Key Developments: Avid Technology Inc (AVID.OQ)

AVID.OQ on NASDAQ Stock Exchange Global Select Market

2 Mar 2015
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Latest Key Developments (Source: Significant Developments)

Avid Technology Inc reaffirms FY 2014 EBITDA guidance
Thursday, 13 Nov 2014 05:28pm EST 

Avid Technology Inc:Expects FY 2014 Adjusted EBITDA of $64 million to $72 million.  Full Article

Avid Technology Inc raises FY 2014 EBITDA guidance
Monday, 20 Oct 2014 06:04pm EDT 

Avid Technology Inc:Raises FY 2014 prior adjusted EBITDA guidance to $64 to $72 mln.  Full Article

Avid Technology Inc gives FY 2014 revenue guidance; reaffirms FY 2014 EBITDA guidance - Conference Call
Wednesday, 24 Sep 2014 08:00am EDT 

Avid Technology Inc:Expects FY 2014 revenue to decline about 5 pct compared to FY 2013.Says non-GAAP adjusted EBITDA is expected to be in a range of $58 million to $65 million for FY 2014.  Full Article

Avid Technology files 2013 Form 10-K and completes financial restatement
Friday, 12 Sep 2014 07:30am EDT 

Avid Technology Inc:Completes its restatement and filed its annual report on Form 10-K for the fiscal year ended Dec. 31, 2013, which also includes results for the fiscal year ended Dec. 31, 2012 and restated results for the fiscal year ended Dec. 31, 2011.Estated results include changes to the company's historical reported results, primarily focused in Revenue Recognition, Impairment of Goodwill, Discontinued Operations Classification and Restructuring Reserves.  Full Article

Avid Technology Inc gives FY 2014 EBITDA guidance
Friday, 12 Sep 2014 07:30am EDT 

Avid Technology Inc:Provides FY 2014 guidance.Says for FY 2014, it expects $58 million to $65 million of adjusted earnings excluding interest, taxes, depreciation, all amortization, stock-based compensation, restructuring and other charges and restatement related costs (or Adjusted EBITDA).  Full Article

Millersville University chooses Avid for end-to-end media production environment
Tuesday, 10 Jun 2014 09:00am EDT 

Avid Technology Inc:Says Millersville University has implemented a complete end-to-end Avid workflow for its media production facility.By choosing Avid solutions, Millersville University is helping students learn the industry-standard tools and infrastructure used in professional production environments.  Full Article

German broadcaster selects Avid Technology Inc
Monday, 9 Jun 2014 09:00am EDT 

Avid Technology Inc:Says Hessischer Rundfunk, Germany's public broadcasters, has selected Avid solutions to power its post-production workflow.  Full Article

Avid Technology Inc announces appointment of Deloitte & Touche as new audit firm
Tuesday, 7 Jan 2014 04:30pm EST 

Avid Technology Inc:Says it has appointed Deloitte & Touche LLP as its new auditor firm to succeed Ernst & Young LLP.Says decision to change auditors was not the result of any disagreement between the company and Ernst & Young LLP on any matter of accounting principle or practice, financial statement disclosures, or auditing scope or procedure.  Full Article

Radio Television Of Serbia Selects Avid Technology Inc To Accelerate Content Creation And Distribution
Tuesday, 12 Nov 2013 09:00am EST 

Avid Technology Inc announced continued momentum in Eastern Europe with Radio Television of Serbia (RTS), Serbia's public broadcaster, significantly adding to its investment in Avid`s broadcast solutions. The investment will enable RTS to streamline media asset management and enable the broadcaster to accelerate the creation, repurpose, monetisation and distribution of high-quality, compelling content across multiple platforms.  Full Article

Robbins Geller Rudman & Dowd LLP Files Expanded Class Action Suit Against Avid Technology Inc
Thursday, 23 May 2013 06:12pm EDT 

Robbins Geller Rudman & Dowd LLP announced that a class action has been commenced on behalf of an institutional investor in the United States District Court for the District of Massachusetts on behalf of purchasers of Avid Technology, Inc. (Avid) common stock during the period between January 29, 2010 and February 22, 2013 (the Class Period). The complaint charges Avid and certain of its officers and directors with violations of the Securities Exchange Act of 1934. Based in Burlington, Massachusetts, Avid markets audio and video editing software used in the film, music, recording, television, concert and news industries. The complaint alleges that during the Class Period, Avid issued materially false and misleading statements overstating the Company’s financial results and prospects. As a result of these false statements, Avid’s common stock traded at artificially inflated prices during the Class Period, reaching a Class Period high of more than $23 per share in intraday trading on February 17, 2011, and facilitating the payment of millions of dollars in cash and equity incentive awards to Avid’s senior executives premised on their reported overstated revenues and operating earnings.  Full Article

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