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Avid Technology Inc (AVID.OQ)

AVID.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

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

Avid enters into multiyear enterprise agreement with Viacom
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Avid Technology Inc :Avid technology - ‍announced multiyear enterprise agreement with viacom to enhance worldwide production infrastructure on avid's mediacentral platform​.  Full Article

Avid Technology announces global patent cross-licensing agreement with Harmonic​
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Avid Technology Inc : :Avid Technology Inc - ‍announced a global patent cross-licensing agreement with Harmonic Inc.​.Avid Technology Inc - ‍under terms of settlement, Harmonic will pay $6.0 million to Avid​.Avid Technology Inc - ‍ending patent infringement litigation against Harmonic on a mutually acceptable basis without trial​.  Full Article

Avid Technology reports Q2 loss per share $0.31
Thursday, 3 Aug 2017 

Aug 3 (Reuters) - Avid Technology Inc -:Avid Technology announces Q2 2017 results and issues q3 2017 guidance.Q2 revenue $102.4 million versus I/B/E/S view $100.2 million.Avid Technology Inc qtrly ‍bookings and constant currency qtrly bookings were $98.1 million and $104.3 million respectively​.Avid Technology Inc - ‍reaffirms full-year 2017 guidance​.Avid Technology Inc qtrly loss per share $0.31‍​.Avid Technology Inc - ‍increasing recurring revenue is positively impacting avid's quarter-end revenue backlog of $488 million​.  Full Article

Avid's patent infringement claims against Harmonic Inc set to go on trial
Wednesday, 19 Jul 2017 

July 19 (Reuters) - Avid Technology Inc :Avid's patent infringement claims against Harmonic Inc set to proceed to trial.Avid Technology Inc - ‍addressed status of patent infringement litigation which has been ongoing against Harmonic Inc since 2011​.  Full Article

Avid provides update on Jetsen Equity Investment commercial alliance underway following successful launch
Friday, 30 Jun 2017 

June 30 (Reuters) - Avid Technology Inc :Avid provides update on Jetsen Equity Investment; commercial alliance underway following successful launch.Avid Technology Inc - ‍avid and jetsen have agreed to amend terms of previously announced securities purchase agreement​.Avid Technology Inc - outside date when either party is permitted to terminate agreement has been extended.Avid Technology says jetsen to invest $18.16 million in avid in return for minority stake in co of between 4.5% and 8.9%​.Avid Technology Inc - ‍transaction is now expected to close in q4 of this year​.  Full Article

BRIEF-Avid Technology says On May 10, Unit Entered Into Fourth Amendment To Existing Agreement

* AVID TECHNOLOGY INC - ON MAY 10, UNIT ENTERED INTO A FOURTH AMENDMENT TO EXISTING AGREEMENT, DATED FEBRUARY 26, 2016 - SEC FILING