Avid Tech pulls FY20 guidance [Seeking Alpha]
Avid Technology, Inc. (AVID)
Last avid technology, inc. earnings: 3/9 04:05 pm
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US:NASDAQ Investor Relations:
ir.avid.com/investor-relations
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Source: Seeking Alpha
Avid Technology (NASDAQ:AVIDexpectsTotal revenue will come in 13-15% below the midpoint of the prior guidance range.Adjusted EBITDA is expected to be positive but "significantly below" guidance.Avid pulls its FY20 outlook citing the coronavirus uncertainties.The company believes it has sufficient near-term liquidity with $81M in cash and equivalents at the end of March.Avid will report Q1 results on May 7.
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