227.20 +0.35 (0.15%)
After hours: 7:55PM EDT
|Bid||227.01 x 100|
|Ask||227.33 x 200|
|Day's Range||225.61 - 229.25|
|52 Week Range||124.51 - 231.34|
|PE Ratio (TTM)||60.51|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
As part of an ongoing digital transformation effort, executives say they’re working to develop AI-powered software that could help call center representatives with customer inquiries.
The specialty retailer’s recent news was good, though there remain concerns about its future. The software stalwart, though, keeps proving it was right to shift to SaaS.
Shares of Adobe Systems (ADBE) jumped nearly 4% through early afternoon trading Tuesday to hit yet another new all-time high as investors continue to ride the software firm's post-Q1 earnings wave.
The Zacks Analyst Blog Highlights: Apple, Adobe, Canadian National, Kellogg and Delta Air Lines
Back in 2013, Mad Money host and former hedge fund manager Jim Cramer coined the FANG acronym. Cramer called each of the FANG stocks “companies that represent the future … are dominant in their markets … and have serious momentum.” He consequently declared these stocks to be long-term winners.
Since the latest earnings report from Autodesk, Inc. (NASDAQ:ADSK), the shares have been on a nice bull ride. For example, in the third quarter, which ended in late November, Autodesk stock got hit hard.
Growing subscription for cloud applications and strong demand for innovative products help Adobe's (ADBE) stock rally to a new 52-week high.
What Drove Adobe Stock to All-Time High? Earlier in the series, we discussed the factors that enabled Adobe’s (ADBE) stock to rise ~70% in the last one year. RBC Capital Markets reiterated its “outperform” rating on Adobe’s stock and raised its price target to $235 from the previous $208.
What Drove Adobe Stock to All-Time High? Earlier in the series, we discussed the factors that make Adobe (ADBE) one of the “cloud kings.” In fiscal 2017, which ended December 1, 2017, Adobe’s revenue surged 25% to $7.3 billion, while its net income jumped 45% to ~$1.7 billion. Thus, in the last couple of years, Adobe has not only managed to increase its top line but also its bottom line through efficient cost control, which has led to margin expansion and profitability.
Adobe Systems Incorporated (NASDAQ: ADBE ) reported last Thursday its fiscal first quarter results which helped boost the stock to a new all-time high of $228.88 Friday. With the stock now up more than ...
By Nick Brown NEW YORK (Reuters) - Oil prices finished the week at a gain after a big Friday rally, and U.S. stock indices ended flat-to-higher, to close a bumpy week on a high note. Crude prices had been ...
The S&P 500 and the Dow Industrials rose on Friday, boosted by strong industrial output numbers, though all three of Wall Street's major indexes posted losses for the week. Energy led the major sectors of the S&P 500 with a 1.0 percent gain, as oil prices rose 1.7 percent. The Nasdaq was barely changed at Friday's market close.
Adobe stock received price-target hikes from at least 15 Wall Street firms following the company's earnings report.