Autodesk Inc. (ADSK): Today's Featured Computer Software & Services Loser
Autodesk (ADSK) pushed the Computer Software & Services industry lower today making it today's featured Computer Software & Services loser. The industry as a whole closed the day down 1.4%. By the end of trading, Autodesk fell $4.47 (-12.9%) to $30.26 on heavy volume. Throughout the day, 23.9 million shares of Autodesk exchanged hands as compared to its average daily volume of 2.7 million shares. The stock ranged in price between $28.52-$32.33 after having opened the day at $31.91 as compared to the previous trading day's close of $34.73. Other company's within the Computer Software & Services industry that declined today were: Recon Technology (RCON), down 15.3%, The9 (NCTY), down 11.4%, NQ Mobile (NQ), down 9.8%, and Vringo (VRNG), down 9.3%.
Autodesk, Inc. provides design software and services to customers worldwide. Autodesk has a market cap of $8.31 billion and is part of the technology sector. The company has a P/E ratio of 20.6, below the average computer software & services industry P/E ratio of 29.4 and above the S&P 500 P/E ratio of 17.7. Shares are up 14.5% year to date as of the close of trading on Thursday. Currently there are nine analysts that rate Autodesk a buy, no analysts rate it a sell, and eight rate it a hold.
TheStreet Ratings rates Autodesk as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
- You can view the full Autodesk Ratings Report.
On the positive front, Helios & Matheson Information Technology In (HMNY), up 15.2%, Velti (VELT), up 14.4%, icad (ICAD), up 12%, and Wireless Ronin Technologies (RNIN), up 10%, were all gainers within the computer software & services industry with Infosys (INFY) being today's featured computer software & services industry winner.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer software & services industry could consider iShares S&P NA Tech Software Idx (IGV) while those bearish on the computer software & services industry could consider ProShares Ultra Short Technology (REW).
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