avid technology inc
(AVID:Consolidated Issue Listed on Nasdaq Glbl Slct Mrkt)
avid technology inc (AVID) Snapshot
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Open
$7.01
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Previous Close
$6.99
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Day High
$7.07
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Day Low
$6.93
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52 Week High
09/19/12 - $10.04
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52 Week Low
10/31/12 - $5.85
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Market Cap
272.9M
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Average Volume 10 Days
94.0K
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EPS TTM
$-0.42
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Shares Outstanding
38.9M
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EX-Date
--
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P/E TM
--
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Dividend
--
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Dividend Yield
--
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Related News
avid technology inc (AVID) Related Businessweek News
No Related Businessweek News Foundavid technology inc (AVID) Details
Avid Technology, Inc. provides digital media content-creation products and solutions for audio, film, video, broadcast professionals, artists, and creative enthusiasts in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company offers various software and hardware professional video-editing solutions, including Media Composer product line, which is used to edit television programs, commercials, and films; NewsCutter and iNews Instinct editors for news production; and Avid Symphony Nitris DX and Avid DS, which are used during the online or finishing stage of post production. It also provides Pinnacle Studio and Avid Studio, which provide consumers and entry-level videographers with the ability to create professional-looking videos; broadcast newsroom graphics, ingest, play-to-air, and automation device control solutions that assist broadcasters as they bring programs from concept to air; and Avid ISIS shared storage system to store, share and manage large quantities of digital media assets. In addition, Avid Technology, Inc. offers Pro Tools digital audio software and workstation solutions that facilitate the audio production process; a range of complementary open audio and video control surfaces and consoles; ICON system for tactile control of Pro Tools software and hardware; VENUE, a family of console products for mixing audio for live sound reinforcement. Further, the company provides Fast Track recording interface products to deliver audio quality plus hands-on controls; MIDI keyboards/controllers and digital pianos, which are used by musicians in the recording studio and for live performances; speakers for use with desktop computer systems and in studios; and Sibelius-branded software allows users to create, edit, and publish musical scores. Additionally, it also offers project management, installation, integration, planning, training, and support services. The company was founded in 1987 and is headquartered in Burlington, Massachusetts.
avid technology inc (AVID) Top Compensated Officers
avid technology inc (AVID) Key Developments
Avid Technology, Inc. announced that After Mr. Gary Greenfield's departure as Chairman of the Board, Chief Executive Officer and President of the company, in February 2013, Mr. Greenfield continued on as a director of the company, with his term as director scheduled to expire at the company's 2013 annual meeting of stockholders. With the date for the 2013 Annual Meeting being delayed beyond the originally anticipated date, Mr. Greenfield has decided to resign from his position as director of the company so that he could attend to other commitments, and on May 15, 2013, Mr. Greenfield submitted his resignation as director effective immediately.
On 05/13/2013, Avid Technology, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
Avid(R) announced that John Frederick will become Avid's executive vice president, chief financial officer and chief administrative officer, effective immediately. Before joining Avid as chief of staff in February 2013, Mr. Frederick was corporate executive vice president and chief financial officer of Open Solutions, Inc. Ken Sexton will transition from his role as executive vice president, chief financial officer and chief administrative officer to become a consultant with the company. Earlier in his career, Mr. Frederick served as senior vice president and CFO of SafeNet, Inc. Additionally, he held a variety of senior financial, business planning, and analysis roles at organizations including AlliedSignal, now Honeywell, Time Warner Six Flags, Sunbeam Corporation, and Legrand North America.
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Industry Analysis
AVID
Industry Average
| Valuation | AVID | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.4x |
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| Price/Book | 0.8x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 0.3x |
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Post a JobJobs
- Heath, OH | Avid TechnologyPosted: May 07
- Burlington, MA | Avid TechnologiesPosted: May 18
- Daly City, CA | Avid TechnologyPosted: May 16
- Daly City, CA | Avid TechnologiesPosted: May 17
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