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AVID

Avid Technology

$7.77

0.18 (2.37%)

16:18
11/19/19
11/19
16:18
11/19/19
16:18

Avid Technology sees FY20 adjusted EBITDA $66M-$74M

Sees FY20 free cash flow $27M-$35M.

  • 22

    Nov

AVID Avid Technology
$7.77

0.18 (2.37%)

05/01/19
MAXM
05/01/19
INITIATION
Target $14
MAXM
Buy
Avid Technology initiated with a Buy at Maxim
Maxim analyst Nehal Chokshi initiated Avid Technology with a Buy rating and a price target of $14, saying the company's "sustainable technology advantage" has made it a "dominant" content creation and editing leader. The analyst sees Avid Technology remaining on track to increase its recurring revenue to 70% of total thanks to its strong brand.
05/01/19
05/01/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Lyft (LYFT) initiated with a Buy at Tigress Financial. 2. Waste Management (WM) and Republic Services (RSG) were initiated with a Sector Perform at RBC Capital. 3. Identiv (INVE) initiated with an Outperform at Oppenheimer. 4. The Stars Group (TSG) initiated with an Equal Weight at Morgan Stanley. 5. Avid Technology (AVID) initiated with a Buy at Maxim. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
06/07/19
JEFF
06/07/19
NO CHANGE
Target $8.5
JEFF
Hold
Avid Technology price target raised to $8.50 from $6.50 at Jefferies
Jefferies analyst Samad Samana raised his price target for Avid Technology to $8.50 from $6.50 while maintaining a Hold rating on the shares. The analyst continues to see the company's fiscal 2019 guidance as achievable. The recent news that the U.S. might impose tariffs on Mexico has led to questions from investors about the potential impact, Samana tells investors in a research note. He estimates a 5% tariff level would only have a minimal impact on the overall expected savings projected by Avid Technology. The company previously guided to $10M of annualized savings as a result of its supply chain transition to a supplier in Mexico, notes Samana.
11/15/19
RILY
11/15/19
INITIATION
Target $10
RILY
Buy
Avid Technology initiated with a Buy at B. Riley FBR
B. Riley FBR initiated coverage of Avid Technology with a Buy rating and $10 price target.

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