Avid Technology (AVID) Stock Sinks As Market Gains: What You Should Know

Avid Technology (AVID) closed at $7.24 in the latest trading session, marking a -0.41% move from the prior day. This move lagged the S&P 500’s daily gain of 0.5%. Meanwhile, the Dow lost 0.3%, and the Nasdaq, a tech-heavy index, added 0.95%.

Heading into today, shares of the audio and video technology company had lost 2.68% over the past month, lagging the Computer and Technology sector’s gain of 5.8% and the S&P 500’s gain of 1.89% in that time.

Wall Street will be looking for positivity from AVID as it approaches its next earnings report date. In that report, analysts expect AVID to post earnings of -$0.01 per share. This would mark a year-over-year decline of 150%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $77.43 million, down 21.55% from the year-ago period.

AVID’s full-year Zacks Consensus Estimates are calling for earnings of $0.35 per share

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Hawk-Eye apologises as goalline technology fail denies Sheffield United goal in first Premier League game post lockdown

This was a Premier League match with social distancing, temperature checks and no fans but there was a sense of familiarity at Villa Park with yet another controversial technology failure.

We are living in odd times and after the final whistle there was an “unreserved apology” from Hawk-Eye, the goal-line technology system, to Sheffield United after a ghost goal which could prove crucial in the club’s pursuit of European football.

Oliver Norwood’s free kick was clearly over the line, fumbled by Aston Villa goalkeeper Orjan Nyland three minutes before half-time, and these two missed points may be a costly blow when this truncated season is finally finished.

It lifts United into sixth place, a point behind Manchester United who they face at Old Trafford next week, but this technical error was inexcusable and does not deserve to be viewed as a defining moment in this memorable campaign. 

The fact that … Read More

How the China vs US technology race is remapping the world

In 1996, when only a few hundred thousand people were online in China, the government issued a historic edict.

At the time, few people noticed Beijing’s move to bar unfiltered access to the global Internet.

But this was the origin of the so-called “Great Firewall” – a separate Chinese Internet which over the years has become increasingly different from its more free-wheeling, and often problematic, western alternative.

Since then, China has pumped billions of dollars into building up, rigidly enforcing and censoring its version of the web – which is now used every day by close to one billion of the world’s estimated 4.5 billion Internet users.

It is a very different place – where the country’s government exerts far greater control and where citizens, broadly speaking, struggle to access information the state does not wish them to see.

Nearly a quarter of a century later, as tensions between the

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Is Maxar Technologies (MAXR) Outperforming Other Computer and Technology Stocks This Year?

Investors focused on the Computer and Technology space have likely heard of Maxar Technologies (MAXR), but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company’s year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.

Maxar Technologies is one of 606 companies in the Computer and Technology group. The Computer and Technology group currently sits at #10 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over

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