Why Autodesk (ADSK) Stock Is Gaining in After-Hours Trading Today

NEW YORK (TheStreet) -- Autodesk (ADSK) was gaining 3.5% to $58.24 after-hours Thursday after beating analysts’ estimates for earnings and revenue in the second quarter.

The software company reported earnings of 25 cents a share for the quarter, beating the Capital IQ Consensus Estimate of 28 cents a share by 7 cents. Revenue grew 13.4% from the year-ago quarter to $637 million. Analysts expected revenue of $603.52 million for the quarter.

Must read: Warren Buffett's 25 Favorite Stocks

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE.

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."

ADSK ChartADSK data by YCharts

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