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Avid Technology $AVID Preview For Upcoming Quarterly Earnings

Avid Technology, Inc. (AVID) is scheduled to release last fiscal quarter's results after the closing bell on February 07, 2012. Let's take a look at how Avid Technology has done in recent quarters. 

Avid Technology, Inc. provides digital media content-creation products and solutions for film, video, audio, and broadcast professionals, as well as artists and home enthusiasts. The company was founded in 1987 and is headquartered in Burlington, Massachusetts. Avid Technology trades an average of 119,000 shares per day and has a marketcap of $374 Million.

52 Week High: $23.35
52 Week Low:  $5.76
Book Value:    $10.75
Float Short:      7.54%

Analysts are expecting an improvement of $0.05 in earnings per share compared to last quarter's results of $0.01. The number to beat is $0.06 per share based on the estimated mean earnings.

Looking at the price movement over the last month, the stock has moved higher in price 12.02%, and moving in price -41.80% from one year ago.
The stock is performing better than the overall market with a relative gain. When comparing to the S&P 500, the year to date difference is 8.85%.

The company has rising revenue year-over-year of $678.52 million for 2010 vs. $628.97 million for 2009. The bottom line has rising earnings year-over-year of $-36.95 million for 2010 vs. $-68.36 million for 2009.The company's earnings before interest and taxes are rising with an EBIT year-over-year of $-36.17 million for 2010 vs. $-69.88 million for 2009. Rising revenue along with rising earnings is a very good sign and what we want to see with our companies. Be sure to check the margins in the earnings release to make sure that the bottom line is keeping up with the top line.

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I use a proprietary blend of technical analysis, financial crowd behavior, and fundamentals in my short-term trades, and while not totally the same in longer swing trades to investments, the concepts used are similar. You may want to use this article as a starting point of your own research with your financial planner. I use Seeking Alpha, Edgar Online, and Yahoo Finance for most of my data. I use the confirmed symbols from earnings.com that I believe to be of the most interest.

 

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Avid Technology, Inc.
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