Azure to Bring More Media Companies to the Cloud
- Leading media and entertainment technology provider Avid® (Nasdaq: AVID) today announced it has renewed its cloud collaboration with Microsoft. Over the course of the new five-year strategic alliance agreement Avid will continue to develop and deploy its cloud-based solutions on Microsoft Azure. Since launching their initial collaboration, Avid and Microsoft have helped some of the world’s largest media companies to break new ground by moving their film and television content workflows into the cloud, which has enabled teams, including hundreds of editors, journalists and other contributors to collaborate on movies, TV shows and other content on a global scale.
- 05/04/2020
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Avid Announces New Five-Year Agreement With Microsoft Azure
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CACI International (CACI) Q3 Earnings Miss Estimates, Up Y/Y
- CACI International's (CACI) third-quarter fiscal 2020 results benefit from new business wins and expanding margins.
- 04/30/2020
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CACI International (CACI) Q3 Earnings Miss Estimates, Up Y/Y
- CACI International's (CACI) third-quarter fiscal 2020 results benefit from new business wins and expanding margins.
- 04/30/2020
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CACI International (CACI) Q3 Earnings Miss Estimates, Up Y/Y
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Mercury (MRCY) Beats on Q3 Earnings & Revenues, Raises View
- Robust organic growth aids Mercury's (MRCY) third-quarter fiscal 2020 results. Continued deal wins and strong demand for its products are tailwinds.
- 04/29/2020
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FireEye (FEYE) Q1 Earnings & Revenues Surpass Estimates
- FireEye's (FEYE) first-quarter results reflect strong traction in Mandiant Professional Services. However, a fall in appliance hardware sales remains an overhang.
- 04/29/2020
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FireEye (FEYE) Q1 Earnings & Revenues Surpass Estimates
- FireEye's (FEYE) first-quarter results reflect strong traction in Mandiant Professional Services. However, a fall in appliance hardware sales remains an overhang.
- 04/29/2020
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Mercury (MRCY) Beats on Q3 Earnings & Revenues, Raises View
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Check Point (CHKP) Q1 Earnings & Revenues Surpass Estimates
- Growth in security subscriptions drives Check Point's (CHKP) Q1 results. However, coronavirus-led disruptions in the supply chain are an overhang.
- 04/28/2020
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F5 Networks (FFIV) Q2 Earnings & Revenues Beat Estimates
- While solid growth in software revenues boosts F5 Networks' (FFIV) Q2 top-line growth, higher operating expenses strain the company's bottom line.
- 04/28/2020
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F5 Networks (FFIV) Q2 Earnings & Revenues Beat Estimates
- While solid growth in software revenues boosts F5 Networks' (FFIV) Q2 top-line growth, higher operating expenses strain the company's bottom line.
- 04/28/2020
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Check Point (CHKP) Q1 Earnings & Revenues Surpass Estimates
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Video and Music Makers Download Over Two Million Free Copies of Avid Creative Tools
- Avid® (Nasdaq: AVID) today announced that aspiring creative people around the globe have now downloaded Avid’s free Pro Tools® | First, Media Composer® | First and Sibelius® | First more than two million times. Since Avid initiated the First product offerings, Pro Tools | First music creatives who are just beginning their journey in recording, engineering and production can record, mix and collaborate using the industry-standard tool. With Media Composer | First, beginner video editors get all the features and functionality they need to tell great stories, while learning the industry's leading professional non-linear editing tool.
- 04/27/2020
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5 Tech Stocks to Gain From the Work-From-Home Model
- The coronavirus outbreak has compelled people to stay and work from home, helping tech companies and software vendors that offer working facilities from remote locations.
- 04/27/2020
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5 Tech Stocks to Gain From the Work-From-Home Model
- The coronavirus outbreak has compelled people to stay and work from home, helping tech companies and software vendors that offer working facilities from remote locations.
- 04/27/2020
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Avid Reports 2M Downloads Of Co.'s Free Pro Tools, Media Composer, Sibelius
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Top Ranked Growth Stocks to Buy for April 24th
- Top Ranked Growth Stocks to Buy for April 24th
- 04/24/2020
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Top Ranked Growth Stocks to Buy for April 24th
- Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, April 24th.
- 04/24/2020
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ASE Technology (ASX) to Report Q1 Earnings: What's in Store?
- ASE Technology's (ASX) first-quarter 2020 results are likely to have benefited from adoption of its testing and fan-out packaging solutions as well as robust demand for SiP products.
- 04/24/2020
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Intel's (INTC) Q1 Earnings Beat, DCG Growth Aids Revenues
- Intel (INTC) first-quarter results reflect gains across both PC-centric and Data-centric domains. The company has not provided 2020 guidance citing coronavirus crisis-led business uncertainty.
- 04/24/2020
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Intel's (INTC) Q1 Earnings Beat, DCG Growth Aids Revenues
- Intel (INTC) first-quarter results reflect gains across both PC-centric and Data-centric domains. The company has not provided 2020 guidance citing coronavirus crisis-led business uncertainty.
- 04/24/2020
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LogMeIn (LOGM) Q1 Earnings Miss, Revenues Beat Estimates
- LogMeIn's (LOGM) Q1 results reflect solid growth in the UCC and Identity and Access Management segments as well as stellar international revenues.
- 04/24/2020
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LogMeIn (LOGM) Q1 Earnings Miss, Revenues Beat Estimates
- LogMeIn's (LOGM) Q1 results reflect solid growth in the UCC and Identity and Access Management segments as well as stellar international revenues.
- 04/24/2020
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Avid Technology (AVID) Stock Sinks As Market Gains: What You Should Know
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Pre & Post COVID-19 Market Estimates- Audio and Video Editing Software Market 2019-2023 | Shift Toward Cloud-based Model to Boost Growth | Technavio
- The audio and video editing software market size has the potential to grow by USD 2.5 billion during 2020-2024
- 04/23/2020
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Citrix (CTXS) Q1 Earnings Up on Work-From-Home Amid Coronavirus
- Citrix Systems' (CTXS) first-quarter results benefit from solid adoption of unified workspace solutions driven by coronavirus crisis-induced demand for secure work-from-home solutions.
- 04/23/2020
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Citrix (CTXS) Q1 Earnings Up on Work-From-Home Amid Coronavirus
- Citrix Systems' (CTXS) first-quarter results benefit from solid adoption of unified workspace solutions driven by coronavirus crisis-induced demand for secure work-from-home solutions.
- 04/23/2020
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Xilinx's (XLNX) Q4 Earnings & Revenues Surpass Estimates
- Xilinx's (XLNX) fourth-quarter fiscal 2020 results witness a decline in the wired and wireless business and coronavirus-related disruptions.
- 04/23/2020
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Xilinx's (XLNX) Q4 Earnings & Revenues Surpass Estimates
- Xilinx's (XLNX) fourth-quarter fiscal 2020 results witness a decline in the wired and wireless business and coronavirus-related disruptions.
- 04/23/2020
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Seagate (STX) Q3 Earnings Beat Estimates, Revenues Up Y/Y
- Seagate's (STX) third-quarter fiscal 2020 results benefit from robust demand for its nearline HDD products. However, legacy segment was hurt by low consumer electronics demand.
- 04/23/2020
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Seagate (STX) Q3 Earnings Beat Estimates, Revenues Up Y/Y
- Seagate's (STX) third-quarter fiscal 2020 results benefit from robust demand for its nearline HDD products. However, legacy segment was hurt by low consumer electronics demand.
- 04/23/2020
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The Zacks Analyst Blog Highlights: Avid Technology, Cornerstone Building Brands, CURO Group, Build-A-Bear Workshop and Regional Management
- The Zacks Analyst Blog Highlights: Avid Technology, Cornerstone Building Brands, CURO Group, Build-A-Bear Workshop and Regional Management
- 04/23/2020
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The Zacks Analyst Blog Highlights: Avid Technology, Cornerstone Building Brands, CURO Group, Build-A-Bear Workshop and Regional Management
- The Zacks Analyst Blog Highlights: Avid Technology, Cornerstone Building Brands, CURO Group, Build-A-Bear Workshop and Regional Management
- 04/23/2020
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Plexus (PLXS) Q2 Earnings Beat Estimates, Revenues Fall Y/Y
- Plexus' (PLXS) second-quarter results reflect weakness in Healthcare/Life Sciences and Communications sectors and lower revenues from Americas (AMER).
- 04/23/2020
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Plexus (PLXS) Q2 Earnings Beat Estimates, Revenues Fall Y/Y
- Plexus' (PLXS) second-quarter results reflect weakness in Healthcare/Life Sciences and Communications sectors and lower revenues from Americas (AMER).
- 04/23/2020
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Citrix (CTXS) Q1 Earnings Up on Work-From-Home Amid Coronavirus
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SAP Earnings Miss Estimates in Q1, Revenues Increase Y/Y
- SAP's first-quarter 2020 results benefit from solid performance of its cloud solutions and an expanding client base. However, the coronavirus pandemic hurt revenues of software licenses & support business.
- 04/22/2020
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Top Ranked Growth Stocks to Buy for April 22nd
- Top Ranked Growth Stocks to Buy for April 22nd
- 04/22/2020
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Top Ranked Growth Stocks to Buy for April 22nd
- Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, April 22nd.
- 04/22/2020
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Texas Instruments (TXN) Q1 Earnings Beat, Revenues Down Y/Y
- Texas Instruments' (TXN) first-quarter 2020 results hurt by weak segmental performance amid growth in industrial and enterprise systems market.
- 04/22/2020
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Texas Instruments (TXN) Q1 Earnings Beat, Revenues Down Y/Y
- Texas Instruments' (TXN) first-quarter 2020 results hurt by weak segmental performance amid growth in industrial and enterprise systems market.
- 04/22/2020
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Wall Street Bullish on Coronavirus Relief Funds: 5 Big Winners
- U.S. lawmakers, agreement on a sweeping stimulus package designed to curb the economic fallout from the coronavirus-induced public health crisis will certainly help Wall Street stay afloat.
- 04/22/2020
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SAP Earnings Miss Estimates in Q1, Revenues Increase Y/Y
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Cadence (CDNS) Q1 Earnings Beat Estimates, Revenues Rise Y/Y
- Cadence's (CDNS) first-quarter 2020 results benefit from robust demand for the company's digital & signoff and IP solutions as well as Cadence Verification Suite's expanding clientele.
- 04/21/2020
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Cadence (CDNS) Q1 Earnings Beat Estimates, Revenues Rise Y/Y
- Cadence's (CDNS) first-quarter 2020 results benefit from robust demand for the company's digital & signoff and IP solutions as well as Cadence Verification Suite's expanding clientele.
- 04/21/2020
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IBM Beats on Q1 Earnings, Withdraws '20 View on Coronavirus Woes
- IBM's first-quarter results reflect solid growth in Cloud revenues. However, coronavirus outbreak impacted adoption of cognitive applications and transaction processing platforms in March.
- 04/21/2020
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Zacks.com featured highlights include: Avid Technology, Navient, Sykes Enterprises, Lake Gold and Select Medical
- Zacks.com featured highlights include: Avid Technology, Navient, Sykes Enterprises, Lake Gold and Select Medical
- 04/21/2020
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Scientific Games Inks South Carolina Education Lottery Deal
- Scientific Games (SGMS) will fully manage the Lottery's diverse portfolio of the United States' top-performing $10 instant games.
- 04/21/2020
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Zacks.com featured highlights include: Avid Technology, Navient, Sykes Enterprises, Lake Gold and Select Medical
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Factors Setting the Tone for CyberOptics' (CYBE) Q1 Earnings
- CyberOptics' (CYBE) first-quarter 2020 performance is likely to have benefited from solid demand for semiconductor sensors, despite headwinds like low demand for legacy products and coronavirus.
- 04/20/2020
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Factors Setting the Tone for CyberOptics' (CYBE) Q1 Earnings
- CyberOptics' (CYBE) first-quarter 2020 performance is likely to have benefited from solid demand for semiconductor sensors, despite headwinds like low demand for legacy products and coronavirus.
- 04/20/2020
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Top Ranked Growth Stocks to Buy for April 20th
- Top Ranked Growth Stocks to Buy for April 20th
- 04/20/2020
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Top Ranked Growth Stocks to Buy for April 20th
- Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, April 20th
- 04/20/2020
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Infosys' (INFY) Q4 Earnings Meet, Revenues Miss Estimates
- Infosys' (INFY) fourth-quarter fiscal 2020 results benefit from strong demand for its cloud service, IoT, cyber security, SaaS, user experience, data and analytics.
- 04/20/2020
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5 Stocks With High Earnings Yield to Enhance Your Portfolio
- Beat the coronavirus blues by investing in these high earnings yield stocks.
- 04/20/2020
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Koninklijke Philips' (PHG) Q1 Earnings Down on Coronavirus Impact
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Avid Technology to Hold Virtual Annual Meeting of Stockholders
- BURLINGTON, Mass., April 17, 2020 -- Avid (NASDAQ: AVID) today announced that it will host its 2020 Annual Meeting of Stockholders in a virtual format only due to the public.
- 04/17/2020
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Zacks Value Trader Highlights: Avid Technology, Cardinal Health, EMCOR and Fastenal
- Zacks Value Trader Highlights: Avid Technology, Cardinal Health, EMCOR and Fastenal
- 04/17/2020
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Zacks Value Trader Highlights: Avid Technology, Cardinal Health, EMCOR and Fastenal
- Zacks Value Trader Highlights: Avid Technology, Cardinal Health, EMCOR and Fastenal
- 04/17/2020
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Avid Technology to Hold Virtual Annual Meeting of Stockholders
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How to Find Value Stocks During the Coronavirus Crisis
- Can screening for Zacks Strong Buy stocks help investors find quality earnings during this uncertain economic time?
- 04/16/2020
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How to Find Value Stocks During the Coronavirus Crisis
- Can screening for Zacks Strong Buy stocks help investors find quality earnings during this uncertain economic time?
- 04/16/2020
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Avid Technology, G-III Apparel, Schlumberger, Baker Hughes and Halliburton highlighted as Zacks Bull and Bear of the Day
- Avid Technology, G-III Apparel, Schlumberger, Baker Hughes and Halliburton highlighted as Zacks Bull and Bear of the Day
- 04/16/2020
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Avid Technology, G-III Apparel, Schlumberger, Baker Hughes and Halliburton highlighted as Zacks Bull and Bear of the Day
- Avid Technology, G-III Apparel, Schlumberger, Baker Hughes and Halliburton highlighted as Zacks Bull and Bear of the Day
- 04/16/2020
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Top Ranked Growth Stocks to Buy for April 16th
- Top Ranked Growth Stocks to Buy for April 16th
- 04/16/2020
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Top Ranked Growth Stocks to Buy for April 16th
- Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, April 16th
- 04/16/2020
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Thursday’s Top Analyst Upgrades and Downgrades: Bed Bath & Beyond, Ciena, DocuSign, eHealth, Faceboook, Netflix, PNC, Square, Tilray, Twitter, Zoom and More
- Stocks closed down on Wednesday as the economic numbers are starting to show just how weak the economy is becoming, but a drop in jobless claims (to 5.25 million) has allowed stocks to rise less than 1% on Thursday morning. Investors have been caught off guard in many of the moves in recent weeks, and […]
- 04/16/2020
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Bull of the Day: Avid Technology (AVID)
- Bull of the Day: Avid Technology (AVID)
- 04/16/2020
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Bull of the Day: Avid Technology (AVID)
- This media software provider is seeing big demand from work-from-home solutions.
- 04/16/2020
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Top Ranked Growth Stocks to Buy for April 15th
- Top Ranked Growth Stocks to Buy for April 15th
- 04/15/2020
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Top Ranked Growth Stocks to Buy for April 15th
- Here are four stocks with buy ranks and strong growth characteristics for investors to consider today, April 15th
- 04/15/2020
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HP's Printable Resources Platform to Support Remote Learning
- With its new resource platform, HP (HPQ) aims to address the common concern of parents around the world regarding their children's education being affected for staying at home.
- 04/15/2020
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Nasdaq Exits Coronavirus-Led Bear Market: 5 Tech Stocks to Buy
- The rally in technology stocks has been aiding the Nasdaq Composite for the last three weeks, driving it out of the bear market.
- 04/15/2020
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Nasdaq Exits Coronavirus-Led Bear Market: 5 Tech Stocks to Buy
- The rally in technology stocks has been aiding the Nasdaq Composite for the last three weeks, driving it out of the bear market.
- 04/15/2020
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Avid Technology (AVID) Receives a Buy from Maxim Group
- In a report released yesterday, Jack Vander Aarde from Maxim Group reiterated a Buy rating on Avid Technology (AVID), with a price target of $12.00. The
- 04/15/2020
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Avid Technology (AVID) Receives a Buy from Maxim Group
- In a report released yesterday, Jack Vander Aarde from Maxim Group reiterated a Buy rating on Avid Technology (AVID –
- 04/15/2020
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HP's Printable Resources Platform to Support Remote Learning
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PayPal (PYPL) to Offer PPP Access to Combat Coronavirus Woes
- PayPal (PYPL) extends help to small businesses by providing access to Paycheck Protection Program (PPP) loans.
- 04/14/2020
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PayPal (PYPL) to Offer PPP Access to Combat Coronavirus Woes
- PayPal (PYPL) extends help to small businesses by providing access to Paycheck Protection Program (PPP) loans.
- 04/14/2020
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Computer Software Stock Outlook Bright With Solid Prospects
- Computer Software Stock Outlook Bright With Solid Prospects
- 04/14/2020
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Computer Software Stock Outlook Bright With Solid Prospects
- Computer Software industry participants are benefiting from a steady digital transformation environment and the strong adoption of cloud computing.
- 04/14/2020
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Avid Technology (AVID) Gains But Lags Market: What You Should Know
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Monolithic Power (MPWR) Designs Ventilator to Fight COVID-19
- Monolithic Power's (MPWR) new open-source ventilator is expected to drive top-line growth in the near term and expand its footprint in the medical ventilator space.
- 04/13/2020
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Monolithic Power (MPWR) Designs Ventilator to Fight COVID-19
- Monolithic Power's (MPWR) new open-source ventilator is expected to drive top-line growth in the near term and expand its footprint in the medical ventilator space.
- 04/13/2020
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Monolithic Power (MPWR) Designs Ventilator to Fight COVID-19
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Silicon Motion (SIMO) Interim Results Reflect Coronavirus Woes
- Silicon Motion (SIMO) now anticipates first-quarter 2020 non-GAAP revenues to be lie at the lower end of the previously-guided range of $130 million to $138 million.
- 04/09/2020
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Silicon Motion (SIMO) Interim Results Reflect Coronavirus Woes
- Silicon Motion (SIMO) now anticipates first-quarter 2020 non-GAAP revenues to be lie at the lower end of the previously-guided range of $130 million to $138 million.
- 04/09/2020
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86 Biggest Movers From Yesterday
- Gainers
Moleculin Biotech Inc (NASDAQ: MBRX) shares jumped 125.7% to close at $1.27 on Wednesday after it said that independent research found 2-deoxy-D-glucose (2-DG)to reduce...
- 04/09/2020
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Silicon Motion (SIMO) Interim Results Reflect Coronavirus Woes
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Top Ranked Growth Stocks to Buy for April 8th
- Top Ranked Growth Stocks to Buy for April 8th
- 04/08/2020
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Top Ranked Growth Stocks to Buy for April 8th
- Here are four stocks with buy ranks and strong growth characteristics for investors to consider today, April 8th
- 04/08/2020
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NXP's (NXPI) Preliminary Q1 Results Reflect Coronavirus Crisis
- NXP Semiconductors (NXPI) lowers first-quarter 2020 revenue and operating margin projections in its preliminary report due to the coronavirus pandemic.
- 04/08/2020
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NXP's (NXPI) Preliminary Q1 Results Reflect Coronavirus Crisis
- NXP Semiconductors (NXPI) lowers first-quarter 2020 revenue and operating margin projections in its preliminary report due to the coronavirus pandemic.
- 04/08/2020
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5 Top Growth Tech Stocks to Pick Amid Coronavirus Crisis
- Considering the long-term growth prospects of tech companies, we believe the coronavirus-led sell-off provides solid buying opportunities for investors.
- 04/08/2020
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5 Top Growth Tech Stocks to Pick Amid Coronavirus Crisis
- Considering the long-term growth prospects of tech companies, we believe the coronavirus-led sell-off provides solid buying opportunities for investors.
- 04/08/2020
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Avid Technology Issues Business Update in Response to Global Impact of COVID-19
- The Company is still completing its review of its first quarter results, which it will report on May 7, 2020. Based on a preliminary review of results for the quarter, the Company expects that its subscription business will experience a record growth quarter in terms of net new cloud-enabled software subscriptions. For the first quarter of 2020, the Company now expects its subscription and maintenance revenue will be between $44.5 million and $46.0 million, slightly above the prior guidance issued on March 7, 2020; its total revenue will be approximately 13% - 15% below the mid-point of the prior guidance; its Adjusted EBITDA will be adversely impacted by the reduced revenue and is expected to be positive, but significantly below the prior guidance, and Free Cash Flow is expected to be approximately negative $7 million due to slower collections and reduced billings in the second half of March.
- 04/08/2020
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Top Ranked Growth Stocks to Buy for April 8th
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Vishay Expands Thin Film Capacity With ThermaWick THJP Launch
- Vishay (VSH) strengthens surface mount chip portfolio with the introduction of ThermaWick THJP series.
- 04/07/2020
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Microsoft (MSFT) Boosts Hardware Efforts With New Appointment
- Microsoft (MSFT) looks to strengthen position in the hardware market by bringing Ruben Caballero on board.
- 04/07/2020
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Flex (FLEX) to Produce Ventilator Parts Amid Coronavirus Crisis
- Flex (FLEX) ramps up production of ventilator parts to tackle demand of ventilators triggered by coronavirus pandemic.
- 04/07/2020
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Flex (FLEX) to Produce Ventilator Parts Amid Coronavirus Crisis
- Flex (FLEX) ramps up production of ventilator parts to tackle demand of ventilators triggered by coronavirus pandemic.
- 04/07/2020
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Avid Technology Issues Business Update in Response to Global Impact of COVID-–9
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Microsoft (MSFT) & WalkMe Alliance to Aid Dynamics 365 Sales
- Microsoft (MSFT) partners with WalkMe with an aim of bolstering Dynamics 365 adoption and boosting digital transformation of enterprises.
- 04/06/2020
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Microsoft (MSFT) & WalkMe Alliance to Aid Dynamics 365 Sales
- Microsoft (MSFT) partners with WalkMe with an aim of bolstering Dynamics 365 adoption and boosting digital transformation of enterprises.
- 04/06/2020
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Jack Henry Launches PPP Loan Solution to Fight Coronavirus
- Jack Henry (JKHY) unveils PPP loan solution to support the financial institutions in catering to small businesses impacted by the coronavirus-induced disruptions.
- 04/06/2020
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Top Ranked Growth Stocks to Buy for April 6th
- Top Ranked Growth Stocks to Buy for April 6th
- 04/06/2020
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Top Ranked Growth Stocks to Buy for April 6th
- Here are four stocks with buy ranks and strong growth characteristics for investors to consider today, April 6th
- 04/06/2020
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Top Ranked Growth Stocks to Buy for April 6th
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