Autodesk, Inc. (NASDAQ:ADSK).
On August 3, 2017 the stock rating was changed to a “Mixed” in a report from OTR Global a cut from the previous “Mixed” rating. Deutsche Bank began coverage of ADSK with an initial rating of “Buy”.
Equity analyst Bernstein started covering ADSK with a rating of “Neutral”. On May 19 the company was upgraded from “Sector Perform” to “Outperform” by analysts at RBC Capital.
On May 19 the stock rating was upgraded to “Neutral” from “Underperform” in an announcement from Bank of America.
The company is up since yesterday’s close of $107.89. It is currently trading at $109.07 just a bit higher than $107.66, the 50 day moving average and well above the 200 day moving average of $96.76. The 50 day moving average went up $1.52 or +1.41% whereas the 200 day moving average was up $12.42 or +12.84%.
Autodesk, Inc. (Autodesk), launched on May 10, 1994, is a design software and services company, offering customers productive business solutions through technology products and services. The Company serves customers in the architecture, engineering and construction; product design and manufacturing, and digital media and entertainment industries. The Business’s segments include Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E). The Business’s software products enable its customers to experience their ideas before they are real by allowing them to imagine, design and create the ideas and to visualize, simulate and analyze performance early in the design process by creating digital prototypes. The Business’s product development and manufacturing software provides manufacturers in automotive, transportation, industrial machinery, consumer products and building products with digital engineering solutions. The Business’s product offerings include AutoCAD, AutoCAD LT, Industry Collections, 3ds Max, Maya, Revit, Inventor, AutoCAD Civil 3D, CAM Solutions, Fusion 360, BIM 360 and Shotgun..
In the last earnings report the EPS was $-2.45 and is projected to be $-0.56 for the current year with 220,391,000 shares now outstanding. Next quarter’s EPS is expected be $-0.13 and the next full year EPS is projected to be $1.18.