Autodesk raised its forecast for fiscal 2025 revenue and profit on Thursday, citing robust spending on its design software amid signs of an easing economy, sending shares up more than 5% in extended trading.
ADSK's fiscal second-quarter 2025 results may show robust software demand but caution is warranted given its maturing subscription model and high valuation.
Autodesk has underperformed the S&P 500 YTD, with upcoming Q2 earnings on August 29 expected to show 10% revenue growth and 5% non-GAAP EPS growth YoY. Activist investor Starboard urges Autodesk to improve margins and replace the CEO, due to questionable business practices and misleading shareholders. Despite product innovation with Project Bernini and a new transaction model, uncertainties around management and accounting practices blur growth prospects.
Evaluate the expected performance of Autodesk (ADSK) for the quarter ended July 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
In the most recent trading session, Autodesk (ADSK) closed at $250.13, indicating a -0.39% shift from the previous trading day.
Autodesk (ADSK) closed the most recent trading day at $246.22, moving +0.66% from the previous trading session.
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Activist investor Starboard Value has been engaging with the board of Autodesk , continuing its push to improve the design software maker's operations and financial performance, CNBC reported on Tuesday, citing a presentation.
Activist Starboard Value is pushing Autodesk to reassess whether longtime CEO Andrew Anagnost is the right person for the job. Starboard disclosed a roughly $500 million stake in the company earlier this year, and in a presentation to Autodesk's board highlighted margin underperformance and missed investor targets.
In the most recent trading session, Autodesk (ADSK) closed at $242.58, indicating a +0.71% shift from the previous trading day.