AVID Stock Recent News

Shares of video and audio editing software maker Avid Technology Inc. AVID, +19.15% jumped Wednesday following a report the company has hired Goldman Sachs to explore a potential sale. Avid shares rallied as much as 18% following Reuters' reporting of the matter, citing unnamed sources close to the proceedings.

BURLINGTON, Mass., May 18, 2023 (GLOBE NEWSWIRE) -- Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, today announced that Jeff Rosica, its Chief Executive Officer and President, and Ken Gayron, its Executive Vice President and Chief Financial Officer, will be participating in two upcoming investor conferences.

Avid Technology (AVID) launches its latest pro tools to provide post-production audio facilities, improving the growing pro tools community capabilities.

Avid Technology, Inc. (NASDAQ:AVID ) Q4 2022 Earnings Conference Call March 1, 2023 5:30 PM ET Company Participants Whit Rappole – Vice President Corporate Development and Investor Relations Jeff Rosica – Chief Executive Officer and President Ken Gayron – Chief Financial Officer and EVP Conference Call Participants Josh Nichols – B. Riley Jeremy Sahler – Jefferies Nehal Chokshi – Northland Paul Chung – JPMorgan Jack Vander Aarde – Maxim Whit Rappole [Call Starts Abruptly] Jeff Rosica, our Chief Executive Officer and President; and Ken Gayron, our Chief Financial Officer and EVP.

Avid (AVID) delivered earnings and revenue surprises of -4.26% and 1.76%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

BURLINGTON, Mass., Feb. 27, 2023 (GLOBE NEWSWIRE) -- Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, announced today that Jeff Rosica, Chief Executive Officer and President, and Ken Gayron, Chief Financial Officer and Executive Vice President, will host a conference call on Wednesday, March 1, 2023, at 5:30 p.m. ET to discuss the company's earnings for the fourth quarter and full-year 2022, ended Dec. 31, 2022, which will be published after the market closes that day. Investors are invited to register for the Zoom video webinar by visiting https://ir.avid.com/events-and-presentations.

YoY growth slows as integrated solutions drags on results due to supply chain issues. While some common electronic components are becoming more available, many are still scarce, and as of the last earnings, management expects problems till mid-2023.

Avid is like Microsoft Excel for video and music. Except working on media is far more complex than sharing spreadsheets. Avid is a high-quality company. Their moat stems from their collaboration tools, which increase switching costs and keep users captive to the platform.

Avid Technology, Inc. (NASDAQ:AVID ) Q3 2022 Earnings Conference Call November 8, 2022 5:30 PM ET Company Participants Whit Rappole - VP, Corporate Development and IR Jeff Rosica - President and CEO Ken Gayron - EVP and CFO Conference Call Participants Jack Vander Aarde - Maxim Group Jeremy Sandler - Jefferies Nehal Chokshi - Northland Steve Frankel - Rosenblatt Securities Josh Nichols - B. Riley Securities FBR Paul Chung - JPMorgan Whit Rappole Good afternoon, ladies and gentlemen and welcome to Avid Technology's Third Quarter 2022 Earnings Conference Call for the period ended September 30, 2022.

AVID launches next-gen Maestro, a new subscription-based software solution for real-time broadcast television graphics.