Avid Technology: Selloff Provides An Opportunity

  • Solid growth stock with a leading market position and solid finances.
  • Shift towards SaaS subscriptions has a long way to go, improving margins and cash flow.
  • Recovery in integrated solutions has added fuel, but that has largely played out and could potentially be derailed by a resurgence in the pandemic.
  • We bought at much lower levels (under $9) last year but added to our position this month on the sell-off post-earnings, which seems a little overdone.
  • Learn More »