Avid (AVID) Receives News Impact Rating of -0.10

News articles about Avid (NASDAQ:AVID) have been trending somewhat negative recently, according to Accern. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Avid earned a media sentiment score of -0.10 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 45.5646552346081 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the media stories that may have impacted Accern Sentiment’s rankings:

NASDAQ AVID opened at $4.54 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.54 and a debt-to-equity ratio of -0.76. The firm has a market capitalization of $185.00, a price-to-earnings ratio of 11.35 and a beta of 1.91. Avid has a one year low of $3.99 and a one year high of $7.65.

Avid (NASDAQ:AVID) last issued its earnings results on Thursday, March 15th. The technology company reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.25). The firm had revenue of $107.30 million during the quarter, compared to analysts’ expectations of $108.53 million. Avid had a negative net margin of 3.24% and a negative return on equity of 3.59%. The firm’s revenue was down 6.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.13 EPS. equities analysts anticipate that Avid will post 0.09 earnings per share for the current year.

Several equities analysts have commented on the stock. ValuEngine cut shares of Avid from a “buy” rating to a “hold” rating in a research report on Tuesday. Dougherty & Co cut shares of Avid from a “neutral” rating to a “sell” rating and set a $4.50 price objective for the company. in a research report on Thursday, December 7th. Finally, Zacks Investment Research lowered shares of Avid from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 21st.

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About Avid

Avid Technology, Inc develops, markets, sells, and supports software, hardware, and integrated solutions for video and audio content creation, management, and distribution worldwide. The company's video products and solutions include the Media Composer product line that is used to edit film, television programming, news broadcasts, commercials, and other video content; Avid shared storage systems and Avid Interplay asset management solutions, which provide complete network, storage, and database solutions to enable users to simultaneously share and manage media assets throughout a project or organization.

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