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Avid Technology (AVID) Catches Eye: Stock Jumps 6.4%

Avid Technology, Inc.AVID was a big mover last session, as the company saw its shares rise above 6% on the day. The stock rallied after the company announced that it has formed a 'go-to-market' commercial partnership with Beijing Jetsen Technology Co. Ltd. ("Jetsen") for the Greater China market. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $4.55 to $5.11 in the past one-month time frame.

In the last 30 days, the company has seen no estimate revision and the Zacks Consensus Estimate also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Avid Technology currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Avid Technology, Inc. Price

Avid Technology, Inc. Price | Avid Technology, Inc. Quote

A better-ranked Computer-Software stock is Aspen Technology, Inc. AZPN , which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .

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Avid Technology, Inc. (AVID): Free Stock Analysis Report

Aspen Technology, Inc. (AZPN): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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