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Avid Technology, Inc. engages in the provision of technology services for media and entertainment industry. It develops, markets, sells, and supports software and integrated solutions for video and audio content creation, management and distribution. Read More The company was founded by William J. Warner in September 1987 and is headquartered in Burlington, MA.
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Yahoo FinanceMar 18
Avid Technology Reports a Promising Quarter and 2019 Guidance, Analyst Review
NEW YORK, NY / ACCESSWIRE / March 18, 2019 / Traders News Source, a leading independent equity research and corporate access firm focused on small and mid-cap public companies is issuing a comprehensive report on Avid Technology, Inc.
The Motley FoolMar 15
Why Avid Technology Shares Skyrocketed Today
What happened Shares of Avid Technology (NASDAQ:AVID) have skyrocketed today, up by 26% as of 11:45 a.m. EST, after the company reported fourth-quarter earnings results. The multimedia technology provider swung to a profit and reaffirmed its 2019 guidance. So what Revenue in the fourth quarter rose 5% to $112.7 million, while non-GAAP gross margin expanded by nearly 5 full percentage points to 60.8%. Software revenue from subscriptions jumped 77%, and e-commerce sales increased over 50%. That all transla...
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