Avid Technology, Inc. (AVID) EPS Estimated At $0.23

March 14, 2018 - By Vivian Park

 Avid Technology, Inc. (AVID) EPS Estimated At $0.23
Investors sentiment decreased to 1 in Q3 2017. Its down 0.55, from 1.55 in 2017Q2. It turned negative, as 14 investors sold Avid Technology, Inc. shares while 23 reduced holdings. 14 funds opened positions while 23 raised stakes. 28.25 million shares or 1.15% less from 28.58 million shares in 2017Q2 were reported.
Geode Mngmt Ltd Liability Corp holds 280,594 shares or 0% of its portfolio. Spark Inv Mngmt Limited has 38,200 shares for 0.01% of their portfolio. Legal & General Group Public Llc has 10,481 shares for 0% of their portfolio. Millennium Ltd Liability Co owns 92,314 shares. Petrus Lta owns 20,043 shares for 0.02% of their portfolio. Meeder Asset Mgmt holds 0% of its portfolio in Avid Technology, Inc. (NASDAQ:AVID) for 1,619 shares. Trexquant Invest Lp accumulated 28,739 shares or 0.03% of the stock. S Squared Technology Limited Liability Co accumulated 49,568 shares. Bnp Paribas Arbitrage Sa holds 0% in Avid Technology, Inc. (NASDAQ:AVID) or 9,094 shares. Northern Corp owns 380,804 shares or 0% of their US portfolio. Lpl Financial Limited invested in 20,049 shares. First Quadrant Lp Ca holds 0% or 16,949 shares in its portfolio. Fincl Bank Of New York Mellon Corporation has invested 0% in Avid Technology, Inc. (NASDAQ:AVID). Vanguard Gp has invested 0% in Avid Technology, Inc. (NASDAQ:AVID). Schwab Charles Investment Mngmt Inc reported 97,946 shares stake.

Analysts expect Avid Technology, Inc. (NASDAQ:AVID) to report $0.23 EPS on March, 15 after the close.They anticipate $0.04 EPS change or 14.81 % from last quarter’s $0.27 EPS. AVID’s profit would be $9.47M giving it 5.76 P/E if the $0.23 EPS is correct. After having $0.04 EPS previously, Avid Technology, Inc.’s analysts see 475.00 % EPS growth. The stock increased 3.11% or $0.16 during the last trading session, reaching $5.3. About 170,327 shares traded. Avid Technology, Inc. (NASDAQ:AVID) has declined 5.06% since March 14, 2017 and is downtrending. It has underperformed by 21.76% the S&P500.

Avid Technology, Inc. (NASDAQ:AVID) Ratings Coverage

Among 4 analysts covering Avid Technology (NASDAQ:AVID), 2 have Buy rating, 1 Sell and 1 Hold. Therefore 50% are positive. Avid Technology had 6 analyst reports since August 11, 2015 according to SRatingsIntel. BWS Financial maintained the shares of AVID in report on Wednesday, November 11 with “Buy” rating. The firm has “Buy” rating by Singular Research given on Wednesday, December 9. The stock has “Sell” rating by Dougherty on Thursday, December 7. As per Thursday, November 10, the company rating was downgraded by BWS Financial. Dougherty & Company downgraded the stock to “Buy” rating in Tuesday, August 11 report.

Avid Technology, Inc. develops, markets, sells, and supports software and hardware for digital media content production, management, and distribution worldwide. The company has market cap of $218.29 million. The firm offers professional video creative tools, such as Media Composer product line that is used to edit video content; NewsCutter option and iNews systems for news production; Avid Symphony option, which is used during post-production; and Media Composer | Cloud solution that enables broadcast news professionals to acquire, access, edit, and finish stories. It currently has negative earnings. It also offers media management solutions comprising Avid MediaCentral | UX Web and mobile apps that provide real-time access to media assets for media professional; and Avid Interplay asset management solutions, which offers network, storage, and database solutions to enable users to simultaneously share and manage media assets across a project or organization.

More recent Avid Technology, Inc. (NASDAQ:AVID) news were published by: Streetinsider.com which released: “Form 3 AVID TECHNOLOGY, INC. For: Mar 08 Filed by: Silvers Daniel B.” on March 12, 2018. Also Globenewswire.com published the news titled: “Avid Technology Announces Conference Call to Discuss Fourth Quarter 2017 …” on March 08, 2018. Globenewswire.com‘s news article titled: “Avid Technology Announces Appointment of Jeff Rosica as Chief Executive …” with publication date: February 26, 2018 was also an interesting one.

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