Earnings were modest, which is not good enough to support lofty valuation. PE is over 60 and PEG a whopping 3.5.
Somewhere in earnings they mentioned "cloud". That sent ADBE up and into great shorting range.
the forecast they give is bad. The first reaction should prove to be the correct one.
I have no idea how this stock can hold mid 50s with such a poor 2014 forecast.
The numbers and projection are horrid.
This should be sold with impunity.
Sentiment: Strong Sell