ADBE - Adobe Inc.
265.52 0.00 (0.00%)
After hours: 4:48PM EDT
| Previous Close | 269.24 |
| Open | 269.36 |
| Bid | 265.52 x 800 |
| Ask | 265.90 x 1000 |
| Day's Range | 262.27 - 269.68 |
| 52 Week Range | 204.95 - 313.11 |
| Volume | 4,276,209 |
| Avg. Volume | 2,591,164 |
| Market Cap | 128.533B |
| Beta (3Y Monthly) | 1.11 |
| PE Ratio (TTM) | 47.25 |
| EPS (TTM) | 5.62 |
| Earnings Date | Dec 12, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | 2005-03-24 |
| 1y Target Est | 313.16 |
- Zacks
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- Zacks
Adobe (ADBE) Down 2.5% Since Last Earnings Report: Can It Rebound?
Adobe (ADBE) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Bloomberg
Photoshop for iPad Nearing Launch With Some Key Features Missing
(Bloomberg) -- Adobe Inc. is nearing the consumer launch of Photoshop for Apple Inc.’s iPads a year after it was officially announced, however the company and early testers have said that the application will lack some key features from the desktop version.The San Jose, California-based company will hold its annual creative software conference, Max, in early November in Los Angeles and will provide an update on Photoshop for iPad at that time. The mobile app, which was announced to much fanfare and anticipation at the conference in 2018, is still on track to reach consumers by the end of this year, Scott Belsky, chief product officer of Adobe’s Creative Cloud division, said in an interview. The company hasn’t provided an official update on the software launch since last year.Adobe has been testing Photoshop for iPad under the codename Rocket with a small group of beta testers since earlier this year. Participants have told Bloomberg News that some beta versions don’t include well-established features they expected to be part of the release. They complained about less advanced or missing features around core functionality like filters, the pen tool and custom paintbrush libraries, vector drawing, color spaces, RAW editing, smart objects, layer styles and certain options for mask creation. Their disappointment about these limitations stems from Photoshop’s established reputation as a leading professional photo-editing program on the desktop.“Feature-wise, it feels like a beefed-up cloud-based version of their existing iPad apps and not ‘real Photoshop’ as advertised,” said someone beta-testing the software, who declined to be named talking about an unreleased app. “I understand it is based on desktop Photoshop code, but it doesn’t feel like it right now.” Other testers have called the app “rudimentary” and said, in its current state, it is inferior to other apps like Procreate and Affinity on the iPad.Belsky said that the beta feature set won’t represent the final version for consumers, and the need to collaborate with Apple meant that a lot of features are “coming in hot” ahead of the launch. At launch, he said that Photoshop will still lack some familiar features, but that will only represent version one of the product. “Launching every single feature that was accumulated over 25 years on the iPad on day one would not best serve our customers and the needs they have.” Usage on a desktop and an iPad isn’t “apples to apples,” he said, and Adobe “will definitely expand the capabilities” of Photoshop on iPad over time.Apple has positioned the new iteration of Photoshop as a selling point for its iPad Pro tablets since the moment the app was announced. It was highlighted during the launch of the most recent iPad Pro models about a year ago, and the Cupertino, California-based company has steadfastly featured the software on its website even though customers have been unable to download the app.Adobe has bolstered its mobile app strategy in an effort to reinvigorate growth in its Creative Cloud division, a suite of programs that lead the art and design software markets. Most of Adobe’s revenue comes from these tools, whose pace of growth has slowed from last year. Adobe offers a Lightroom CC app for iPads and iPhones, and it has unveiled several standalone mobile apps to capture a broader swath of customers than just the group who’d typically subscribe to all of the company’s creative tools.Adobe engineers prioritized the Photoshop functions they think will be most useful for customers with the first iPad release, the company said. It can work with “any Photoshop file in the world” and adjust every layer of an image in a non-destructive way, Belsky added. While Photoshop for the iPad runs on a version of the flagship tool’s underpinnings, the mobile version won’t support any three-dimensional workloads. The result, Belsky said, is a Photoshop that’s easier for beginners to use, but robust enough for professional projects. It will also synchronize files and edits with the desktop version via Creative Cloud.The app was heavily promoted by Adobe as being “real Photoshop,” a phrase that many professional users took to mean “full Photoshop.” “I want to say it’s the best product in the world for specific workflows and not have to apologize that it’s not full because that’s not what the customer needs,” Belsky said. The new version of Photoshop will also debut entirely new tools that take advantage of features — such as stylus and touch input — that are native to the iPad, he added.Bloomberg News first reported last year that Adobe was developing Photoshop for iPad and it was announced last October for release this year.“I couldn’t be more proud of where we landed,” Belsky said. “People will see for themselves.”To contact the authors of this story: Mark Gurman in Los Angeles at mgurman1@bloomberg.netNico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editor responsible for this story: Vlad Savov at vsavov5@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Investor's Business Daily
Adobe Stock Cracks After Analyst Downgrades It To Neutral
A Wall Street analyst stepped to the sidelines on Adobe stock on Wednesday, saying growth expectations for the company's Digital Experience business are "too high based on current trends."
- InvestorPlace
5 Top Stock Trades for Thursday: ADBE, NFLX, ABT
The indices did not move too much on Wednesday, but a handful of tech stocks were hit hard on the day. Let's look at a few of the top stock trades going into the latter half of the week. Top Stock Trades for Tomorrow No. 1: Adobe (ADBE)Adobe Systems (NASDAQ:ADBE) came under pressure Wednesday following a downgrade from Citi analysts.InvestorPlace - Stock Market News, Stock Advice & Trading TipsShares have been trying to break out over downtrend resistance (blue line) and were actually succeeding before Wednesday. However, the tepid bullish action was not enough to withstand today's selling.Nor were the 20-day and 200-day moving averages, as ADBE stock gapped below both metrics. However, it's finding some reprieve from the 38.2% retracement. Now investors want to know, can ADBE reclaim the 200-day and downtrend resistance or are lower prices in store?If it's the latter, look for a decline down into the $258 to $260 area. There it will find a notable level of support as well as the 50% retracement. If that fails to hold, ADBE stock may be in trouble. On the upside, the charts are pretty cluttered until Adobe can clear the 50-day moving average. Top Stock Trades for Tomorrow No. 2: Netflix (NFLX)Netflix (NASDAQ:NFLX) is very much a mixed picture ahead of the company's earnings report on Wednesday after the close.On the plus side, shares have broken out over downtrend resistance (blue line) and are maintaining above the 20-day moving average. On the downside, they are stuck below the 50-day moving average and the 38.2% retracement.So what now?Should shares decline, look to see if the 23.6% retracement at $267.75 can support the name. If not, $260 could be on deck, with the September low of $252.28 below that. Below the September low and the December low is possible.On the upside, see that NFLX reclaims and holds the 50-day moving average and 38.2% retracement. Above that opens the door to the 50% and 61.8% retracements at $308.61 and $326.81, respectively. Top Stock Trades for Tomorrow No. 3: Abbott Labs (ABT)Abbott Labs (NYSE:ABT) was mixed on Wednesday after it reported earnings. However, with clear-cut support nearby and breakout potential, it's worth watching.Look at the past year of action. Shares have a consolidation period, then tend to break out to new highs and consolidate again. The old highs also tend to become support.Luckily, the prior highs near $79 to $80 also intersect with the 200-day moving average and 61.8% retracement. That makes it a pretty solid risk/reward area for investors. Below $79 and traders may consider stopping out.On the upside, see if ABT stock can break out over downtrend resistance and the 50-day moving average. Over it and a move back to $86-plus could be in the cards. Top Stock Trades for Tomorrow No. 4: ServiceNow (NOW)ServiceNow (NYSE:NOW) was hammered on Wednesday and it leaves the stock clinging to support. Shares are just above the 200-day moving average and range support near $250.Below $250 and the October low of $243.54 is on the table. Below that and the stock could struggle a bit.If support holds, look for NOW to reclaim the 50-day moving average and rally back up to range resistance near $275. Over $275 and perhaps ServiceNow could retest the backside of its prior uptrend (blue line). Top Stock Trades for Tomorrow No. 5: Workday (WDAY)Thought ServiceNow investors were having a bad day? Just look at Workday (NASDAQ:WDAY), which was hit even harder on the day.The 61.8% retracement held WDAY in check on Tuesday, and on Wednesday the 38.2% retracement is acting as bulls' saving grace. Below the 38.2% and Wednesday's low, and the $145 mark could be on the table.If current support at the 38.2% retracement holds, look for WDAY to reclaim the $165 to $166 area. Above that and it will also have to reclaim downtrend resistance.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks to Buy (With Brands You Can Find In Your Kitchen) * 7 Hot & Trendy Generation Z Stocks to Buy * 5 Stocks to Buy in the Mighty Middle The post 5 Top Stock Trades for Thursday: ADBE, NFLX, ABT appeared first on InvestorPlace.
- Barrons.com
Adobe Stock Is Sliding as Analyst Raises Doubts on ‘Financial Momentum’
Adobe stock (ticker: ADBE) is up just under 19% in 2019, about keeping pace with the S&P 500’s gains over the same time. Last month, the stock moved up after Adobe released its latest earnings report, despite a disappointing outlook and a difficult environment in general for many software stocks. On Wednesday, Citi analyst Walter Pritchard lowered his rating on Adobe to Neutral from Buy, lowering his target for the stock price to $313 from $322.
- Market Realist
Adobe, Workday, and ServiceNow Fall Due to Downgrades
Adobe (ADBE), Workday (WDAY), and ServiceNow shares have lost significant market value in early-market trading today. Adobe stock has fallen close to 4%.
- Benzinga
Citi Steps To Sidelines On Adobe
As of Tuesday, Adobe Inc (NASDAQ: ADBE ) stock is up 24.4% year-to-date — five points ahead of market indices. But its run isn’t enough for one former bull. The Analyst Citi analyst Walter Pritchard downgraded ...
- MarketWatch
Adobe stock falls after Citi downgrade
Shares of Adobe Systems Inc. are off 3.6% in Wednesday trading after Citi Research analyst Walter Pritchard cut his rating on the stock to neutral from buy. He argues that consensus expectations for Adobe's digital experience revenue are too high given current trends and that the company will have to invest further in this area of the business, which potentially limits margin expansion. His analysis also indicates that excluding price increases, Adobe saw flat annual-recurring-revenue trends in its Creative Cloud business over the past two years. "We are downgrading Adobe from buy to neutral based on concerns about the ability to continue the financial momentum it has had over the last five-plus years," he wrote, while lowering his target price to $313 from $322. The stock is down 12% over the past three months, as the S&P 500 has shed 0.5%.
- Investing.com
Adobe Falls 3%
Investing.com - Adobe (NASDAQ:ADBE) fell by 3.28% to trade at $270.23 by 09:30 (13:30 GMT) on Wednesday on the NASDAQ exchange.
- TheStreet.com
Adobe Receives Citi Downgrade, Price Target Lowered to $313
Citi downgrades shares of Adobe to neutral because of dimming visibility in the company's growth and margin prospects.
- Simply Wall St.
Have Insiders Been Selling Adobe Inc. (NASDAQ:ADBE) Shares?
We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is...
- InvestorPlace
Shopify Stock Has Become a Bubble
Shopify (NYSE:SHOP) stock has plateaued. SHOP had a massive run-up, as Shopify stock more than tripled in eight months. However, SHOP stock pulled back dramatically in August and has traded in a range since that time.Source: justplay1412 / Shutterstock.com Now many wonder what SHOP stock will do next. Will it retest its all-time high of $409.61 per share or will it resume its decline? Imagine the UnimaginableShopify stock is a long-term winner. However, the owners of SHOP stock have a lot to worry about in both the short and the medium term. InvestorPlace contributor Luke Lango, a SHOP bull, described the recent 23% decline since August as a normal, healthy pullback. Stocks that are in a longer-term rally commonly undergo such declines, and he may well be correct.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 A-Rated Stocks to Buy for the Rest of 2019 However, the behavior of SHOP stock could also serve as a reminder that the "unimaginable" routinely occurs in the stock market. Unfortunately, SHOP stock is poised for a massive drop if investors' sentiment turns negative.Shopify stock still trades at 330 times its forward earnings. At that level, it would have to fall almost 90% from its all-time high before it would no longer be overvalued by traditional standards.But such drops happen even to even to solid companies. In September of last year, many thought Nvidia (NASDAQ:NVDA) could do no wrong as NVDA stock climbed north of $290 per share. I can also remember when people thought the same about Cisco (NASDAQ:CSCO). At one point in early 2000, CSCO rose above $80 per share, briefly becoming the world's most valuable stock.However, NVDA stock lost about 60% in less than three months last year. Cisco would go on to lose 90% of its value over two years as the tech boom went bust. Nearly 20 years later, CSCO stock has not yet regained its all-time high. Competitors, Economy Could Hurt ShopifyBut is it possible that those who are bullish on SHOP stock will be proven correct? Of course. The unimaginable happens every day. InvestorPlace contributor and Shopify stock bull Nicolas Chahine predicts that, "the breakout in either direction will be strong." I agree with his assertion.Still, many signs indicate that SHOP stock cannot continue to trade at such high valuations. Unlike some other stocks that have broken out to the same extent, Shopify has competition. WordPress developers tend to gravitate toward WooCommerce. Adobe's (NASDAQ:ADBE) purchase of Magento has made ADBE a competitor of SHOP.Furthermore, if a recession occurs, it will probably hit the small and medium-sized business that Shopify serves will be especially hard-hit. Shopify could attract new business as unemployed workers scramble for a way to earn money. However, that turnover will create uncertainty that could lead investors to question the high valuation of SHOP stock. How to Trade SHOP StockSHOP stock could move back to its record high or even beyond.But Shopify stock looks like a bubble. Virtually no company can justify a 330 forward price-earnings ratio, regardless of its performance. Investors also need to remember that even the seemingly most solid of companies can lose almost all of their value.Despite the high price of Shopify stock, I see SHOP as a long-term winner. Even with the rising competition in the e-commerce space, businesses often choose SHOP when they want an e-commerce platform that's not tied to Amazon or other large tech firms. Although a recession could disrupt the company's growth for awhile, its business has just scratched the surface of its potential, given the explosive outlook of e-commerce. Shopify will benefit as more businesses utilize e-commerce.Unfortunately, in light of the sky-high valuation of SHOP stock, investors do not know whether these catalysts will boost SHOP stock within several days or several years. That makes SHOP too risky to buy at its current levels.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Super Boring Stocks to Buy With Super Safe Returns * 10 Winning Stocks to Buy and Stick With for the Long Haul * Don't Give Up on These 4 Cannabis Stocks The post Shopify Stock Has Become a Bubble appeared first on InvestorPlace.
- Investor's Business Daily
Fund Outperforms Despite Holding Just 22 Growth Stocks; Here's Its Strategy
Managers of Edgewood Growth Fund want growth stocks that are poised for long-term earnings growth and are trading at big discounts to fair market value.
- Investopedia
6 Market Leaders Fueled by Superior Revenue Growth
As a slowing economy and trade wars cloud the outlook for U.S. companies, Goldman Sachs has compiled a list of stocks that are expected to post double-digit sales increases in 2020 despite strong macro headwinds. Excluding stocks in the financial, utilities, and real estate sectors, a mere 24 members of the S&P 500 Index (SPX) are projected to increase revenues by 10% or more 2020, per the new edition of Goldman's US Quarterly Chartbook. While the S&P 500 is up by 16.5% year-to-date through Oct. 9, 2019, six of these stocks have posted even more impressive gains: Global Payments Inc. (GPN), 56.2%, Danaher Corp. (DHR), 33.1%, Adobe Inc. (ADBE), 21.2%, Nvidia Corp. (NVDA), 35.4%, Mastercard Inc. (MA), 44.3%, and Microsoft Corp. (MSFT), 36.1%.
- Zacks
Zacks Earnings Trends Highlights: Nike, FedEx and Adobe
Zacks Earnings Trends Highlights: Nike, FedEx and Adobe
- Zacks
Adobe (ADBE) is an Incredible Growth Stock: 3 Reasons Why
Adobe (ADBE) is well positioned to outperform the market, as it exhibits above-average growth in financials.
- Zacks
Here's What to Expect as Q3 Earnings Season Revs Up
Here's What to Expect as Q3 Earnings Season Revs Up
- Zacks
Is Adobe Systems (ADBE) Outperforming Other Computer and Technology Stocks This Year?
Is (ADBE) Outperforming Other Computer and Technology Stocks This Year?
- MoneyShow
Adobe- Changing the Digital World
Adobe Systems (ADBE) is a software company that's changing the world through digital experiences, Crista Huff, growth stock expert and editor of Cabot Undervalued Stocks Advisor.
- Reuters
UPDATE 1-Venezuela designers turn to piracy after Adobe announces it will cut service
Venezuelans desperately explored piracy workarounds on Tuesday to continue using Adobe programs after the software developer said it will cut access to its products for the country's users, citing U.S. sanctions. Critics said the move demonstrated the unintended consequences of the policies of U.S. President Donald Trump's administration. San Jose, California-based Adobe Inc, whose products like Photoshop and InDesign are widely used by designers, illustrators and digital marketers, said on Monday it was "deactivating all accounts in Venezuela" to comply with the sanctions, which are part of Washington's effort to oust socialist President Nicolas Maduro.
- Financial Times
Adobe shuts accounts in Venezuela to comply with US sanctions
Software company Adobe is shutting all its accounts in Venezuela to comply with US sanctions, leaving thousands of users without access to Photoshop and Acrobat Reader, and prompting accusations that it is being heavy-handed and hitting ordinary people rather than the government of Nicolás Maduro. Adobe is no longer permitted to provide you with access to software and services or enable you to make any new purchases,” it said in a letter sent to Venezuelan customers.
- Barrons.com
Adobe Is Suspending Accounts in Venezuela to Comply With a White House Order
Adobe is cancelling all customer subscriptions for people living in Venezuela in order to comply with a Trump administration executive order restricting the ability of U.S. companies to do business with the troubled Latin American country.
- Schaeffer's Investment Research
Adobe Stock Tests Historically Bullish Trendline Again
After a September earnings disappointment, Adobe stock just met up with a key supportive trendline
