Avid Technology Inc reports results for the quarter ended in September - Earnings Summary

Avid Technology

10/11/2021 04:24

* Avid Technology Inc  AVID.OQ  reported quarterly adjusted
earnings of 27 cents​​ per share for the quarter ended in
September. The mean expectation of five analysts for the quarter
was for earnings of 25 cents per share.
* Revenue rose 12.4% to $101.64 million from a year ago; 
analysts expected $96.69 million. 
* Avid Technology Inc's reported EPS for the quarter was 32
cents​.
* The mean earnings estimate of analysts was unchanged in the
last three months.​ 
* In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
* Avid Technology Inc shares had risen by 0.3% this quarter and
gained 82.7% so far this year.
* The company reported quarterly net income of $14.78 million.
* Wall Street's median 12-month price target for Avid Technology
Inc is $45.00 
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
This summary was machine generated November 10 at 04:24 a.m.
 ​All figures in US dollars unless otherwise stated