Despite The Rally, The Shares Of Avid Are Still Too Cheap

  • The turnaround at Avid Technology is gathering pace even in the face of pandemic headwinds that reduced revenue.
  • The increase in subscription service, margin expansion, cost decline and strong free cash flow are really encouraging, and the shares are still cheap.
  • The present resurgence in the pandemic is likely to have some impact, but the company is fundamentally in a better place.
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