Hot Tech Stocks To Watch Right Now: Autodesk, Inc. (ADSK), Skyworks Solutions, Inc. (SWKS)

Autodesk, Inc. (ADSK) ended last trading session with a change of 0.66 percent. It trades at an average volume of 2.07M shares versus 2.41M shares recorded at the end of last trading session. The share price of $86.69 is at a distance of 74.01 percent from its 52-week low and down -2.79 percent versus its peak. The company has a market cap of $18.87B and currently has 217.7M shares outstanding. The share price is currently 1.36 percent versus its SMA20, 5.17 percent versus its SMA50, and 23.44 percent versus its SMA200. The stock has a weekly performance of 4.52 percent and is 17.13 percent year-to-date as of the recent close.

On March 2, 2017 Autodesk, Inc. (ADSK) reported financial results for the fourth quarter and full fiscal year ended January 31, 2017.

Fourth Quarter Fiscal 2017

  • New model subscriptions increased 227,000 from the third quarter of fiscal 2017 to 1.09 million.
  • Total subscriptions increased by 154,000 from the third quarter of fiscal 2017 to 3.11 million at the end of the fourth quarter.
  • New model annualized recurring revenue (ARR) was $529 million and increased 107 percent compared to the fourth quarter last year as reported and 109 percent on a constant currency basis.
  • Total ARR was $1.60 billion, an increase of 16 percent compared to the fourth quarter last year as reported and 19 percent on a constant currency basis.
  • Deferred revenue increased 18 percent to $1.79 billion, compared to $1.52 billion in the fourth quarter last year.
  • Revenue was $479 million, a decrease of 26 percent compared to the fourth quarter last year as reported and 25 percent on a constant currency basis. During Autodesk’s business model transition, revenue is negatively impacted as more revenue is recognized ratably rather than up front and as new offerings generally have a lower initial purchase price.
  • Total GAAP spend (cost of revenue plus operating expenses) was $646 million, a decrease of 2 percent compared to the fourth quarter last year.  GAAP spend includes a charge of $9 million for a previously announced restructuring and other facility exit costs.
  • Total non-GAAP spend was $560 million, a decrease of 4 percent compared to the fourth quarter last year.  A reconciliation of GAAP to non-GAAP results is provided in the accompanying tables.
  • GAAP diluted net loss per share was $(0.77). GAAP diluted net loss per share was $(0.17) in the fourth quarter last year.
  • Non-GAAP diluted net loss per share was $(0.28), compared to $0.21 in the fourth quarter last year.

Skyworks Solutions, Inc. (SWKS) recently recorded 0.88 percent change and currently at $99.04 is 75.35 percent away from its 52-week low and down 0.34 percent versus its peak. It has a past 5-day performance of 3.76 percent and trades at an average volume of 2.45M shares. The stock has a 1-month performance of 7.11 percent and is 33.06 percent year-to-date as of the recent close. There were about 184.8M shares outstanding which made its market cap $18.3B. The share price is currently 4.24 percent versus its SMA20, 12.13 percent versus its SMA50, and 31.02 percent versus its SMA200.

On February 28, 2017 Skyworks Solutions, Inc. (SWKS) introduced a suite of solutions targeting emerging small cell applications. The new family of industry leading power efficient amplifiers meet stringent data rate and power consumption requirements for indoor and outdoor network systems. These innovative devices support the world’s most popular frequency bands and can be incorporated in FDD and TDD 4G LTE, 4.5G and 5G systems, as well as the recently launched Citizen’s Broadband Radio Service (CBRS). SpiderCloud Wireless, a leading provider of small cell systems whose customers include Verizon, Vodafone and other global operators, has deployed these amplifiers for its popular Enterprise RAN system.