This is the new pattern for ADBE. And 3rd qtr is historically lower than other quarters, but everyone forgets that. They never guide up anymore, just re-affirm flat guidance, citing uncertainty, etc...
So next week:
Sept 20, 2011, day earnings released (after market close): $25.xx
its a pattern. adbe's q3 is always lower than the prior quarter because of summer buying patterns in europe, etc...they need to fix that so they can show consistent growth quarter to quarter, sequentially, vs. year over year. no one cares how much better this q3 was over last years q3!. we just want to see things going up across the board. if things go well for adbe, they ususally hit highs for the year in april-may anyway, not after q3 earnings.
i really hope adbe doesn't drop 20% after hours, but i don't think they can do anythng about it.
I think it is a strong buy here. If you like graphics , SAas, the cloud you must like ADBE. Its chart and PPS has been driven down, down down to a must buy low. ARMH chart is at a triple top and its up a buck today. ARMH earns nothing like ADBE . ADBE is a leader in research and patents in graphics and making it work on the computer. It has the basic technologies and has been and is still the leader.