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Adobe Systems Incorporated Message Board

  • lemongelo4 lemongelo4 Jun 19, 2012 2:02 PM Flag

    will this go up or down on earnings?


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    • I am short and hope this analyst is right.

      Jefferies cuts Adobe to hold from buy
      Market PulseJune 14, 2012|Regina Hing


      NEW YORK (MarketWatch) - Jefferies on Thursday downgraded Adobe Systems Inc. (US:adbe) to hold from buy, and revised its price target to $32 from $38. In its note, the research firm cited concern over Adobe's ability to grow its customer base evenly - outside of promotional pricing - on Creative Cloud, the software maker's all-in-one platform for file sharing and publishing. "We think the percentage of base customers that plan to upgrade is consistent with prior cycles, but we have some incremental concerns on revenue estimates," Jefferies said. Adobe shares were down 1.7% to $31.25 during preopen trading.

107.47-0.45(-0.42%)Sep 23 4:00 PMEDT