Adobe Systems (ADBE) Jumps: Stock Rises 8.2%

Zacks

Adobe Systems Inc. (ADBE) was a big mover last session, as the company saw its shares rise by over 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now over 17% in the past one-month time frame.

This software company has seen no estimate revision over the past 30 days while its Zacks Consensus Estimate has moved down over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.

Adobe Systems has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the same industry include Blackbaud Inc. (BLKB), Citrix Systems, Inc. (CTXS) and Manhattan Associates, Inc. (MANH). All these stocks carry a Zacks Rank #1 (Strong Buy).

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