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Avid Technology, Inc. (AVID) Analysts See $0.10 EPS - Money Making Articles Hot Stuff

Avid Technology, Inc. (AVID) Analysts See $0.10 EPS

October 14, 2018 - By Richard Conner

Avid Technology, Inc. (NASDAQ:AVID) LogoInvestors sentiment increased to 0.86 in 2018 Q2. Its up 0.13, from 0.73 in 2018Q1. It increased, as 5 investors sold Avid Technology, Inc. shares while 30 reduced holdings. 11 funds opened positions while 19 raised stakes. 28.01 million shares or 0.50% less from 28.16 million shares in 2018Q1 were reported.
Cove Street Capital Limited Company owns 3.58% invested in Avid Technology, Inc. (NASDAQ:AVID) for 6.32M shares. Nomura Incorporated reported 0.01% of its portfolio in Avid Technology, Inc. (NASDAQ:AVID). Goldman Sachs Grp Incorporated stated it has 0% in Avid Technology, Inc. (NASDAQ:AVID). Rbf Lc holds 0.19% or 310,701 shares in its portfolio. Barclays Public Limited Company accumulated 0% or 26,814 shares. Morgan Stanley holds 0% of its portfolio in Avid Technology, Inc. (NASDAQ:AVID) for 92,289 shares. Moreover, Legal & General Group Public Ltd has 0% invested in Avid Technology, Inc. (NASDAQ:AVID) for 4,496 shares. Cap Investment Counsel reported 0.02% stake. Stevens First Principles Invest Advsr accumulated 0.02% or 7,000 shares. The Germany-based Deutsche Comml Bank Ag has invested 0% in Avid Technology, Inc. (NASDAQ:AVID). California State Teachers Retirement stated it has 42,053 shares or 0% of all its holdings. Parametric Associates Ltd Limited Liability Company, Washington-based fund reported 192,465 shares. Blum Cap Partners L P invested in 6.56 million shares. Bridgeway Cap Management stated it has 154,800 shares or 0.01% of all its holdings. Retail Bank Of Mellon holds 100,696 shares or 0% of its portfolio.

Since August 30, 2018, it had 0 insider buys, and 1 sale for $50,912 activity.

Analysts expect Avid Technology, Inc. (NASDAQ:AVID) to report $0.10 EPS on November, 8.They anticipate $0.06 EPS change or 150.00 % from last quarter’s $0.04 EPS. AVID’s profit would be $4.18M giving it 14.53 P/E if the $0.10 EPS is correct. After having $-0.12 EPS previously, Avid Technology, Inc.’s analysts see -183.33 % EPS growth. The stock increased 4.12% or $0.23 during the last trading session, reaching $5.81. About 242,837 shares traded or 10.48% up from the average. Avid Technology, Inc. (NASDAQ:AVID) has risen 32.25% since October 14, 2017 and is uptrending. It has outperformed by 16.63% the S&P500.

Avid Technology, Inc. develops, markets, sells, and supports software and hardware for digital media content production, management, and distribution worldwide. The company has market cap of $242.80 million. The firm offers professional video creative tools, such as Media Composer product line that is used to edit video content; NewsCutter option and iNews systems for news production; Avid Symphony option, which is used during post-production; and Media Composer | Cloud solution that enables broadcast news professionals to acquire, access, edit, and finish stories. It currently has negative earnings. It also offers media management solutions comprising Avid MediaCentral | UX Web and mobile apps that provide real-time access to media assets for media professional; and Avid Interplay asset management solutions, which offers network, storage, and database solutions to enable users to simultaneously share and manage media assets across a project or organization.

More notable recent Avid Technology, Inc. (NASDAQ:AVID) news were published by: Nasdaq.com which released: “Avid Delivers Major Innovations Across the IBC Show for Media Enterprises, Production Teams and Creative …” on September 14, 2018, also Nasdaq.com with their article: “Avid to Receive Engineering Emmy® Award for Pioneering Technology and Contributions to the Television Industry” published on October 03, 2018, Nasdaq.com published: “Avid Achieves Major Milestone with Over One Million User Downloads of Its First Family of Creative Tools” on September 15, 2018. More interesting news about Avid Technology, Inc. (NASDAQ:AVID) were released by: Nasdaq.com and their article: “Avid Expands VENUE | S6L Live Sound Platform, Delivers on Promise of Modularity and Scale” published on September 28, 2018 as well as Globenewswire.com‘s news article titled: “Avid and the Avid Customer Association Unveil 6th Annual Connect Conference and Launch Early Registration” with publication date: September 16, 2018.

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