Why Autodesk (ADSK) Stock Is Falling In Pre-Market Trading Today

NEW YORK (TheStreet) -- Autodesk (ADSK) shares are down -0.67% in pre-market trading today after CFO Mark Hawkins left the design software and services company to take a similar position at Salesforce.com  (CRM).

The company also lowered their earnings estimates for the second quarter to between 5 cents and 10 cents, well below analysts 28 cents per share estimates.

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TheStreet Ratings team rates AUTODESK INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:

"We rate AUTODESK INC (ADSK) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow."

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