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Avid shares jumped on earnings as Hollywood video editing, e-commerce soar

bizjournals Saturday, 16 March 2019
The stock of Burlington-based Avid Technology Inc., a maker of video-editing software used on this year’s Best Picture Academy Award winner Green Book and major blockbuster movies, closed up 27 percent Friday following the news of a strong fourth quarter and confidence in CEO Jeff Rosica's first-year strategy. The company went through a significant leadership shakeup in 2018, with the share spike marking Avid Technology (Nasdaq: AVID) CEO Jeff Rosica’s first full year.  Rosica, who joined…
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