Edition:
United States

Avid Technology Inc (AVID.OQ)

AVID.OQ on NASDAQ Stock Exchange Global Select Market

4.71USD
29 Mar 2017
Change (% chg)

-- (--)
Prev Close
$4.71
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
127,049
52-wk High
$9.76
52-wk Low
$4.00

Latest Key Developments (Source: Significant Developments)

Avid Technology sees Q1 bookings $154-$168 million
Thursday, 23 Mar 2017 06:26am EDT 

Avid Technology Inc : Avid Technology announces q4 2016 results and issues q1 and fy 2017 guidance . Q4 revenue $115.3 million versus I/B/E/S view $113.4 million . Avid Technology Inc - sees Q1 bookings $154-$168 million . Sees Q1 2017 revenue $100 million - $110 million . Avid Technology Inc - sees q1 adjusted ebitda $8-$14 million . Avid Technology Inc sees 2017 revenue $405-$435 million . Avid Technology Inc qtrly earnings per share $0.13 . Avid Technology Inc - sees FY adjusted EBITDA $45-$55 million . Q4 earnings per share view $0.15 -- Thomson Reuters I/B/E/S . Q1 revenue view $114.5 million -- Thomson Reuters I/B/E/S . Avid Technology - "guidance range for Q1 includes impact of commercial agreement we announced with Beijing Jetsen Technology Co on January 31, 2017" . FY2017 revenue view $447.9 million -- Thomson Reuters I/B/E/S .Qtrly bookings were $125.3 million, down $67.8 million year-over-year.  Full Article

Avid Technology announces amendment to financing agreement
Monday, 20 Mar 2017 05:20pm EDT 

Avid Technology Inc - : Avid Technology announces amendment to financing agreement . Avid Technology announces amendment to financing agreement . Co, Cerberus agreed to expand amount of allowable one-time charges incurred after February 26, 2016 from $28.1 million to $38.0 million .Increased limit on 1-time charges will provide co to execute planned efficiencies, including more than $30 million of cost savings in 2017.  Full Article

Avid signs multi-year enterprise agreement with DHX Media
Wednesday, 8 Mar 2017 12:25pm EST 

Avid Technology Inc :Avid signs multi-year enterprise agreement with DHX Media.  Full Article

Avid and Al Jazeera sign global enterprise agreement
Tuesday, 10 Jan 2017 05:00pm EST 

Avid Technology Inc - :Avid and Al Jazeera sign global enterprise agreement and announce cloud-based newsroom project.  Full Article

Avid announces new Chief Financial Officer
Monday, 5 Dec 2016 08:00am EST 

Avid Technology Inc : Avid announces new chief financial officer . Brian Agle will become Avid's senior vice president and chief financial officer .Ilan Sidi, who served as interim CFO will resume his role as vice president of human resources for company.  Full Article

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

More From Around the Web

BRIEF-Avid Technology announces amendment to financing agreement

* Co, Cerberus agreed to expand amount of allowable one-time charges incurred after February 26, 2016 from $28.1 million to $38.0 million