Louis Hernandez - Avid Technology Chairman, CEO and Pres
| AVIDDelisted Stock | USD 27.04 0.00 0.00% |
Chairman
Mr. Louis Hernandez, Jr., is redesignated as Chairman of the Board, Chief Executive Officer of the Company effective December 7, 2016. He was Chairman of the Board, President, Chief Executive Officer of Avid Technology Inc. he is appointed as President and CEO in February 2013 and as Chairman of Board in October 2013. He became a director in February 2008 and served as our lead director from December 2011 until his appointment as our President and CEO. Prior to being appointed our President and CEO, Mr. Hernandez was the chairman and Chief Executive Officer of Open Solutions Inc., a provider of enterprisewide enabling technologies for the financial services marketplace, which was acquired in January 2013 by Fiserv, Inc. Mr. Hernandez served as chairman of Open Solutions from 2000 to 2013, and as Chief Executive Officer of Open Solutions from 1999 to 2013. Prior to Open Solutions, Mr. Hernandez served as Executive Vice President and Chief Financial Officer of RoweCom Inc., an electronic commerce software vendor. Prior to joining RoweCom, Mr. Hernandez served as the Chief Financial Officer and Corporationrationrate Secretary of U.S. Medical Instruments, Inc. and worked in the business and advisory services group of Price Waterhouse LLP. Mr. Hernandez also served as a director and member of the audit and compensation committee of Unica Corporation, HSBC North America Holdings Inc., HSBC USA Inc. and HSBC Bank USA, N.A. Mr. Hernandez has a proven track record of driving the operations and growth of technology companies in a variety of industries and was a principal architect of our Avid Everywhere strategy. since 2016.
| Age | 49 |
| Tenure | 8 years |
| Phone | 978 640 6789 |
| Web | https://www.avid.com |
Avid Technology Management Efficiency
The company has return on total asset (ROA) of 0.055 % which means that it generated a profit of $0.055 on every $100 spent on assets. This is way below average. Avid Technology's management efficiency ratios could be used to measure how well Avid Technology manages its routine affairs as well as how well it operates its assets and liabilities.The company currently holds 203.14 M in liabilities. Avid Technology has a current ratio of 0.84, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Avid Technology until it has trouble settling it off, either with new capital or with free cash flow. So, Avid Technology's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Avid Technology sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Avid to invest in growth at high rates of return. When we think about Avid Technology's use of debt, we should always consider it together with cash and equity.
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Management Performance
| Return On Asset | 0.055 |
Avid Technology Leadership Team
Elected by the shareholders, the Avid Technology's board of directors comprises two types of representatives: Avid Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Avid. The board's role is to monitor Avid Technology's management team and ensure that shareholders' interests are well served. Avid Technology's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Avid Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Whit Rappole, VP Relations | ||
| John Park, Independent Director | ||
| Peter Ennis, VP Support | ||
| Elizabeth Daley, Independent Director | ||
| Dave Perillo, VP Chain | ||
| Peter Westley, Independent Director | ||
| Louis Hernandez, Chairman, CEO and Pres | ||
| Dana Ruzicka, Vice President ,chief product officer | ||
| John Frederick, CFO, Chief Admin. Officer and Executive VP | ||
| Paula Boggs, Independent Director | ||
| Michelle Munson, Director | ||
| Mariesa Victoria, Chief VP | ||
| Robert Bakish, Independent Director | ||
| Kenneth Gayron, CFO, Executive Vice President | ||
| John Wallace, Director | ||
| Jeff Rosica, Chief Sales and Marketing Officer and Sr. VP | ||
| Brian Agle, CFO, Senior Vice President | ||
| Daniel Silvers, Independent Director | ||
| Youngme Moon, Independent Director | ||
| Ilan Sidi, Interim CFO | ||
| Kevin Riley, CTO VP | ||
| Alessandra Melloni, Gen Sec | ||
| Joyce Butler, Chief SVP | ||
| Tom Cordiner, Senior Vice President Chief Revenue Officer | ||
| Jason Duva, VP, General Counsel and Corporate Secretary | ||
| Nancy Hawthorne, Independent Director | ||
| Richard Lowenstein, Senior Vice President - Customer Success and Professional Services |
Avid Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Avid Technology a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Asset | 0.055 | |||
| Profit Margin | 0.03 % | |||
| Operating Margin | (0.03) % | |||
| Current Valuation | 1.41 B | |||
| Shares Outstanding | 44.04 M | |||
| Shares Owned By Insiders | 7.19 % | |||
| Shares Owned By Institutions | 86.00 % | |||
| Number Of Shares Shorted | 1.15 M | |||
| Price To Earning | 26.39 X | |||
| Price To Sales | 2.65 X |
Pair Trading with Avid Technology
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Avid Technology position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Avid Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Avid Stock
| 0.73 | DIS | Walt Disney Report 8th of May 2024 | PairCorr |
| 0.7 | BAC | Bank of America Financial Report 16th of July 2024 | PairCorr |
| 0.73 | CVX | Chevron Corp Report 26th of April 2024 | PairCorr |
Moving against Avid Stock
| 0.7 | MCD | McDonalds Earnings Call This Week | PairCorr |
| 0.59 | INTC | Intel Earnings Call This Week | PairCorr |
| 0.57 | CSCO | Cisco Systems Fiscal Quarter End 30th of April 2024 | PairCorr |
| 0.53 | JNJ | Johnson Johnson Financial Report 18th of July 2024 | PairCorr |
The ability to find closely correlated positions to Avid Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avid Technology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Avid Technology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Avid Technology to buy it.
The correlation of Avid Technology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Avid Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avid Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Avid Technology can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Other Consideration for investing in Avid Stock
If you are still planning to invest in Avid Technology check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Avid Technology's history and understand the potential risks before investing.
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