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March 3, 2014
06:08 EDTADSKAutodesk downgraded to Sell from Neutral at Citigroup
Citigroup downgraded Autodesk to Sell citing valuation and its belief the company's long-term targets look too high. Citi keeps a $36 price target for shares.
News For ADSK From The Last 14 Days
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September 30, 2015
08:44 EDTADSKAutodesk requires more patience but end still compelling, says Cowen
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September 29, 2015
15:26 EDTADSKAutodesk took 'major step' in right direction with analyst day, says JPMorgan
JPMorgan analyst Sterling Auty said that Autodesk took a "major step in the right direction" by giving transparency on what the company should look like through its subscription transition and beyond during its analyst day meeting. Among the "number of positives" coming from the meeting are the company's explicit revenue and margin guidance through the transition, its outlook for cash flow greater than $4 per share in FY20, and its assertion that the subscription shift is expanding its market opportunity, Auty said. The analyst has an Overweight rating on Autodesk shares.
15:08 EDTADSKAutodesk sees strong growth in ARR and subscriptions from FY16 to FY20
Autodesk sees strong growth in ARR and subscriptions from FY16 to FY20. The company notes that FY17 is the inflection point as perpetual license sales end. the company sees traditional financial metrics to normalize by FY20. Autodesk sees revenue of at least $3.5B in FY20 with sustainable double-digit growth. Sees Non-GAAP operating margin in the mid-20% range in FY20 and increasing to 30% plus. Sees free cash flow of $1B in FY20 and increasing. The company added that model acceleration continues beyond FY20. Information from company slides presentation.
08:32 EDTADSKAutodesk still sees FY16 adjusted EPS 60c-72c, consensus 67c
Sees FY16 revenue $2.47B-$2.51B, consensus $2.48B. Sees billings up 2%-4%. Sees net subscription additions 375,000-425,000.
08:31 EDTADSKAutodesk still sees Q3 adjusted EPS 5c-10c, consensus 7c
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September 27, 2015
12:43 EDTADSKAutodesk shares could rise 50% in 18 months, Barron's says
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September 25, 2015
08:59 EDTADSKAutodesk, Workday, Veeva weakness present buying opportunities, says Canaccord
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September 24, 2015
08:06 EDTADSKAutodesk to acquire netfabb, terms not disclosed
Autodesk has signed a definitive agreement to acquire netfabb, a Lupburg, Germany-based developer of software solutions for industrial additive design and manufacturing. Autodesk will also make a strategic investment in FIT Technology Group, the parent company of netfabb and provider of additive manufacturing software and services. The two companies will collaborate to increase adoption of technology for industrial additive manufacturing. Autodesk plans to use foreign capital for the transaction, which is expected to close in Autodesk's Q4 FY2016. Terms of the transaction were not disclosed.
05:18 EDTADSKAutodesk to host investor day
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