News headlines about Avid (NASDAQ:AVID) have trended somewhat negative this week, according to Accern Sentiment. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Avid earned a media sentiment score of -0.07 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 47.1867098868475 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Avid Dancer “Echoes” a blast from the past (earmilk.com)
- Zacks: Avid (AVID) Receives Consensus Rating of “Sell” from Analysts (americanbankingnews.com)
- Avid at NAB: New Subscription Pricing for Media Composer, Cloud Services On Demand, Nexis Expansions, and Some Nifty New Hardware (studiodaily.com)
- NAB 2018: Avid Unveils Latest Media Creation, Management And Distribution Innovations, More (sportsvideo.org)
- Avid Bioservices to Participate at INTERPHEX 2018 (markets.financialcontent.com)
Several equities analysts recently weighed in on the stock. ValuEngine lowered shares of Avid from a “buy” rating to a “hold” rating in a research report on Tuesday, April 3rd. Zacks Investment Research lowered shares of Avid from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 21st.
Shares of NASDAQ:AVID opened at $4.61 on Wednesday. The company has a debt-to-equity ratio of -0.76, a current ratio of 0.71 and a quick ratio of 0.54. The stock has a market cap of $183.76, a price-to-earnings ratio of 11.23 and a beta of 1.91. Avid has a twelve month low of $3.99 and a twelve month high of $7.65.
Avid (NASDAQ:AVID) last issued its earnings results on Thursday, March 15th. The technology company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.25). Avid had a negative return on equity of 3.59% and a negative net margin of 3.24%. The business had revenue of $107.30 million for the quarter, compared to the consensus estimate of $108.53 million. During the same quarter in the prior year, the business earned $0.13 EPS. Avid’s revenue for the quarter was down 6.9% compared to the same quarter last year. analysts predict that Avid will post 0.09 EPS for the current fiscal year.
Avid Technology, Inc develops, markets, sells, and supports software, hardware, and integrated solutions for video and audio content creation, management, and distribution worldwide. The company's video products and solutions include the Media Composer product line that is used to edit film, television programming, news broadcasts, commercials, and other video content; Avid shared storage systems and Avid Interplay asset management solutions, which provide complete network, storage, and database solutions to enable users to simultaneously share and manage media assets throughout a project or organization.
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