Charleston, South Carolina, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Poulin Willey Anastopoulo, LLC is investigating potential claims on behalf of Autodesk, Inc (“Autodesk” or the “Company”) (NASDAQ:ADSK) against certain of its officers and directors. If you are a current holder/owner of Autodesk securities, you may have standing to recover on behalf of the Company (and its current shareholders) by making the officers and directors who caused the harm personally liable. You also may be able to assist in improving ...

Industry Overview - The global metaverse market is projected to grow from $92.46 billion in 2023 to nearly $2.3 trillion by 2033, indicating significant growth potential [1] - Major corporations such as IKEA, McDonald's, Nike, and Walmart are actively investing in metaverse technologies [1] - Governments, including those of the UK, South Korea, and Saudi Arabia, are also investing in metaverse initiatives, with Saudi Arabia committing $1 billion as part of its Vision 2030 plan [1] Company Analysis: Roblox (RBLX) - Roblox is identified as a pure play in the metaverse, currently trading at $36.53 after a recent pullback from a high of $42 [2] - The company has raised its bookings forecast to between $4.18 billion and $4.23 billion, up from previous estimates of $4 billion to $4.1 billion [2] - Free cash flow estimates have been increased to a range of $505 million to $535 million, compared to earlier estimates of $350 million to $420 million [2] - Revenue expectations have also been adjusted upward to between $3.49 billion and $3.54 billion, from $3.45 billion to $3.53 billion [2] - The company reported a 21% year-over-year increase in average daily active users to 79.5 million, with revenue rising 31% to $893.5 million [3] Company Analysis: Autodesk (ADSK) - Autodesk is recognized for its AutoCAD software, which is becoming essential for creating virtual worlds in gaming and entertainment [5] - The company has received a $500 million investment from activist investors Starboard Value, who are advocating for improved margins and board changes [5] - Autodesk's first-quarter earnings per share of $1.87 exceeded estimates by 10 cents, with revenue of $1.42 billion reflecting an 11.66% year-over-year increase [5][6] Investment Option: Fidelity Metaverse ETF (FMET) - The Fidelity Metaverse ETF offers diversification with an expense ratio of 0.39% and has recently shown signs of support after a market pullback [7] - The ETF includes 52 metaverse-related stocks involved in the development, manufacturing, distribution, or sale of metaverse products and services [7] - Notable holdings in the ETF include Adobe, Apple, Microsoft, Alphabet, Meta Platforms, Nvidia, and Advanced Micro Devices [7]

Activist investor Starboard Value has been engaging with the board of Autodesk, continuing its push to improve the company's operations and financial performance, according to a presentation viewed by CNBC.Starboard wants Autodesk's board to reassess whether CEO Andrew Anagnost, who has helmed the software maker for seven years, is the right person to lead the company forward, according to the presentation.The activist investor has shared the presentation's findings with Autodesk's board in recent weeks, af ...

SAN FRANCISCO, Aug. 6, 2024 /PRNewswire/ -- Today, Autodesk announced that it has been named the Official Design and Make Platform of the LA28 Olympic and Paralympic Games and Team USA. Over the next four years, Autodesk's software – used by designers, engineers, builders, and creators – will support LA28's more than $1 billion temporary overlay and construction plan, incorporating sustainable design principles. Autodesk is the Official Design and Make Platform of the LA28 Olympic and Paralympic Games and T ...

Second quarter fiscal 2025 financial results conference call to be held Thursday, August 29, 2024, 2 p.m. PTSAN FRANCISCO, Aug. 2, 2024 /PRNewswire/ -- Autodesk, Inc. (NASDAQ: ADSK) today announced it will share its second quarter fiscal 2025 financial results conference call via its website on Thursday, August 29, 2024, at 2 p.m. Pacific Time. Join the live webcast call here: autodesk.com/investors. An audio replay of the webcast will be available after 5 p.m. PT at autodesk.com/investors.More information ...

Autodesk (ADSK) closed the most recent trading day at $242.58, moving +0.71% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.08%. On the other hand, the Dow registered a loss of 0.12%, and the technology-centric Nasdaq increased by 0.07%.Coming into today, shares of the design software company had lost 2.66% in the past month. In that same time, the Computer and Technology sector lost 4.62%, while the S&P 500 lost 0.21%.Market participants will be closely following the fi ...

It might seem like there’s a typo in the title, but 4D printing stocks are a real industry emerging right now. But what is 4D printing, other than just 3D printing in an extra dimension? Well, in this case, it is any form of 3D printing that can move after being printed without any additional work being done to it.In other words, think of 4D printing like the printing of soft materials that are intended for motion, instead of static use. These kinds of material applications are currently most applicable in ...

Autodesk (ADSK) closed at $246.23 in the latest trading session, marking a +0.4% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.16%. Meanwhile, the Dow experienced a drop of 0.14%, and the technology-dominated Nasdaq saw a decrease of 0.06%.The design software company's stock has climbed by 2.55% in the past month, exceeding the Computer and Technology sector's gain of 0.47% and the S&P 500's gain of 1.96%.Analysts and investors alike will be keeping a close eye on the performance ...

Digital twins — a virtual replication of a real-world object, place, thing, or other material object — are increasingly gaining ground across multiple market sectors. While digital twins evoke metaverse-style imaginings, and the term certainly applies, we can also think of a digital twin as a means by which real-world systems and processes can be more easily measured, experimented upon and ultimately brought back into the material world once optimized.For example, research shows that digital twins can help ...

Artificial intelligence (AI) is expected to significantly impact the global economy and business in the coming years. While some debate sustainability of the current AI-driven growth, investors and traders alike consider AI stocks to buy. With AI technology undoubtedly here to stay, this disruption will reshape the way we work, conduct business and invest.Multiple stocks have seen dramatic gains in recent years due to AI adoption. However, they may be vulnerable to changes in investor sentiment now. Apple ( ...