|Bid||0.00 x 1100|
|Ask||0.00 x 1100|
|Day's range||30.80 - 32.52|
|52-week range||12.91 - 40.48|
|Beta (5Y monthly)||1.22|
|PE ratio (TTM)||45.03|
|Earnings date||09 Nov 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||42.50|
Good afternoon, everyone, and thank you for joining us today for Avid Technology's third quarter 2021 earnings call for the period ending September 30, 2021. My name is Whit Rappole, Avid's Vice President for Corporate Development and Investor Relations. With me this afternoon are Jeff Rosica, our Chief Executive Officer and President; and Ken Gayron, our Chief Financial Officer and EVP.
Avid (AVID) delivered earnings and revenue surprises of 12.50% and 4.80%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
12.4% Year-Over-Year Revenue Growth 56.4% Year-Over-Year Subscription Revenue Growth $16.5 million in Net Cash Provided by Operating Activities Leading to Free Cash Flow of $14.0 million Raises Subscription & Maintenance Revenue Guidance and Raises High-End of Revenue Guidance for Full-Year 2021 BURLINGTON, Mass., Nov. 09, 2021 (GLOBE NEWSWIRE) -- Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, today announced its financial results for the th