AVID Q3 earnings update

AVID announced Q3 2015 earnings (quarter ended September 30, 2015) after the close last night. Revenues were $137.4 million down from $142.4 million last year. They made a Non-GAAP profit of $.47 per share versus a $.57 profit last year. Our valuation moved up a bit to $23.99 from $22.24 last quarter. Overall a decent quarter as they continue their transition to a recurring revenue model, foregoing short term revenues and profits.. AVID is trading for less than 40% of our valuation. We still think this is way undervalued and a BUY.



Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s