Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Avid Technology Inc (NASDAQ: AVID) violated securities laws in connection with certain financial statements.

The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Avid Technology Inc (NASDAQ: AVID)  concerning whether a series of statements by Avid Technology Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On November 9, 2016, Avid Technology revealed that both its 3Q16 bookings and revenues were significantly lower than expected. Also, the Company reduced the upper end of its FY16 bookings guidance down to $445 million from $566 million and the upper end of its FY16 revenue guidance down to $517 million from $565 million.

Following this news, NASDAQ: AVID dropped 28% on November 10, 2016.

Based in Burlington, Massachusetts, and founded in 1987 Avid Technology Inc is engaged in developing, marketing, selling, and supporting software and hardware for digital media content production, management, and distribution.

If you purchased shares of Avid Technology Inc (NASDAQ: AVID) on or before November 9, 2016, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.

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