Shares of Autodesk (ADSK) have come under pressure, declining by about 8% in the last two trading days. The weakness in Autodesk stock follows the software maker’s FY22 billings projections, which didn’t sit well with investors.  However, its strong subscriptions, predictable cash flows, and expectations of higher price realizations, keep me bullish on ADSK stock. (See Autodesk stock charts on TipRanks) It’s worth noting that Autodesk delivered better-than-expected Q2 results, wherein sales and earnings surpassed the Street’s estimates. (Read more: Autodesk’s Q2 Results Beat Estimates; Shares Fall 7%) However, a cut in full-year billing guidance led to a sell-off in Autodesk stock.
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Autodesk (NASDAQ:ADSK)
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Autodesk (NASDAQ:ADSK)
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