ADBE - Adobe Inc.
| Previous Close | 303.74 |
| Open | 303.00 |
| Bid | 314.82 x 900 |
| Ask | 315.40 x 1000 |
| Day's Range | 300.72 - 306.58 |
| 52 Week Range | 204.95 - 313.11 |
| Volume | 3127412 |
| Avg. Volume | 2,660,754 |
| Market Cap | 148B |
| Beta (5Y Monthly) | 1.10 |
| PE Ratio (TTM) | 54.44 |
| EPS (TTM) | 5.62 |
| Earnings Date | Mar 12, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | 2005-03-24 |
| 1y Target Est | 322.62 |
- Investor's Business Daily
Dow Jones Futures Rise On China Trade Deal Reports; Adobe Signals Breakout On Earnings
Dow Jones futures rose after China trade deal buzz sent the stock market to record highs. Adobe signaled a breakout on earnings. Broadcom, Costco, Oracle moved on results too.
- Zacks
Tech Earnings Beat After Hours: ORCL, ADBE, AVGO
A burst of earnings report activity has hit the tape after Thursday's closing bell, with positive results from Oracle, Adobe and Broadcom.
- Zacks
Adobe Systems (ADBE) Q4 Earnings and Revenues Surpass Estimates
Adobe (ADBE) delivered earnings and revenue surprises of 1.33% and 0.75%, respectively, for the quarter ended November 2019. Do the numbers hold clues to what lies ahead for the stock?
- Investor's Business Daily
Adobe Stock Eyes Breakout After Software Firm Beats Fourth-Quarter Views
Digital media and marketing software maker Adobe late Thursday topped Wall Street’s targets for its fiscal fourth quarter. The Adobe earnings news pushed ADBE stock higher in late trading.
- Bloomberg
Adobe Reports Quarterly Sales That Beat Analyst Estimates
(Bloomberg) -- Adobe Inc. reported sales that topped Wall Street estimates, signaling strong demand for the company’s creative and marketing software.Revenue was $2.99 billion in the fiscal fourth quarter, the San Jose, California-based company said Thursday in a statement. Analysts, on average, expected $2.97 billion.Adobe shares rose about 3% in extended trading after closing at $305.96 Thursday in New York. The stock has climbed 35% this year.Chief Executive Officer Shantanu Narayen is trying to maintain sales growth of at least 20% to convince investors Adobe is worth its lofty valuation. To do so, he’s making acquisitions, including VR business Oculus Medium this month, and investing in new products, such as Photoshop for Apple Inc.’s iPad.“Fiscal 2019 was a phenomenal year for Adobe as we exceeded $11 billion in revenue -- a significant milestone for the company,” Narayen said in prepared remarks for the company’s earnings call with analysts. “Our record revenue and EPS performance in 2019 makes us one of the largest, most diversified and profitable software companies in the world.”Despite the upbeat reception from investors, Adobe projected it will slip below the 20% growth threshold in fiscal 2020 with revenue of about $13.15 billion. Sales will increase 17% in the first half of the year, and 18% in the second half, Chief Financial Officer John Murphy said in the prepared remarks.“Adobe is about to become the first large cap software company in the SaaS era to decelerate below the 20% revenue growth threshold,” Canaccord analyst Richard Davis wrote in a note ahead of the report.In the fiscal fourth quarter, marketing software sales rose 24% to $859 million. Adobe said the unit will grow 15%, year-over-year, in the current quarter.Products from Marketo, a marketing company Adobe acquired in 2018, saw more momentum among mid-sized clients, Murphy said in the prepared remarks. Executives said in September that Adobe would invest more money to boost sales in the unit, which at that time wasn’t growing as fast as anticipated.Revenue from the creative and document cloud division, which includes Photoshop, climbed 22% to $2.08 billion in the quarter and is projected to increase 19% in the current period.(Updates with comments from CEO in the fifth paragraph.)To contact the reporter on this story: Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew Pollack, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Barrons.com
Adobe Stock Is Rising Because Earnings Were Good Enough
For the quarter, Adobe reported revenue of $2.99 billion, up 21% year over year, and profits of$2.29 a share.
- MarketWatch
Adobe stock heads toward record highs after earnings show 20% revenue gains continuing
Adobe Inc. maintained its 20%+ revenue gains as it rounded out its fiscal year, the software company reported Thursday afternoon, sending shares toward record highs in late trading. Adobe reported fiscal fourth-quarter earnings of $851.9 million, or $1.76 a share, on sales of $2.99 billion, up 21.4% from revenue of $2.46 billion a year ago. After adjusting for stock-based compensation and other factors, the company reported earnings of $2.29 a share. Analysts on average expected adjusted earnings of $2.26 a share on sales of $2.97 billion, according to FactSet. Adobe was expected by some analysts to slide lower than 20% sales growth, which might have created some concerns beyond the Photoshop maker. "The foundational reality is that if our forecasts, and a couple dozen others', are correct, Adobe is about to become the first large cap software company in the SaaS era to decelerate below the 20% revenue growth threshold," Canaccord Genuity analysts wrote in a note earlier this week. "This rate of growth has taken on a near mythical importance, at least in Silicon Valley as 20% historically has been the demarcation between the cool kids and the clod kickers who reside in flyover states." Adobe's stock closed with a 0.7% gain at $305.96, then jumped more than 3% in after-hours trading to more than $315. The record closing price for Adobe shares is $311.27 and the intraday record price is $313.11, both of which were set in July.
- Business Wire
Adobe Surpasses $11 Billion in Annual Revenue
Adobe (Nasdaq:ADBE) today reported financial results for its fourth quarter and fiscal year 2019 ended Nov. 29, 2019.
- Zacks
Stocks Hit Records on China Trade Hope & Buy this Biotech Stock - Free Lunch
The latest U.S-China trade war news that includes a positive tweet from President Trump that helped lift stocks to new highs. A look at LULU's earnings. And why Vertex Pharmaceuticals (VRTX) is a Zacks Rank 1 (Strong Buy) stock right now...
- TheStreet.com
Adobe Shares Climb as Graphics-Software Major Posts Q4 Profit Beat
The outlook for the producer of prominent programs like Creative Suite, Acrobat, Flash and Photoshop is in line with consensus estimates.
- Zacks
The Zacks Analyst Blog Highlights: Adobe, Broadcom and Oracle
The Zacks Analyst Blog Highlights: Adobe, Broadcom and Oracle
- Investing.com
Adobe Earnings, Revenue Beat in Q4
Investing.com - Adobe (NASDAQ:ADBE) reported fourth quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
- Investor's Business Daily
Dow Jones Futures: Lululemon Lags; 3 Key Earnings Reports For Stock Market Rally
Futures: Lululemon Athletica fell late on weak guidance after Apple and chips led Wednesday's stock market rally. Thursday night's Adobe, Broadcom and Costco earnings will be key.
- Investor's Business Daily
Software Stocks To Buy And Watch: Will These Growth Stocks Turn Hot Again?
Software stocks rallied in early 2018 and 2019, then pulled back as some analysts questioned their valuations. Heading into 2020, many software stocks have rebounded from a September-October swoon.
- Benzinga
Adobe's Q4 Earnings Preview
Adobe (NASDAQ: ADBE ) announces its next round of earnings this Thursday, December 12. Here's Benzinga's look at Adobe's Q4 earnings report. Earnings and Revenue Based on management's projections, Adobe ...
- Investing.com
U.S. Stock Futures Edge Higher Ahead of Open
Investing.com - U.S. stock futures pointed to a slightly higher open on Thursday a day after the U.S. Federal Reserve held interest rates steady and signaled that borrowing costs are likely to remain on hold through 2020.
- TheStreet.com
General Electric, Lululemon, Adobe, Boeing and China Trade - 5 Things You Must Know Thursday
U.S. stock futures rise modestly after the Federal Reserve leaves interest rates unchanged, and as investors await results from the U.K. election and stalled U.S.-China trade negotiations; Adobe, Oracle and Broadcom report earnings; Lululemon slumps on soft fourth-quarter guidance; General Electric is rated a buy at UBS.
- Investor's Business Daily
IBD 50 Stocks To Watch: Top Software Maker Poised To Break Out, But Earnings Ahead
Adobe, featured in today's IBD 50 Stocks To Watch, is getting close to a buy point ahead of its quarterly earnings report Thursday after the close.
- GuruFocus.com
Salesforce: This Stock Flattened for a Good Reason
The tech giant has seen its stock price move sideways, driven by a weak earnings outlook Continue reading...
- American City Business Journals
Facebook, Google plummet in Glassdoor rankings of top companies to work for
Facebook Inc. and Alphabet Inc.-owned Google have both dropped out of the top 10 of Glassdoor's annual Employees’ Choice Awards "best places to work" awards, a sharp decline for a pair of Silicon Valley giants that have long been known for their sky-high salaries and cushy employee perks. The No. 1 company on Glassdoor's list, released Wednesday and based on ratings from employees on the career website, is Cambridge, Massachusetts software maker HubSpot. The highest-ranked Bay Area company is DocuSign, Inc., at No. 3.
- Zacks
Tech Stocks' Earnings Lineup for Dec 12: ADBE, AVGO & ORCL
Here is a sneak peek into how three technology stocks, namely, Adobe, Broadcom and Oracle, are poised ahead of their upcoming earnings releases on Dec 12.
- Zacks
Zumiez, Yext, Adobe and Salesforce highlighted as Zacks Bull and Bear of the Day
Zumiez, Yext, Adobe and Salesforce highlighted as Zacks Bull and Bear of the Day
- Bloomberg
Oracle Conference Leaves San Francisco, Costing City $64 Million
(Bloomberg) -- Oracle Corp. will move its marquee annual user conference to Las Vegas, abandoning its longtime venue of San Francisco due to the rising cost of visiting the city and its homeless crisis.Oracle’s OpenWorld will be held in Las Vegas beginning next year, the San Francisco Travel Association said Tuesday in a statement. The travel group, in an email reported earlier by CNBC, said the software company committed the conference to Las Vegas for three years, costing San Francisco an estimated $64 million. Oracle, headquartered about 22 miles south of San Francisco in Redwood City, California, told the travel authority that its conference guests were unhappy with San Francisco’s dirty streets and costly hotel rates, according to CNBC.Las Vegas is a key destination for technology conferences. Amazon.com Inc.’s cloud-computing arm, Dell Technologies Inc., Adobe Inc. and Hewlett Packard Enterprise Co. are just a few of the companies that host conferences in the desert city -- drawn to its large venues and inexpensive hotel room rates.Oracle declined to respond to requests for comment on the move.Oracle also holds OpenWorld conferences in Dubai, London, Singapore and Sao Paulo. The company encourages customers and partners to “register for an OpenWorld near you,” reducing the importance of the San Francisco gathering, where the company unveils new software products. The San Francisco OpenWorld generally attracted about 60,000 attendees. For years, the conference has been overshadowed by Dreamforce, rival Salesforce.com Inc.’s annual confab that the company describes as the world’s largest software conference. Dreamforce had more than 170,000 registered attendees in November.San Francisco hasn’t been a happy home for OpenWorld or Dreamforce for years, with residents complaining about street closures caused by the conferences and a surge of pedestrian traffic downtown. Local hotels swell room rates in anticipation of demand among attendees.Oracle held the first official OpenWorld conference at San Francisco’s Moscone Center in 1996, according to its website. The company’s user gatherings date back to 1982, when 50 attendees gathered for International Oracle Users Week at a hotel in San Francisco.To contact the reporter on this story: Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew Pollack, Robin AjelloFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Insider Monkey
Hedge Funds Love SAP SE (SAP) Much Less Than These 3 Stocks
We at Insider Monkey have gone over 752 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of September 30th. In this article, we look at what those funds think of SAP SE (NYSE:SAP) based on that data and […]
- Zacks
Will Q4 Earnings Send Adobe (ADBE) Stock to New Highs?
Adobe (ADBE) will report its fourth quarter fiscal 2019 financial performance after the closing bell on Thursday, December 12.
