Autodesk Dips 10% in 6 Months: Should You Hold or Fold the Stock?

Autodesk (ADSK) shares have plunged 10% in the past six months, underperforming the Zacks Internet - Software industry and the S&P 500 index’s decline of 0.5% and 6.4%, respectively. However, the stock has slightly outperformed the Zacks Computer and Technology sector’s decline of 10.2% in the same time frame.The company’s near-term performance is being weighed down by the introduction of its new transaction model, which has impacted billings and revenue recognition. At the same time, the company is undergo ...