Ouch... good luck with that. All the analysts seem to love this company even though it looks like P/E compression is in order with the guidance they issued.
* Adobe Systems : JMP Securities raises target to $82 from $78; market outperform
* Adobe Systems : Susquehanna raises target price to $87 from $83; rating positive
* Adobe Systems : RBC raises target price to $85 from $75; rating outperform
* Adobe Systems : Baird raises target price to $75 from $70; rating neutral
* Adobe Systems : UBS raises target price to $85 from $80; rating buy
And that's the reason I've always liked it. There really is no competition worth mentioning. One of the best moves ever was taking out Macromedia (a very long time ago) since they were their only real threat. But now, who's left? Corel? LOL! Give me a break. This stock will be $100 next year.
I am selling my 50% holding ---Next qtr earning could be as low as .02c per ADBE
when looking at the options their are several ways to play them, 1=watch the action heavier side calls/puts usually indicates a move to and above those levels, however if it is suspected to fall then long term holders will sell calls against their holding and buy puts, thus not only protecting with insurance but making money off the call falling in price and the put rising, = bearish bet, ADBE obviously does not have the offsetting volume on the put side to be bearish so these seem to be a bullish bet, thus we move higher, now at some point and IDK profit takers Will step in, for the short term as these expire firday, but that dosnt control new buyers stepping in and shorts covering for a longer term, p/t raised to 82, that's a 30+% upside rise from closing price thus we look for mid to high 70's =unless shorts covering hits today , somthings are known and some are unknown, gl gt to all ADBE won
Sentiment: Strong Buy
That ADBE makes money on Exactly, however lets think about that "Free flash player," where did it come from, why is it their those are the questions you need to ask, you see ever application and company with applications and ever single developer in the world that is making app's for computers and billions of devices are using Flash, adobe air, their development suiet, Need I say more?, give that some thought and you will be wondering why ADBE isnt a 1,000 $ / a share company, wow mind blowing 1.9 billion, they nearly doubled, and can they double again, again, their pe's are high but seems they are justified ! pt 100, for starters this stock JUST WOKE UP new highs all day long, gl gt to all Adobe said it added 464,000 paid Creative Cloud subscribers in the second quarter ended May 30, ending the quarter with 2.3 million paid subscribers.
The company said it expects to have 3.3 million subscribers of its Creative Cloud suite at the end of fiscal 2014, up from its earlier forecast of 3 million.
Creative Cloud suite includes Photoshop, Illustrator and Flash software.
Revenue rose about 6 percent to $1.07 billion. Analysts on average had expected $1.03 billion. well measuring in billions isnt a bad thing !
Sentiment: Strong Buy
447M long will be selling
7m shorts will be covering or shorting more= down
I don't why Institutional holder are not selling...? next qtr earning .02-.08 c? Market cap $38B? When market starts to crash there will be no time to sell
Next qtr earning .02c to .08c
Market cap 37B
lol bubble...................cash out chance for big holders
Looking forward to the third quarter, the company forecasts earnings of $0.02 to $0.08 per share, adjusted earnings of $0.22 to $0.28 per share and revenue in the range of $975 million to $1.03 billion.
Analysts currently expect the company to earn $0.27 per share on revenue of $1.02 billion for the third quarter.
Please note : Profit taking will take place all day
This is a bubble
ADBE will be back to $55 with no time....Market correction is on its way
Some one trying to push higher to short ..
My game plan is to cash my 3 call option and add short positon hold 6 months
This will be back in $50's soon..