Tag Archives: adsk

Autodesk Q3 Beats, Profit Outlook Light On Cloud

Autodesk (ADSK) stock gapped up to a record high in early trading Friday after the CAD maker late Thursday posted Q3 EPS and revenue above views, though its profit guidance was light on cloud costs. Autodesk said Q3 profit fell 39% to 25 cents excluding items, which beat analyst consensus estimates by 3 cents, as revenue rose 11% to $618 million, also above expectations. Autodesk stock was up 6% in early trading in the stock market today, near 62.

Autodesk Analyst Day Earns Favorable Ratings

Autodesk (ADSK) put some analysts and investors at ease following its analyst day event on Wednesday, during which the company reiterated its guidance for the third quarter and fiscal 2015 and named R. Scott Herren as its new chief financial officer effective Nov. 1, after he wraps up his duties as senior vice president of finance at Citrix Systems. At least four investment banks raised their ratings on Autodesk stock, which lifted to an all-time

Autodesk Gets Price Target Hikes, But Down On Outlook

Computer-aided design software firm Autodesk (ADSK) is getting a boost from shifting its business from licensed software to Internet cloud-based subscriptions. The San Rafael, Calif.-based company late Thursday reported better-than-expected second-quarter sales and raised its full-year revenue guidance. Autodesk’s AutoCAD software is used by architects, engineers and designers. While Autodesk stock rose 5% in after-hours trading Thursday, shares