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