Avid Technology's Move To The Cloud Gains Traction [Seeking Alpha]
Avid Technology, Inc. (AVID)
Last avid technology, inc. earnings: 3/9 04:05 pm
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US:NASDAQ Investor Relations:
ir.avid.com/investor-relations
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Source: Seeking Alpha
|ConsumerAvid Technology's Move To The Cloud Gains TractionApr. 21, 2020 3:20 AM ETAbout:Avid Technology, Inc. (AVID)by: Shareholders UniteSmall-cap, macro, value, momentumShareholdersuniteSummaryThe company has long been struggling to get growing again with a number of false dawns the past decade in a competitive industry.However, it looks like its focus on SaaS solutions is finally starting to pay off, gaining critical mass.The economic effects of the COVID-19 pandemic will hide much of that progress this year though, but the shares are already cheap enough in our view.While the company's history has been stop and go (with more stop than go), there are signs of things turning around at Avid Technology (Yet we believe investors have at least four things going for them:The COVID-19 pandemic (and a more recent guidance update) has put a damper on these, but we believe they still hold enough for the shares to be interesting at these levels (the low $6).Avid looks like a company in secu
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