Autodesk Is Down 15% After Q2 Earnings -- Is This a Buying Opportunity?
Autodesk (NASDAQ: ADSK) is a well-known software company. Its tools for 3D design and manufacturing help clients plan projects and create visual content for a range of use cases, from architecture and construction to digital media and entertainment. In fact, the company's AutoCAD software is the most popular tool in the computer-aided design industry, holding 32% market share.
Recently, the company released what appeared to be solid second-quarter earnings, but the report sent shares tumbling. And today, the stock price sits more than 15% below its all-time high. Is this a buying opportunity for long-term investors?
In this Backstage Pass video from Aug. 26, 2021, Motley Fool contributors Brian Withers and Jon Quast discuss Autodesk's recent earnings and share their outlook on the company.
Source Fool.com
