Investopedia: Autodesk A Little Undervalued, But Uncertainty Is Rising

It's interesting to see which excuses the Street willingly accepts when a company is struggling with guidance. In the case of Autodesk (Nasdaq:ADSK), the Street isn't too bothered by another round of lower guidance and ongoing economic uncertainties. Instead, investors seem excited about the potential of a more pronounced transition to a SaaS model. Although I think the Street may be a little too optimistic on that point, the shares do look a little undervalued and remain a volatile software play leveraged to improving economic activity.

Please follow this link to continue:
http://www.investopedia.com/stock-analysis/082313/autodesk-little-undervalued-uncertainty-rising-adsk-dasty-pmtc-azpn-adbe.aspx