Avid Technology, Inc. (NASDAQ:AVID) provides digital media content-creation solutions for film, video, audio, and broadcast professionals, artists, and home enthusiasts worldwide. (AVID) 1 Year Stock Return of 33.69%
June 2011 Avid at the 2011 InfoComm Show, reported that the VENUE SC48 had taken home the System Contractor News’ Installation Product Award for the “Most Innovative Audio Console” category. The awards recognize innovative commercial AV products, and we’re thrilled to see the industry recognize our fully-integrated audio and processing live sound solution for small to mid-sized houses of worship, clubs, corporate A/V companies and touring customers. The award’s nominated products were first judged by a blue-ribbon panel of industry experts and later voted on by industry peers.
Avid Scorch® shows that Avid is keeping its product line fresh. The release of its first application for the Apple iPad mobile device—Avid Scorch®, is available on the App Store. Customers can now practice, perform and purchase their favorite sheet music on the go with an application that transforms an iPad into an interactive score library, music stand and sheet music store. Powered by Avid’s market-leading Sibelius® music notation software engine, Avid Scorch is the first sheet music app to offer a rich, interactive experience that makes scores easy to learn and play. Scorch also offers unparalleled access to the most popular sheet music through an in-app store with more than 150,000 premium titles available from world-class publishers.
52 Week High and Low $23.35 - $ 11.04
Median Target $20.00
High Target $25.00
Low Target $17.00
AVID is trading at the low end of the target range; current share price is $17.67 buying at this level is a low risk. The stocks upside exhibits even better if AVID makes the June 2011 EST of $0.09 EPS
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.