Dougherty & Co Downgrades Avid Technology (AVID) to Neutral
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Avid Announces Financial Results for Second Quarter 2015
August 10, 2015 4:39 PM EDTBURLINGTON, Mass., Aug. 10, 2015 (GLOBE NEWSWIRE) -- Avid® (Nasdaq: AVID) announced today that it has released second quarter results and updated its 2015 full year guidance.
Q2 2015 Highlights
Raised Full Year 2015 Earnings Guidance on substantially increased visibility Adjusted EBITDA range raised to $74 to $80 million, up from $72 to $78 million as previously guided Constant dollar bookings range raised to 2% to 6% over 2014, although continued currency pressure could impact actual results by approximately 4 percentage points Adjusted free cash flow range adjusted to $12 to $20 million Post-2010 revenue backlog of $489 million reflects 17% year over year... More