Avid Technology (AVID) Misses Q2 EPS by 15c

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Dougherty & Co Downgrades Avid Technology (AVID) to Neutral

August 11, 2015 9:29 AM EDT

Dougherty & Co downgraded Avid Technology (NASDAQ: AVID) from Buy to Neutral and removed its price target (prior $18.00). Analyst Steven Frankel noted disappointing Q2 results.

"As Avid has clearly shown, technology turnarounds are never easy and the results can be... More