Avid Technology, Inc. (AVID) Reaches $4.74 After 7.00% Up Move; Cisco Systems (CSCO) Sentiment Is 1.18

October 9, 2017 - By Stephen Andrade

The stock of Avid Technology, Inc. (NASDAQ:AVID) is a huge mover today! About 63,516 shares traded. Avid Technology, Inc. (NASDAQ:AVID) has declined 5.06% since October 9, 2016 and is downtrending. It has underperformed by 21.76% the S&P500.The move comes after 5 months positive chart setup for the $194.96 million company. It was reported on Oct, 9 by Barchart.com. We have $5.07 PT which if reached, will make NASDAQ:AVID worth $13.65M more.

Cisco Systems, Inc. designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The company has market cap of $167.03 billion. The Firm operates through three geographic divisions: Americas; Europe, the Middle East and Africa , and Asia Pacific, Japan and China (APJC). It has a 17.71 P/E ratio. The Firm groups its products and technologies into various categories, such as Switching; Next-Generation Network (NGN) Routing; Collaboration; Data Center; Wireless; Service Provider Video; Security, and Other Products.

Investors sentiment decreased to 1.55 in Q2 2017. Its down 0.17, from 1.72 in 2017Q1. It fall, as 9 investors sold Avid Technology, Inc. shares while 22 reduced holdings. 19 funds opened positions while 29 raised stakes. 28.58 million shares or 0.32% less from 28.67 million shares in 2017Q1 were reported. Jpmorgan Chase & Company has 0% invested in Avid Technology, Inc. (NASDAQ:AVID). Connor Clark Lunn Mngmt Limited has invested 0% of its portfolio in Avid Technology, Inc. (NASDAQ:AVID). National Bank & Trust Of America Corp De reported 0% stake. Axa reported 0% in Avid Technology, Inc. (NASDAQ:AVID). Moreover, Panagora Asset Management Inc has 0% invested in Avid Technology, Inc. (NASDAQ:AVID) for 1,715 shares. Citadel Advsr Lc has invested 0% in Avid Technology, Inc. (NASDAQ:AVID). 13,797 are held by D E Shaw Company. Sg Americas Securities Ltd holds 0% of its portfolio in Avid Technology, Inc. (NASDAQ:AVID) for 39,248 shares. Moreover, Tower Capital Limited Liability (Trc) has 0.01% invested in Avid Technology, Inc. (NASDAQ:AVID). Bessemer Grp holds 0% of its portfolio in Avid Technology, Inc. (NASDAQ:AVID) for 2,425 shares. The North Carolina-based Cap Investment Counsel Inc has invested 0.02% in Avid Technology, Inc. (NASDAQ:AVID). Cove Street Capital Ltd owns 6.11 million shares. New York-based Millennium Ltd has invested 0% in Avid Technology, Inc. (NASDAQ:AVID). Deutsche Bancorporation Ag, a Germany-based fund reported 170,286 shares. Moreover, Vanguard Group Inc Inc has 0% invested in Avid Technology, Inc. (NASDAQ:AVID) for 2.22M shares.

Among 3 analysts covering Avid Technology (NASDAQ:AVID), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Avid Technology had 5 analyst reports since August 11, 2015 according to SRatingsIntel. On Wednesday, November 11 the stock rating was maintained by BWS Financial with “Buy”. Singular Research initiated the stock with “Buy” rating in Wednesday, December 9 report. The stock has “Hold” rating by BWS Financial on Thursday, November 10. On Tuesday, August 11 the stock rating was downgraded by Dougherty & Company to “Buy”.

Since June 2, 2017, it had 2 insider buys, and 1 insider sale for $1.34 million activity. The insider Murray Ryan H sold $48,717. Shares for $707,079 were bought by HERNANDEZ LOUIS JR on Tuesday, June 13.

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 has market cap of $194.96 million. The Firm develops, markets, sells and supports software and hardware for digital media content production, management, secured content storage and distribution. It has a 112.08 P/E ratio. 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.

Analysts await Avid Technology, Inc. (NASDAQ:AVID) to report earnings on November, 8. They expect $0.03 earnings per share, down 92.86% or $0.39 from last year’s $0.42 per share. AVID’s profit will be $1.23M for 39.50 P/E if the $0.03 EPS becomes a reality. After $0.03 actual earnings per share reported by Avid Technology, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Analysts await Cisco Systems, Inc. (NASDAQ:CSCO) to report earnings on November, 15. They expect $0.55 EPS, 0.00% or $0.00 from last year’s $0.55 per share. CSCO’s profit will be $2.72B for 15.33 P/E if the $0.55 EPS becomes a reality. After $0.55 actual EPS reported by Cisco Systems, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Since January 1, 0001, it had 0 insider purchases, and 3 selling transactions for $12.50 million activity.

Ratings analysis reveals 100% of Cisco Systems’s analysts are positive. Out of 2 Wall Street analysts rating Cisco Systems, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $37.0 while the high is $37.0. The stock’s average target of $37 is 9.69% above today’s ($33.73) share price. CSCO was included in 2 notes of analysts from September 14, 2016. Deutsche Bank maintained the stock with “Buy” rating in Wednesday, September 14 report. The firm earned “Outperform” rating on Thursday, February 16 by RBC Capital Markets.

Tweedy Browne Co Llc holds 9.74% of its portfolio in Cisco Systems, Inc. for 10.48 million shares. Jupiter Asset Management Ltd owns 8.13 million shares or 8.83% of their US portfolio. Moreover, Yacktman Asset Management Lp has 6.89% invested in the company for 22.61 million shares. The United Kingdom-based Edinburgh Partners Ltd has invested 6.5% in the stock. Minneapolis Portfolio Management Group Llc, a Minnesota-based fund reported 1.14 million shares.