Avid Technology

Avid Technology, Inc. engages in the provision of technology services for media and entertainment industry. It develops, markets, sells, and supports software and integrated solutions for video and audio content creation, management and distribution. The company was founded by William J. Warner in September 1987 and is headquartered in Burlington, MA.

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Avid Technology reports strong FY 2022 performance and eyes subscription growth

Avid Technology delivered solid financial performance in FY 2022, driven by robust subscription revenue growth and operational efficiency.
The company's strategic initiatives, including Pro Tools Intro and enterprise subscription agreements, position it well for continued growth in 2023.
While facing challenges in hardware business diversification and SaaS migration, Avid Technology remains focused on improving profitability and cash flow.
Opportunities lie in sustained subscription revenue growth, innovation-driven value delivery, and expanding partnerships to drive business expansion.

Avid Technology reports robust Q1 performance, focuses on subscription growth

Avid Technology's Q1 2023 earnings call reflects a resilient performance marked by strong subscription revenue growth, proactive cost-saving measures, and strategic initiatives to drive subscriber expansion. Despite challenges in the audio hardware segment and supply chain constraints, the company remains focused on achieving improved profitability and cash flow in the second half of the year. Avid's long-term growth model targets creative and enterprise subscriptions, aiming for higher gross profit margins and enhanced EBITDA margins over time.

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Avid Technology, Inc. engages in the provision of technology services for the media and entertainment industry. It develops, markets, sells, and supports software and integrated solutions for video and audio content creation, management, and distribution. The company was founded by William J. Warner in September 1987 and is headquartered in Burlington, MA.

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.

Earnings Preview: Avid Technology (AVID) Q3 Earnings Expected to Decline

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

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

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.

Avid Technology Announces $115 Million Share Repurchase Authorization

The supplier of tech for video and audio content production disappointed the market with its second-quarter results -- but were traders being short-sighted?

Avid Tumbled After Earnings. Is This a Buying Opportunity?

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.

Avid Technology to Participate in September Investor Conferences

In a move from perpetual licensing, Hula's clients get up-to-the-minute features and capabilities from Media Composer editing software In a move from perpetual licensing, Hula's clients get up-to-the-minute features and capabilities from Media Composer editing software

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

Media Composer | Distributed Processing speeds creative workflows by offloading processor-intensive tasks Media Composer | Distributed Processing speeds creative workflows by offloading processor-intensive tasks

Avid Enhances Media Composer Subscription Offering to Accelerate Content Editing and Production

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

Swedish National Broadcaster SVT Chooses Avid Software Subscription for TV News and Programming Production Workflows

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.

Avid Technology: Selloff Provides An Opportunity

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

Avid Expands MediaCentral Integration with Third-Party Newsroom Computer Systems

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

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

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

New EUCON Update Delivers Custom Plugin Mapping and Meter Creation for Avid Control Surfaces

Avid Technology, Inc. (AVID) CEO Jeff Rosica on Q2 2021 Results - Earnings Call Transcript

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?

Avid Technology (AVID) Beats Q2 Earnings and Revenue Estimates

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.

Avid Technology: Q2 Earnings Insights

19.7% Year-Over-Year Revenue Growth, driven by Continued Subscription Growth and Recovery in Integrated Solutions

Avid Technology Announces Second Quarter 2021 Results

Sibelius users gain new mobile workflows with iPad app to compose anywhere Sibelius users gain new mobile workflows with iPad app to compose anywhere

Avid Unveils Sibelius Mobile App Placing Powerful Notation Tools at Music Creators' Fingertips Everywhere They Go

Avid Technology (AVID) Earnings Expected to Grow: Should You Buy?

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.

Avid Technology Announces Conference Call to Discuss Second Quarter 2021 Financial Results

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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

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

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.

Avid Technology: Ambitious Investor Day Targets Highlight The Growth Runway

This entertainment technology company is making a transition to a cloud-based subscription model. Does it belong in your portfolio?

Avid Technology, the Small-Cap Stock Powering the Streaming Revolution

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.

Avid Technology to Participate in the J.P. Morgan 49th Annual Global Technology, Media and Communications Conference

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.

News for Avid Technology Stock (AVID)