Investing Tip

AUTODESK Set to Report Second-Quarter Results, Investment Firm Says Software Demand Has Accelerated


1 Mins read

Trending News 🌧️

Autodesk($NASDAQ:ADSK) is scheduled to report second-quarter results on August 24 and investment firm Baird said software demand for the project management and lifestyle sector has accelerated compared to two years ago. Analyst Joe Vruwink noted that software demand is up 12% year-over-year, which is consistent with the most recent quarter, but an acceleration over two years ago. This is good news for Autodesk, as it indicates that their software is in high demand and that this demand is increasing. This is likely to have a positive impact on their market share and earnings in the long term.

Market Reaction

Autodesk, Inc. (Nasdaq: ADSK) is set to report second-quarter results on Thursday, August 20, 2020, according to an investment firm. The firm said that software demand has accelerated, driven by work-from-home requirements and the need for businesses to digitize operations. Autodesk stock opened at $232.40 on Monday and closed at $234.00, up 0.40% from its last closing price of $233.00.

name; $reg_url_w_utm2 = '' . $post_id; if (str_contains($first_tag, '$')) { ?>
nasdaq:adsk, market news, nasdaq, stock analysis
VI Analysis

Company’s fundamentals reflect its long term potential, below analysis on AUTODESK are made simple by VI app. According to VI Star Chart AUTODESK is strong in asset, growth, profitability, and weak in dividend. AUTODESK has an intermediate health score of 6/10 considering its cashflows and debt, is likely to sustain future operations in times of crisis. AUTODESK is classified as ‘gorilla’, a type of company that achieved stable and high revenue or earning growth due to its strong competitive advantage. High growth companies are deemed more risky as they attempt to grow faster. nasdaq:adsk, market news, nasdaq, stock analysis

name; } $link_url_w_utm = get_link_url(); ?>

name; } $reg_url_w_utm1 = '' . $post_id; ?>
nasdaq:adsk, market news, nasdaq, stock analysis
The firm expects the company to report revenue and EPS above the Street’s consensus estimates. Wedbush has an Outperform rating and $180 price target on the stock. On August 27, 2020, Autodesk shares closed at $174.88, up 0.4% from the previous day’s close of $174.02.
Related posts
Banks - RegionalDividendsIntrinsic Value

OVBC dividend - Ohio Valley Banc Corporation Announces 0.21 Cash Dividend


Dividends Yield OVBC dividend – On January 18 2023, Ohio Valley Banc ($NASDAQ:OVBC) Corporation (OVBC) announced a 0.21 USD cash dividend per share. OVBC has issued an annual dividend per share of 0.84 USD for…
Computer HardwareIntrinsic Value

Pure Storage, Delivers Cost-Effective and Efficient Data Storage Solutions for Optimal Performance


Trending News ☀️ Pure Storage Intrinsic Value – Pure Storage ($NYSE:PSTG), Inc. (NYSE: PSTG) is a leading provider of cost-effective and efficient data storage solutions that help organizations reduce costs and optimize long-term performance. PSTG…
Intrinsic ValueMarket PriceMetal Fabrication

Northwest Pipe Stock Price Surges Above 200-Day Moving Average


Trending News 🌥️ Northwest Pipe Stock Fair Value – On Monday, Northwest Pipe ($NASDAQ:NWPX) Co. (NASDAQ: NWPX) saw its stock price soar above its 200-day moving average of $32.46. Northwest Pipe is a leading manufacturer…
Intrinsic ValueProfitabilityREIT - Mortgage

Alaska Department of Revenue Reduces Stock Holdings in Invesco Mortgage Capital


Trending News 🌥️ IVR Stock Fair Value – The Alaska Department of Revenue has recently taken action to reduce its stock holdings in Invesco Mortgage Capital ($NYSE:IVR) Inc. (IVR). This is a real estate investment…
Intrinsic ValueLeisure

Six Flags Entertainment Ready to Partner with Universal's New Frisco Theme Park


Trending News ☀️ SIX Intrinsic Value – Now, Six ($NYSE:SIX) Flags is looking to take its partnership game to the next level and is eager to collaborate with Universal’s new theme park in Frisco, Texas….
Consulting ServicesIntrinsic Value

Franklin Covey Co. Shares Jump Over 5% to $45.52


Trending News ☀️ Franklin Covey Stock Fair Value – Franklin Covey ($NYSE:FC) Co. is a global leader in performance improvement solutions that equip individuals and organizations with the skills and tools to be successful. On…
Intrinsic ValueResorts & Casinos

Vail Resorts Reports 12.5% Increase in Skier Visits Despite Slight Trading Drop


Trending News ☀️ Vail Resorts Intrinsic Value – Vail Resorts ($NYSE:MTN) is a leading provider of ski experiences in North America and beyond. The company operates a variety of resorts and regional ski areas, including…
BiotechnologyIntrinsic Value

Verona Pharma PLC American Depositary Share Closes at $23.69, Down 0.96% from Previous Day


Trending News ☀️ Verona Pharma Intrinsic Value – Verona Pharma ($NASDAQ:VRNA) PLC American Depositary Share (ADR) closed at $23.69 on Tuesday, representing a decrease of 0.96% from the previous day’s closing price. This news is…
Software - Application

Benefitfocus, (NASDAQ:BNFT) Surpasses 50-Day Moving Average


Trending News 🌥️ Benefitfocus ($NASDAQ:BNFT), Inc. (NASDAQ:BNFT) is a technology company that provides cloud-based benefits management software solutions to employers, health plans, and brokers in the United States. On Tuesday, Benefitfocus, Inc. (NASDAQ:BNFT) saw its…
Electrical Equipment & PartsIntrinsic Value

FREYR Battery Achieves Success in Equity Raise, Growing Order Book to 130GWh and Optimistic Investor Response


Trending News ☀️ Freyr Battery Intrinsic Value – FREYR ($NYSE:FREY) Battery is a leading producer of lithium-ion batteries and energy storage solutions. The company recently completed an equity raise, which was a great success despite…