Autodesk's revenues are going to grow by about 50% this year, getting up to around US$1.5 billion. (We won't know for sure until the end of Q4 next January.) Stock analysts were predicting a $50 share price soon.
After a 50% increase this yesr, what does Autodesk have to do next year? Produce a 60% increase, right? Pull a Google, as it were.
Except 'tain't gonna happen. As AP reports, "The stock of Autodesk fell Friday after the maker of design software gave a cautious forecast for the next fiscal year, creating concerns that its recent period of robust growth is winding down." Growth is projected at a "mere" 10% or so. Ouch!
The share price fell by nearly $10 -- loosing nearly $2 billion in market value. That's Wall what-have-you-done-for-me-lately Street for you.
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