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Avid Turnaround Has Considerably Further To Run

September 20th, 2020 · No Comments

  • The company actually managed to turn profitable despite a pandemic induced headwind that cut 50% of their product sales.
  • The good results were produced by an ongoing shift to SaaS and aggressive reduction in COGS and OpEx.
  • Much of that is going to last when product sales gradually return.
  • We think the shares are well below where they should be considering the progress the company is making.

Source: Avid Turnaround Has Considerably Further To Run (NASDAQ:AVID) | Seeking Alpha

Tags: AVID