Canaccord previewed the analyst days for Autodesk (ADSK), Workday (WDAY), and Veeva (VEEV) and said the weakness in all three names should be used to add to positions. The firm feels Autodesk has the most to gain in terms of laying out intermediate and long-term financial goals in its subscription transition. Veeva needs to help investors understand why billings growth is not indicative of underlying momentum and Workday interest will be largely on the trajectory of Financials and prospects for Analytics. Canaccord reiterated its Buy rating on Autodesk, Workday, and Veeva shares.

Autodesk announced an interoperability agreement with the Nemetschek Group to improve open collaboration and efficiencies for the architecture, engineering, construction and operations, or AECO, and media and entertainment industries. The agreement will enhance existing interoperability between the two companies' industry cloud and desktop products and improve the fluent exchange of information across solutions. Whether constructing buildings or highways or producing media assets, working with cloud-connected tools powers automation and unlocks valuable insights for better decisions at every stage of a project. But too often, people, processes, and data are siloed due to software and file incompatibility, resulting in inefficient workflows. Under the terms of the agreement, Autodesk and the Nemetschek Group will provide mutual access to their APIs and industry clouds, thereby giving developer access to Autodesk solutions including AutoCAD, Revit, 3ds Max and Maya, as well as Autodesk Forma and Autodesk Construction Cloud, similarly to Nemetschek solutions including Allplan, Archicad, Bluebeam, Maxon One, Vectorworks as well as Nemetschek's relevant cloud platforms. This will enable the two companies to improve upon existing data exchanges and open new data-centric workflows that span disciplines and industries.