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The latest update is out from Audinate Group ( (AU:AD8) ).
Audinate Group Limited has completed the acquisition of Iris Studio Inc, a US-based leader in AI-powered, cloud-based camera control technology, for up to US$28 million. This acquisition enhances Audinate’s position in the video sector and aligns with its vision for interoperable AV-over-IP solutions, potentially broadening its market reach and strengthening its industry position.
The most recent analyst rating on (AU:AD8) stock is a Buy with a A$12.00 price target. To see the full list of analyst forecasts on Audinate Group stock, see the AU:AD8 Stock Forecast page.
More about Audinate Group
Audinate Group Ltd (ASX: AD8) is a leader in AV networking solutions, known for its Dante IP networking technology. This technology is extensively used in professional live sound, commercial installation, broadcast, public address, and recording industries, replacing traditional analogue cables with Ethernet-based AV signal transmission. Headquartered in Australia, Audinate has regional offices in the United States, United Kingdom, Belgium, and Hong Kong, and its shares are traded on the Australian Securities Exchange under the ticker code AD8.
YTD Price Performance: -8.37%
Average Trading Volume: 226,735
Technical Sentiment Signal: Sell
Current Market Cap: A$566M
For an in-depth examination of AD8 stock, go to TipRanks’ Overview page.