J.P Morgan analyst Paul Coster this morning raised his rating on digital media editing software provider Avid Technology (AVID) to Neutral from Overweight. “With the company now set to deliver operating leverage with modest growth, and management expressing higher conviction in that outcome through the issuance of guidance, we are [...]

Article courtesy of BARRONS.com: Tech Trader Daily

Avid Technology (AVID) shares are trading down sharply this morning on Street disappointment with the company’s Q1 results.
Avid, which makes editing equipment for the broadcasting industry, reported Q1 revenue of $155.9 million, which was actually slightly above the Street at $153.7 million; but the company lost 12 cents a share, [...]

Article courtesy of BARRONS.com: Tech Trader Daily