Avid Technology, Inc. (Nasdaq:AVID) develops, markets, sells, and manages software and integrated solutions for content creation, management, and distribution of video, audio, and other media forms worldwide. They are a leader in content creation software due to their enhanced collaboration, advanced automation, end-to-end integration, and workflow orchestration. Currently, they have over one million users and thousands of companies who utilize their software.
Comps: Harmonic Inc. (Nasdaq:LIT), HUYA Inc. (NYSE:HUYA)
Looking for comparable companies, it is important to find similar markets and market capitalizations; these companies offer communications and media software-as-a-service and are worth over USD 1 billion. In comparison to Harmonic and HUYA, Avid Technology currently holds higher earnings per share and profit margin and lower price to earnings than both. Furthermore, they have a higher return on equity than HUYA.