Revenue Update on Autodesk(NASDAQ:ADSK)

Autodesk(NASDAQ:ADSK) announced the earnings results for Fiscal Year 2017 and Q3. The results came in during After-hours on Nov 29, 2016. Company reported revenue of $489.60M. Analysts estimated a revenue of $476.76M. The revenues were $12.84M or 2.69% above the estimates. Earnings per share were $-0.18. The reported EPS was above estimates by $0.06 or 25.00%. Analysts had estimated an EPS of $-0.24.

In a different note, Evercore ISI Group said it Initiates Coverage on Autodesk, according to a research note issued on Sep 15, 2016. The shares have been rated ‘Buy’ by the firm. Evercore ISI said it Initiates Coverage on Autodesk, according to a research note issued on Sep 14, 2016. The shares have been rated ‘Buy’ by the firm.

Autodesk (ADSK) made into the market gainers list on Tuesdays trading session with the shares advancing 0.11% or 0.08 points. Due to strong positive momentum, the stock ended at $75.26, which is also near the day’s high of $75.98. The stock began the session at $75.31 and the volume stood at 28,34,539 shares. The 52-week high of the shares is $78.58 and the 52 week low is $41.6. The company has a current market capitalization of $16,700 M and it has 22,18,92,960 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Nov 14, 2016, Andrew Anagnost (SVP, ISM) sold 4,525 shares at $75.00 per share price.Also, On Nov 4, 2016, Richard Scott Herren (Chief Financial Officer) sold 1,500 shares at $68.91 per share price.On Nov 2, 2016, Jan Becker (SVP, Human Resources) sold 17,363 shares at $71.71 per share price, according to the Form-4 filing with the securities and exchange commission.

Autodesk Inc. (Autodesk) 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; manufacturing and digital media consumer and entertainment industries. The Company operates in four segments: Architecture Engineering and Construction (AEC) Platform Solutions and Emerging Business (PSEB) Manufacturing (MFG) and Media and Entertainment (M&E). The PSEB AEC and MFG segments offer a range of services including consulting support and training. The M&E segment offers software products to creative professionals post-production facilities and broadcasters for a variety of applications including feature films television programs commercials music and corporate videos interactive game production Web design and interactive Web streaming.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Autodesk - Is it time to Sell?

Top Brokerage Firms are advising their investors on Autodesk. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.