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.

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.

Avid Technology to Participate in the 23rd Annual Needham Virtual Growth Conference

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.

Despite The Rally, The Shares Of Avid Are Still Too Cheap

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Avid Launches Fourth Annual Avid Customer Vote

Avid brings powerful HDX DSP technology to individual artists, bands and producers for the fastest, smoothest and most inspiring recording experience Avid brings powerful HDX DSP technology to individual artists, bands and producers for the fastest, smoothest and most inspiring recording experience

Avid Unveils Next Generation Pro Tools | Carbon Hybrid Audio Production System Designed Specifically for Music Creators

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

New Avid Mobile Apps for MediaCentral Empower Production Teams to Deliver Breaking News From Anywhere

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The tech provider is seeing a demand turnaround, although sales were still down.

Why Avid Technology Stock Is Surging Today

Avid Technology, Inc. (AVID) CEO Jeff Rosica on Q3 2020 Results - Earnings Call Transcript

14 .1 % Sequential Revenue Growth as End Markets Begin to Recover from COVID-19 Downturn

Avid Technology Announces Q3 2020 Results

BURLINGTON, Mass., Oct. 14, 2020 (GLOBE NEWSWIRE) -- Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, today announced that Jeff Rosica, Chief Executive Officer and President, and Ken Gayron, Executive Vice President and Chief Financial Officer, will host a conference call on Wednesday, October 28, 2020, at 5:30 p.m. ET to discuss the company's earnings for the third quarter of 2020, which will be published after the market close that day.

Avid Technology Announces Conference Call to Discuss Third Quarter 2020 Financial Results

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).

Avid (AVID) Moves to Strong Buy: Rationale Behind the Upgrade

Editors Can Now Easily Access Avid Asset Management and Storage within Their Adobe Premiere Pro Workflows; Avid to Unveil Details with Adobe During All-Access Launch Event for the Creative Community on September 24 Editors Can Now Easily Access Avid Asset Management and Storage within Their Adobe Premiere Pro Workflows; Avid to Unveil Details with Adobe During All-Access Launch Event for the Creative Community on September 24

Avid Breaks New Ground by Enabling Content Creators to Seamlessly Collaborate with Adobe Premiere Pro Editors

In Conjunction with Avid Reseller MelroseMAC, QSR Systems Enhances Its Capacity to Support Film and Broadcast Content Creators as Their Workflows Evolve 

Avid and QSR Systems Strike 10-Year Subscription Agreement for Creative Tools Upgrade and Expansion for Leading Supplier to Hollywood’s Production Community

The company faces a long recovery after the COVID-19 pandemic shut down the live entertainment industry.

How Disruption to Film and Music Production Hurt Avid Technology

Avid NEXIS 2020 propels storage reliability, openness and cost-efficiency while better enabling content creators to work from anywhere and keep pace with growing content demands Avid NEXIS 2020 propels storage reliability, openness and cost-efficiency while better enabling content creators to work from anywhere and keep pace with growing content demands

New Avid NEXIS 2020 Collaborative Storage Unveiled for Today’s Demanding Media Workflows

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Avid (AVID) Upgraded to Strong Buy: Here's What You Should Know

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Is Avid Technology (AVID) Stock Undervalued Right Now?

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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.

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Avid Turnaround Has Considerably Further To Run

New Strategic Purchasing Agreement Makes All Avid Audio and Video Solutions Available to Diversified’s Clients through a Single Source New Strategic Purchasing Agreement Makes All Avid Audio and Video Solutions Available to Diversified’s Clients through a Single Source

Avid Names Diversified as First-Ever Global Systems Integration Partner

While revenue took a tumble, the bottom line soared thanks to cost cuts.

Why Shares of Avid Technology Surged Today

Avid Technology's (AVID) CEO Jeff Rosica on Q2 2020 Results - Earnings Call Transcript

News for Avid Technology Stock (AVID)