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Avid Technology Inc (AVID.OQ)

AVID.OQ on NASDAQ Stock Exchange Global Select Market

5.96USD
15 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Avid posts Q3 net income $0.00‍​/shr
Thursday, 9 Nov 2017 04:05pm EST 

Nov 9 (Reuters) - Avid Technology Inc :Avid Technology announces Q3 2017 results and issues Q4 2017 guidance.Q3 revenue $105.3 million versus I/B/E/S view $102.6 million.Avid Technology Inc - qtrly ‍constant currency bookings were $107.9 million​.Avid Technology Inc - sees Q4 2017 bookings (constant currency) in range of $118 million to $132 mln‍​.Avid Technology Inc - sees Q4 2017 revenue in range of $103 million to $113 mln‍​.Avid Technology Inc says qtrly net income per common share - diluted $0.00‍​.  Full Article

Avid enters into multiyear enterprise agreement with Viacom
Wednesday, 8 Nov 2017 08:00am EST 

Nov 8 (Reuters) - Avid Technology Inc :Avid technology - ‍announced multiyear enterprise agreement with viacom to enhance worldwide production infrastructure on avid's mediacentral platform​.  Full Article

Avid Technology announces global patent cross-licensing agreement with Harmonic​
Monday, 30 Oct 2017 04:09pm EDT 

Oct 30 (Reuters) - Avid Technology Inc : :Avid Technology Inc - ‍announced a global patent cross-licensing agreement with Harmonic Inc.​.Avid Technology Inc - ‍under terms of settlement, Harmonic will pay $6.0 million to Avid​.Avid Technology Inc - ‍ending patent infringement litigation against Harmonic on a mutually acceptable basis without trial​.  Full Article

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

BRIEF-Avid posts Q3 net income $0.00‍​/shr

* Avid Technology announces Q3 2017 results and issues Q4 2017 guidance