They warned big for next Q, there's no growth, shrinking profits, cash flow and shrinking cash on balance.
(Compared to it, HPQ should've looked stellar. HPQ has double the eps similar 'growth', yet it tanked! )
What am I missing? Oh, yup, the goldie bogus upgrade coming.
That'll be the definite sell signal (esp. if it is the 'conviction list' type :-)
My feeling is that ADSK is pumped by 3D printing bubble (check "People viewing ADSK also viewed:" section on YahooFin profile). Trouble is that not many people realised taht, sw used to produce 3D printable models is free and and even if it will be app priced they can't make money on it. CAD sw is by definition difficult to use (or then it is toy) and even if it is easy to deploy in SaaS model, you need good deal of experience to make something in it. So when 3D printing bubble will burst ADSK will be back at $15 level of 2009 and then it will be strong buy, because "boring" core of their business is stable as rock and value of gold. Until then it is undoubtedly Strong Sell.
Thank you for your concern, but I do trade (for a living since '95).
Maybe I'll cover my $40.60 short after earnings, today on any weakness.
Zack's is usually just-matter-of-fact, but usually they don't move the market / stock.
(funny there wasn't a big 'upgrade' behind the irrational exuberance...whatever)