Avid Technology Inc chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 9.39
Dividend & YieldN/A$ (N/A)
Beta 1.27
Market capitalization 1.16B
Operating cash flow 52.63M
ESG Scores unknown

Company description

Avid Technology, Inc., together with its subsidiaries, develops, markets, sells, and supports software and integrated solutions for video and audio content creation, management, and distribution worldwide. The company's video products and solutions include the Media Composer, a cloud-enabled solution used to edit video content; Avid NEXIS shared storage systems; Maestro solutions for the integration of virtual sets, augmented reality, and video wall control into existing workflows; AirSpeed 5000 and AirSpeed 5500 on-air server solutions; and MediaCentral, a media production suite. Its audio products and solutions comprise Pro Tools digital audio software solutions to facilitate the audio production process; Sibelius solution to create, edit, and publish musical scores; S6 line of complementary control surfaces and consoles; S1 and S4 audio control surfaces; and VENUE | S6L live sound system for mixing audio for live sound reinforcement. The company also provides Avid Link, a mobile application to connect with other artists, producers, mixers, composers, editors, videographers, movie makers, and graphic designers; FastServe video server that assists broadcasters in making the move to UHD and IP based workflows with a new and modular architecture; and hardware products, such as I/O devices, interfaces, and audio and video processing equipment. In addition, it offers various maintenance contracts and support services; professional services, such as workflow design and consulting, program and project management, system installation and commissioning, and custom development and role-based product level training; and public and private training to customers and alliance partners, as well as develops and licenses curriculum content for use by third party Avid Learning partners to deliver training to customers, users, and alliance partners. The company was incorporated in 1987 and is headquartered in Burlington, Massachusetts.

Sector: Technology - Industry: Software—Application

Financial Ratios
Quick Ratio0.82
Working Capital-2.79
Return On Equity-0.33
Debt To Equity-1.3
Fixed Asset Ratio15.36
Fixed Interest Cover6.62

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities 13k -4.16M -15.87M -2.96M
Total Cashflows From Investing Activities -9.92M -7.18M -5.69M -6.82M
Net Borrowings 4.24M 1.58M -23.32M -30.46M
Total Cash From Financing Activities 2.54M -7.64M -24.55M -77.73M
Change To Operating Activities -3.02M -6.94M 16.61M -1.09M
Issuance Of Stock 355k 309k 547k 808k
Net Income -10.67M 7.6M 11.06M 41.39M
Change In Cash 7.66M 4.48M 11.06M -23.08M
Effect Of Exchange Rate -780k -331k 1.75M -1.02M
Total Cash From Operating Activities 15.82M 19.64M 39.55M 62.49M
Depreciation 13.34M 8M 5.41M 5.15M
Change To Account Receivables -6.69M -6.23M -6.12M 875k
Other Cashflows From Financing Activities -1.06M -5.95M 586k -3.74M
Change To Netincome 15.56M 11.85M 23.06M 10.17M
Capital Expenditures -9.94M -7.18M -5.69M -6.82M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development 62.38M 62.34M 57.02M 65.56M
Income Before Tax -9.4M 2.52M 12.43M 43.95M
Net Income -10.67M 7.6M 11.06M 41.39M
Selling General Administrative 156.5M 153.31M 134.69M 152.87M
Gross Profit 246.96M 252.81M 228.32M 265.8M
Ebit 18.83M 32.73M 36.61M 47.38M
Operating Income 18.83M 32.73M 36.61M 47.38M
Interest Expense -23.47M -26.71M -20.07M -7.16M
Income Tax Expense 1.27M -5.08M 1.37M 2.57M
Total Revenue 413.28M 411.79M 360.47M 409.94M
Cost Of Revenue 166.32M 158.97M 132.15M 144.14M
Total Other Income ExpenseNet -28.23M -30.21M -24.18M -3.42M
Net Income From Continuing Ops -10.67M 7.6M 11.06M 41.39M
Net Income Applicable To Common Shares -10.67M 7.6M 11.06M 41.39M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 432.5M 459.38M 438.06M 398.07M
Total Stockholder Equity -166.66M -155.09M -132.92M -124.07M
Other Current Liabilities 120.67M 113.07M 121.59M 116.38M
Total Assets 265.84M 304.29M 305.14M 274M
Common Stock 423k 430k 442k 455k
Other Current Assets 14.42M 7.79M 3.79M 4.37M
Retained Earnings -1.19B -1.18B -1.17B -1.13B
Treasury Stock -9M -3.93M -1.68M -29.2M
Cash 56.1M 69.08M 79.9M 56.82M
Total Current Liabilities 187.67M 212.26M 187.77M 197.37M
Other Stockholder Equity -3.77M -3.93M -1.68M -4.11M
Property, Plant, and Equipment 21.58M 49.33M 46.24M 40.17M
Total Current Assets 196.6M 208.73M 213.49M 182.52M
Net Tangible Assets -203.74M -187.73M -165.57M -156.72M
Net Receivables 84.27M 93.27M 97.19M 95.95M
Accounts Payable 39.24M 39.89M 21.82M 26.85M


Insider Transactions

Here are the insider transactions of stock shares related to Avid Technology Inc:

Filer Name Transaction Text Ownership Date Filer Relation Shares
CORDINER TOM J.A.Sale at price 27.90 per share.D2022-11-22Officer29.98k
HAWTHORNE NANCYStock Gift at price 0.00 per share.D2022-11-16Director730
TOOMEY DAVIDStock Award(Grant) at price 0.00 per share.D2022-09-15Officer25.23k
VICTORIA MARIESAStock Award(Grant) at price 0.00 per share.D2022-07-11Officer7.79k
CORDINER TOM J.A.Sale at price 25.63 per share.D2022-06-15Officer9.92k
HAWTHORNE NANCYStock Award(Grant) at price 0.00 per share.D2022-05-18Director6.24k
BAKISH ROBERT MStock Award(Grant) at price 0.00 per share.D2022-05-18Director6.24k
BOGGS PAULA ELAINEStock Award(Grant) at price 0.00 per share.D2022-05-18Director6.24k
DALEY ELIZABETH MStock Award(Grant) at price 0.00 per share.D2022-05-18Director6.24k
SILVERS DANIEL BStock Award(Grant) at price 0.00 per share.D2022-05-18Director6.24k
WESTLEY PETER MStock Award(Grant) at price 0.00 per share.D2022-05-18Chairman of the Board6.24k
WALLACE JOHN PStock Award(Grant) at price 0.00 per share.D2022-05-18Director6.24k
ASMAR CHRISTIAN A.Stock Award(Grant) at price 0.00 per share.D2022-05-18Director and Beneficial Owner of more than 10% of a Class of Security6.24k
ASMAR CHRISTIAN A.Purchase at price 24.73 per share.I2022-05-16Director and Beneficial Owner of more than 10% of a Class of Security250k
ROSICA JEFFStock Award(Grant) at price 0.00 per share.D2022-03-16Chief Executive Officer70.76k
RILEY KEVIN WStock Award(Grant) at price 0.00 per share.D2022-03-16Chief Technology Officer15.12k
RUZICKA DANA JStock Award(Grant) at price 0.00 per share.D2022-03-16Officer31.05k
GAYRON KENNETH LStock Award(Grant) at price 0.00 per share.D2022-03-16Chief Financial Officer51.88k
CORDINER TOM J.A.Stock Award(Grant) at price 0.00 per share.D2022-03-16Officer33.75k
BROWN GARRARDStock Award(Grant) at price 0.00 per share.D2022-03-16Officer7.64k
CLAMAN TIMOTHYStock Award(Grant) at price 0.00 per share.D2022-03-16Officer11.95k
NETZER LIORStock Award(Grant) at price 0.00 per share.D2022-03-16Officer12.62k
ROSICA JEFFConversion of Exercise of derivative security at price 29.60 per share.D2022-03-15Chief Executive Officer69.41k
RILEY KEVIN WConversion of Exercise of derivative security at price 29.60 per share.D2022-03-15Chief Technology Officer4.6k
RUZICKA DANA JConversion of Exercise of derivative security at price 29.60 per share.D2022-03-15Officer39.76k
GAYRON KENNETH LSale at price 28.89 per share.D2022-03-15Chief Financial Officer5.5k
GAYRON KENNETH LConversion of Exercise of derivative security at price 29.60 per share.D2022-03-15Chief Financial Officer66.9k
CORDINER TOM J.A.Sale at price 28.83 per share.D2022-03-15Officer19.68k
CORDINER TOM J.A.Conversion of Exercise of derivative security at price 29.60 per share.D2022-03-15Officer41.86k
BROWN GARRARDConversion of Exercise of derivative security at price 29.60 per share.D2022-03-15Officer7.26k
CLAMAN TIMOTHYConversion of Exercise of derivative security at price 29.60 per share.D2022-03-15Officer3.06k
NETZER LIORConversion of Exercise of derivative security at price 29.60 per share.D2022-03-15Officer4.6k
RUZICKA DANA JSale at price 27.67 per share.D2022-03-14Officer23k
HAWTHORNE NANCYSale at price 30.09 per share.D2021-12-17Director5.22k
HAWTHORNE NANCYStock Gift at price 0.00 per share.D2021-12-16Director775
HAWTHORNE NANCYSale at price 30.52 per share.D2021-12-14Director5.22k
HAWTHORNE NANCYSale at price 32.31 - 33.30 per share.D2021-12-10Director5.22k
CORDINER TOM J.A.Sale at price 34.54 per share.D2021-11-17Officer19.5k
GAYRON KENNETH LSale at price 34.14 per share.D2021-11-16Chief Financial Officer2.5k
HAWTHORNE NANCYSale at price 25.96 per share.D2021-09-01Director1.25k
BAKISH ROBERT MSale at price 27.50 per share.D2021-08-24Director214
BAKISH ROBERT MSale at price 27.83 per share.D2021-08-18Director5.84k
BAKISH ROBERT MSale at price 27.55 - 27.65 per share.D2021-08-17Director7.53k
HAWTHORNE NANCYSale at price 37.44 per share.D2021-08-02Director1.25k
BAKISH ROBERT MSale at price 35.03 - 37.37 per share.D2021-07-27Director20.29k
BAKISH ROBERT MSale at price 36.62 - 37.24 per share.D2021-07-23Director27.37k
BAKISH ROBERT MSale at price 36.89 - 37.64 per share.D2021-07-21Director29.32k
BAKISH ROBERT MSale at price 35.85 - 38.09 per share.D2021-07-19Director43.02k
HAWTHORNE NANCYSale at price 39.54 per share.D2021-07-01Director1.25k
HAWTHORNE NANCYSale at price 31.03 per share.D2021-06-01Director1.25k
CORDINER TOM J.A.Sale at price 30.81 per share.D2021-05-21Officer7.02k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Avid Technology Inc. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Avid Technology Inc

Here is the result of two systematic investment strategies applied to Avid Technology Inc. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Avid Technology Inc

The following chart shows the equity curve of the two systematic investment strategies applied to Avid Technology Inc:

Avid Technology Inc automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 286.88% on the backtest period.

Performance at glance

Performance

286.88 %

Latent gain

5010.75 $

Invested capital

1746.65 $

Annualized return

69.97 %
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Momentum strategy results on Avid Technology Inc

This is the result of two momentum investment strategies applied to Avid Technology Inc. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Avid Technology Inc

The following chart shows all the entries opened by the momentum investment system on Avid Technology Inc:

Avid Technology Inc momentum entries
  • The first momentum investment strategy would give 336.02% of return on Avid Technology Inc. That represents 15849.24$ of latent gain with 4716.76$ of employed capital.
  • The second momentum investment strategy would give 411.38% of return on Avid Technology Inc. That represents 7161.34$ of latent gain with 1740.8$ of employed capital.
Performance at glance (1Q Momentum)

Performance

336.02 %

Latent gain

15849.24 $

Invested capital

4716.76 $

Annualized return

187.68 %
Performance at glance (2Q Momentum)

Performance

411.38 %

Latent gain

7161.34 $

Invested capital

1740.8 $

Annualized return

113.64 %

Momentum equity curve on Avid Technology Inc

The following chart shows the equity curve of the two momentum strategies applied to Avid Technology Inc:

Avid Technology Inc momentum equity

Note: the dividends potentially given by Avid Technology Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Avid Technology Inc

The following chart shows the employed capital evolution of the two momentum strategies on Avid Technology Inc since the beginning:

Avid Technology Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Avid Technology Inc

Buy the dip entry openings on Avid Technology Inc

Avid Technology Inc

The performance achieved by the robo-advisor on Avid Technology Inc is 394.12%. That represents 3936.93$ of latent gain with 998.91$ of employed capital. The following chart shows Avid Technology Inc stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Avid Technology Inc, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

394.12 %

Latent gain

3936.93 $

Invested capital

998.91 $

Annualized return

187.68 %

Equity curve of the strategy applied to Avid Technology Inc

The following chart shows the result of the investment strategy applied to Avid Technology Inc:

Avid Technology Inc

Note: the dividends potentially given by Avid Technology Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Avid Technology Inc

The following chart shows the employed capital evolution since the beginning of the investment strategy on Avid Technology Inc:

Avid Technology Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Avid Technology Inc

In this section, I will compare the three previous investment strategies applied to Avid Technology Inc.

Equity curve comparison on Avid Technology Inc

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Avid Technology Inc investment strategy comparison

Employed capital comparison on Avid Technology Inc

Avid Technology Inc investment comparison

Performance comparison on Avid Technology Inc

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 286.88% 5010.75$ 1746.65$ 69.97%
Momentum 1 quarter 336.02% 15849.24$ 4716.76$ 87.05%
Momentum 2 quarters 411.38% 7161.34$ 1740.8$ 113.64%
Non-directional 394.12% 3936.93$ 998.91$ 187.68%
Annualized return comparison

Automatic investment

69.97 %

Momentum 1Q

113.64 %

Momentum 2Q

113.64 %

Non-directional

187.68 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Avid Technology Inc:

Positive correlations

Most correlated stocks this year

  • Avid Technology Inc

  • Most correlated stocks last 3 months

  • Investors Title Company
  • Waterstone Financial Inc
  • CHINA 33MEDIA
  • Cambridge Bancorp
  • Great Elm Capital Corp
  • Organogenesis Holdings Inc - Class A
  • Signet Jewelers Ltd
  • American National Bankshares Inc
  • Northrim Bancorp Inc
  • HNI Corp
  • Preformed Line Products Company
  • NL Industries Inc
  • Party City Holdco Inc
  • National Cinemedia Inc
  • BlackRock Capital Investment Corp
  • Merchants Bancorp
  • Northwest Bancshares Inc
  • Live Oak Bancshares Inc
  • Peapack-Gladstone Financial Corp
  • H&R Block Inc
  • South Jersey Industries Inc
  • Crown Crafts Inc
  • CNO Financial Group Inc
  • Dave & Buster`s Entertainment Inc
  • Designer Brands Inc - Class A
  • Entravision Communications Corp - Class A
  • Invacare Corp
  • Tenneco Inc - Class A
  • Evogene Ltd
  • Service Properties Trust
  • Ebix Inc
  • Extreme Networks Inc
  • Cadence Bancorporation - Class A
  • Carlisle Companies Inc
  • Albany International Corp - Class A
  • OneMain Holdings Inc
  • Watts Water Technologies Inc - Class A
  • Southern First Bancshares Inc
  • Pathward Financial Inc
  • Synchrony Financial
  • EchoStar Corp - Class A
  • Ryman Hospitality Properties Inc
  • U.S. Silica Holdings Inc
  • Helix Energy Solutions Group Inc
  • Ducommun Inc
  • EDAP TMS S.A.
  • Dillard`s Inc - Class A
  • Select Energy Services Inc - Class A
  • First Northwest Bancorp
  • Cumulus Media Inc - Class A
  • Southern Missouri Bancorp Inc
  • Estee Lauder Cos. Inc - Class A
  • THARISA PLC ORD USD0.001 (DI)
  • Golden Entertainment Inc
  • Avid Technology Inc
  • PlayAGS Inc
  • Golar Lng
  • Global X SuperDividend REIT ETF
  • UBS AG London Branch
  • Sysco Corp
  • iStar Inc
  • Glaukos Corporation
  • Grupo Aeroportuario Del Pacifico SAB de CV
  • PARK LAWN CORPORATION

  • Negative correlation

    Most negatively correlated stocks this year


    Most negatively correlated stocks last 3 months


    Note: The algorithm computes the probability of correlation between Avid Technology Inc and the other stocks. There may be false positives or some missing correlated stocks. If the price of Avid Technology Inc does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name Avid Technology Inc
    Country United States
    City Burlington
    Address 75 Network Drive
    Phone 978 640 6789
    Website www.avid.com
    FullTime employees 1405
    Industry Software—Application
    Sector Technology
    Exchange XNAS
    Ticker AVID
    Market www.nasdaq.com

    Avid Technology Inc ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown