Autodesk, Inc. (ADSK - Free Report) was a big mover last session, as the company saw its shares rise nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $123.05 –$140.61 in the past one-month time frame, witnessed a sharp increase on Wednesday.
The move came after the company announced that it will acquire PlanGrid for $875 million.
The company has seen a mixed track record when it comes to estimate revision of one increase and no decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Autodesk currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Autodesk, Inc. Price
Investors interested in the Computer - Software industry may consider ACI Worldwide, Inc. (ACIW - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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