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Autodesk (ADSK) Catches Eye: Stock Jumps 14.9%

Zacks

Autodesk, Inc. ADSK was a big mover last session, as the company saw its shares rise nearly 15% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 31.4% in the past one-month time frame.

The move came after the company reported better than expected results for the fourth quarter of fiscal 2018.

The company has seen a mixed track record when it comes to estimate revision of one increase and one decrease over the past few months, while the Zacks Consensus Estimate for the current quarterremained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Autodesk currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.


A better-ranked stock in the Computer – Software industry is DST Systems, Inc. DST, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is ADSK going up? Or down? Predict to see what others think: Up or Down

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