ADBE - Adobe Inc.
| Previous Close | 351.76 |
| Open | 354.10 |
| Bid | 350.02 x 1100 |
| Ask | 351.00 x 800 |
| Day's Range | 349.20 - 355.69 |
| 52 Week Range | 237.27 - 355.69 |
| Volume | 1,640,163 |
| Avg. Volume | 2,272,374 |
| Market Cap | 171.372B |
| Beta (5Y Monthly) | 1.11 |
| PE Ratio (TTM) | 58.56 |
| EPS (TTM) | 6.00 |
| Earnings Date | Mar 11, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | Mar 23, 2005 |
| 1y Target Est | 352.67 |
- MarketWatch
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- Investopedia
Adobe Shares Surge With Massive Demand
A gain of 6.04% in 2020 for shares of Adobe Inc. (ADBE) has big money written all over it. A great way to uncover tomorrow's winners is to look for great stocks seeing big buy activity, and Adobe could be just the opportunity. Smart money managers are always looking to bet on the next outlier stocks … the best in class.
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Adobe Systems (ADBE) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Adobe Systems (ADBE) closed at $349.74, marking a +1.26% move from the previous day.
- MarketWatch
Adobe stock gains after Oppenheimer upgrade, while Autodesk gets a downgrade
Shares of Adobe Systems Inc. are up 0.9% in premarket trading Friday after Oppenheimer analyst Brian Schwartz upgraded the stock to outperform from perform, while Autodesk Inc. shares are off 0.7% after he made the reverse move on that software stock. Schwartz said that Adobe is the closest supplier among those he covers to achieving the "holy grail" of the customer experience, which in his view is "having the capability to smoothly integrate customer data, workflow, analytics, compute and reporting in real-time, across all devices." As for his Autodesk downgrade, Schwartz is concerned that the company's strong execution in its construction business can't balance a weak macroeconomic backdrop in the manufacturing sector. Autodesk's stock has added 33% over the past three months, while Adobe's has climbed 28% and the S&P 500 has risen 11%.
- Simply Wall St.
Does Adobe (NASDAQ:ADBE) Have A Healthy Balance Sheet?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
- American City Business Journals
New coalition of software startups takes aim at Salesforce, Oracle, SAP
This group of 200 members is calling on other independent software makers to join their cause in fighting CRM suite makers that require customers to use only software tools in their suite.
- Moody's
Adobe Systems Incorporated -- Moody's upgrades Adobe's senior unsecured rating to A2
Moody's Investors Service, ("Moody's") upgraded Adobe Systems Incorporated's senior unsecured rating to A2 from A3. Adobe surpassed $11 billion of revenue in FY 2019 (FYE November 29, 2019) and though small relative to other A2 rated issuers, its growth rate is among the highest in the rating category, its free cash flow well above the median for the category and its credit metrics among the strongest in the category. Adobe's growth rate has averaged over 20% since 2015 driven by increasing adoption of the company's creative tools and the digital transformation of the advertising and marketing process.
- American City Business Journals
New Relic names former Adobe, Microsoft exec chief product officer
Previously, New Relic's chief product officer was based in Portland. The new CPO will share time between Salt Lake City, Portland and other global offices.
- Bloomberg
Software Upstarts Hit Salesforce, Oracle on Tech and Sales Practices
(Bloomberg) -- When Salesforce.com Inc. emerged two decades ago, it lashed out at the software establishment: large companies that allegedly locked clients into dated products. Now, a coalition of newer rivals have extended that criticism to the cloud applications pioneer. Ten software upstarts kicked off a public campaign Thursday that knocks customer relationship management, or CRM, titans, including Salesforce, Oracle Corp. and SAP SE, by saying the large companies keep clients trapped in subpar software suites, potentially shutting out smaller rivals with newer technology.The “Platform of Independents” leading the effort include Segment Inc., Amplitude Inc., Outreach Inc., Pendo.io Inc. and Drift.com Inc. Some of the companies are privately held unicorns, with valuations exceeding $1 billion. Each caters to a different software niche. The campaign began with a two-page ad in Thursday’s print edition of the Wall Street Journal and includes a web page and information sessions for prospective clients. More than 190 companies co-signed the main tenet of the campaign, that CRM software “isn’t enough” to provide good customer experiences to consumers.“We, as independent software companies, have built our products with the belief that a business should never be locked into a suite, never forced to have a one-size-fits-all technology approach, and its data should never be siloed,” the companies said in a statement. “It’s time to break free of the data monopoly.”The smaller companies argue the large software makers focus more on selling bundled packages of products than serving their clients’ needs with continuous innovation. Large technology companies have come under increasing antitrust scrutiny for their business practices, including how they wield power to maintain advantages over smaller firms. Beyond panning the quality of the bigger players’ technology, the chief executive officers of the startups said their larger rivals use acquisitions to bolster their market power.“If any of these guys becomes too big, that’s a threat to all of us in this ecosystem,” said Spenser Skates, CEO of Amplitude, which helps clients understand user behavior to improve product experiences. “Salesforce bought MuleSoft, Cisco bought AppDynamics. This is continuing to happen. It’s definitely a concern.”Representatives for Salesforce, Oracle, SAP, and Microsoft didn’t immediately respond to a request for comment. Salesforce has been well served by its strategy in the CRM market. The company’s shares climbed about 19% last year. Oracle’s stock rose about 17%. Salesforce led the market for customer-management applications with 16.8% as of 2018, the last full year for which data is available, according to research firm IDC. Oracle was next with 5.7% while SAP came in third with 5.6%. Adobe Inc. and Microsoft Corp. rounded out the top five.Salesforce, founded in 1999, is the youngest company in the group. The others have been around for about four decades.“I think there’s something significantly broken that there’s been no big CRM company built in the last 10, 15, or 20 years,” Peter Reinhardt, the CEO of Segment, which helps companies compile their data about consumers, said in an interview.Reinhardt, who spearheaded this campaign, said he isn’t interested in being acquired. Rather, he wants to work more closely with his Platform of Independents peers to jointly sell packages of software solutions to clients, as a way to counter the selling advantages and software product bundles of larger companies. And Reinhardt is optimistic that a shakeup is possible in enterprise technology.“I think we have a temporarily dominant set of companies,” he said. “But I think there’s a huge opportunity for another rewrite of the CRM world.”(Updates with 2019 share performance in the eighth paragraph.)To contact the author of this story: Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editor responsible for this story: Andrew Pollack at apollack1@bloomberg.net, Mark MilianFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Zacks
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Snap Up 5 Mega-Cap Stocks with Impressive Growth Prospects
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- Zacks
Has Adobe Systems (ADBE) Outpaced Other Computer and Technology Stocks This Year?
Is (ADBE) Outperforming Other Computer and Technology Stocks This Year?
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IBM's Q4 performance is likely to have gained from growing adoption of cloud solutions. However, currency rate fluctuations and declines in IBM Z product cycle may have been concerns.
- Zacks
3 Reasons Growth Investors Will Love Adobe (ADBE)
Adobe (ADBE) possesses solid growth attributes, which could help it handily outperform the market.
- Zacks
Adobe Systems (ADBE) Is Up 2.41% in One Week: What You Should Know
Does Adobe Systems (ADBE) have what it takes to be a top stock pick for momentum investors? Let's find out.
- Zacks
Adobe (ADBE) Moves to Buy: Rationale Behind the Upgrade
Adobe (ADBE) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
- Barrons.com
3 Software Stocks That Could Be Big Winners in 2020
Morgan Stanley believes investors need to be more selective in picking software stocks this year after the industry’s big rally in 2019.
- TechCrunch
Adobe Experience Manager now offered as cloud-native SaaS application
Adobe announced today that Adobe Experience Manager (AEM) is now available as a cloud-native SaaS application. Prior to this, it was available on premises or as a managed service, but it wasn't pure cloud-native. Obviously being available as a cloud service makes sense for customers, and offers all of the value you would get from any cloud service.
- Zacks
The Zacks Analyst Blog Highlights: Chevron, Accenture, Adobe Systems, Gilead Sciences and Honda Motor
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- Yahoo Finance
Microsoft CEO Satya Nadella: Here's what will define the future of retail
Retailers best do a better job of embracing technology in the next decade than they did in the past 10 years. Yahoo Finance speaks with Microsoft CEO Satya Nadella about the future of retail.
- Bloomberg
Adobe Brings One of Its Last Legacy Products to the Cloud
(Bloomberg) -- Adobe Inc. unveiled a cloud-based system to help clients build websites, bringing one of its last legacy products to the cloud almost a decade after shifting to internet-based software.The new content management system already is being used by some customers, the San Jose, California-based company said Monday in a statement. The software maker announced the service at the National Retail Federation conference in New York.Adobe is the largest vendor for enterprise customers in a $3.8 billion market for software that builds websites and manages digital assets, according to data from research firm IDC. The company said it’s the first to provide a purely cloud-computing based solution to large business clients. The software maker currently manages 15 billion web page visits per day and more than 50 million digital assets, including images and videos, across its customer base. Wix.com Ltd. and closely held Squarespace are among the competitors in the field.Companies are increasingly attempting to differentiate themselves with personalized customer experiences, led by websites and marketing materials. Adobe’s “Experience Manager” is also being used to power in-store, interactive screens that retailers have begun using to teach shoppers more about their products.Adobe has spent almost four decades quietly dominating small patches of the technology industry. While it is synonymous for its creative and design software, led by Photoshop, the company has continually invested in new products to maintain leading positions in areas such as marketing, advertising, and customer experience software. The product expansion fueled a 24% revenue increase last year. Wall Street responded favorably, with Adobe’s stock climbing 46% in 2019.Chief Executive Officer Shantanu Narayen moved much of Adobe’s product suite to the internet in 2011, leading to years of growing revenue and setting an example followed by other software makers, including Microsoft Corp. For years, clients who used content management systems weren’t ready to change their way of doing things, Loni Stark, a senior director of strategy and product marketing at Adobe, said in an interview. But added pressure on brands to modernize with sophisticated websites and applications have changed their calculations.Experience Manager’s transition to the cloud “means companies can deliver content faster and be always current on the latest capabilities we’re delivering out there,” Stark said.Apparel company Under Armour Inc. and mapping company Esri Inc. have begun using the new service, and extolled the quicker uploading times and ease of use.“There are no servers to manage,” Bill Phillips, an applications manager at Esri, said in an interview. “Our developers can focus on developing our website and helping get our marketing message out there quicker.”Adobe Experience Manager was previously available as a hosted service, with the software maker managing the infrastructure for clients. But it relied on old-school software that required lengthy download periods for patches and updates, rather than the continuous updates available with internet-based software.“I think of this as a new beginning, a new decade,” Stark said.To contact the reporter on this story: Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew Pollack, Alistair BarrFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
