Avid Technology, Inc. (NASDAQ:AVID)
CAPS Rating:
The Company develops, markets, sells and supports a range of software and hardware products for the production, management and distribution of digital media content.
The Company develops, markets, sells and supports a range of software and hardware products for the production, management and distribution of digital media content.
Recs
Avid Technology will play a major role in the upcoming years in the digital TV industry. More and more companies want to expand their HDTV reach and come up with new channels or improve the content on the current ones. I believe this company has room to grow and will outperform in the next 12 to 18 months.
Insider ownership is at 24% in this stock, and institutions are apparently over-reacting as they usually do to it's recent downtrend. I like that combination.