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Autodesk (ADSK) in Focus: Stock Rises 5.1%

Zacks Equity Research

Autodesk, Inc. (ADSK) was a big mover last session, as the company saw its shares rise over 5% on the day. The move came on the back of solid volume too, as far more shares changed hands than in a normal session. This continues the recent uptrend for this technology company as the stock is now up nearly 15% in the past one month time frame.

The company has seen 5 negative estimate revisions in the past few weeks and its earnings consensus has moved down over the past two months, suggesting there may be trouble down the road for ADSK. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.

Autodesk currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.

Some technology stocks worth considering include DST Systems Inc. (DST), Infoblox Inc. (BLOX) and PTC Inc. (PMTC). All these carry a Zacks Rank #1 (Strong Buy).

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