Avid Technology, Inc. (AVID) develops, markets, sells, and supports software and hardware for digital media content production, management, and distribution worldwide. The company offers professional video creative tools, such as Media Composer product line that is used to edit video content; NewsCutter option and iNews systems for news production; Avid Symphony option, which is used during post-production; and Media Composer | Cloud solution that enables broadcast news professionals to acquire, access, edit, and finish stories.
Avid’s business has been declining recently. Wait for its 2017Q2 report on August 3, 2017 at 5:00 p.m.