Core Points - Autodesk, Inc. announced that Mary T. McDowell will not seek re-election at the 2025 Annual Meeting of Stockholders, having served on the Board since March 2010 [1] - The Board Chair, Stacy Smith, expressed gratitude for McDowell's contributions, highlighting her leadership in driving significant growth, profitability, and shareholder value over the past 15 years [2] - Autodesk is undergoing changes in its Board composition, with Lorrie Norrington also not standing for re-election, while John Cahill and Ram Krishnan are joining the Board, enhancing its expertise [2][3] - The company is committed to maintaining a strong Board with independent and engaged directors, ensuring effective oversight of its strategic execution [3] Company Overview - Autodesk provides technology solutions for designers, engineers, builders, and creators, enabling them to design and make a wide range of products and structures [4] - The company's Design and Make Platform leverages data to enhance insights and automate processes, empowering customers to achieve better outcomes for their businesses and the environment [4]

Financial Results - Autodesk is set to release its fourth-quarter financial results on February 27, 2025, with expected earnings of $2.14 per share, an increase from $2.09 per share in the same period last year [1] - The company projects quarterly revenue of $1.63 billion, up from $1.47 billion a year earlier [1] Full-Year Projections - For the full year, Autodesk anticipates revenue between $6.12 billion and $6.13 billion, with earnings expected to be between $8.29 and $8.35 per share [2] Stock Performance and Analyst Ratings - Autodesk shares closed at $285.67, reflecting a gain of 0.7% [2] - Analysts have varying ratings for Autodesk, with Rosenblatt maintaining a Buy rating and a price target of $325 [3] - Baird raised its price target from $330 to $345 while maintaining an Outperform rating [3] - Stifel increased its price target from $340 to $360, also maintaining a Buy rating [3] - Citigroup raised its price target from $358 to $361 while keeping a Buy rating [3] - HSBC downgraded the stock from Buy to Hold with a price target of $290 [3]

Core Viewpoint - Autodesk is set to report its fourth-quarter fiscal 2025 results on February 27, with expectations of revenue growth and potential margin pressures due to a new transaction model [1][6]. Revenue Expectations - Autodesk anticipates revenues between $1.62 billion and $1.64 billion for the fiscal fourth quarter, with the Zacks Consensus Estimate at $1.63 billion, indicating an 11.01% growth year-over-year [2]. - The company projects non-GAAP earnings in the range of $2.10 to $2.16 per share, with the Zacks Consensus Estimate at $2.13 per share, reflecting a 1.91% year-over-year increase [3]. Recent Performance - In the last reported quarter, Autodesk achieved an earnings surprise of 2.84%, consistently beating the Zacks Consensus Estimate over the past four quarters, with an average surprise of 5.65% [3]. Strategic Changes - Autodesk has shifted from a reseller-based sales model to a direct customer billing system in Western Europe and Japan, aiming to enhance customer relationships and create a predictable financial model [5]. - The new transaction model may lead to higher operating expenses and lower operating margins in the fourth quarter, potentially impacting profitability [6]. Subscription Revenue Growth - The company reported strong year-over-year growth in subscription revenues in the third quarter, with a net revenue retention rate between 100-110%, indicating robust customer renewals [7]. - This momentum is expected to continue into the fourth quarter, positively affecting revenue [7]. Market Challenges - Despite anticipated revenue growth, macroeconomic, policy, and geopolitical challenges may slow customer acquisition, although strong renewal rates are expected to mitigate this impact [8]. Segment Performance - Autodesk is experiencing favorable momentum in its AutoCAD, AEC, and Manufacturing segments, driven by customers consolidating solutions to optimize workflows via the cloud [9]. - The manufacturing sector shows strong demand for Autodesk Fusion, contributing to higher attach rates and average sales prices, which is likely to benefit the top line in the fourth quarter [9]. Earnings Outlook - According to the Zacks model, Autodesk currently has an Earnings ESP of 0.00% and a Zacks Rank of 4 (Sell), indicating lower odds of an earnings beat [10].

Core Viewpoint - Wall Street analysts anticipate Autodesk (ADSK) to report quarterly earnings of $2.13 per share, reflecting a year-over-year increase of 1.9%, with revenues expected to reach $1.63 billion, up 11% from the previous year [1] Group 1: Earnings and Revenue Estimates - Analysts expect 'Net Revenue- Maintenance' to be $11.26 million, indicating a decline of 19.6% from the prior-year quarter [4] - 'Net Revenue- Other' is projected to reach $121.05 million, suggesting a year-over-year increase of 4.4% [4] - 'Net Revenue- Subscription' is forecasted at $1.50 billion, reflecting a year-over-year growth of 12% [4] - The consensus for 'Net Revenue- Total subscription and maintenance revenue' is $1.51 billion, indicating an 11.7% increase from the year-ago quarter [5] Group 2: Product Family Revenue Estimates - 'Net revenue by product family- M&E (Media and Entertainment)' is estimated at $87.70 million, showing a year-over-year increase of 13.9% [5] - 'Net revenue by product family- Other' is expected to reach $29.04 million, indicating a 7.5% increase from the prior-year quarter [6] - 'Net revenue by product family- AEC (Architecture, Engineering and Construction)' is projected at $795.40 million, reflecting a year-over-year growth of 14.3% [6] - 'Net revenue by product family- MFG (Manufacturing)' is likely to be $317.61 million, indicating an 8.8% increase from the previous year [7] - 'Net revenue by product family- AutoCAD and AutoCAD LT' is expected to reach $400.40 million, suggesting a 6.2% year-over-year change [7] Group 3: Billings and Market Performance - Analysts predict 'Billings' to be $2.06 billion, compared to $1.71 billion reported in the same quarter last year [8] - Autodesk shares have shown a return of -5.3% over the past month, contrasting with the Zacks S&P 500 composite's -0.5% change [8] - Autodesk holds a Zacks Rank 4 (Sell), indicating expectations of underperformance relative to the overall market in the near future [8]

Group 1: Company Performance - Autodesk's stock closed at $304.99, reflecting a +1.28% change from the previous trading day's closing, outperforming the S&P 500 which gained 0.67% [1] - Over the past month, Autodesk shares have increased by 5.68%, while the Computer and Technology sector has decreased by 0.79% [1] Group 2: Upcoming Earnings - Autodesk is expected to release its earnings report on February 27, 2025, with a predicted EPS of $2.13, indicating a 1.91% growth compared to the same quarter last year [2] - The consensus estimate for quarterly revenue is $1.63 billion, which represents an 11.01% increase from the year-ago period [2] Group 3: Analyst Estimates and Rankings - Changes in analyst estimates for Autodesk are important as they reflect the evolving business trends, with positive changes indicating a favorable outlook on the company's health and profitability [3] - Autodesk currently holds a Zacks Rank of 4 (Sell), with the Zacks Consensus EPS estimate remaining unchanged over the last 30 days [5] Group 4: Valuation Metrics - Autodesk's Forward P/E ratio is 32.6, which is higher than the industry's Forward P/E of 30.31, indicating a premium valuation [6] - The PEG ratio for Autodesk is 2.21, which is in line with the average PEG ratio of 2.21 for the Computer - Software industry [6] Group 5: Industry Context - The Computer - Software industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 143, placing it in the bottom 44% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

Core Viewpoint - Autodesk Inc (NASDAQ:ADSK) has seen a positive shift in stock performance following an upgrade from Mizuho, with a new price target set at $400, indicating confidence in the company's new transaction model and signs of macroeconomic recovery [1]. Group 1: Stock Performance - Autodesk's stock is currently up 3.7% at $310 after the upgrade, with a year-over-year increase of 20.2% [1][2]. - The stock has been steadily climbing since bouncing off the $280 level earlier this month, which had previously acted as a resistance point in March [2]. Group 2: Options Market Sentiment - The options market has shown a more bearish sentiment recently, with a 10-day put/call volume ratio of 3.38, ranking higher than 94% of readings from the past year [3]. - Following the bullish note from Mizuho, there has been a significant increase in call volume, with six times the typical volume observed [4]. - The February 320 call and September 370 call are the most popular options, with new positions being opened for the latter [4].

Core Insights - Autodesk has appointed Giant Spoon as its first-ever creative agency of record, marking a significant evolution in its brand strategy [1][2] - The partnership aims to enhance Autodesk's brand presence and storytelling, particularly in the context of its recent achievements, including its role in the LA28 Olympic and Paralympic Games [1][4] Company Overview - Autodesk is recognized as a leading technology company in the Design and Make industries, providing tools that empower designers, engineers, and creators [7][8] - The company aims to help users design and create a better world through its innovative platform [8] Industry Context - The Design and Make industry currently employs approximately 300 million people and is projected to reach a market value of $3 trillion by 2027 [5] - Autodesk's collaboration with Giant Spoon is intended to highlight the stories of designers and makers who utilize Autodesk's technology to impact various sectors, including entertainment, engineering, and construction [5][4] Agency Role - Giant Spoon will support Autodesk in developing major brand campaigns and creative assets, focusing on strategy, optimization, and media measurement [3] - The agency's approach is to create bold and unexpected brand appearances that challenge conventions within the Design and Make category [3][4] Strategic Goals - Autodesk's partnership with Giant Spoon is aimed at building stronger relationships with customers and enhancing service efficiency [4] - The collaboration is seen as a new chapter for Autodesk, focusing on expanding its brand narrative and increasing its visibility in the market [4]

Industry Overview - Robotics stocks are expected to experience strong growth driven by advancements in AI and increasing demand for automation [1][2] - The global robotics market is set for significant expansion, supported by technological breakthroughs and rising automation needs [2][3] - Robotics technology can help address labor shortages, enhance task precision, reduce operational costs, and improve quality [3] Investment Recommendations - Five robotics stocks are recommended for investment due to their strong upside potential and favorable Zacks Rank: Teledyne Technologies Inc. (TDY), Autodesk Inc. (ADSK), UiPath Inc. (PATH), QUALCOMM Inc. (QCOM), and Samsara Inc. (IOT) [4][6] - These stocks have shown strong earnings and revenue growth potential for 2025, with positive earnings estimate revisions in the last 60 days [6] Company Insights Teledyne Technologies Inc. (TDY) - TDY's growth is supported by U.S. defense spending and projections for commercial air travel [8] - The company benefits from geopolitical instability, which boosts order flows, and strategic acquisitions like Adimec [9] - Expected revenue and earnings growth rates for TDY are 4.6% and 11.1%, respectively, for the current year [10] - The average short-term price target indicates a potential increase of 17.6% from the last closing price of $465.93, with a maximum upside of 25.6% [11] Autodesk Inc. (ADSK) - ADSK is experiencing growth from new business, steady subscription renewals, and strong competitive performance [12] - The demand for cloud-based products and design suites is driving revenue growth [12][13] - Expected revenue and earnings growth rates for ADSK are 12.9% and 11.2%, respectively, for the next year [14] - The average short-term price target suggests a potential increase of 17.4% from the last closing price of $286.87, with a maximum upside of 32.4% [15] UiPath Inc. (PATH) - PATH offers a comprehensive automation platform with embedded AI, machine learning, and natural language processing capabilities [16][17] - The expected revenue and earnings growth rates for PATH are 11% and 3.5%, respectively, for the current year [18] - The average short-term price target indicates a potential increase of 20.3% from the last closing price of $13.28, with a maximum upside of 43.1% [19] QUALCOMM Inc. (QCOM) - QCOM is transitioning from a mobile communications firm to a connected processor firm for the intelligent edge, benefiting from 5G technology [20] - The company has formed strategic collaborations to develop generative AI solutions and introduced powerful automotive platforms [21][22] - Expected revenue and earnings growth rates for QCOM are 8.3% and 9%, respectively, for the current year [23] - The average short-term price target suggests a potential increase of 30.3% from the last closing price of $159.53, with a maximum upside of 69.5% [24] Samsara Inc. (IOT) - IOT connects physical operations data to its cloud solutions, developing sensor systems with wireless sensors and cloud-based analytics [25][26] - Expected revenue and earnings growth rates for IOT are 23.8% and 25%, respectively, for the next year [27] - The average short-term price target indicates a potential increase of 23% from the last closing price of $44.04, with a maximum upside of 45.5% [27]

Core Viewpoint - Autodesk (ADSK) shares have increased by 19.1% over the past six months, significantly outperforming the Zacks Computer and Technology sector and the Zacks Computer – Software industry [1] Group 1: Stock Performance - ADSK has outperformed industry peers such as Cadence Design Systems (CDNS), Adobe (ADBE), and Simulations Plus (SLP), which have seen declines of 3.7%, 24.8%, and 31.7% respectively [1] Group 2: Market Expansion and Innovation - ADSK is experiencing strong market expansion driven by robust AI innovations and improving customer satisfaction [2] - The company is leveraging its expertise in granular data in the cloud, data models, and API connectivity to enhance its ecosystem and market opportunities [3] - Significant investments in AI capabilities, including automation and data modeling, are aimed at strengthening ADSK's market position [3] Group 3: Target Markets and Operational Efficiency - ADSK is focusing on long-term growth markets such as construction, manufacturing, and media & entertainment with products like AEC, AutoCAD, and Fusion 360 [4] - The transition from subscription-based models to consumption and self-service approaches is designed to enhance operational efficiency and customer satisfaction [4] - Direct billing initiatives are optimizing sales processes and fostering stronger customer relationships [4] Group 4: Earnings Estimates - The Zacks Consensus Estimate for ADSK's fiscal 2025 earnings is $8.31 per share, indicating a year-over-year growth of 9.34% [5] - The consensus for fiscal 2025 revenues is $6.12 billion, reflecting an 11.35% year-over-year growth [5] - For fiscal 2026, the earnings estimate is $9.28 per share, showing an 11.64% year-over-year growth, with revenues projected at $6.91 billion, indicating a 12.90% growth [6] Group 5: Investment Appeal - Strategic investments in AI innovation, market expansion, and operational efficiency, along with strong growth prospects, position ADSK as a compelling buy [7] - ADSK currently holds a Zacks Rank 2 (Buy), suggesting it may be wise for investors to accumulate the stock [7]

知识自动化 . 洞察全球产业，讲好制造故事 以下文章来源于知识自动化 ，作者林雪萍 易赋 软件收购。 作者 | 林雪萍 易赋 来源 | 知识自动化 （ID：zhishipai） 2016年微软收购领英软件达到了262亿美元，已经是天价市场。而现在，工业软件的交 易，跟全球最热门的社交软件已经达到同一水平。这也意味着，工业知识从来未曾得到 如此高的估值。工业软件，进入活火山一般的活跃交易期，而且往往都是以大型交易为 主力战场。 不对称勇士的新去处 在2024年欧特克Autodesk收购了Datum360，几乎是一次悄无声息的收购。可能后者 只有400万美元的销售体量，不足以引起人们的重视。然而，Datum360这种20人左 右，年收入3000万人民币其实已经是工业软件缝隙里最常见的"局部的王者"。它们最 擅长的是以不对称的战法，以最小的战略资源来获得适者生存的权力。 这类软件企业，可以跟海洋里最明显的比例不对称勇士——招潮蟹相比。绝大多数生命 的身体结构，都表现出某种形式的对称性。然而招潮蟹雄蟹的一只钳子，要比另外一只 大很多。而这只"突出的鳌钳"，跟身体比例相比也过于强大。这为它带来了丰沛的战斗 力。 这些招 ...