What analysts say:
- Buy, sell, or hold?: Analysts think investors should stand pat on Avid Technology with three of four analysts rating it hold. Analysts don't like Avid Technology as much as competitor Concurrent Computer overall. One out of one analysts rate Concurrent Computer a buy compared to one of four for Avid Technology. That rating hasn't budged in three months as analysts have remained steady in their opinion of the stock.
- Revenue forecasts: On average, analysts predict $177 million in revenue this quarter. That would represent a decline of 9.4% from the year-ago quarter.
- Wall Street earnings expectations: The average analyst estimate is earnings of $0.06 per share.
What our community says:
The majority of CAPS All-Stars see Avid as a good bet, with 67.7% giving it an outperform rating. The majority of Fools (68.1%) agree with the All-Stars and award it an outperform rating. Fools have embraced Avid Technology, though the message boards have been quiet lately with only 75 posts in the past 30 days. Avid Technology's bearish CAPS rating of two out of five stars falls short of the Fool community sentiment.
Revenue has fallen in the past two quarters.
One final thing: If you want to keep tabs on Avid Technology movements, and for more analysis on the company, make sure you add it to your watchlist.
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