|Bid||625.22 x 1000|
|Ask||626.99 x 900|
|Day's Range||615.06 - 628.94|
|52 Week Range||420.78 - 673.88|
|Beta (5Y Monthly)||0.96|
|PE Ratio (TTM)||54.26|
|Earnings Date||Dec 16, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar 24, 2005|
|1y Target Est||646.31|
The customer relationship management giant's latest investor day presentation impressed the market.
Adobe (NASDAQ: ADBE) and Salesforce (NYSE: CRM) are two of the largest cloud-based software companies in the world. Eight years ago, Adobe started to transform its locally installed desktop software -- which included Photoshop, Illustrator, and Premiere Pro -- into subscription-based cloud services. Salesforce, which was founded in 1999, disrupted the market for on-premise customer relationship management (CRM) software by launching its applications as cloud-based services.
Adobe's (NASDAQ: ADBE) stock fell 3% on Sept. 22 after the cloud-based software giant posted its third-quarter earnings. Does that post-earnings dip represent a good buying opportunity? Let's examine three compelling reasons to buy Adobe -- and one reason to sell it.