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Autodesk Far Exceeds Former All-Time High

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Autodesk, Inc. (NASDAQ: ADSK) shares are trading higher by $15.00 (16 percent) at $110.83 in Friday's session.

The catalyst for the huge rally is a Q1 adjusted EPS beat of $0.08 along with a sales beat of $15.6 million. The company offered mixed guidance.

After a much higher open, well above its former all-time high ($98.05), Autodesk's stock had a brief retreat to $106.87 before continuing its stealth move higher. So far, the ensuing rally has taken the issue to $111.83, but has pulled back the $111.00 area as of 10:42 a.m. EST.

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