Rosenblatt Remains Sidelined on Autodesk (ADSK) Ahead of 2Q Report

August 24, 2016 11:15 AM EDT
Get Alerts ADSK Hot Sheet
Price: $78.62 -3.32%

Rating Summary:
    17 Buy, 10 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 11
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Rosenblatt reiterates a Neutral rating and $54.00 price target on Autodesk (NASDAQ: ADSK) ahead of the company's 2Q earnings report.
Street expectations for ADSK's revenue is $511M and ($0.14) loss, in the middle of the company's guidance.

Analyst Kirk Adams commented, "Autodesk reports their 2Q17 on Thursday, August 25th. Street expectations are for revenue of $511M and ($0.14) loss, smack dab in the middle of company guidance. We are slightly lower on revenues and a little better ($0.12) on the loss. With the transition to subscription, a lower revenue number should be positive as it means that the transition to subscription is happening a little faster than expected. We still believe that demand is good across their geographies."

For an analyst ratings summary and ratings history on Autodesk click here. For more ratings news on Autodesk click here.

Shares of Autodesk closed at $63.46 yesterday.

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