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Avid Technology has had a rough few years from a revenue perspective, but profits and cash flows have been rising nicely. AVID continues to benefit from a transition to high-margin subscriptions as other portions of the enterprise decline.
Avid Technology, Inc. (NASDAQ:AVID ) Q2 2022 Earnings Conference Call August 2, 2022 5:30 PM ET Corporate Participants Whit Rappole - Vice President-Corporate Development and Investor Relations Jeff Rosica - President and Chief Executive Officer Ken Gayron - Executive Vice President and Chief Financial Officer Conference Call Participants Josh Nichols - B. Riley Securities Nehal Chokshi - Northland Securities Paul Chung - JPMorgan Steve Frankel - Rosenblatt Securities Samad Samana - Jefferies Jack Vander Aarde - Maxim Whit Rappole Good afternoon, ladies and gentlemen and welcome to Avid Technology's Second Quarter 2022 Earnings Conference Call for the period ended June 30, 2022.
Avid (AVID) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Avid (AVID) is well positioned to outperform the market, as it exhibits above-average growth in financials.
Avid recently reported its Q1 2022 earnings and the stock plummeted 20%. Guidance for the next quarter slightly missed estimate but management re-affirmed full year guidance.
The company warned of uneven operating results in the near term due to supply chain disruptions.
Avid Technology, Inc. (NASDAQ:AVID ) Q1 2022 Earnings Conference Call May 4, 2022 5:30 PM ET Company Participants Whit Rappole - Vice President-Corporate Development & Investor Relations Jeff Rosica - Chief Executive Officer & President Ken Gayron - Executive Vice President & Chief Financial Officer Conference Call Participants Nehal Chokshi - Northland Securities Samad Samana - Jefferies Jack Vander Aarde - Maxim Group Josh Nichols - B. Riley Securities Whit Rappole Good afternoon, ladies and gentlemen and welcome to Avid Technology's First Quarter 2022 Earnings Conference Call for the period ended March 31, 2022.
Avid (AVID) delivered earnings and revenue surprises of -2.94% and 2.35%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?