258.21 -0.70 (-0.27%)
After hours: 7:54PM EDT
|Bid||258.20 x 3200|
|Ask||258.91 x 800|
|Day's Range||255.26 - 261.85|
|52 Week Range||149.03 - 277.61|
|Beta (3Y Monthly)||0.81|
|PE Ratio (TTM)||53.50|
|Earnings Date||Dec 13, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||291.16|
In the latest trading session, Adobe Systems (ADBE) closed at $258.91, marking a -0.68% move from the previous day.
Adobe skyrocketed 9.5% on Tuesday as Wall Street applauded its cloud-oriented product road map and sales guidance for next year.
Furthermore, on a technical basis, breadth is starting to recover after the percentage of NYSE issues above their 50-day moving average hit a low of just 13.6% last week — an even deeper low than what was set back in February. Last week, analysts at Pivotal Research upgraded TWTR stock on a valuation tailwind. Analysts are looking for earnings of 14 cents per share on revenues of $703.7 million.
More corporate giants are now aiming to establish themselves as extraterrestrial enterprises, as U.S. progresses toward less expensive access to space.
Adobe’s (ADBE) revenue rose at a four-year CAGR (compound annual growth rate) of 16% to $7.3 billion in fiscal 2017, which ended on November 30, 2017. Its net income increased at a four-year CAGR of 33% to $2.2 billion.
NEW YORK, NY / ACCESSWIRE / October 17, 2018 / Adobe shares climbed higher on Tuesday as Wall Street celebrated the company’s preliminary guidance for fiscal 2019. Shares of Facebook also saw gains despite the social media company potentially facing a big fine over its data breach in September. Adobe Inc. shares closed up 9.52% on nearly 8.5 million shares traded on Tuesday.
The stock market rallied broadly on Tuesday on the back of good earnings results and led higher by technology and healthcare stocks. Trend-following darling Adobe (NASDAQ:ADBE) stock acted notably well and, thanks to Tuesday’s rally, held key trend support. On Monday, Adobe reported its latest financial results and along with it gave an upbeat 2019 outlook with a 20% rise in expected sales.
For some cloud stocks, the sky may be the limit. Adobe ADBE shares surged more than 9 percent Tuesday, the stock's best day since last October. The rise came after Adobe reported quarterly earnings that beat Wall Street analysts' estimates.
Wall Street is gushing over Adobe’s cloud-oriented product road map and its sales guidance for next year. Adobe stock soared 9.5% on Tuesday.
Do you know many of America’s fastest-growing businesses are built on one key principle? Today, there are nearly as many Prime subscribers as there are full-time workers in America. Or Netflix (NFLX) Some 45% of all American households now subscribe to its video service.
Investing.com – Stocks on Wall Street rallied sharply on Tuesday as upbeat results from corporates whetted investor appetite for riskier assets.
The blue-chip benchmark had its best day since March as stellar earnings pushed stocks higher and yields remained tame.
Stock futures: Adobe rose on solid guidance. Palo Alto Networks reiterated guidance and named a president. Twilio will buy mass-emails specialist SendGrid. Dow stock UnitedHealth earnings topped.
The Nasdaq led stocks higher Tuesday as Adobe spiked and Dow stocks buzzed after Johnson & Johnson, UnitedHealth and Goldman Sachs reported.
Since Wednesday, IBD's Market Pulse has been in correction mode. Tuesday's bullish action doesn't change the lack of a bullish signal.
The stock market was sharply higher late Tuesday, helped in part by strong earnings from top stocks in the Dow like UnitedHealth Group and Johnson & Johnson.
What a rebound in the stock market! The PowerShares QQQ ETF (NASDAQ:QQQ) surged 2.6%, the Dow Jones jumped almost 500 points and for once, small caps led the rally rather than the decline. That sets up a ton of must-see stock charts and top stock trades for tomorrow.Top Must-See Stock Charts #1: Adobe (ADBE)
Revenue may climb 20 percent in fiscal 2019, with sales increasing evenly across the central business units, the San Jose, California-based company said Monday in a statement. Chief Executive Officer Shantanu Narayen has sought to expand Adobe by emphasizing its main creative software and bolstering a suite of business offerings.
Adobe reiterated previous revenue estimates for fiscal year 2018 and issued 2019 revenue estimates that beat out Wall Street consensus. Adobe completed its purchase of digital marketing company Marketo last month, and plans to close a deal for online marketplace Magento later this quarter — in what is expected to be another boon for revenue. Shares of Adobe are up more than 70 percent in the last 12 months and are now within 10 percent of 52-week highs.
Adobe Inc. ( ADBE) shares rose more than 7% on Tuesday morning after the company reaffirmed fourth quarter estimates for revenue of $2.42 billion and earnings per share of $1.87. While this guidance was slightly below consensus forecasts, investors were encouraged by the company's projected 20% revenue growth and $1.4 billion in net new annual recurring digital media revenue for FY 2019. In addition to this guidance, the company announced the limited release of its Project Aero AR product at the Adobe MAX conference this week.
Few have done so as spectacularly as Adobe Systems (NASDAQ:ADBE). John Warnock and Charles Geschke founded Adobe around PC tools like PostScript and Photoshop. Adobe said Oct. 15 it expects top-line growth of 20% next year, to $10.8 billion, well above previous analyst estimates, and the stock rose almost 6% in response.