ADSK - Autodesk, Inc.
| Previous Close | 207.51 |
| Open | 208.09 |
| Bid | 208.00 x 800 |
| Ask | 210.49 x 800 |
| Day's Range | 207.28 - 209.20 |
| 52 Week Range | 129.70 - 210.13 |
| Volume | 996,939 |
| Avg. Volume | 1,382,149 |
| Market Cap | 45.976B |
| Beta (5Y Monthly) | 1.78 |
| PE Ratio (TTM) | 313.27 |
| EPS (TTM) | 0.67 |
| Earnings Date | Feb 26, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | Mar 21, 2005 |
| 1y Target Est | 209.09 |
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ADSK Clears Tight Action
Autodesk jumped past a 181.65 3-weeks-tight/de facto handle right at long consolidation's high. Tight action nice after several loose bases. Earnings growth huge – will it finally take off? Stock Of The Day.
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Why Autodesk, Inc. (NASDAQ:ADSK) Could Be Worth Watching
Autodesk, Inc. (NASDAQ:ADSK) received a lot of attention from a substantial price increase on the NASDAQGS over the...
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Autodesk Extends Invitation to Join Financial Results Conference Call
Autodesk, Inc. (NASDAQ: ADSK) today announced that it will broadcast its fourth quarter fiscal 2020 financial results conference call live via its website Thursday, February 27, 2020, at 2:00 p.m. Pacific Time. Autodesk will host a live webcast call at www.autodesk.com/investors. An audio replay webcast and podcast will also be available after 5:00 p.m. Pacific Time on Autodesk's website at www.autodesk.com/investors. For more information, please call Autodesk Investor Relations at 415-507-6373.
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4 Boosted Enterprise Software Stocks to Buy in 2020
The analyst team over at Wells Fargo recently sounded a bullish tone on enterprise software stocks for 2020. The thesis? Enterprise software spending trends will pick up over the next few quarters, and as they do, most enterprise software stocks will head higher, too.For the record, I 100% agree with this thesis. Corporations hit the pause button on robust enterprise software spend in 2019 for two big reasons. One, they spent a lot on enterprise software in 2018 (spend rose nearly 14% year-over-year), so there wasn't a glaring need to up spend further in 2019. Two, rising trade tensions created immense economic instability, and companies didn't want to spend big against that backdrop.Consequently, enterprise software spend rose just 8.8% in 2019 -- one of its weakest annual growth rates in recent memory.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut, in 2020, corporations will re-accelerate their software spend, also for two big reasons. First, they didn't grow spend as much as normal in 2019, so there is ample room to re-up spend growth in 2020. Second, trade tensions are easing, stability is being injected back into the global economic environment, interest rates globally remain low, and corporate spending conditions broadly remain as favorable as they've been since 2017.As such, it should be no be surprise that Gartner projects global enterprise software spend to rise nearly 11% in 2019, up about 2 points from 2019's growth rate. * Invest in America's Most Trusted Brands With These 7 Stocks to Buy Against that backdrop, enterprise software stocks will rally. Here are my favorite picks in the group. Adobe (ADBE)Source: r.classen / Shutterstock.com One enterprise software stock which Wells Fargo raised their price target on and which I think is a long-term winner is cloud giant Adobe (NASDAQ:ADBE).In the big picture, there are a lot of things to like about Adobe. The company dominates in the creative and document cloud worlds, runs at sky high gross margins, has been growing revenues at a steady 20%-plus clip for several years, and is a cash flow and profit machine. But the upside bull thesis in ADBE stock is all about the company's new growth potential in the enterprise cloud.Specifically, everything in the enterprise world is pivoting towards a focus on the consumer experience, or CE. At the same time, CE is becoming increasingly visually-focused, because visuals do a much better job at immersing a consumer than words. Broadly, then, enterprises are putting more money into creating visually powerful CEs.When they do that, they are trusting Adobe to do it better than anyone else. Why? Because Adobe has long been behind the market's best-in-class media creation and editing tools, and is now leveraging its expertise in creative media to built robust media-based CEs for enterprises of all shapes and sizes.This trend is just beginning. In 2020, it will gain serious momentum as enterprises increase their investment into CE. Adobe's growth rates will move higher. Profits will keep roaring higher. And ADBE stock will soar to new highs above $350. Autodesk (ADSK)Source: JHVEPhoto / Shutterstock.com Wells Fargo really likes shares of architecture, engineering, and construction (AEC) software giant Autodesk (NASDAQ:ADSK). They hiked their price target on ADSK stock to a Street-high $240. ADSK stock presently trades around $195.But, can ADSK stock -- which is already up 140% over the past three years -- rally another 25% over the next twelve months?I think so. Autodesk dominates the AEC software vertical with widely-used and largely unparalleled solutions such as AutoCAD (used for 2D and 3D modeling) and Revit (used for Building Information Modeling). This dominant positioning means that as AEC firms up their software spend in 2020 -- and they will, because AEC markets were among the hardest hit by trade issues -- most of them will up spend on Autodesk services. Autodesk's revenue, margin, and profit trends will consequently remain healthy over the next several quarters, and that will provide support for continued gains in ADSK stock.It also helps that valuation isn't that much of a problem for Autodesk. Realistically, this company is looking at over $6 in earnings per share by fiscal 2022 (current Street estimates sit around $6). Based on a 35-times forward earnings multiple, which is average for application software stocks, that implies a fiscal 2021 price target of at least $210 (keep in mind, Autodesk is almost at the end of fiscal 2020). * 10 Stocks to Buy as the 2020 Presidential Election Approaches So is $240 achievable? I think so, mostly because as Autodesk keeps beating estimates, forward estimates will move up, and fiscal 2022 earnings per share estimates will shake out somewhere well north of $6 when all is said and done. Microsoft (MSFT)Source: The Art of Pics / Shutterstock.com Wells Fargo also upped its price target on cloud giant Microsoft (NASDAQ:MSFT) and reiterated its "overweight" rating on the stock. I like this call, too, mostly because accelerating enterprise cloud momentum will support huge growth at Microsoft in 2020.Long story short, Amazon (NASDAQ:AMZN) has long been the king of the cloud infrastructure market with Amazon Web Services. But, Microsoft's cloud infrastructure offering, Azure, has been rapidly gaining on AWS for several years now. This culminated in late 2019, when the two services went head-to-head in a competition for a multi-billion dollar Pentagon cloud contract. Microsoft won.It was a surprise victory from a company that has historically placed second in the cloud infrastructure market. And, it marks a critical pivot wherein Microsoft's days as second place are coming to a close. In 2020, I expect multiple enterprises of all shapes and sizes to take note of Microsoft's big Pentagon cloud contract win, and choose Azure over AWS as their public cloud infrastructure provider. The more this happens, the more momentum Azure will gain.That's great news for MSFT stock. Over the past few years, as goes the cloud sector, so goes Microsoft stock. Splunk (SPLK)Source: Michael Vi / Shutterstock.com Perhaps the boldest move from the Wells Fargo team in its recent software stocks update was upping its price target on big data company Splunk (NASDAQ:SPLK) to a Street-high $200, calling for another 30%-plus upside in shares over the next twelve months.Can it happen? Yes. Mostly because the data boom is just starting.In a nutshell, Splunk helps enterprises of all shapes and sizes turn their raw machine data into valuable and actionable insights through their Data-to-Everything platform. Three big trends will promote increased adoption of this platform over the next several years.First, the volume of data globally will surge higher thanks to a proliferation of data-generating devices, like smart watches, smartphones, smart appliances, smart cars, etc. Second, the ability to generate valuable insights from that data will get better and better, thanks to things like machine learning. Third, enterprise data-driven decision making will go from luxury to necessity, as companies that don't do it will be left behind the curve.Broadly, then, Splunk projects to go from a niche data analytics platform today, to a must-have data-driven decision making companion by 2025. This transition will power sustained long term gains in Splunk stock.Of note, in 2020, SPLK stock will be pushed higher by: 1) increased enterprise software spending trends, 2) continued migration from a legacy license model, to a cloud-based business model, and 3) a 5G boom accelerating the data growth narrative.Overall, Splunk stock looks good both for 2020 and into 2025.AS of this writing, Luke Lango was long ADBE. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks on the Move Thanks to the Davos World Economic Forum * Invest in America's Most Trusted Brands With These 7 Stocks to Buy * 7 Earnings Reports to Watch Next Week The post 4 Boosted Enterprise Software Stocks to Buy in 2020 appeared first on InvestorPlace.
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Adobe stock gains after Oppenheimer upgrade, while Autodesk gets a downgrade
Shares of Adobe Systems Inc. are up 0.9% in premarket trading Friday after Oppenheimer analyst Brian Schwartz upgraded the stock to outperform from perform, while Autodesk Inc. shares are off 0.7% after he made the reverse move on that software stock. Schwartz said that Adobe is the closest supplier among those he covers to achieving the "holy grail" of the customer experience, which in his view is "having the capability to smoothly integrate customer data, workflow, analytics, compute and reporting in real-time, across all devices." As for his Autodesk downgrade, Schwartz is concerned that the company's strong execution in its construction business can't balance a weak macroeconomic backdrop in the manufacturing sector. Autodesk's stock has added 33% over the past three months, while Adobe's has climbed 28% and the S&P 500 has risen 11%.
- PR Newswire
Autodesk, Inc. Recommends Rejection of TRC Capital's "Mini-Tender" Offer
Autodesk, Inc. (NASDAQ: ADSK) today announced that it has been notified of an unsolicited "mini-tender" offer by TRC Capital Investment Corporation to purchase up to 1 million shares, or approximately 0.45 percent of outstanding shares, of Autodesk's common stock at $176.00 per share, which was approximately 4.84 percent below the closing share price of Autodesk's common stock on Jan. 3, 2020 ($184.95), the last trading day prior to the date of TRC Capital's mini-tender offer, and approximately 8.00 percent below the closing share price of Autodesk common stock on Jan. 14, 2020 ($191.11), the day prior to this release.
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Autodesk Prices $500 Million Notes Offering
Autodesk, Inc. (NASDAQ: ADSK) today announced the pricing of its notes in an aggregate principal amount of $500 million in an underwritten, registered public offering. The notes will mature on January 15, 2030 and will bear interest at an annual rate of 2.850 percent. The notes are Autodesk's senior unsecured obligations. The offering is expected to close on January 14, 2020, subject to customary closing conditions.
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Should You Worry About Autodesk, Inc.'s (NASDAQ:ADSK) CEO Pay?
In 2017 Andrew Anagnost was appointed CEO of Autodesk, Inc. (NASDAQ:ADSK). First, this article will compare CEO...
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Dow Jones Futures: Tesla Leads 5 Stocks Reclaiming Buy Points As Market Rally Hits New Highs; Boeing Extends Losses
Stock futures: AMD, Tesla, Disney, Splunk and Autodesk moved back into buy zones Monday as the stock markety hit new highs. Boeing extended losses as it confirmed a 737 Max production halt.
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Autodesk, IBD Stock Of The Day, Clears Three-Weeks-Tight Pattern
Autodesk is the IBD Stock Of The Day as the maker of computer-aided design software and workflow tools cleared a three-weeks-tight pattern. Autodesk jumped into a buy zone Monday.
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Adobe Bolsters 3D & VR Tools Portfolio With Oculus Medium
Adobe Systems (ADBE) acquires sculpting app called Oculus Medium from Facebook. This will enhance its Substance app for 3D texturing.
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Edited Transcript of ADSK earnings conference call or presentation 26-Nov-19 10:00pm GMT
Q3 2020 Autodesk Inc Earnings Call
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