|Bid||275.00 x 900|
|Ask||277.76 x 800|
|Day's Range||274.98 - 283.20|
|52 Week Range||204.95 - 313.11|
|Beta (3Y Monthly)||1.10|
|PE Ratio (TTM)||49.45|
|Earnings Date||Dec 12, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||313.52|
Subscription bookings growth for Marketo in the mid-market have not met the San Jose software giant’s expectations, said Adobe CFO John Murphy.
Adobe's shares have lost their panache of late, and its shares have pulled back 15% from its highs. Strong buying opportunities in Adobe are infrequent, but right now investors are being presented with a margin of safety. Adobe has consistently delivered 22%-24% revenue growth rates.
Bay Area activist Shannon Coulter announced the campaign, Force the Issue, on Tuesday in order to pressure 900 large, publicly traded companies to stop requiring their employees to sign off on arbitration clauses agreeing not to sue.
After a couple of quiet days for equity investors, we finally got some action in the stock market today. The move comes after the Federal Reserve announced a 25 basis point reduction in the Fed Funds rates.Just the day before, we had noted that the likelihood went from a sure-fire rate cut a few weeks ago to a coin toss. Well, the Fed delivered with lower rates and Fed Chair Jerome Powell said the Fed will be accommodating in the future.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe SPDR S&P 500 ETF (NYSEARCA:SPY) climbed 0.1%, the SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA) rallied 0.2% and the Invesco QQQ Trust (NASDAQ:QQQ) slipped 0.04%. Fed CutsWhile the Fed statement says it will be accommodating, the group does not seem interested in a spree of rate cuts. That's according to the voting members and where they stand in regards to cutting rates both this month and throughout the rest of the year.That's not to say they will not cut rates -- the Fed overall sees at least one more rate cut this year -- but the group's stance caused some dovish investors to recoil initially. * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars Have no fear, though. While Powell said he doesn't anticipate negative interest rates, such as in the European Union, he also said the Fed may have to raise its balance sheet sooner than expected. Further, the Fed will only stop taking accommodating action once it is warranted.If anything, it was a reassuring meeting where equity investors got the rate cut they wanted and heard the Fed has their back. Powell called it an "insurance" move, and that's exactly what it was. Roku WreckedDespite the accommodating stance of the Fed, Roku (NASDAQ:ROKU) was smashed on the day. Shares had already declined notably from its highs near $176, but they were holding up pretty well between $140 and $150 as the 20-day moving average was buoying the stock.That is, until today.Despite Guggenheim analysts maintaining their "buy" rating and moving their price target from $119 to $170, the stock plunged more than 14% at one point. The stock came within this close of hitting its 50-day moving average on the decline.From a trading perspective, it's got some investors wondering if ROKU will test and hold this mark, or if it will knife right through it like so many other red-hot tech stocks did earlier this month.In any regard, the decline comes as both Facebook (NASDAQ:FB) and Comcast (NASDAQ:CMCSA) announce over-the-top products and platforms. Increasing competition, especially from these juggernauts, dealt a blow to Roku today. Let's see where it ends up finding support. Movers in the Stock Market TodayAdobe Systems (NASDAQ:ADBE) initially took a tumble after reporting earnings. The company beat on earnings and revenue expectations, but provided lower-than-expected guidance for next quarter. As such, shares sank 1.8% on the day.(Here's how to trade Adobe stock now, by the way).Shares of FedEx (NYSE:FDX) were creamed on Wednesday and deservedly so. Revenue was flat year-over-year and in line with expectations, while earnings missed analysts' expectations. Worse, the company cut its full-year revenue and earnings outlook, with the midpoint of the latter coming in roughly 16% below consensus estimates. Shares fell almost 13% and hover just above its 52-week lows. The result is also ushering in a slew of Wall Street downgrades.Chewy (NYSE:CHWY) fell 6.2% after the company reported earnings. Revenue grew 43% year-over-year and topped expectations, while earnings missed estimates. However, margins expanded and EBITDA topped estimates. Let's see how this recent IPO does in the coming days and weeks.General Mills (NYSE:GIS) slipped 0.9% after beating earnings and missing on revenue expectations. Management reaffirmed its full-year outlook and while the quarter wasn't great, it wasn't terrible either. With that 3.6% yield and the Fed cutting interest rates again, it may be enough to keep investors going to GIS.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 CBD Stocks to Buy That Are Still Worth Your Investment Dollars * 5 Stocks to Buy With Great Charts * 5 Goldman Sachs Stocks to Buy with Over 20% Upside Potential The post Stock Market Today: Federal Reserve Cuts Rates; Roku Tumbles appeared first on InvestorPlace.
A trio of earnings announcements set the tone at the top of Wednesday's PreMarket Prep show. After the close on Tuesday, FedEx Corporation (NYSE: FDX) disappointed the Street with a third-quarter miss along lower guidance for 2020 EPS and sales. The next issue on the hit parade was Chewy Inc (NYSE: CHWY).
It has been a quiet week, but stocks were on the move Wednesday after the Fed announced it would cut interest rates by 25 basis points. Let's look at a few top stock trades going forward. Top Stock Trades for Tomorrow 1: RokuRoku (NASDAQ:ROKU) was by far the top focus on Wednesday, with shares falling more than 14% at one point. The fall comes despite the stock consolidating at its 20-day moving average and receiving a nice price target increase on the day. However, both Facebook (NASDAQ:FB) and Comcast (NASDAQ:CMCSA) announced over-the-top streaming products for its customers.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt seems like investors were just looking for an excuse to sell Roku. After all though, shares ran from ~$100 pre-earnings to more than $175 a month later. As if a 75% rally in one month weren't absurd enough, shares were up almost four-fold from the December lows before that rally. * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars So what now?Shares puked right down into the 50-day moving average. Is it still enough to unwind that overbought condition? We won't know until ROKU puts in a few more sessions. Right now, it certainly looks like more losses could be on the way.Perhaps not in the next day or two, but looking forward to the intermediate term. That said, we don't have a crystal ball and we need to keep watch day by day.At $120, Roku stock would be back to its gap-up post-earnings open and at the 38.2% retracement. Should we get a Q4 swoon where the market is hit hard, one could see a scenario where Roku is back down into the $100 to $110 level.A reversal could change the tune for Roku, with bulls back in control if shares reclaim the 23.6% and the 20-day moving average. Let's start with the 50-day and see how Roku does from there. Top Stock Trades for Tomorrow 2: Adobe SystemsAdobe Systems (NASDAQ:ADBE) fell after reporting earnings, but held a very key spot. Support came into play from the 200-day moving average and uptrend support (blue line).I would love to see ADBE stock reclaim the key $277 level, as well as the 20-day moving average. In this event, look for a possible rally up to the 50-day moving average.Below Wednesday's low is cause for concern for longs. Top Stock Trades for Tomorrow 3: Beyond MeatBeyond Meat (NYSE:BYND) is on the move lower after Tim Horton's will reportedly pull BYND's products from most of its locations.So far though, BYND remains mostly range-bound. Below uptrend support near $145, and range support at $140 is on the table. Below that mark certainly raises a red flag for bulls, but if it holds, a rebound could be in store.Should support hold or should Beyond not even fall to that point, look for a possible rally to range resistance near $170 and the 50-day moving average, currently near $168. Top Stock Trades for Tomorrow 4: Bristol-Myers SquibbAfter hitting a low point in July, Bristol-Myers Squibb (NYSE:BMY) stock has been slowly but surely making its way higher. Remember it's in the midst of acquiring Celgene (NYSE:CELG) too.In any regard, look to see if we can get a move over $50. If so, it puts a run up to $53 on the table. * 7 Momentum Stocks to Buy On the Dip On the downside, I want to see prior short-term resistance near $48 act as support. Below uptrend support and/or the 20-day moving average, and BMY may need more time to setup.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long CELG. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars * 5 Stocks to Buy With Great Charts * 5 Goldman Sachs Stocks to Buy with Over 20% Upside Potential The post 4 Top Stock Trades for Thursday: ROKU, ADBE, BYND appeared first on InvestorPlace.
Google is up against a lot of scrutiny from U.S. regulators, which overshadows its legal win in Germany, self-driving prowess and strategic wins at traditional automakers.
Enterprise software has been one of the most notable bright spots in the tech world. Just look at some of the recent IPOs which have soared in value from companies like Zoom Video Communications (NASDAQ:ZM) and Elastic (NYSE:ESTC) But even mature firms, like Microsoft (NASDAQ:MSFT) and Adobe (NASDAQ:ADBE), have rejuvenated their businesses.Source: JHVEPhoto / Shutterstock.com And then there is IBM (NYSE:IBM). The company whiffed on the cloud. It also whiffed on mobile. And even in AI (artificial intelligence) - in which IBM has invested for a long time - the results have been mixed.The irony is that IBM should have been a huge beneficiary of these trends. It has a trusted brand, a global footprint (it has 60 datacenters across the world) and a massive customer base. But unfortunately, the company did not adapt quickly enough.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars The Good News for IBM StockDespite all its problems, IBM is still healthy from a financial standpoint, as it continues to generate substantial cash flows. The company also has incredibly talented employees.More importantly for IBM stock, the company has made critical moves to restructure its operations. Specifically, it has eliminated jobs and unloaded non-core assets, while also retooling its software to keep up with the competition.But I think the most consequential point is that the company has been willing to make big bets, as shown by its $34 billion mega-acquisition of Red Hat.True, there is a good deal of irony in this deal. When Linux and other open-source software platforms emerged in the 1990s, IBM's reaction was to fight back - and hard.But it was a losing battle. Open-source software has become a critical part of companies' arsenals. So with the Red Hat deal, IBM has become the leader of the space.There are clear benefits to open-source software. Specifically, adoption of it can be rapid because the technology is free and it's continuously being updated by developers.Red Hat has been able to leverage its technology to create an extensive platform that enables a hybrid cloud environment. Because of security, privacy and regulatory concerns, larger companies need to combine different, i.e. hybrid, options when it comes to the cloud. For example, they can utilize a mix of private and public clouds. Among the companies that provide public cloud infrastructure are Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) and MSFT. As a result of this need for flexibility, the flexibility of the open-source model, for the most part, has proven to be spot-on.As part of IBM, Red Hat will benefit from the tech giant's tremendous distribution capabilities. What's more, the cloud opportunity is still massive. IBM believes that the typical enterprise has only transitioned 20% of its data to the cloud.Here's what the Senior Vice President and Chief Analyst of research firm IDC , Frank Gens, said about the acquisition of Red Hat: "As organizations seek to increase their pace of innovation to stay competitive, they are looking to open source and a distributed cloud environment to enable a new wave of digital innovation that wasn't possible before. Over the next five years, IDC expects enterprises to invest heavily in their journeys to the cloud, and innovation on it. A large and increasing portion of this investment will be on open hybrid and multicloud environments that enable them to move apps, data and workloads across different environments."In other words, the deal has the potential to generate growth for IBM and should help make Big Blue a major player in cloud computing. That should definitely be positive for IBM stock. The Bottom Line On International Business Machines StockI can understand why there is lots of skepticism regarding the bull case on IBM stock. Consider that, over the past five years, IBM stock price has fallen 2%.But I think the Red Hat deal will be a game changer that will get IBM stock back on track. In fact, investors are already more upbeat on the shares, as IBM stock price has jumped 25% this year.There will likely be bumps in the road for IBM stock, as acquisitions are never easy. But with the dividend yield at 4.56% - one of the highest in the tech world - and the forward price-earnings ratio standing at only 10.5, IBM does look interesting.Tom Taulli is the author of the book, Artificial Intelligence Basics: A Non-Technical Introduction. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars * 5 Stocks to Buy With Great Charts * 5 Goldman Sachs Stocks to Buy with Over 20% Upside Potential The post IBM Stock: It's All About Red Hat appeared first on InvestorPlace.
This most-searched list is a feature included in Benzinga Pro's Newsfeed tool. It highlights stocks frequently searched by Benzinga Pro users on the platform. Aclaris Therapeutics (NASDAQ: ACRS ) shares ...
Shares of Adobe Inc (NASDAQ: ADBE) continued to fall on Wednesday after missing expectations on subscription bookings and lowering guidance for its Digital Experience business. Canaccord Genuity’s Richard Davis kept a Buy rating and $320 target price on Adobe. Wedbush analyst Daniel Ives continues to be Neutral on the stock with a $290 price target.
Adobe, Southwest Airlines, GoDaddy, Amazon and WeWork are the companies to watch.
The salary totals are yet another example of the bruising battle Bay Area employers face for talented workers, especially in the tech industry.
Adobe's (ADBE) fiscal third-quarter results benefit from increasing subscription adoption and solid momentum across Creative Cloud, Document Cloud and Experience Cloud.
U.S. stock futures are headed for a sleepy open as traders gear up for a rapid reaction to this afternoon's Federal Reserve announcement. Ahead of the bell, futures on the Dow Jones Industrial Average are down 0.08% and S&P 500 futures are lower by 0.10%. Nasdaq-100 futures have shed 0.09%.Source: Shutterstock In the options pits, trading volumes came in well below average on Tuesday. Calls still led the way, as usual, with about 16.9 million calls and 13.7 million puts changing hands on the day. With today's looming Fed announcement, traders seem to be taking a wait-and-see approach.The gap between calls and puts increased enough to send the CBOE single-session equity put/call volume ratio sliding back toward this month's lows at 0.56. Meanwhile, the 10-day moving average pushed to yet another two-month low at 0.59.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOptions activity soared in stocks reporting earnings. FedEx (NYSE:FDX) shares are plunging this morning after whiffing on earnings. Adobe (NASDAQ:ADBE) joined them in the dog house with weak forward guidance. Finally, Snap Inc (NYSE:SNAP) saw call volumes zoom to the moon during a rousing stock rally.Let's take a closer look: FedEx (FDX)Optimism and powerful rotation into economically sensitive sectors buoyed FedEx shares ahead of last night's earnings report. In the three weeks leading up to it, FDX stock pushed 17.2% higher, from $147.82 to $173.30. Unfortunately, the improving sentiment proved ill-placed. FDX is getting thrashed (-10.6%) this morning after a disappointing quarterly report.For the fiscal first quarter, the company posted adjusted earnings per share of $3.05 on revenue of $17.05 billion. According to Refinitiv, the Street was estimated earnings of $3.15 on revenue of $17.06 billion. Adding insult to injury, FedEx also revised its full-year earnings guidance down to between $10 and $12 per share. * 10 Recession-Resistant Services Stocks to Buy The company had a laundry list of headwinds contributing to the poor performance, including trade tensions, policy uncertainty, rising FedEx Ground costs and the recent loss of its delivery contract with Amazon (NASDAQ:AMZN).On the options trading front, activity was split evenly between calls and puts ahead of the report. Trading surged to over five times the average daily volume, with 93,539 total contracts traded.Options were pricing in a gap of $8.68 or 5%, so this morning's 10% drop falls well outside of expectations. Count this one as a big winner for volatility buyers ahead of the event. Adobe (ADBE)The trend of earnings disappointment continues this morning with Adobe. The software giant delivered earnings and revenue numbers that exceeded expectations for the quarter, but soft guidance sent shareholders for the hills.For the fiscal third quarter, Adobe earned $2.05 on revenue of $2.83 billion. Wall Street was looking for $1.97 per share on $2.82 billion. Looking to the fourth quarter, the company expects $2.25 earnings-per-share on $2.97 billion in revenue.Ahead of the bell, ADBE stock is trading 3% lower. As far as price action goes, the gap only returns us to yesterday's lows, so it's not exactly a trend killer. The primary problem is the stock is already trending lower beneath its 50-day and 20-day moving averages, so this morning's weakness could kickstart a new downswing. Watch how the stock reacts to the 200-day moving average near $270. If we can stay above it, bulls have a chance. But if we break it, I have nothing nice to say.On the options trading front, calls outpaced puts on Tuesday. Activity swelled to 478% of the average daily volume, with 107,852 total contracts traded. Calls accounted for 62% of the session's sum.Premiums were baking in an overnight gap of $12.49 or 4.4%, so this morning's 3% decline is well within expectations. Snap (SNAP)Snap shares surged 6.8% amid heavy accumulation Tuesday. It was the largest gainer among all the liquid stocks in my watchlist Tuesday. The rally cleared short-term resistance setting the stage for a run toward its 52-week high at $18.36. Its price trend has been a beast all year long, and with SNAP now completing its recent consolidation pattern, the future looks bright. * 7 Fantastic Fidelity Funds for a Range of Investors On the options trading front, the stock pop sparked a mad dash for call options. Total activity climbed to 256% of the average daily volume, with 286,595 contracts traded; 81% of the trading came from call options alone.With the increased demand, implied volatility jumped to 53%, placing it at the 14th percentile of its one-year range. Premiums are baking in daily moves of 56 cents or 3.3%.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars * 5 Stocks to Buy With Great Charts * 5 Goldman Sachs Stocks to Buy with Over 20% Upside Potential The post Wednesday's Vital Data: FedEx, Snap Inc and Adobe appeared first on InvestorPlace.