Avid Technology (AVID) Stock

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Avid Bioservices, Inc. (NasdaqCM: CDMO) to funds managed by GHO Capital Partners LLP and Ampersand Capital Partners. Under the terms of the proposed transaction, shareholders of Avid will receive $12.50 in cash for each share of Avid that they own. KSF is seeking to determine whether this consideration and the.

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Avid Bioservices, Inc. (NasdaqCM: CDMO) to funds managed by GHO Capital Partners LLP and Ampersand Capital Partners. Under the terms of the proposed transaction, shareholders of Avid will receive $12.50 in cash for each share of Avid that they own. KSF is seeking to determine whether this consideration and the.

2023 has been a big year for live music, driven by the phenomenal success of Taylor Swift's Eras tour, Beyoncé's Renaissance tour and, last week, U2's eagerly-anticipated opening of new Las Vegas venue Sphere.

Avid Technology (AVID) came out with quarterly earnings of $0.22 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.26 per share a year ago.

Although the revenue and EPS for Avid (AVID) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

BURLINGTON, Mass., Aug. 03, 2023 (GLOBE NEWSWIRE) -- Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, announced today that Jeff Rosica, Chief Executive Officer and President, and Ken Gayron, Chief Financial Officer and Executive Vice President, will host a conference call on Wednesday, August 9, 2023, at 5:30 p.m. ET to discuss the company's earnings for the second quarter of 2023, ended June 30, 2023, which will be published after the market closes that day. Investors are invited to register for the Zoom video webinar by visiting https://ir.avid.com/events-and-presentations. A replay will be available for a limited time by visiting the Events & Presentations page on Avid's investor relations website.

The ARRs continue to develop quite well, but EBITDA is being hit by issues on integrated solutions, which is seeing delivery delays. When supply chain bottlenecks there loosen, we'll see more hardware maintenance revenue too and some operating leverage, although the integrated solutions GM is weaker now. Enterprise conversions and wins are driving up per seat revenues, which is helpful, and there are iterations and additions to the Pro Tools product that help drive engagement.

Avid Technology (AVID) unveils its latest pro tools updates with new track widths and expanded immersive mixing workflows, improving the growing pro tools community experience.

A media report said the video and audio editing software specialist has put itself up for sale. It wasn't clear what price it's aiming to fetch.