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JPMorgan analyst Sterling Auty questions whether $ADSK saw any maintenance seats transition over to subscription. CEO Carl Bass says that the company is not seeing a lot of that activity that right now. The reduction is not driven by conversions and the net reduction of 8,000 subs on maintenance was driven by taking a high renewal rate.
$PYPL jumps 6% in after hours on strong results. I am bullish on this stock.
$TSCO stock remained active in the after hours trading and rose more than 2% after the retailer posted better than expected 1Q17 results.
Instagram has reached 700 million monthly active users. Looks like it will hit 1 billion soon. That would make it $FB’s fourth billion-user platform.