Autodesk Inc. (ADSK): Today's Featured Technology Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 0.1%. By the end of trading, Autodesk fell $1.19 (-3.2%) to $35.39 on heavy volume. Throughout the day, 4,488,704 shares of Autodesk exchanged hands as compared to its average daily volume of 2,756,100 shares. The stock ranged in price between $34.73-$36.68 after having opened the day at $36.51 as compared to the previous trading day's close of $36.58. Other companies within the Technology sector that declined today were:
(
), down 27.3%,
(
), down 25.0%,
(
), down 21.4% and
(
), down 16.3%.
Autodesk, Inc. operates as a design software and services company worldwide. Autodesk has a market cap of $8.1 billion and is part of the computer software & services industry. Shares are up 2.3% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Autodesk a buy, 1 analyst rates it a sell, and 9 rate it a hold.
TheStreet Ratings rates
Autodesk
as a
. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Autodesk Ratings Report.
On the positive front,
(
), up 20.0%,
Daegis
(
DAEG
), up 17.4%,
(
), up 17.4% and
(
), up 16.6% , were all gainers within the technology sector with
(
) being today's featured technology sector leader.
- Use our technology section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider
(
) while those bearish on the technology sector could consider
ProShares Ultra Short Technology
(
).
- Find other investment ideas from our top rated ETFs lists.
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