NEW YORK, NY / ACCESSWIRE / March 18, 2019 / Traders News Source, a leading independent equity research and corporate access firm focused on small and mid-cap public companies is issuing a comprehensive report on Avid Technology, Inc. (NASDAQ: AVID), a company that delivers an open and efficient media platform, connecting content creation with collaboration, asset protection, distribution, and consumption. Avid's preeminent customer community uses Avid's comprehensive tools and workflow solutions to create, distribute and monetize media.
On March 15th, 2019, the share price of AVID experienced a surge with strong volumes, after it announced its fourth quarter and full-year 2018 financial results, provided guidance for the first quarter of 2019 and reaffirmed full-year 2019 guidance.
Current company milestones, AVID products offering and more in this full report READ MORE
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Management commentary:
"Our return to revenue growth and the improvement in our key financial metrics, including Free Cash Flow and Adjusted EBITDA, demonstrate an improving business profile for our Company," said Jeff Rosica, Chief Executive Officer and President of Avid. "Additionally, the management team is focused on continuing to build upon a scalable, recurring revenue model as evidenced by our double-digit growth in subscriptions and e-commerce revenue. We intend to continue to drive R&D investments in key product areas in 2019 which are expected to set the foundation for future growth for the Company."
AVID Q4 and FYE 2018 financial data and company 2019 guidance are reviewed in this analyst report READ MORE
Copy and paste to your browser may be required to view the report - https://tradersnewssource.com/avid/
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SOURCE: Traders News Source