San Diego, CA -- (SBWIRE) -- 03/31/2017 -- An investigation was announced for investors in NASDAQ:AVID shares concerning potential securities laws violations by Avid Technology in connection certain financial statements.

Investors who purchased shares of Avid Technology, Inc. (NASDAQ:AVID), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm focuses on whether a series of statements by Avid Technology regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Avid Technology, Inc. reported that its annual Total Revenue declined from $530.25 million in 2014 to $505.60 million in 2015 and that its Net Income declined from $14.73 million in 2014 to $2.48 million in 2015. Shares of Avid Technology, Inc. (NASDAQ:AVID) declined from $17.85 per share in june 2015 to as low as $4.07 per share in December 2016.

On March 15, 2017 Avid Technology, Inc. said it would postpone a conference call that was scheduled to review fourth quarter financial results. Avid Technology, Inc. said the delay will allow its independent auditor to conduct "routine procedures related to the 2016 financial audit."

On March 30, 2017, NASDAQ:AVID shares closed at $4.73 per share.

Those who purchased shares of Avid Technology, Inc. have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com