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Avid Technology Inc (AVID.OQ)

AVID.OQ on NASDAQ Stock Exchange Global Select Market

10.18USD
16 Jul 2019
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Latest Key Developments (Source: Significant Developments)

Jeffrey Bronchick Cuts Share Stake In Avid Technology To 7.89% As Of May 13 From A Stake Of 9.79% As Of April 24
Tuesday, 14 May 2019 

May 14 (Reuters) - Avid Technology Inc ::JEFFREY BRONCHICK CUTS SHARE STAKE IN AVID TECHNOLOGY INC TO 7.89 PERCENT AS OF MAY 13 FROM A STAKE OF 9.79 PERCENT AS OF APRIL 24 - SEC FILING.  Full Article

Jeffrey Bronchick Cuts Stake In Avid Technology Inc To 9.79 Percent As Of April 24
Thursday, 25 Apr 2019 

April 25 (Reuters) - Avid Technology Inc ::JEFFREY BRONCHICK CUTS SHARE STAKE IN AVID TECHNOLOGY INC TO 9.79 PERCENT AS OF APRIL 24 FROM A STAKE OF 11.2 PERCENT AS OF APRIL 5 - SEC FILING.  Full Article

Avid Technology Announces Cash Tender Offer For Any And All Of Its 2.00% Senior Convertible Notes Due 2020
Thursday, 11 Apr 2019 

April 11 (Reuters) - Avid Technology Inc ::AVID TECHNOLOGY ANNOUNCES CASH TENDER OFFER FOR ANY AND ALL OF ITS 2.00% SENIOR CONVERTIBLE NOTES DUE 2020.AVID TECHNOLOGY INC - THERE IS CURRENTLY $102.9 MILLION AGGREGATE PRINCIPAL AMOUNT OF NOTES OUTSTANDING..AVID TECHNOLOGY INC - PLANS TO FUND AGGREGATE PURCHASE PRICE FOR NOTES USING AVAILABLE CASH AS WELL AS BORROWINGS.  Full Article

Avid Technology Issues Full-Year 2019 Guidance
Wednesday, 14 Nov 2018 

Avid Technology Inc ::AVID TECHNOLOGY ISSUES FULL-YEAR 2019 GUIDANCE.SEES 2019 REVENUE $420 - $430 MILLION.SEES 2019 ADJUSTED EBITDA $60 - $65 MILLION.SEES 2019 FREE CASH FLOW $12 - $17 MILLION.FY2019 REVENUE VIEW $420.2 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Avid Technology Q3 Revenue Fell 1 Percent To $104 Million
Wednesday, 7 Nov 2018 

Nov 7 (Reuters) - Avid Technology Inc ::AVID TECHNOLOGY ANNOUNCES Q3 2018 RESULTS AND UPDATES FULL-YEAR 2018 GUIDANCE.Q3 REVENUE FELL 1 PERCENT TO $104 MILLION.QTRLY BOOKINGS WERE $119.4 MILLION, AN INCREASE OF 16% YEAR-OVER-YEAR AND 8% SEQUENTIALLY.FOR FULL YEAR 2018, AVID IS REAFFIRMING ITS REVENUE AND ADJUSTED EBITDA GUIDANCE.UPDATING FULL YEAR 2018 FREE CASH FLOW GUIDANCE.SEES FULL YEAR 2018 FREE CASH FLOW $2 MILLION - $6 MILLION.QTRLY EARNINGS PER SHARE $ 0.02.  Full Article

Avid Technology says On May 10, Unit Entered Into Fourth Amendment To Existing Agreement
Tuesday, 15 May 2018 

May 15 (Reuters) - Avid Technology Inc ::AVID TECHNOLOGY INC - ON MAY 10, UNIT ENTERED INTO A FOURTH AMENDMENT TO EXISTING AGREEMENT, DATED FEBRUARY 26, 2016 - SEC FILING.AVID TECHNOLOGY INC - FOURTH AMENDMENT EXTENDS MATURITY OF CURRENT TERM LOAN UNDER FINANCING AGREEMENT TO MAY 10, 2023.AVID TECHNOLOGY INC - AMENDMENT INCREASES AMOUNT OF TERM LOAN FACILITY FROM $105 MILLION TO $127.5 MILLION.AVID TECHNOLOGY INC - FOURTH AMENDMENT ALSO MODIFIES SCHEDULE FOR REQUIRED REPAYMENTS OF TERM LOAN.AVID TECHNOLOGY INC - FOURTH AMENDMENT ALSO INCREASES AMOUNT OF CONVERTIBLE NOTES COMPANY MAY PURCHASE FROM $15 MILLION TO $40 MILLION.  Full Article

Avid Technology Announces Qtrly Loss Per Common Share $0.02​
Thursday, 15 Mar 2018 

March 15 (Reuters) - Avid Technology Inc ::AVID TECHNOLOGY ANNOUNCES Q4 AND FULL YEAR 2017 RESULTS AND ISSUES Q1 AND FULL YEAR 2018 GUIDANCE.Q4 REVENUE $107.3 MILLION VERSUS I/B/E/S VIEW $108.5 MILLION.‍EXPECT CONTINUED GROWTH OF FREE CASH FLOW IN 2018​.‍GREW TOTAL REVENUE BACKLOG TO $536.1 MILLION AS OF END OF 2017, UP 25% FROM $429.3 MILLION YEAR PRIOR​.QTRLY LOSS PER COMMON SHARE $0.02​.SEES 2018 ‍REVENUE $404 - $434 MILLION​.SEES Q1 ‍REV $95 - $105 MILLION​.SEES 2018 ‍ADJUSTED EBITDA $39 - $51 MILLION​.SEES 2018 ‍FREE CASH FLOW (ANNUAL) $2 - $14 MILLION​.SEES Q1 ‍ADJUSTED EBITDA $3 - $9 MILLION​.  Full Article

Avid Technology Announces Appointment Of Jeff Rosica As CEO
Monday, 26 Feb 2018 

Feb 26 (Reuters) - Avid Technology Inc ::AVID TECHNOLOGY ANNOUNCES APPOINTMENT OF JEFF ROSICA AS CHIEF EXECUTIVE OFFICER AND TERMINATION OF LOUIS HERNANDEZ, JR..‍HERNANDEZ HAS ALSO RESIGNED FROM HIS POSITION ON AVID BOARD OF DIRECTORS​.‍NANCY HAWTHORNE HAS BEEN ELECTED CHAIRMAN OF BOARD​.SAYS NANCY HAWTHORNE APPOINTED CHAIRMAN OF THE BOARD.AVID TECHNOLOGY - ‍BOARD TERMINATED EMPLOYMENT OF FORMER CEO LOUIS HERNANDEZ DUE TO "VIOLATIONS OF COMPANY POLICIES RELATED TO WORKPLACE CONDUCT​".‍BOARD "UNANIMOUSLY" CONCLUDED THAT FINDINGS WARRANTED IMMEDIATE TERMINATION OF HERNANDEZ'S EMPLOYMENT​.AVID TECHNOLOGY - SPECIAL COMMITTEE CONDUCTED INVESTIGATION INTO ALLEGATIONS OF "IMPROPER NON-FINANCIALLY RELATED WORKPLACE CONDUCT" BY HERNANDEZ.‍SPECIAL COMMITTEE CONDUCTED INVESTIGATION INTO "ALLEGATIONS OF IMPROPER NON-FINANCIALLY RELATED WORKPLACE CONDUCT" BY HERNANDEZ​.  Full Article

Avid Technology Says On Feb 16, Co Entered Into Standstill Agreement With Cove Street Capital LLC
Wednesday, 21 Feb 2018 

Feb 21 (Reuters) - Avid Technology Inc ::AVID TECHNOLOGY SAYS ON FEB 16, CO ENTERED INTO STANDSTILL AGREEMENT WITH COVE STREET CAPITAL LLC - SEC FILING.  Full Article

Avid posts Q3 net income $0.00‍​/shr
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Avid Technology Inc :Avid Technology announces Q3 2017 results and issues Q4 2017 guidance.Q3 revenue $105.3 million versus I/B/E/S view $102.6 million.Avid Technology Inc - qtrly ‍constant currency bookings were $107.9 million​.Avid Technology Inc - sees Q4 2017 bookings (constant currency) in range of $118 million to $132 mln‍​.Avid Technology Inc - sees Q4 2017 revenue in range of $103 million to $113 mln‍​.Avid Technology Inc says qtrly net income per common share - diluted $0.00‍​.  Full Article