Autodesk Inc. (ADSK): Today's Featured Computer Software & Services Laggard

Autodesk ( ADSK) pushed the Computer Software & Services industry lower today making it today's featured Computer Software & Services laggard. The industry as a whole closed the day down 0.5%. By the end of trading, Autodesk fell 52 cents (-1.5%) to $34.16 on average volume. Throughout the day, 2.4 million shares of Autodesk exchanged hands as compared to its average daily volume of 2.8 million shares. The stock ranged in price between $33.96-$34.93 after having opened the day at $34.90 as compared to the previous trading day's close of $34.68. Other companies within the Computer Software & Services industry that declined today were: NCR Corporation ( NCR), down 9.8%, GSE Systems ( GVP), down 9.1%, Brightcove ( BCOV), down 8.6%, and Wireless Ronin Technologies ( RNIN), down 7.9%.

Autodesk, Inc. provides design software and services to customers worldwide. Autodesk has a market cap of $8.08 billion and is part of the technology sector. The company has a P/E ratio of 19.6, below the average computer software & services industry P/E ratio of 27.7 and above the S&P 500 P/E ratio of 17.7. Shares are up 14.3% year to date as of the close of trading on Monday. Currently there are nine analysts that rate Autodesk a buy, no analysts rate it a sell, and seven 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, increase in net income and reasonable valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, Velti ( VELT), up 11.9%, icad ( ICAD), up 11.9%, Kingtone Wirelessinfo Solution ( KONE), up 8.9%, and NQ Mobile ( NQ), up 6.1%, were all gainers within the computer software & services industry with Automatic Data Processing ( ADP) being today's featured computer software & services industry leader.

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).
null

If you liked this article you might like

Cloud Software Is Booming -- Just Ask Workday and Salesforce

Cloud Software Is Booming -- Just Ask Workday and Salesforce

Cramer: Fantasy Shmantasy -- Let's Get Real With These Stock Picks

Panic Isn't Lasting Long in This Stock Market

Vision of 2 Retailers; Panic's Length -- Jim Cramer's Top Thoughts