Pay Attention to the Records at Autodesk, Inc. (ADSK)

As the three-year chart below shows, the software stocks generally traded in tandem during that time period until the last few months. The weakness in Autodesk, Inc. (NASDAQ:ADSK) compared to the group might provide an investing opportunity

ADSK Total Return Price data by YCharts

Bottom line

The advancement of 3D printing software tools by Autodesk, Inc. (NASDAQ:ADSK) could be the technology that grabs the attention of investors in order for the stock to obtain a similar valuation multiple as Adobe or Intuit. The three companies don’t compete for customers, but all three software makers face the same pressures on the moves away from perpetual licenses and towards cloud-based solutions with subscriptions. The short-term impacts to the financials can be disruptive, but investors should pay attention to the record numbers at Autodesk, Inc. (NASDAQ:ADSK). Deferred revenue and cash flow are typically good indicators of solid future results.

The article Pay Attention to the Records at Autodesk originally appeared on Fool.com and is written by Mark Holder.

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