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Is Autodesk Stock a Buy?

TheMotleyFool

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Is Autodesk Stock a Buy?Photo, wide shot, wide-angle lens, Computer hardware manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Marc Adamus: https://img.theapi.app/temp/ec495607-1e17-40ee-a41d-7726313a9707.png

Autodesk's (NASDAQ: ADSK) stock plunged 15% on Nov. 24 after the design software maker posted its third-quarter earnings report.

Its revenue rose 18% year-over-year to $1.13 billion, which beat estimates by $10 million. Its adjusted earnings grew 28% to $1.33 per share, which also topped expectations by seven cents.

Autodesk's headline numbers looked healthy, but its profit guidance for the fourth quarter slightly missed analysts' expectations. Did the market overreact and create an attractive buying opportunity?

Source Fool.com

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