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Avid Technology: Bullish On Climbing Demand For Digital Media Production

Dec. 02, 2021 10:17 PM ETAvid Technology, Inc. (AVID)


  • Avid Technology reported its Q3 results which beat expectations highlighted by strong trends in subscriber growth.
  • The company is benefiting from increased global spending towards media content produced on its market-leading software.
  • We are bullish on the stock and expect more upside through 2022 as the company continues to consolidate its industry leadership position.
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DJ working in music studio and looking at computer screen

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Avid Technology, Inc. (NASDAQ:NASDAQ:AVID) is a leader in specialized software and hardware used in digital media production. The company's editing products like "Pro Tools", "Media Composer", "Sibelius" and related content management systems are recognized as standards for professional audio and video production. The attraction here

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This article was written by

Dan Victor, CFA profile picture

15 years of professional experience in capital markets and investment management at major financial institutions. 

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in AVID over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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