News stories about Avid Technology (OTCMKTS:AVID) have been trending somewhat positive this week, according to Alpha One Sentiment Analysis. The research group, a unit of Accern, ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Avid Technology earned a coverage optimism score of 0.04 on Alpha One’s scale. Alpha One also gave media stories about the technology company an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have effected Alpha One Sentiment Analysis’s rankings:
- ETFs with exposure to Avid Technology, Inc. : June 16, 2017 (finance.yahoo.com)
- Avid MetaFuze v2.5 User’s Guide.pdf (scribd.com)
- Outstanding Analyst Ratings For Clarkson (LON:CKN) (badhub.net)
- Insider Buying: Avid Technology, Inc. (AVID) CEO Purchases 141,447 Shares of Stock (americanbankingnews.com)
- Avid VENUE | S6L Powers Red Hot Chili Peppers World Tour (finance.yahoo.com)
Avid Technology (OTCMKTS:AVID) traded down 2.14% on Friday, hitting $5.03. The stock had a trading volume of 397,130 shares. The firm has a market capitalization of $205.59 million and a price-to-earnings ratio of 8.09. The company’s 50 day moving average is $5.28 and its 200-day moving average is $5.03. Avid Technology has a 1-year low of $3.99 and a 1-year high of $9.78.
Avid Technology (OTCMKTS:AVID) last issued its quarterly earnings data on Wednesday, May 10th. The technology company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.05 by $0.03. The company had revenue of $104.10 million for the quarter, compared to the consensus estimate of $105.72 million. During the same quarter last year, the company posted $0.76 earnings per share. The firm’s revenue was down 27.5% compared to the same quarter last year. On average, analysts forecast that Avid Technology will post $0.35 EPS for the current year.
A number of research firms have recently weighed in on AVID. ValuEngine downgraded Avid Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. Zacks Investment Research downgraded Avid Technology from a “buy” rating to a “hold” rating in a research note on Monday, May 29th.
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In related news, insider Ryan H. Murray sold 9,500 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $5.13, for a total value of $48,735.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Louis Hernandez, Jr. bought 141,447 shares of the company’s stock in a transaction that occurred on Tuesday, June 13th. The stock was purchased at an average price of $5.00 per share, for a total transaction of $707,235.00. The disclosure for this purchase can be found here.
About Avid Technology
Avid Technology, Inc is a provider of an open and integrated technology platform, along with applications and services that enable the creation, distribution and monetization of audio and video content. The Company develops, markets, sells and supports software and hardware for digital media content production, management, secured content storage and distribution.
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