William Von Mueffling's 13F portfolio value decreased this quarter from $10.75B to $9.04B. They added Applied Materials, Microsoft, and W R Grace & Co during the quarter. The portfolio continues to be very concentrated with the top five positi…
Autodesk (ADSK) delivered earnings and revenue surprises of 4.94% and 1.27%, respectively, for the quarter ended April 2020. Do the numbers hold clues to what lies ahead for the stock?
This is a copycat trading strategy based on the quarterly 13F filings of five hedge funds.The model holds the top 20 consensus picks from a group of five hedge funds.Changes in the holdings occur only every three months when the end-of-the-month 13F filings b…
Design software company Autodesk (ADSK) is gearing up to report its first quarter earning results today, May 27, after the market closes. Ahead of the results, five-star RBC Capital analyst Matthew Hedberg has set out his earnings preview, while reiterating a…
ServiceNow stock is the IBD Stock Of The Day as the cloud-based enterprise software maker posted better-than-expected first-quarter results.
Here is a sneak peek into how VMW, ADSK, ZS, OKTA and CRM are poised ahead of their earnings releases on May 28.
Both the Dow Jones Industrial Average (DJINDICES: ^DJI) and the S&P 500 (SNPINDEX: ^GSPC) rose over 3%. Costco's stock has outperformed during the recent market slump thanks to its persistently strong operating trends. The chain's earnings report on Thursday will include other important metrics like membership fee income, customer traffic, and subscriber renewal rates in both the U.S and international segments.
The 118-year-old retailer must negotiate deadline challenges and the overhang of the pandemic. And its fate hangs not on its brand or retailing skills, but on its commercial real estate.
Autodesk, Inc. (NASDAQ: ADSK) today announced the early release of the BIM 360 Assets module within Autodesk Construction Cloud. The BIM 360 Assets module enables construction teams to track and manage project assets through the entire building lifecycle - from design through handover - from one centralized location. The new module also gives construction teams increased access to asset data in the field, allowing them to perform commissioning and resolve defects on-site, decreasing the time to operations and ultimately reducing risk. The new BIM 360 Asset module will be included as part of BIM 360 Build subscriptions and generally available starting in mid-June.
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the first quarte…
24/7 Wall St. takes a look at Costco, Salesforce and some of the other key companies reporting quarterly results in this truncated trading week.
ADSK, BEST, BOX, CACC, COHR, DSGX, HPQ, NTAP, NTNX, PLT, SMTC, SPTN, TOL, UHAL, WDAYFor Seeking Alpha's full earnings season calendar, click here.
(Bloomberg) -- Box Inc. reported quarterly profit that easily beat Wall Street estimates, after the maker of file-sharing and collaboration software trimmed expenses. The stock rose more than 1% in extended trading.Earnings, excluding certain items, came in at 10 cents a share in the fiscal first quarter. Analysts were looking for 5 cents, on average, according to data compiled by Bloomberg. Sales rose 13% to $184 million, topping Wall Street projections.For the full fiscal year, Box forecast profit of 47 cents to 52 cents a share, compared with analysts’ estimates of 37 cents.Chief Executive Officer Aaron Levie has been under pressure to boost sales growth and profitability. He has sought to cut unnecessary expenses, and Wednesday’s results reflected that. The company said it expects an adjusted operating margin of 11% to 12% this fiscal year, up from a previous forecast of 9% to 10%. “Our Q1 results demonstrate the progress that we’ve made on driving a balance of growth and profitability, and our ability to power secure remote work for enterprises provides us a large opportunity going forward,” Levie said in a statement. Box reached an agreement in March with activist investor Starboard Value LP to appoint three new independent directors. The company unveiled a new app design and a deeper integration with Zoom Video Communications Inc. this month, in a bid to bolster the appeal of Box’s services.Now, Levie is contending with a coronavirus pandemic that has triggered a deep recession and forced millions of people to shelter at home. Box trimmed its annual sales forecast on Wednesday, suggesting weaker demand from small-business customers.Carl Bass, the former CEO of software maker Autodesk Inc. joined Box’s board, the company also announced.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Autodesk, Inc. (NASDAQ: ADSK) today announced that it will broadcast its first quarter fiscal 2021 financial results conference call live via its website Thursday, May 28, 2020, at 2:00 p.m. Pacific Time. Autodesk will host a live webcast call at www.autodesk.com/investors. An audio replay webcast and podcast will also be available after 5:00 p.m. Pacific Time on Autodesk's website at www.autodesk.com/investors. For more information, please call Autodesk Investor Relations at 415-507-6373.
Autodesk, Inc. (NASDAQ: ADSK) today announced powerful new integration capabilities for Autodesk Construction Cloud with the release of a new integration platform Autodesk Construction Cloud Connect and an expansion of its partner ecosystem. Autodesk added several new APIs enabling custom connections for BIM 360® and PlanGrid®, and 15 new native integrations, bringing the total number of direct integrations in the Autodesk Construction Cloud ecosystem up to over 140. Project teams can now more easily build custom integrations and streamline data across workflows – from design to planning, building and operations – so they can increase efficiency and productivity.
Autodesk, Inc. (NASDAQ: ADSK) today reported financial results for the first quarter of fiscal 2021.
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the first quarte…
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the m…
Autodesk Inc. shares fell 0.8% in the extended session Wednesday after the software company reported earnings that topped consensus estimates. Autodesk reported first-quarter net income of $66.5 million, which amounts to 30 cents a share, versus a net loss of…
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the first quarter. You can find articles about an individual hedge fund's trades on numerous financial […]
Autodesk, Inc. (NASDAQ: ADSK) today announced that it has rescheduled its first quarter fiscal 2021 financial results conference call to Wednesday, May 27, 2020, due to scheduling conflicts. Autodesk will host a live webcast call on Wednesday, May 27, 2020 at 2:00 p.m. PT at www.autodesk.com/investors. An audio replay webcast will also be available after 5:00 p.m. PT on Autodesk's website at www.autodesk.com/investors.
Autodesk Inc. shares fell 0.8% in the extended session Wednesday after the software company reported earnings that topped consensus estimates. Autodesk reported first-quarter net income of $66.5 million, which amounts to 30 cents a share, versus a net loss of $24.2 million, or 11 cents a share, in the year-ago period. Adjusted for stock-based compensation, among other things, earnings were 85 cents a share. Revenue rose to $885.7 million from $735.5 million a year ago. Analysts polled by FactSet had expected adjusted earnings of 80 cents a share on sales of $871.8 million. Autodesk said it expects adjusted second-quarter earnings of 86 cents to 92 cents and sales of $890 million to $905 million. For the second quarter, analysts model adjusted earnings of 93 cents a share and sales of $912.6 million. Shares of Autodesk have gained 8.9% this year, as the S&P 500 index fell 7.4%.
In a bullish day for the coronavirus market rally, several leading stocks rebounded from key levels, often offering new buying opportunities. Boeing 737 Max production resumed.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the m…
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Design software company Autodesk (ADSK) is gearing up to report its first quarter earning results today, May 27, after the market closes. Ahead of the results, five-star RBC Capital analyst Matthew Hedberg has set out his earnings preview, while reiterating a buy rating and $205 price target (3% upside potential).“We remain conservatively below consensus for FY/21 based on COVID-related impacts, but bullish on their long-term opportunity” the analyst wrote. “For the quarter, we expect some upside to our Q1 expectations but believe management likely remains appropriately conservative for the balance of FY/21 due to COVID” he added.Specifically, Hedberg is now expecting some upside to his previously reduced Q1 estimates, but a reduced full year outlook vs original guidance, with Q1 revenue of $860.5M (+17% y/y) vs consensus of $874M (+19%); Q1 subscription revenue of $780.5M (+31%) vs consensus of $793M (+33%) and; Q1 FCF of $196.8M vs consensus of $272M.For FY/21 he is looking for revenue of $3,701M (+13%) vs guidance of $3,960M (+21%) and consensus of $3,803M (+16%) and FY/21 FCF of $1,439M vs guidance of $1,660M and consensus $1,487M.Investor sentiment is veering towards the low-side heading into earnings, says Hedberg, but he “continues to believe ADSK remains well-positioned to deliver on its FY/23 guidance benefiting from multiple drivers…and time.” From the analyst’s reseller survey, he notes strong renewal trends and an uptick in 360 usage (particularly BIM360 Design), offset by challenges to new business and shorter contract duration.“We feel the new-normal coming out of COVID could be faster adoption of the company’s cloud portfolio, which should be a source of competitive differentiation” he says.Interestingly, as the RBC analyst points out, ADSK peers outperformed consensus sales estimates in their most recent quarter by 1.4% on average but reduced their FY revenue outlook by an average of 5.4% due to a more challenging selling environment.The day after earnings, the group traded on average 2.3% lower as sentiment was low into earnings, but are since up +6.2%, Hedberg writes.Overall, ADSK shows a cautiously optimistic Moderate Buy analyst consensus with 9 recent buy ratings, 4 holds and 3 sells. Meanwhile the average analyst price target of $195 indicates 2% downside potential from current levels. Shares are currently trading up 9% year-to-date, with a 2.5% gain over the last five days. (See ADSK stock analysis on TipRanks).Related News: Amazon Launches Food Delivery Services In India – Report Google, Apple Roll Out Coronavirus Contact Tracing Technology Facebook Workplace Hits 5 Million Paid Users As Remote Work Demand Rises More recent articles from Smarter Analyst: * Data Center Set to Send Nvidia Stock Soaring Even Higher * Google Pay App May Face Anti-Trust Probe In India – Report * Trump Threatens Twitter After It Labels His Tweets "Potentially Misleading" * General Electric Surges 8% Amid Sale Of Lighting Unit To Savant
After wrapping up its business model transition, it should be back to earnings as usual Continue reading...
Results are due May 27 after the close, and the stock is still in buy range from a 189.96 entry.
Computer-aided design software maker Autodesk late Wednesday beat Wall Street estimates for its fiscal first quarter but missed with its outlook. ADSK stock fell in late trades.
Higher subscription revenues, rapid adoption of maintenance-to-subscription program, solid renewals and strength in new customer billings are likely to have aided Autodesk's (ADSK) Q1 performance.
Autodesk, Inc. (NASDAQ: ADSK) today reported financial results for the first quarter of fiscal 2021.
The Dow Jones Industrial Average has been a bright spot in today's stock market action, holding its gains from yesterday's bullish run.
Good news from Gilead Sciences and a statement from the Federal Reserve offset some grim economic numbers
Tuesday's top analyst upgrades and downgrades included Beyond Meat, BioNTech, Comcast, DraftKings, Expedia, Gap, Gilead Sciences, Hess, Lululemon Athletica, Newmont and Royal Gold.
The design software specialist is expected to show strong first-quarter sales growth when it reports later this month.
Autodesk (ADSK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.