Audinate Group Ltd traded at 4.04 this Friday February 6th, decreasing 0.28 or 6.48 percent since the previous trading session. Looking back, over the last four weeks, Audinate lost 2.65 percent. Over the last 12 months, its price fell by 44.96 percent. Looking ahead, we forecast Audinate Group Ltd to be priced at 4.25 by the end of this quarter and at 4.00 in one year, according to Trading Economics global macro models projections and analysts expectations.
Audinate Group Limited is an Australia-based developer of Dante audio over IP networking solution. The Company’s principal activity is the development and sale of digital audiovisual (AV) networking solutions. Dante is its technology platform that distributes digital audio and video signals over computer networks. Dante comprises software and chips, cards and modules that are sold to and integrated inside the AV products of its original equipment manufacturer (OEM) customers. The Company also provides a series of products and services to AV professionals, including AVIO adapters and management and control software. Its Dante IP networking solution is used extensively in the professional live sound, commercial installation, broadcast, public address, and recording industries. Dante replaces traditional analogue cables by transmitting synchronized AV signals across large distances to multiple locations at once, using nothing more than an ethernet cable.