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Avid Technology Inc (AVID.OQ)

AVID.OQ on NASDAQ Stock Exchange Global Select Market

4.44USD
2:05pm EDT
Change (% chg)

$-0.05 (-1.11%)
Prev Close
$4.49
Open
$4.47
Day's High
$4.48
Day's Low
$4.40
Volume
16,026
Avg. Vol
68,032
52-wk High
$8.17
52-wk Low
$4.00

Latest Key Developments (Source: Significant Developments)

Avid Technology reports Q2 loss per share $0.31
Thursday, 3 Aug 2017 04:41pm EDT 

Aug 3 (Reuters) - Avid Technology Inc -:Avid Technology announces Q2 2017 results and issues q3 2017 guidance.Q2 revenue $102.4 million versus I/B/E/S view $100.2 million.Avid Technology Inc qtrly ‍bookings and constant currency qtrly bookings were $98.1 million and $104.3 million respectively​.Avid Technology Inc - ‍reaffirms full-year 2017 guidance​.Avid Technology Inc qtrly loss per share $0.31‍​.Avid Technology Inc - ‍increasing recurring revenue is positively impacting avid's quarter-end revenue backlog of $488 million​.  Full Article

Avid's patent infringement claims against Harmonic Inc set to go on trial
Wednesday, 19 Jul 2017 09:00am EDT 

July 19 (Reuters) - Avid Technology Inc :Avid's patent infringement claims against Harmonic Inc set to proceed to trial.Avid Technology Inc - ‍addressed status of patent infringement litigation which has been ongoing against Harmonic Inc since 2011​.  Full Article

Avid provides update on Jetsen Equity Investment commercial alliance underway following successful launch
Friday, 30 Jun 2017 04:00pm EDT 

June 30 (Reuters) - Avid Technology Inc :Avid provides update on Jetsen Equity Investment; commercial alliance underway following successful launch.Avid Technology Inc - ‍avid and jetsen have agreed to amend terms of previously announced securities purchase agreement​.Avid Technology Inc - outside date when either party is permitted to terminate agreement has been extended.Avid Technology says jetsen to invest $18.16 million in avid in return for minority stake in co of between 4.5% and 8.9%​.Avid Technology Inc - ‍transaction is now expected to close in q4 of this year​.  Full Article

Avid Technology sees Q2 revenue $93 mln - $103 mln
Wednesday, 10 May 2017 06:30am EDT 

May 10 (Reuters) - Avid Technology Inc : :Avid Technology announces Q1 2017 results and issues q2 2017 guidance.Q1 revenue $104.1 million versus I/B/E/S view $105.7 million.Qtrly net loss per common share - basic and diluted $0.05.Sees Q2 bookings $87 million - $101 million.Sees Q2 revenue $93 million - $103 million.Reaffirm full year 2017 guidance.Avid Technology Inc sees Q2 2017 bookings (constant currency) $95 million -$109 million.  Full Article

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

BRIEF-Avid Technology reports Q2 loss per share $0.31

* Avid Technology announces Q2 2017 results and issues q3 2017 guidance