U.S. Markets closed

Adobe (ADBE) in Focus: Stock Moves 12.2% Higher

Zacks Equity Research

Adobe Systems Incorporated ADBE was a big mover last session, as the company saw its shares rise more than 12% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $144.57 to $153.93 in the past one month time frame.

The move came after the company provided strong fiscal 2018 guidance.

The company has seen six positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Adobe. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Adobe currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is positive.  

Adobe Systems Incorporated Price

Adobe Systems Incorporated Price | Adobe Systems Incorporated Quote

Another stock worth considering in the Computer - Software industry is American Software, Inc.AMSWA which carries a Zacks Rank #1.You can see the complete list of today’s Zacks #1 Rank stocks here.

Is ADBE going up? Or down? Predict to see what others think: Up or Down

Wall Street’s Next Amazon

Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.

Click for details >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Adobe Systems Incorporated (ADBE) : Free Stock Analysis Report
American Software, Inc. (AMSWA) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research