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Avid Technology Inc (AVID.OQ)

AVID.OQ on NASDAQ Stock Exchange Global Select Market

7.94USD
30 Sep 2016
Change (% chg)

$0.34 (+4.47%)
Prev Close
$7.60
Open
$7.61
Day's High
$7.97
Day's Low
$7.61
Volume
137,264
Avg. Vol
107,804
52-wk High
$9.76
52-wk Low
$5.30

Latest Key Developments (Source: Significant Developments)

Avid Q2 revenue $134.1 mln vs est $110.1 million
Wednesday, 3 Aug 2016 04:05pm EDT 

Avid Technology Inc : Avid announces second quarter 2016 results . Q2 revenue $134.1 million versus i/b/e/s view $110.1 million . Updates full-year guidance; maintains guidance for bookings and for positive adjusted free cash flow . Qtrly gaap net income was $13.0 mln, up $17.0 mln year-over-year .Qtrly bookings were $102.2 mln, up 10.5% quarter-over-quarter.  Full Article

Avid Technology Inc raises FY 2015 EBITDA guidance
Monday, 10 Aug 2015 04:39pm EDT 

Avid Technology Inc:Expects FY 2015 Adjusted EBITDA range raised to $74 to $80 million, up from $72 to $78 million as previously guided.FY 2015 EBITDA of $77 million - Thomson Reuters I/B/E/S.  Full Article

Avid Technology Inc completes acquisition of Orad Hi-Tec Systems
Tuesday, 23 Jun 2015 07:30am EDT 

Avid Technology Inc:Has achieved another significant advance in company's Avid Everywhere vision by completing its acquisition of Orad Hi-Tec Systems, provider of state-of-the-art 3D real-time graphics, video servers, and related workflow management solutions.Orad product lines are highly complementary to Avid MediaCentral Platform, and allow Avid to further deliver on its commitment to give media organizations and creative professionals more comprehensive workflows with greater choice, flexibility, and operational efficiency.  Full Article

Avid Technology Inc prices convertible senior notes
Wednesday, 10 Jun 2015 06:30am EDT 

Avid Technology Inc:Announces pricing of $125 million offering of convertible senior notes due 2020.Says size of the offering was increased from the previously announced $115 million aggregate principal amount.Conversion rate for the notes will initially be 45.5840 shares per $1,000 principal amount of notes.Says notes will be senior unsecured obligations and interest will be payable semi-annually at a rate of 2.00% per annum.To use the net proceeds from the offering of the notes to fund avid's acquisition of orad hi-tec systems, ltd.Concurrently with the pricing of notes, Avid entered into capped call transaction with an affiliate of one of the initial purchasers.To also use the net proceeds from the offering of the notes to pay the cost of the capped call transaction.Says the cap price under the capped call transaction will initially be $26.00 per share.  Full Article

Avid Technology Inc announces proposed $115 million offering of convertible senior notes due 2020
Monday, 8 Jun 2015 04:01pm EDT 

Avid Technology Inc:Says intention to offer, subject to market and other conditions, $115 million aggregate principal amount of its convertible senior notes due 2020.Says use the net proceeds from the offering of the notes to fund avid's acquisition of Orad Hi-tec Systems, Ltd.  Full Article

Avid Technology Inc reaffirms FY 2015 EBITDA guidance
Thursday, 7 May 2015 04:11pm EDT 

Avid Technology Inc:Says financial guidance for FY 2015, which excludes anticipated Orad acquisition, remains unchanged.Expects FY 2015 adjusted EBITDA of $72 million to $78 million.Reaffirm prior FY 2015 financial guidance.FY 2015 EBITDA of $78 million - Thomson Reuters I/B/E/S.  Full Article

Orad Hi-Tec Systems Ltd informs creditors about merger with Avid Technology subsidiary Messino
Wednesday, 22 Apr 2015 02:30am EDT 

Orad Hi-Tec Systems Ltd:Gives notice to creditors regarding the filing of a merger proposal with the Israeli Registrar of Companies.Orad and Messinio Ltd., subsidiary of Avid Technology Inc, filed a merger proposal to Israeli Registrar Of Companies, whereby Messinio will merge with and into Orad.Upon completion of merger, Orad will become a wholly-owned indirect subsidiary of Avid.  Full Article

Avid Technology Inc enters into definitive agreement to acquire Orad Hi-Tec Systems Ltd for 5.67 euros per share
Sunday, 12 Apr 2015 07:38pm EDT 

Avid Technology Inc:Announced that it has signed definitive agreement to acquire Orad Hi-Tec Systems Ltd., a Frankfurt stock exchange-listed public company with its headquarters in Kfar Saba, Israel, for 5.67 euros per share in an all-cash transaction.Orad is a provider of 3D real-time graphics, video servers and related asset management solutions.Under terms of the definitive agreement, Avid has agreed to pay 5.67 euros in cash for each share of Orad common stock which, at today's exchange rate equals about $60 million, net of estimated cash acquired.  Full Article

Avid Technology, Inc's Avid Everywhere Enables RTVE to collaborate among production facilities
Tuesday, 31 Mar 2015 09:00am EDT 

Avid Technology, Inc:Says Radio Televisión Española has embraced Avid Everywhere to streamline it's production processes and collaboration among it's multiple facilities across Spain.Says built on Avid MediaCentral Platform, broadcast workflow enabled RTVE to centralize it's technical operations in Madrid and reduce regional newscast production costs.RTVE is composed of TVE and RNE, official television and radio networks of Spain.Networks produce wide range of content for six television channels and six radio stations, including news, documentaries, sports, children's programming, and more.  Full Article

Avid Technology Inc gives FY 2015 EBITDA guidance in line with analysts' estimates
Monday, 16 Mar 2015 05:23pm EDT 

Avid Technology Inc:Says financial guidance for FY 2015 reflects adjusted EBITDA of $72 million to $78 million.FY 2015 EBITDA of $78 million - Thomson Reuters I/B/E/S.  Full Article

BRIEF-Avid Q2 revenue $134.1 mln vs est $110.1 million

* Q2 revenue $134.1 million versus i/b/e/s view $110.1 million