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Autodesk, Inc. (ADSK)

  • Aug. 23, 2013, 10:19 AM
    • Pandora (P -12.8%) has been downgraded by Raymond James (Neutral) and Stifel (Hold) following its FQ2 beat, mixed guidance, and decision to remove its mobile listening cap.
    • VMware (VMW +2.7%) has been upgraded to Buy by Jefferies. The company's annual VMworld conference starts on Sunday.
    • CenturyLink (CTL +1.2%) has been upgraded to Neutral by Nomura.
    • Renren (RENN +6.8%) has been upgraded to Hold by Jefferies following the sale of its Nuomi group-buying site to Baidu. The firm downgraded Renren only a week ago.
    • First Solar (FSLR +1%) and Trina Solar (TSL +2.7%) have been upgraded to Market Perform by Raymond James. RJ downgraded First Solar in April.
    • Autodesk (ADSK +12.6%) has been upgraded to Buy by B. Riley. Shares are surging after initially falling in AH trading in response to the light FQ3 guidance accompanying Autodesk's FQ2 beat.
    • (DATE -3.4%) has been cut to Market Perform by Oppenheimer two day after posting Q2 results.
    • SunEdison (SUNE -0.4%) has been upgraded to Buy by Needham a day after announcing plans to spin off its semiconductor wafer ops through an IPO.
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  • Aug. 23, 2013, 9:15 AM
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  • Aug. 22, 2013, 5:30 PM
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  • Aug. 22, 2013, 4:20 PM
    • Autodesk (ADSK) expects FQ3 revenue of $540M-$555M and EPS of $0.36-$0.40, below a consensus of $580.9M and $0.50. The CAD software giant blames "challenging dynamics" within certain end-markets.
    • In addition, Autodesk isn't providing any FY14 guidance. In May, the company guided for ~3% FY14 rev. growth. The consensus is currently at 2.2%.
    • Platform Solutions & Emerging Business remains a weak spot: revenue -9% Y/Y in FQ2 vs. -6% in FQ1. The same goes for Media & Entertainment, -11% vs. -8%. Architecture, Engineering, and Construction (+6% vs. +4%) and Manufacturing (+2% vs. -4%) are healthier.
    • EMEA revenue -4% Y/Y, Americas, +2%, Asia-Pac -1%. Flagship products revenue -11% to $289M, Suites +18% to $193M, new & adjacent products -1% to $80M.
    • Deferred revenue -6% Q/Q and +7% Y/Y to $806M.
    • CC at 5PM ET. FQ2 results, PR
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  • Aug. 22, 2013, 4:04 PM
    • Autodesk (ADSK): Q2 EPS of $0.45 beats by $0.03.
    • Revenue of $562M (-1% Y/Y) beats by $1.27M. (PR)
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  • Aug. 22, 2013, 12:10 AM
  • Aug. 21, 2013, 5:35 PM
  • Aug. 19, 2013, 11:39 AM
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  • Aug. 8, 2013, 7:45 PM
  • Aug. 6, 2013, 9:22 AM
    • TeamPlatform's cloud-based software allows project design and engineering teams to share files and collaborate on CAD/3D printing projects.
    • 3D Systems (DDD) says TeamPlatform's offerings will be integrated with its Geomagic professional 3D object design/scanning software, and also its consumer 3D printing portal/marketplace.
    • With this acquisition, 3D Systems is encroaching on Autodesk's (ADSK) turf. The CAD software giant competes with TeamPlatform via its comprehensive Autodesk 360 cloud CAD software suite. (PR)
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  • Jun. 28, 2013, 2:24 PM
    In addition to IBM, several other enterprise IT names are pressured by Accenture's (ACN -10.3%) May quarter revenue miss (caused by consulting weakness), light guidance, and commentary about soft European demand. SAP (SAP -3.6%), Autodesk (ADSK -2.3%), Qlik (QLIK -2.1%), and Informatica (INFA -1.8%), all of whom have strong European exposure, are among the casualties. Other decliners include VMware (VMW -1.5%), Salesforce (CRM -1.9%), Teradata (TDC -1.8%), and CommVault (CVLT -3.9%). In his downgrade note on Accenture, Raymond James' Brian Gesuale mentioned "ERP [software consulting] work is showing signs of commoditization and short-term projects remain on the shelf." That might not be going over well with SAP investors.
  • Jun. 26, 2013, 2:00 PM
    Windows 8.1 will include 3D printing APIs meant to ease the process of building apps that support the technology, Microsoft (MSFT) announces at its BUILD conference. Among the APIs is a 3D printing dialog menu similar to the standard print dialog found in many Windows apps. 3D Systems (DDD +0.9%), Stratasys (SSYS +1.3%) acquisition target MakerBot, and CAD software giant Autodesk (ADSK +1.4%) plan to support the APIs.
  • May. 19, 2013, 2:09 PM
    Autodesk (ADSK) is acquiring Tinkercad, a developer of low-cost, web-based, 3D modeling and simulation tools. In tandem with the deal, Autodesk says it will revive Tinkercad's modeling service, which the startup recently said it would discontinue to focus on its supercomputer-powered Airstone simulation environment. Tinkercad's offerings will be added to Autodesk's 123D family of hobbyist-focused 3D design products, which now includes iPad apps. Terms are undisclosed. (other acquisitions: Firehole Composites, PI-VR, Qontext, Inforbix, Socialcam)
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  • May. 17, 2013, 9:10 AM
    Premarket gainers: MHGC +20%. NBG +19%. JRCC +8%. HALO +6%. RKUS +5%.
    Losers: ARUN -27%. ADSK -7%.
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  • May. 16, 2013, 5:41 PM
    After-hours top gainers, as of 5:15 p.m.: SINA +4.7%. EA +2.7%. NBG +2.5%. AKAM +2.4%. DYAX +2.4%.
    After-hours top losers: ARUN -13.7%. ADSK -5.2%. BRCD -4.9%. JWN -3.5%. EGLE -2.4%.
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  • May. 16, 2013, 4:46 PM
    More on Autodesk: Company blames a "mixed global economy" and a "weak April" for FQ1 miss. FQ2 guidance is for revenue of $550M-$570M and EPS $0.39-$0.44, below a consensus of $597.5M and $0.51. Revenue now expected to grow ~3% in FY14 (ends Jan. '14), below a 5.9% consensus. Deferred revenue +3% Q/Q and +17% Y/Y to $861M. EMEA -4% Y/Y, worse than FQ4's -2%. Asia-Pac -3%, much worse than FQ4's +11%. Americas -3% vs. -2%. Two product weak spots: Platform Solutions & Emerging Business -6%, Media & Entertainment -8%. Construction +4%, manufacturing -4%. $129M in buybacks. ADSK -7.3% AH. CC at 5PM ET (webcast). (PR) (prepared remarks - .pdf)
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Company Description
Autodesk Inc designs software and services company, offering customers productive business solutions through powerful technology products and services.