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Stock Market & Financial Investment News

News Breaks
July 1, 2014
08:36 EDTADSKAutodesk guidance reassuring, says Longbow
After Autodesk (ADSK) announced that its CFO was leaving but said it expects its Q2 results to be at or above guidance, Longbow believes that the company's statements about Q2 are reassuring. The firm says that the CFO's departure may have been unexpected, but it still believes that the stock's multiple can rise going forward. The firm keeps an Overweight rating on the shares.
News For ADSK From The Last 14 Days
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February 26, 2015
18:43 EDTADSKOn The Fly: After Hours Movers
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16:07 EDTADSKAutodesk sees FY16 EPS $1.05-$1.20, consensus $1.32
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16:06 EDTADSKAutodesk sees Q1 EPS 25c-30c, consensus 32c
Sees Q1 revenue $625M-$645M, consensus $627.5M.
16:05 EDTADSKAutodesk reports Q4 EPS 25c, consensus 24c
Reports Q4 revenue $664.6M, consensus $650.5M.
15:30 EDTADSKNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Monster Beverage (MNST), consensus 59c... Ross Stores (ROST), consensus $1.11... Gap (GPS), consensus 74c... Autodesk (ADSK), consensus 24c... Universal Health Services (UHS), consensus $1.50... Southwestern Energy (SWN), consensus 50c... Ensco (ESV), consensus $1.36... J.C. Penney (JCP), consensus 11c... Nimble Storage (NMBL), consensus (14c)... Herbalife (HLF), consensus $1.22... Allscripts Healthcare (MDRX), consensus 9c... SBA Communications (SBAC), consensus 2c... Aruba Networks (ARUN), consensus 27c... Splunk (SPLK), consensus 4c... Air Lease (AL), consensus 61c... Ingram Micro (IM), consensus 99c... Weight Watchers (WTW), consensus 7c... Northern Oil and Gas (NOG), consensus 19c... Envision Healthcare (EVHC), consensus 36c... Infoblox (BLOX), consensus 5c... Live Nation (LYV), consensus (41c)... OmniVision (OVTI), consensus 29c... Bonanza Creek Energy (BCEI), consensus 27c.
15:22 EDTADSKAutodesk technical comments ahead of results
The shares have been trading in a range largely bound by $55 at the low and $63 at the high for the past three months. That range may therefore be helpful in determining where prices may head following earnings. The $63 level is also the life high for the shares, and a break above the range and that life high would be particularly bullish as a result. A run to the $65 to $75 area would be probable given price dynamics at breaks above life highs in the past. If there is a disappointment in results or outlook, the first significant test of support would come at the 30-day moving average at $58.14. A breakdown below the average would likely see a test of the range low at $55, followed by support at $53.02, a pivot low from early February.
February 24, 2015
14:46 EDTADSKAutodesk March volatility elevated into Q4 and outlook
Autodesk March call option implied volatility is at 38, April is at 30, July is at 29; compared to its 26-week average of 33 according to Track Data, suggesting larger near term price movement into the expected release of Q4 results after market close on February 26.
February 19, 2015
07:56 EDTADSKAutodesk should beat expectations next week, says Rosenblatt
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February 17, 2015
07:24 EDTADSKAutodesk checks indicate demand remains healthy, says Credit Suisse
Credit Suisse's checks indicate demand remains healthy across Autodesk's product lines for the January quarter. The firm expects the upcoming forces migration to subscription will drive a "run on new licenses," driving revenue upside for the year. Credit Suisse does not believe the business model transition is fully reflected in shares and reiterates its Outperform rating and $70 price target.

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