|Bid||260.01 x 800|
|Ask||260.75 x 800|
|Day's Range||260.24 - 267.50|
|52 Week Range||143.95 - 277.61|
|PE Ratio (TTM)||60.12|
|Earnings Date||Dec 13, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||290.28|
Moody's Investors Service ("Moody's") said that Adobe Systems Incorporated's (A3 stable) announcement that it will acquire Marketo, Inc. (B3 stable) for $4.75 billion has no effect on its A3 senior unsecured rating or stable rating outlook at this time. Moody's expects Adobe to fund the acquisition with a mix of cash on hand and debt issuance proceeds, leading to increased debt and diminished liquidity. Although the company has not disclosed the proportion of cash and debt, Moody's expects Adobe will maintain debt to EBITDA below 2.0 times and cash balances of at least $2 billion.
In buying Marketo, Adobe gets its first foothold in Denver. Here's what's in store for the 330-person office.
Stocks that moved substantially or traded heavily Friday: Texas Instruments Inc., up $1.56 to $110.05 The chipmaker raised its quarterly dividend and said it will buy back $12 billion in stock. United ...
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average set a record closing high for the second day in a row to end the week. The S&P 500 also traded at a record high before pulling back to close modestly lower.
Good day and welcome to the Private Equity Pro newsletter. Adobe Systems Inc. is paying $4.75 billion to buy Vista Equity Partners-backed Marketo Inc. Also, Amazon.com Inc. is teaming up with Samara Capital, which is buying one of India’s largest retail chains.
Adobe (ADBE) is set to acquire Marketo for $4.75 billion to strengthen its Experience Cloud's services. This will enhance its customer experience.
Here are some of the companies with shares expected to trade actively in Friday’s session. Check back closer to the market open for an updated list. Micron Technology Inc.—Down 2.7%: The memory chip maker issued a disappointing forecast with its fiscal fourth-quarter report, expecting revenue for the quarter ending in November to grow by its slowest rate in two years.
NEW YORK, NY / ACCESSWIRE / September 21, 2018 / Wall Street closed up on Thursday as upbeat economic data and strong corporate earnings helped buoy equities. Unemployment dropped by 3000 to a seasonally ...
U.S. stock futures on Friday, Sept. 21, turned mixed a day after setting all-time highs. The highs were achieved ahead of next week's Federal Reserve meeting where central bankers are expected to hike interest rates for the third time in 2018. slumped 3.4% in premarket trading on Friday after the memory chipmaker issued a lower-than-expected forecast for the fiscal first quarter.
Futures were higher this morning, pointing to new intraday record highs for the Dow and S&P 500. The Dow posted its first record high since January on Thursday. The Dow's record close was its 12th this year and its 100th since President Donald Trump's election victory in November 2016.
Sept 21 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Friday: ** Adobe Systems Inc has agreed to buy Marketo Inc for $4.75 billion from private equity ...
The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Comcast Corp and Twenty-First Century Fox Inc will settle their ...
By Vibhuti Sharma and Liana B. Baker (Reuters) - Adobe Systems Inc on Thursday agreed to buy Marketo Inc for $4.75 billion (3.5 billion pounds) from private equity firm Vista Equity Partners Management, ...
Adobe Systems Inc. agreed to acquire marketing-automation firm Marketo for $4.75 billion, its largest acquisition ever and the latest sign of its ambition to become a one-stop-shop for marketers. San Mateo, Calif.-based Marketo helps brands track their customers’ actions online, from getting an email to purchasing a product, providing them with information they can use to serve more personalized promotions. The deal is expected to add scale to Adobe’s existing marketing-technology capabilities.
The U.S. Photoshop maker is sharpening its focus on the fast-growing cloud business, a fiercely competitive market dominated by Microsoft Corp, Oracle Corp and Salesforce. Marketo's business-to-business marketing applications will complement Adobe's digital marketing business, which provides cloud-based tools to help create, manage and analyze advertising and marketing campaigns, the companies said. Marketo, started in 2006 as an email marketing service, was taken private by Vista for $1.8 billion in 2016.
Bay Area marketing software company Marketo has been growing significantly in Denver for the past two years.
Adobe Systems Inc. agreed to acquire software maker Marketo Inc. for $4.75 billion, bolstering its marketing tools in a bid to compete against Salesforce.com Inc. and Oracle Corp. in a fast-growing business....
Adobe Systems Inc. has agreed to acquire software maker Marketo from a private-equity firm for $4.75 billion, the company announced Thursday afternoon. Marketo, which makes business marketing software, went public in 2013 but was acquired by Vista Equity for $1.8 billion in cash in 2016. Adobe plans to add the service to its so-called Experience Cloud. "The acquisition of Marketo widens Adobe's lead in customer experience across B2C and B2B and puts Adobe Experience Cloud at the heart of all marketing," the executive in charge of Adobe's Experience Cloud, Brad Rencher, said in Thursday's announcement. Multiple news organizations had previously reported the deal was in the works. Adobe said the transaction should close by the end of the current fiscal quarter, Marketo Chief Executive Steve Lucas will stay on and report to Rencher. Adobe planned a conference call at 5 p.m. Eastern time to discuss the acquisition. Adobe shares gained about 0.3% in immediate after-hours trading, after closing with a 0.6% gain at $266.34. The stock has gained 52% this year, as the S&P 500 index has gained 8.8%.
A week ago rumors were flying that Adobe would be buying Marketo, and lo and behold it announced today that it was acquiring the marketing automation company for $4.75 billion. It was a pretty nice return for Vista Equity partners, which purchased Marketo in May 2016 for $1.8 billion in cash. The deal gives Adobe a strong position in enterprise marketing as it competes with Salesforce, Microsoft, Oracle and SAP.
Adobe (ADBE) today announced it has entered into a definitive agreement to acquire Marketo, the market-leading cloud platform for B2B marketing engagement, for $4.75 billion, subject to customary purchase price adjustments. With nearly 5,000 customers, Marketo brings together planning, engagement and measurement capabilities into an integrated B2B marketing platform. Adding Marketo’s engagement platform to Adobe Experience Cloud will enable Adobe to offer an unrivaled set of solutions for delivering transformative customer experiences across industries and companies of all sizes.