Shares of Avid Technology Inc. (NASDAQ:AVID) traded today at $32.53, eclipsing its 52-week high. So far today approximately 103,000 shares have been exchanged, as compared to an average 30-day volume of 607,000 shares.
Avid Technology Inc develops and sells software and hardware for digital media production and management. Its products are used in production, film studios, cable television stations, recording studios, and other agencies. The company has operations in the U.S.; the Americas; Europe, Middle East, and Africa; and Asia-Pacific. Most of its revenue is split fairly evenly between the U.S. and EMEA. The company's products are organized into suites, including Artist Suite, which includes video editing and digital audio workstations; Media Suite, which provides newsroom management solutions; Studio Suite, which provides tools for on-air programming; and Storage Suite, which provides products for digital storage. It derives most of the revenue from video and audio products and services.
Avid Technology Inc. (NASDAQ:AVID) is currently priced 51.2% above its average consensus analyst price target of $15.65.
In the past 52 weeks, Avid Technology Inc. share prices are bracketed by a low of $6.73 and a high of $32.53 and is now at $32.07, 377% above that low price.
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