Avid (AVID) Earns Media Sentiment Rating of 0.03

News coverage about Avid (NASDAQ:AVID) has been trending somewhat positive on Sunday, Accern reports. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public 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 0.03 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 47.2917278021352 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

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

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Avid stock traded down $0.11 during mid-day trading on Friday, hitting $4.43. 107,254 shares of the stock were exchanged, compared to its average volume of 264,628. The company has a debt-to-equity ratio of -0.76, a quick ratio of 0.54 and a current ratio of 0.71. Avid has a 12 month low of $3.99 and a 12 month high of $7.65. The firm has a market cap of $183.76, a price-to-earnings ratio of 11.08 and a beta of 1.91.

Avid (NASDAQ:AVID) last released its quarterly earnings data on Thursday, March 15th. The technology company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.25). The company had revenue of $107.30 million during the quarter, compared to the consensus estimate of $108.53 million. Avid had a negative net margin of 3.24% and a negative return on equity of 3.59%. The business’s revenue was down 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.13 EPS. equities research analysts predict that Avid will post 0.09 EPS for the current fiscal year.

Several research firms have issued reports on AVID. ValuEngine lowered shares of Avid from a “buy” rating to a “hold” rating in a report on Tuesday, April 3rd. Zacks Investment Research lowered shares of Avid from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 21st.

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Avid Company Profile

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.

Insider Buying and Selling by Quarter for Avid (NASDAQ:AVID)

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