ADBE - Adobe Systems Incorporated
| Previous Close | 245.15 |
| Open | 245.00 |
| Bid | 244.22 x 900 |
| Ask | 244.28 x 800 |
| Day's Range | 243.30 - 245.52 |
| 52 Week Range | 131.20 - 245.90 |
| Volume | 818,368 |
| Avg. Volume | 2,913,328 |
| Market Cap | 120.31B |
| Beta | 0.76 |
| PE Ratio (TTM) | 65.16 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | 2005-03-24 |
| 1y Target Est | N/A |
- Forbes•5 hours ago
Adobe's Appetite For Self-Disruption
The advent of smart pallets for the digital age shows that every industry is capable of disruption. Seven years ago, when managers at Adobe Systems (ADBE) changed their business model from desktop to the cloud, it was a giant leap of faith. The San Jose, California, design pioneer had a great business selling expensive shrink-wrapped software.
- Investopedia•yesterday
Microsoft to Lead Surge in IT Industry Profits: Moody's
Software purchases, the migration to cloud-based systems and investments to enhance digital capabilities should trigger a surge in IT company profits over the next few years, according to Moody’s Investors Services. In a research note, reported on by Barron’s, analyst Stephen Sohn and his colleagues predicted that the likes of Adobe Systems Inc. ( ADBE), Microsoft Corp. ( MSFT), NetApp Inc. ( NTAP), Oracle Corp. ( ORCL) and Salesforce.com Inc. ( CRM) will deliver profits that easily outpace global economic growth. Moody’s identified Microsoft as the biggest beneficiary of industry-wide structural drivers.
Market Realist•2 days agoWhy Adobe Is Acquiring e-Commerce Company Magento
Photoshop and PDF reader company Adobe (ADBE) announced on Monday, May 21 that it’s buying Magento, a privately-held e-commerce company, for $1.68 billion. The acquisition would give the software company an e-commerce platform that would combine Magento’s offerings with Adobe’s Experience Cloud.
- CNBC•2 days ago
Apple is missing out on billions of dollars by skirting the hottest trend in software
Professional apps like Final Cut Pro and Logic Pro represent recurring revenue opportunities for Apple as the company builds its software business.
- Zacks•2 days ago
Adobe's New Buyback Program to Boost Shareholders' Confidence
Adobe's (ADBE) board of directors authorizes the company to repurchase shares worth of $8 million in the new program.
- TheStreet.com•2 days ago
Adobe-Magento Deal Highlights Escalating Cloud Wars
$1.68 billion purchase of Permira-backed Magento Inc. highlights the growing competition with Salesforce.com Inc. "It was becoming increasingly apparent that Adobe really needed to add this e-commerce piece to fully build this robust digital marketing portfolio they have established over the last several years," Morningstar Inc. analyst Rodney Nelson said. Adobe initially pursued Demandware Inc., Nelson observed, before Salesforce acquired the e-commerce platform for $2.8 billion in 2016.
- InvestorPlace•3 days ago
Even With Rising Bond Yields, Dividend Stocks Reign Supreme
Specifically, the dividend yield for the S&P 500, as a whole, was surpassed by the yield of three-month Treasuries. What matters most to investors here is getting a grip on whether dividend stocks are (relatively speaking) assets or liabilities. Many of the S&P 500’s strongest constituents like Adobe Systems Incorporated (NASDAQ:ADBE) and Facebook, Inc. (NASDAQ:FB) are more than capable of paying a healthy dividend, but choose not to pay one at all.
- TheStreet.com•3 days ago
Adobe Isn't Just Going After Shopify With Its Latest Acquisition
Buying Magento gives Adobe another arrow in its quiver as it battles the likes of Salesforce and Oracle for large enterprise deals. Remarks made during a conference call suggested Adobe is more keen on helping Magento, whose sales have skewed towards mid-sized businesses, expand in the enterprise than having Magento go after small businesses, which account for a large portion of Shopify's revenue.
- Associated Press•3 days ago
Tata Motors and Micron Technology rise; Toll Brothers slumps
Stocks that moved substantially or traded heavily Tuesday: J.C. Penney Co., down 15 cents to $2.35 The department store said Chairman and CEO Marvin Ellison is leaving to become CEO of Lowe's. Adobe Systems ...
- TheStreet.com•3 days ago
Adobe's Purchase of Magento Goes After Salesforce and Oracle as Much as Shopify
It also looks as if Adobe, having successfully transitioned much of the customer base for its content/media-creation software franchises to subscription offerings, is now hungry to expand its reach in fast-growing online marketing and commerce fields. The company also claims an ecosystem of 300,000-plus developers creating software extensions and services that integrate with its offerings. In some respects, all of that has much in common with what Shopify, whose shares are down nearly 4% on news of the Magento deal, provides its clients.
- Zacks•3 days ago
Adobe's (ADBE) Magento Acquisition Affects Shopify & Wix
Adobe Systems (ADBE) is set to acquire cloud-based e-commerce content management system (CMS) software provider Magento for $1.68 billion.
- Investopedia•3 days ago
Adobe Acquires Shopify Rival Magento for $1.7B
Adobe's purchase enters the Photoshop owner into the cloud-based commerce service market.
- Motley Fool•3 days ago
Shopify Stock Comes Under Fire
Adobe snaps up a smaller Shopify rival, and Citron Research has Shopify in its crosshairs again.
- TheStreet.com•3 days ago
Red Hot Micron Is Still One Heck of a Bargain
Well, yes, stocks in general thanks to a great earnings season and broadly improved corporate conditions going forward. Micron announced revenue for the third quarter would land in the $7.7 billion to $7.8 billion range, up from prior guidance of $7.2 billion to $7.6 billion. announced that their co-developed QLC NAND flash memory is now available.
Yahoo Finance•3 days agoStocks to open higher, Zuckerberg preps to testify at EU parliament, China slashes auto tariffs
Yahoo Finance's LIVE market coverage and analysis of what you need to watch in the stock market begins each day at 9:25 a.m. ET.
Reuters•3 days agoShopify shares down as rival Magento gets bought by Adobe
(Reuters) - U.S.-listed shares in Canadian e-commerce software maker Shopify Inc (SHOP.N) fell around 2 percent before the bell on Tuesday after Adobe Systems Inc (ADBE.O) announced it was buying rival ...
- Reuters•3 days ago
Shopify shares down as rival Magento gets bought by Adobe
U.S.-listed shares in Canadian e-commerce software maker Shopify Inc fell around 2 percent before the bell on Tuesday after Adobe Systems Inc announced it was buying rival Magento Commerce. Magento, which ...
- Investor's Business Daily•3 days ago
Dow Jones Futures: This Top Chip Stock Leads Techs Early
Stock futures rose Tuesday. Pure Storage, Micron Technology, Adobe Systems, Shopify and SailPoint Technologies were notable overnight winners or losers.
Reuters•3 days agoAdobe to buy Magento Commerce for $1.68 billion
Shares of Adobe rose about 1 percent in extended trading after the Photoshop maker also said it would buy back up to $8 billion of shares through its fiscal year 2021. Adobe said the deal will help bolster its Experience Cloud business, which provides services including analytics, advertising and marketing. “Adobe is the only company with leadership in content creation, marketing, advertising, analytics and now commerce – enabling real-time experiences across the entire customer journey,” Brad Rencher, an executive vice president and general manager at Adobe, said in a statement.
- Reuters•4 days ago
Adobe to buy Magento Commerce for $1.68 billion
Shares of Adobe rose about 1 percent in extended trading after the Photoshop maker also said it would buy back up to $8 billion of shares through its fiscal year 2021. Adobe said the deal will help bolster its Experience Cloud business, which provides services including analytics, advertising and marketing. “Adobe is the only company with leadership in content creation, marketing, advertising, analytics and now commerce – enabling real-time experiences across the entire customer journey,” Brad Rencher, an executive vice president and general manager at Adobe, said in a statement.
- The Wall Street Journal•4 days ago
[$$] Adobe to Buy E-Commerce Firm Magento Commerce for $1.68 Billion
Inc., the elder software-business statesman behind photo-editing software Photoshop and PDF reader, is buying e-commerce firm Magento Commerce for $1.68 billion, adding a key piece to its platform. Inc. as part of a $925 million deal by a group of investors that included Permira, Sterling Partners, Longview Asset Management and Innotrac Corp. Permira carved out Magento in November of that year.
- Fortune•4 days ago
Adobe to Buy Magento Commerce For $1.68 Billion
Magento Commerce used to be owned by eBay and sells tech that lets companies do online shopping.
- Investor's Business Daily•4 days ago
Adobe To Acquire E-Commerce Firm Magento, Sets New $8 Billion Buyback
Adobe Systems late Monday said it has agreed to purchase privately-held Magento Commerce for $1.68 billion, sending down shares in its e-commerce rival, Shopify, in late trades.
- CNBC Videos•3 days ago
Adobe to buy Magento for $1.68 billion
CNBC's Jon Fortt reports on Adobe's acquisition of e-commerce company Magento.
