255.80 +0.11 (0.04%)
After hours: 7:00PM EDT
|Bid||255.42 x 1200|
|Ask||255.80 x 3200|
|Day's Range||249.80 - 256.77|
|52 Week Range||138.31 - 258.91|
|PE Ratio (TTM)||58.93|
|Earnings Date||Sep 13, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||239.60|
Today Adobe (ADBE) announced it has appointed Dana Rao as executive vice president and General Counsel, effective immediately. Rao will succeed Mike Dillon, who announced his intent to retire earlier this year. Rao will report to Adobe president and CEO Shantanu Narayen and will oversee all of Adobe’s legal and government relations matters.
Lingering trade-war fears carried over to the stock market near midday Monday, but the selling was mostly focused in blue-chip stocks as Intel and Walt Disney weighed on the Dow.
While Magento ensured Adobe’s entry into the e-commerce space, DataScience.com is expected to give Oracle’s efforts a boost in the AI and machine-learning spaces, which are viewed as two of the fastest-growing segments in the technology sector. According to a study done by Aheadworks, an industry partner of Magento, WooCommerce and Magento held market shares of 18% and 16%, respectively, in the fragmented web store space in 2017.
Earlier in the series, we discussed the acquisitions of Coresystems and DataScience.com by SAP (SAP) and Oracle (ORCL), respectively. On May 21, Adobe (ADBE) announced its acquisition of Magento Commerce for $1.7 billion. Discussing how this acquisition would boost Adobe’s offerings and its presence in the commerce space, Brad Rencher, executive vice president of digital experience at Adobe, said, “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.
Julian Robertson is the founder and chair of Tiger Management. In the previous part of this series, we discussed that he has an optimistic outlook on the US technology sector (QQQ) and the US financial sector. In this part, we’ll look at Tiger Management’s top buys in the first quarter of 2018.
Stocks that moved substantially or traded heavily Friday: Boeing Co., down $4.54 to $357.88 Industrial company stock fell after the U.S. announced tariffs on $50 billion in Chinese imports and China vowed ...
The Nasdaq rose to a new high while the Dow retreated amid Trump trade moves. A federal judge OK'd the AT&T-Time Warner deal while the Fed sees more rate hikes. RH and Etsy soared.
The U.S. imposed tariffs on about $50 billion in imports from China. closed the $85.4 billion purchase Time Warner Inc. For the week the Dow fell 0.89%, the S&P 500 rose 0.01% and the Nasdaq climbed 1.32%.
Trade war fears were back on the front burner Friday, but after falling 1.1% intraday, the Dow Jones industrial average ended with a loss of just 0.3%.
Here are some things going on today in the world of tech: Tech has another in a long line of cloud initial public offerings this year, with shares of Avalara (AVLR) soaring 68% from their offer price of $24, to a recent $66.71. As expected, the Trump administration has proposed new tariffs on Chinese exports this morning, $50 billion of goods, with President Trump issuing a statement that referenced “my great friendship with President Xi of China,” but also pointing to trade between the U.S. and China that has been “very unfair for a very long time.” As expected, China’s nascent high-tech industry is in focus here. Without specifying the items under export, the President stated “the United States will implement a 25 percent tariff on $50 billion of goods from China that contain industrially significant technologies.
Adobe stock received a bunch of price-target increases from Wall Street analysts after the company delivered better-than-expected fiscal second-quarter results and guided higher for the current quarter late Thursday.
One of my favorite cloud stocks over the past several years has been Adobe Systems Incorporated (NASDAQ:ADBE). At its core, Adobe is a giant creative solutions company that offers cloud-based and data-driven services and operates without much competition. Plus, without viable competition, Adobe is free to hike prices without any user churn, thus adding significant firepower to the company’s margin expansion potential.
In the previous article, we discussed SAP’s (SAP) recent acquisition of Coresystems, which should strengthen its position in the customer software space. Last week, SAP announced a new offering, C/4HANA. C/4HANA is SAP’s fourth-generation customer experience suite, which the company has developed by bundling all its front office software.
Adobe Systems Incorporated (NASDAQ:ADBE) reported earnings last night and investors are selling the stock on the headline. Management beat bottom-line expectations, but only met revenue expectations, albeit at record levels. This is a relative term these days made worse because we just had new all time highs in the NASDAQ, where we see massive moves on frothy momentum tickers.
Earlier in this series, we discussed Adobe’s (ADBE) recent billion-dollar acquisition of Magento. Magento’s e-commerce platform integrates digital commerce, order management, and predictive intelligence so that both B2B (business-to-business) and B2C (business-to-customer) customers benefit globally, as commerce is crucial to the customer experience. Adobe is known for its publishing tools suite.
Adobe Systems Incorporated (NASDAQ: ADBE )'s fiscal second-quarter print came in better than expected Thursday afternoon. Here's how the sell side reacted. The Analysts Pivotal Research Group's Brian Wieser ...
Here are some of the companies with shares expected to trade actively in Friday's session. FitBit Inc.—Down 0.9%: Six of the company's current and former employees have been charged with stealing trade secrets from Jawbone, a technology wearables company whose parent company, AliphCom Inc.
Adobe is still a cloud king. went to the tape last night with second quarter earnings. It becomes obvious to the casual chart-watcher that once that opening bell rings at 09:30 ET, these shares will in all likelihood no longer be overbought in terms of relative strength.
Shares of Adobe Systems Inc. are down 3.3% in premarket trading Friday, after the software company reported beats that weren't "as clean" as others in the past, according to J.P. Morgan analyst Sterling Auty. In addition, he said that the company's earnings beat "really came from below the line items." Auty raised his price target on the stock to $260 from $235, though he maintained his neutral rating. Stifel's Tom Roderick also raised his price target, to $275 from $250.