Autodesk Inc. (ADSK): Today's Featured Computer Software & Services Laggard
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model .
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 up 0.5%. By the end of trading, Autodesk fell 59 cents (-1.6%) to $36.20 on heavy volume. Throughout the day, 9.9 million shares of Autodesk exchanged hands as compared to its average daily volume of 2.5 million shares. The stock ranged in price between $35.99-$36.98 after having opened the day at $36.62 as compared to the previous trading day's close of $36.79. Other companies within the Computer Software & Services industry that declined today were: Wireless Ronin Technologies ( RNIN), down 14.6%, China Mobile Games and Entertainment Group ( CMGE), down 13.4%, China Digital TV ( STV), down 11.9%, and DynaVox ( DVOX), down 10.4%.
- EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
Autodesk, Inc. provides design software and services to customers worldwide. Autodesk has a market cap of $8.23 billion and is part of the technology sector. The company has a P/E ratio of 18.9, above the S&P 500 P/E ratio of 17.7. Shares are up 3.6% year to date as of the close of trading on Tuesday. Currently there are six analysts that rate Autodesk a buy, one analyst rates it a sell, and nine rate it a hold.
TheStreet Ratings rates Autodesk as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. 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, Guidewire Software ( GWRE), up 16.6%, Cimatron ( CIMT), up 10.3%, Ebix ( EBIX), up 8.2%, and Sourcefire ( FIRE), up 7.3%, were all gainers within the computer software & services industry with Oracle Corporation ( ORCL) being today's featured computer software & services industry leader.
- Use our computer software & services section to find industry-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 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).
- Find other investment ideas from our top rated ETFs lists.