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19.03.2020 12:22:00

Is Autodesk Stock a Buy?

Stock in Autodesk (NASDAQ: ADSK), much like the general market, has sold off heavily in recent weeks. It has moved lower as investors try to process how the fallout from the COVID-19 pandemic will affect both the company and the overall economy on which Autodesk depends.However, many have recommended buying when there is "blood in the streets." Thanks to coronavirus, this also appears to apply when the public sees contagion in its surroundings. Indeed, Autodesk stock trades at a considerable discount. Given both the current market conditions and the much lower stock price, investors should evaluate the Foolishness of buying Autodesk in these conditions.Autodesk stock logged an impressive 43% gain in 2019, well ahead of the 29% gain posted by the S&P 500 over the same period. The full-year results backed up these gains as revenue for the software services company increased by 22%, and non-GAAP earnings more than doubled to $803 million, or $2.79 per share.Continue reading
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