|Bid||318.10 x 900|
|Ask||318.50 x 900|
|Day's Range||313.76 - 321.61|
|52 Week Range||204.95 - 321.61|
|Beta (5Y Monthly)||1.10|
|PE Ratio (TTM)||52.99|
|Earnings Date||Mar 12, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||323.42|
Adobe stock blasted into the buy zone on Friday after the maker of digital media and marketing software posted fiscal fourth-quarter sales and earnings that beat Wall Street's targets.
The stock market hit record highs hit record highs the China trade deal and other news easing stock market uncertainty. Adobe, Facebook, Lululemon and Tesla were key movers on news
Adobe Inc (NASDAQ: ADBE ) reported fourth-quarter results Thursday that were highlighted by record quarterly revenue of $2.99 billion and record annual revenue of $11.17 billion. Here's how the Street ...
The three major U.S. stock market indexes fell, then rose, then dropped again as some details of an initial trade deal between the U.S. and China were unveiled in tumultuous fashion.
We found three cloud-focused software stocks using our Zacks Stock Screener that investors might want to consider buying for 2020...
PulteGroup, Container Store, Oracle, Adobe and Broadcom highlighted as Zacks Bull and Bear of the Day
The major stock indexes were modestly higher in morning trade after taking an early hit from President Trump's latest tweet on the U.S.-China trade deal.
Adobe scored an early breakout, and UnitedHealth led the Dow, but the stock market opened to narrow losses ahead of China trade press conference.
Adobe Inc (NASDAQ: ADBE) just rounded out its fiscal year after the bell on Thursday showing it managed to maintain its revenue gains during its fourth quarter that ended on November 29 and posting slightly better than expected results. Additionally, Digital Experience segment revenue was $859 million. Earnings amounted to 851.9 million, or $1.76 a share, but after adjusting for stock-based compensation and other factors, earnings amounted to $2.29 a share.
Dow Jones futures slashed gains after China trade deal buzz sent the stock market to record highs. Adobe signaled a breakout on earnings. Broadcom, Costco, Oracle moved on results too.
Analyst Richard Davis rates the graphics-software company a buy and lifts his price target to $350 to $320. He wonders whether Adobe will continue its history of growth via deals.
Investing.com -- U.S. stock markets hit new all-time highs overnight and were set to open only slightly below them on Friday, as a convincing win for Boris Johnson's Conservatives in the U.K. general election removed a key uncertainty over the Brexit process, adding to optimism generated on Thursday by reports of an imminent trade deal between the U.S. and China.
Adobe (ADBE) delivered earnings and revenue surprises of 1.33% and 0.75%, respectively, for the quarter ended November 2019. Do the numbers hold clues to what lies ahead for the stock?
Digital media and marketing software maker Adobe late Thursday topped Wall Street’s targets for its fiscal fourth quarter. The Adobe earnings news pushed ADBE stock higher in late trading.
(Bloomberg) -- Adobe Inc. reported sales that topped Wall Street estimates, signaling strong demand for the company’s creative and marketing software.Revenue was $2.99 billion in the fiscal fourth quarter, the San Jose, California-based company said Thursday in a statement. Analysts, on average, expected $2.97 billion.Adobe shares rose about 3% in extended trading after closing at $305.96 Thursday in New York. The stock has climbed 35% this year.Chief Executive Officer Shantanu Narayen is trying to maintain sales growth of at least 20% to convince investors Adobe is worth its lofty valuation. To do so, he’s making acquisitions, including VR business Oculus Medium this month, and investing in new products, such as Photoshop for Apple Inc.’s iPad.“Fiscal 2019 was a phenomenal year for Adobe as we exceeded $11 billion in revenue -- a significant milestone for the company,” Narayen said in prepared remarks for the company’s earnings call with analysts. “Our record revenue and EPS performance in 2019 makes us one of the largest, most diversified and profitable software companies in the world.”Despite the upbeat reception from investors, Adobe projected it will slip below the 20% growth threshold in fiscal 2020 with revenue of about $13.15 billion. Sales will increase 17% in the first half of the year, and 18% in the second half, Chief Financial Officer John Murphy said in the prepared remarks.“Adobe is about to become the first large cap software company in the SaaS era to decelerate below the 20% revenue growth threshold,” Canaccord analyst Richard Davis wrote in a note ahead of the report.In the fiscal fourth quarter, marketing software sales rose 24% to $859 million. Adobe said the unit will grow 15%, year-over-year, in the current quarter.Products from Marketo, a marketing company Adobe acquired in 2018, saw more momentum among mid-sized clients, Murphy said in the prepared remarks. Executives said in September that Adobe would invest more money to boost sales in the unit, which at that time wasn’t growing as fast as anticipated.Revenue from the creative and document cloud division, which includes Photoshop, climbed 22% to $2.08 billion in the quarter and is projected to increase 19% in the current period.(Updates with comments from CEO in the fifth paragraph.)To contact the reporter on this story: Nico Grant in San Francisco at email@example.comTo contact the editors responsible for this story: Jillian Ward at firstname.lastname@example.org, Andrew Pollack, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Adobe Inc. maintained its 20%+ revenue gains as it rounded out its fiscal year, the software company reported Thursday afternoon, sending shares toward record highs in late trading. Adobe reported fiscal fourth-quarter earnings of $851.9 million, or $1.76 a share, on sales of $2.99 billion, up 21.4% from revenue of $2.46 billion a year ago. After adjusting for stock-based compensation and other factors, the company reported earnings of $2.29 a share. Analysts on average expected adjusted earnings of $2.26 a share on sales of $2.97 billion, according to FactSet. Adobe was expected by some analysts to slide lower than 20% sales growth, which might have created some concerns beyond the Photoshop maker. "The foundational reality is that if our forecasts, and a couple dozen others', are correct, Adobe is about to become the first large cap software company in the SaaS era to decelerate below the 20% revenue growth threshold," Canaccord Genuity analysts wrote in a note earlier this week. "This rate of growth has taken on a near mythical importance, at least in Silicon Valley as 20% historically has been the demarcation between the cool kids and the clod kickers who reside in flyover states." Adobe's stock closed with a 0.7% gain at $305.96, then jumped more than 3% in after-hours trading to more than $315. The record closing price for Adobe shares is $311.27 and the intraday record price is $313.11, both of which were set in July.