Earnings Forecast Research on Avid Technology, Inc. (AVID)

Avid Technology, Inc. has received $0.15 as the consensus Earnings Estimate for the Quarter ending on Dec 2016 ,According to the estimate provided by 2 Financial Advisor in the Stock Trading Firms. Among 2 Analysts, Bottom line EPS Estimate for the current quarter is $0.09 while the top line estimate is $0.21 , a key information to consider for Day Trading and investing in stocks. The EPS growth rate is projected at 66.67%.

In the last quarter, Avid Technology, Inc. reported Annual Earnings of $0.42. Based on the filings, last years Annual Earnings was, $0.47. In the last Quarter, AVID reported a surprise Earnings per Share of 0% . The consensus estimate for current quarter is $0.15 and for the current fiscal year, the estimate is $1.52. For the Next fiscal year, the estimate is $0.13 based on the consensus.

Avid Technology, Inc. (NASDAQ:AVID) : On Tuesday heightened volatility was witnessed in Avid Technology, Inc. (NASDAQ:AVID) which led to swings in the share price. The stock opened for trading at $5.32 and hit $5.85 on the upside , eventually ending the session at $5.35, with a gain of 6.36% or 0.32 points. The heightened volatility saw the trading volume jump to 1,995,224 shares. The 52-week high of the share price is $9.7766 and the company has a market cap of $217 million. The 52-week low of the share price is at $3.99 .

Avid Technology, Inc. develops, markets, sells and supports a wide range of software and systems for creating and manipulating digital media content. Digital media are media elements, whether video or audio or graphics, in which the image, sound or picture is recorded and stored as digital values, as opposed to analog signals. The companys systems are designed to improve the productivity of video and film editors by enabling them to edit moving pictures and sound in a faster, easier, and more cost-effective manner than traditional analog tape-based systems.

Avid

Share this post

Leave a Reply