|Bid||389.83 x 800|
|Ask||389.87 x 800|
|Day's Range||387.46 - 391.00|
|52 Week Range||255.13 - 391.27|
|Beta (5Y Monthly)||0.90|
|PE Ratio (TTM)||59.01|
|Earnings Date||Jun 11, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar 24, 2005|
|1y Target Est||341.65|
Adobe has been a volatile stock in 2020, like most of the rest of the stocks in the market. Meanwhile, as it navigates a global recession, Adobe is showing that its operations are more relevant than ever and growing. Because what looks particularly cheap today is probably cheap because it's a business model that's likely to face questionable prospects ahead.
Editor's note: InvestorPlace's Earnings Reports to Watch is updated weekly. Please check back next week for our latest earnings picks.Once again, U.S. stocks are rallying, with the S&P 500 up over 2% in this shortened week and the Dow Jones Industrial Average gaining almost twice as much. And once again, corporate earnings reports don't seem to be much of a driver.As has been the case for most of this earnings season, investor reaction to earnings reports themselves has been rather muted. There were a couple of exceptions. StoneCo (NASDAQ:STNE) soared 27% on Wednesday after a blowout Q1 report. HP Inc. (NYSE:HPQ) fell 12% the following day on soft guidance.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut among major names, investors mostly shrugged. Dollar General (NYSE:DG) posted same-store sales growth over 20% and its stock still dropped over 1%.Investors seem to be looking past near-term earnings. That may change next week, as a number of companies with short-term pandemic tailwinds take center stage.After all, the market rally off March lows has come as the market looks forward to better days. For many of these companies, however, the good times should have arrived already. And that could set up some potential declines if results fall short of expectations -- or even if investors take the opportunity to sell the news.Here are the seven key earnings reports to watch in what should be an interesting week: * 7 Red-Hot Vaccine Stocks Racing to Develop a Coronavirus Cure * Zoom Video Communications (NASDAQ:ZM) * CrowdStrike (NASDAQ:CRWD) * Campbell Soup (NYSE:CPB) * Broadcom (NASDAQ:AVGO) * DocuSign (NASDAQ:DOCU) * MongoDB (NASDAQ:MDB) * Slack Technologies (NYSE:WORK) Zoom VideoSource: Michael Vi / Shutterstock.com Earnings Report Date: Tuesday, June 2, after market closeOne of the market's biggest "pandemic plays" gets its first big test on Tuesday afternoon. Among large-cap stocks, Zoom Video has been the third-best performer so far in 2020, rising 140%. Only DraftKings (NASDAQ:DKNG) and vaccine developer Moderna (NASDAQ:MRNA) have done better.But ZM stock has pulled back a bit in recent sessions, part of a broader rotation out of short-term winners. And that sets up an interesting fiscal first quarter release.After all, expectations are going to be sky-high. Zoom already has disclosed that its usage soared from 10 million daily participants in December to over 300 million in March.The questions are: How many of those users are paying? And how many will stick around as normalcy returns? With ZM trading at a staggering 74x trailing twelve-month revenue, Zoom needs to offer impressive answers on Tuesday. CrowdStrikeSource: Piotr Swat / Shutterstock.com Earnings Report Date: Tuesday, June 2, after market closeCrowdStrike stock is another 2020 winner, gaining 59% year-to-date. As with Zoom, the pandemic is seen as a positive catalyst, as enterprises look to manage the security risks created by employees working from home.Unlike Zoom stock, however, CRWD still sits below all-time highs reached last year. Valuation certainly is stretched, at 34x revenue. But a potentially transformative company in the growing cybersecurity space could see that valuation expand if optimism continues to grow.A big report on Tuesday along with strong guidance, would seem to be a step in that direction. But it's worth considering the trading in fellow cybersecurity play Okta (NASDAQ:OKTA) on Thursday afternoon. * 7 Cheap Stocks to Buy With Great Potential That company handily beat analyst estimates and gave an above-consensus outlook. Shares dropped 1.6% in the after-hours session. It may take a monster quarter from CrowdStrike to extend the rally. As OKTA shows, even that might not be enough. Campbell SoupSource: HeinzTeh / Shutterstock.com Earnings Report Date: Wednesday, June 3, before market openBefore the pandemic hit, Campbell Soup stock had traded sideways for about five months, trading mostly between $46 and $48. The last three months have seen enhanced volatility, but after all that movement, CPB still sits at $49 ahead of earnings next week.Clearly, there's still a "wait and see" approach from the market as Campbell executes a pivot into faster-growing categories like snacks and organic foods. But Wednesday morning's fiscal third quarter release might finally break the range.After all, consumer stocking and shuttered restaurants drove higher grocery sales in the quarter. Kroger (NYSE:KR) posted same-store sales growth of 30% in March. Campbell needs to show that it was able to capture some of that growth. Investors may not get a better quarter with which to judge the success of Campbell's transformation.With fellow packaged food play J.M. Smucker (NYSE:SJM) reporting on Thursday morning, it's an interesting week for the sector as well. We haven't seen too many key reports from the industry since late April. Will investors still buy these defensive names in a more aggressive market that's looking to a more normal economy? BroadcomSource: Sasima / Shutterstock.com Earnings Report Date: Thursday, June 4, after market closeSemiconductor stocks have held up reasonably well so far in 2020. Widely-held names like Nvidia (NASDAQ:NVDA), Advanced Micro Devices (NASDAQ:AMD), and Intel (NASDAQ:INTC) sit not far from their highs. The Philadelphia Semiconductor Index is down just 2% year-to-date.Broadcom hasn't fared quite as well, with a 10% YTD decline. A strong fiscal Q2 report on Thursday could inspire confidence and allow AVGO to join peers in challenging past highs.But it's also a big report for the sector. Chief executive officer Hock Tan is widely respected, and his commentary on demand can move other chip names. For instance, chip stocks began rallying in early October, just weeks after Tan called a bottom in the business after his company's Q3 report.Meanwhile, Broadcom's reach is, well, broader than that of many other large-cap names. Its results could signal wider trends in tech as enterprises respond to the pandemic. * 25 Stocks to Buy for the Reopening Rally Broadcom earnings often don't get the headlines accorded other chip giants. But its reports should be required reading for investors in any environment, particularly this one. MongoDBSource: Shutterstock Earnings Report Date: Thursday, June 4, after market closeYet another enterprise software provider with a sky-high valuation reports next week, as MongoDB releases first quarter results. Shares of the database platform operator aren't quite as expensive as ZM or CRWD, but at 28x sales are hardly cheap. A 64% gain YTD raises concerns about expectations.But MDB is a more 'under the radar' play than those larger software plays. And the tailwinds behind the company aren't quite as clear, or perhaps as stiff, as those benefiting CrowdStrike and Zoom. As a test for broader worries about valuation in software, MDB might be more useful than the better-known companies reporting earlier in the week. Slack TechnologiesSource: Sundry Photography / Shutterstock.com Earnings Report Date: Thursday, June 4, after market closeTwo more pandemic plays report on Thursday afternoon. For Slack, the fiscal Q1 report seems like a huge opportunity.'Work from home' should be a tailwind for Slack as much as Zoom. Both companies are useful in connecting remote employees, and should benefit from what increasingly looks like a secular trend. * 7 Top-Tier Dividend Stocks for 2020 Yet while WORK has doubled from March lows, the stock is up 'only' 44% so far this year, and sits about even to August levels. A big report could continue the rally and lead WORK to the kind of breakout to new highs that ZM and CRWD have seen. DocuSignSource: Sundry Photography / Shutterstock.com Earnings Report Date: Thursday, June 4, after market closeDocuSign is yet another software play reporting next week with a huge valuation and a secular tailwind. Adoption no doubt has picked up amid closed offices and shut-in consumers. Presumably, once users move to e-signatures from paper copies, they don't return.But DocuSign may have less room for error than other software plays, even if a 24x revenue multiple makes valuation more reasonable (at least in context). The company faces a tough competitor in Adobe (NASDAQ:ADBE), who can leverage its existing user base for its Adobe Sign. And DocuSign still needs to prove it can drive the incremental margins for which investors are paying so dearly at the moment.As with so many earnings reports next week, this seems like a crucial test for DocuSign itself. The sheer number of high-multiple, high-growth companies releasing earnings reports makes the week a crucial test for a market trying to claw back to past levels. Vince Martin has covered the financial industry for close to a decade for InvestorPlace.com and other outlets. He has a short position in Zoom Video, and no positions in any other securities mentioned. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * America's Richest ZIP Code Holds Shocking Secret * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post 7 Earnings Reports to Watch Next Week appeared first on InvestorPlace.
Managers of hedge funds and mutual funds are worlds apart on a lot of investing decisions, but do have some overlap. Investors may be able to learn from both.
Adobe (NASDAQ:ADBE) has had a great run on the share market with its stock up by a significant 13% over the last...
Adobe Systems (ADBE) closed at $375.17 in the latest trading session, marking a -0.39% move from the prior day.
(Bloomberg) -- Adobe Inc., the maker of Photoshop, said some of its applications were knocked offline Wednesday by “major” technical issues.There were four major issues, down from 13 earlier, and 12 minor issues affecting Creative Cloud, Experience Cloud, Adobe Services and the Adobe Experience Platform as of 2 p.m. in New York, the San Jose, California-based company said. Adobe’s engineers were also trying to resolve other potential issues in progress.“We’re working urgently to get back online as soon as possible,” Adobe told users in a tweet. A spokesman said the technical issues aren’t security related.Major public-cloud vendors Amazon.com Inc., Microsoft Corp. and Alphabet Inc.’s Google reported no service issues, so the problems appear to be isolated with the software company. Adobe’s shares declined 1.6% to $370.76. The stock gained 14% this year through Tuesday’s close.Millions of people rely on Adobe’s creative and document apps. The company said its Creative Cloud apps have been downloaded 376 million times, and users opened 250 million PDFs with an Adobe program in the last year. Many businesses use Adobe’s marketing, advertising and analytics tools, which were disrupted by the technical problems.For 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.
Shopify, Zoom Video, ServiceNow and other software growth stocks fell on Wednesday as the coronavirus lockdown eased and investors took profits on work-from-home and e-commerce plays.
The instillation comes from the company's innovative Sneaks program, which leverages the latest technology.
Adobe (NASDAQ: ADBE) and Salesforce (NYSE: CRM) are two cloud computing stocks that have outperformed the broader market throughout the COVID-19 crisis. Adobe's stock advanced nearly 20% this year as its Creative Cloud services, marketing services, and analytics tools locked in mainstream and enterprise customers. Salesforce's stock rose nearly 10% as its market-leading customer relationship management (CRM) tools faced only limited disruptions from COVID-19.
Shopify's (NYSE: SHOP) platform allows its merchants to accept payments in bitcoin, Litecoin, Ethereum, and over 300 other types of cryptocurrencies. It recently expanded that reach by partnering with cryptocurrency payments processor CoinPayments, which helps merchants process 1,800 types of cryptocurrencies. Shopify claims the partnership will "make cryptocurrency transactions easier and more accessible while reducing transaction fees."
In this article we will check out the progression of hedge fund sentiment towards Adobe Inc. (NASDAQ:ADBE) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and 20 […]
The Zacks Analyst Blog Highlights: Intel, Adobe, Advanced Micro Devices, Wynn Resorts and Everest Re Group
Narrower market breadth means a lot of businesses are facing headwinds, and that investors are piling into just a few names. It is worth considering in picking stocks for the second half of 2020.
American Century recently released its Q1 2020 Investor Letter, a copy of which you can download below. American Century Focused Global Growth Fund posted a return of -16.95% for the quarter, outperforming its benchmark, the MSCI ACWI Index which returned -21.37% in the same quarter. You should check out American Century’s top 5 stock picks […]
Software growth stocks feasted on cloud computing, digital transformation and AI projects. Amid the coronavirus emergency, software stocks with subscription-based, recurring revenue stand out.
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Amazon (NASDAQ: AMZN) and Microsoft (NASDAQ: MSFT) are often considered the top stocks in the cloud market. After all, Amazon Web Services (AWS) and Microsoft's Azure are the two largest cloud infrastructure platforms in the world, and both companies are leveraging their sprawling ecosystems to gain more customers. Amazon and Microsoft are still great investments, but investors shouldn't neglect other promising plays on the public cloud market, which could grow at a compound annual growth rate of 21% between 2018 and 2022, according to Forrester Research.