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 recently got some attention from a big hedge fund and completed a ~5% stock buyback that has lifted the stock from its summer decline, but I think there is more hype than hope over the next year. Low profitability offsets AVID's technological successes - this company may be a nice acquisition target in a couple of years, but I don't see it improving its business practices enough to deliver near term performance.