Avid Technology (NASDAQ: AVID) is one of 21 publicly-traded companies in the “Computer Peripherals” industry, but how does it weigh in compared to its competitors? We will compare Avid Technology to related businesses based on the strength of its institutional ownership, valuation, earnings, risk, profitability, dividends and analyst recommendations.
Risk and Volatility
Avid Technology has a beta of 1.56, suggesting that its share price is 56% more volatile than the S&P 500. Comparatively, Avid Technology’s competitors have a beta of 0.91, suggesting that their average share price is 9% less volatile than the S&P 500.
This table compares Avid Technology and its competitors gross revenue, earnings per share and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Avid Technology||$511.93 million||$48.21 million||-36.78|
|Avid Technology Competitors||$1.07 billion||$5.10 million||-106.77|
Avid Technology’s competitors have higher revenue, but lower earnings than Avid Technology. Avid Technology is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.
This is a breakdown of recent ratings and target prices for Avid Technology and its competitors, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Avid Technology Competitors||52||265||441||14||2.54|
As a group, “Computer Peripherals” companies have a potential upside of 14.24%. Given Avid Technology’s competitors stronger consensus rating and higher possible upside, analysts clearly believe Avid Technology has less favorable growth aspects than its competitors.
This table compares Avid Technology and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Avid Technology Competitors||-245.00%||-17.15%||-8.34%|
Institutional & Insider Ownership
72.1% of Avid Technology shares are owned by institutional investors. Comparatively, 39.1% of shares of all “Computer Peripherals” companies are owned by institutional investors. 7.5% of Avid Technology shares are owned by company insiders. Comparatively, 17.6% of shares of all “Computer Peripherals” companies are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.
Avid Technology beats its competitors on 7 of the 13 factors compared.
About Avid Technology
Avid Technology, Inc. is a provider of an open and integrated technology platform, along with applications and services that enable the creation, distribution and monetization of audio and video content. The Company develops, markets, sells and supports software and hardware for digital media content production, management, secured content storage and distribution. The Company’s products are used in production and post-production facilities; film studios; network, affiliate, independent and cable television stations; recording studios; live-sound performance venues; advertising agencies; government and educational institutions; corporate communication departments, and by independent video and audio creative professionals, as well as aspiring professionals and enthusiasts. Projects produced using its products include feature films, television programs, live events, news broadcasts, commercials, music, video and other digital media content.
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