Autodesk (ADSK) Tops Q2 EPS by 8c
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Autodesk (ADSK) Falls on Lowered Billings and FCF Guidance, Analyst Remains Bullish LT
August 26, 2021 10:24 AM EDTShares of Autodesk (NASDAQ: ADSK) are down by nearly 7% after the company reported Q2 results.
ADSK reported Q2 EPS of $1.21 to beat the Street consensus of $1.13. Revenue for the quarter came in at $1.06 billion versus the consensus estimate of $1.05 billion.
"Sustained and purposeful innovation to enable digital transformation in the industries we serve is changing our relationship with our customers from software vendor to strategic partner," said Andrew Anagnost, Autodesk president and CEO.
"And that is enabling us to create more value through end-to-end, cloud-based solutions that connect data and... More
Autodesk (ADSK) PT Lowered to $370 at Mizuho Securities
August 26, 2021 6:34 AM EDTMizuho Securities analyst Matthew Broome lowered the price target on Autodesk (NASDAQ: ADSK) to $370.00 (from $380.00) while maintaining a Buy rating following earnings.
The analyst commented, "ADSK reported F2Q revenue and billings that were roughly in line with Street forecasts, and noted improving... More
