NASDAQ:ADBE - Adobe Stock Price, News, & Analysis

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$238.00 -12.63 (-5.04 %)
(As of 12/9/2018 04:00 PM ET)
Previous Close$238.00
Today's Range$237.65 - $249.26
52-Week Range$170.43 - $277.61
Volume3.91 million shs
Average Volume3.71 million shs
Market Capitalization$116.18 billion
P/E Ratio66.30
Dividend YieldN/A
Beta1.14
Adobe Inc. operates as a diversified software company worldwide. Its Digital Media segment provides tools and solutions that enable individuals, small and medium businesses, and enterprises to create, publish, promote, and monetize their digital content. Its flagship product is Creative Cloud, a subscription service that allows customers to download and install the latest versions of its creative products. This segment serves traditional content creators, Web application developers, and digital media professionals, as well as their management in marketing departments and agencies, companies, and publishers. The company's Digital Marketing segment offers solutions for how digital advertising and marketing are created, managed, executed, measured, and optimized. This segment provides analytics, social marketing, targeting, media optimization, digital experience management, cross-channel campaign management, audience management, and video delivery and monetization solutions to digital marketers, advertisers, publishers, merchandisers, Web analysts, chief marketing officers, chief information officers, and chief revenue officers. Its Print and Publishing segment offers products and services, such as e-learning solutions, technical document publishing, Web application development, and high-end printing, as well as publishing needs of technical and business, and original equipment manufacturers (OEMs) printing businesses. The company markets and licenses its products and services directly to enterprise customers through its sales force, as well as to end-users through app stores and through its Website at adobe.com. It also distributes products and services through a network of distributors, value-added resellers, systems integrators, independent software vendors, retailers, and OEMs. The company was formerly known as Adobe Systems Incorporated and changed its name to Adobe Inc. in October 2018. The company was founded in 1982 and is headquartered in San Jose, California.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Prepackaged software
Sub-IndustryApplication Software
SectorComputer and Technology
Current SymbolNASDAQ:ADBE
Previous Symbol
CUSIP00724F10
Phone408-536-6000

Debt

Debt-to-Equity Ratio0.21
Current Ratio1.66
Quick Ratio1.66

Price-To-Earnings

Trailing P/E Ratio66.30
Forward P/E Ratio42.05
P/E Growth2.21

Sales & Book Value

Annual Sales$7.30 billion
Price / Sales15.91
Cash Flow$4.3124 per share
Price / Cash Flow55.19
Book Value$17.16 per share
Price / Book13.87

Profitability

EPS (Most Recent Fiscal Year)$3.59
Net Income$1.69 billion
Net Margins28.16%
Return on Equity29.51%
Return on Assets17.03%

Miscellaneous

Employees17,973
Outstanding Shares488,130,000
Market Cap$116.18 billion
OptionableOptionable

Adobe (NASDAQ:ADBE) Frequently Asked Questions

What is Adobe's stock symbol?

Adobe trades on the NASDAQ under the ticker symbol "ADBE."

How will Adobe's stock buyback program work?

Adobe announced that its board has approved a share repurchase plan on Monday, May 21st 2018, which authorizes the company to buyback $8,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 6.8% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

How were Adobe's earnings last quarter?

Adobe Inc (NASDAQ:ADBE) announced its quarterly earnings results on Thursday, September, 13th. The software company reported $1.73 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.69 by $0.04. The software company earned $2.29 billion during the quarter, compared to analyst estimates of $2.25 billion. Adobe had a net margin of 28.16% and a return on equity of 29.51%. The company's revenue for the quarter was up 24.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.10 earnings per share. View Adobe's Earnings History.

When is Adobe's next earnings date?

Adobe is scheduled to release their next quarterly earnings announcement on Thursday, December 13th 2018. View Earnings Estimates for Adobe.

What guidance has Adobe issued on next quarter's earnings?

Adobe issued an update on its fourth quarter earnings guidance on Monday, October, 15th. The company provided earnings per share (EPS) guidance of $1.87 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.89. The company issued revenue guidance of $2.42 billion, compared to the consensus revenue estimate of $2.43 billion.Adobe also updated its Q4 2018 guidance to $1.87-1.87 EPS.

What price target have analysts set for ADBE?

29 analysts have issued 12-month target prices for Adobe's shares. Their forecasts range from $200.00 to $325.00. On average, they anticipate Adobe's stock price to reach $274.0741 in the next twelve months. This suggests a possible upside of 15.2% from the stock's current price. View Analyst Price Targets for Adobe.

What is the consensus analysts' recommendation for Adobe?

29 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Adobe in the last year. There are currently 8 hold ratings and 21 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Adobe.

What are Wall Street analysts saying about Adobe stock?

Here are some recent quotes from research analysts about Adobe stock:
  • 1. According to Zacks Investment Research, "Adobe’s creative products continue to drive its top-line growth. The company is currently benefiting from strong demand for its innovative solutions and growing subscriptions for its cloud application. Adobe has been making great efforts toward establishing its presence in cloud-related software areas such as documents and marketing. Adobe Experience Manager, which enables brands to offer a personalized experience, is also witnessing robust growth. We remain optimistic about Adobe’s market position, compelling product lines, continued innovation, solid adoption of Creative Cloud and Adobe marketing cloud. Estimates have been stable lately ahead of the company’s Q4 earnings release. The company has positive record of earnings surprises in recent quarters. Notably, the stock has outperformed the industry it belongs to on a year-to-date basis. However, lower end-market demand and exposure to Europe remain overhangs." (12/6/2018)
  • 2. Rosenblatt Securities analysts commented, "We believe Adobe’s Artifi- cial Intelligence/Machine Learning framework, Sensei, has already begun to drive val- ue expansion across all product lines, and this will drive more value than is currently priced into the stock. Further, the company’s other strategic efforts to (1) target non – professionals and (2) offer its flagship products on tablet/mobile devices through part- nerships with OEMs like Apple, Inc. (AAPL: Buy) and Microsoft (MSFT: NR) nicely com- plement the new Sensei features and will drive a larger mix of subscription revenue, in our view." (10/21/2018)
  • 3. KeyCorp analysts commented, "We are raising estimates and our PT to $286 from $276. Creative and Experience Clouds post strong results as profits rise 58%." (9/14/2018)

Has Adobe been receiving favorable news coverage?

Headlines about ADBE stock have been trending somewhat positive this week, according to InfoTrie Sentiment. InfoTrie identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Adobe earned a media sentiment score of 0.8 on InfoTrie's scale. They also gave news coverage about the software company a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the near future.

Who are some of Adobe's key competitors?

Who are Adobe's key executives?

Adobe's management team includes the folowing people:
  • Mr. Shantanu Narayen, Chairman, Pres & CEO (Age 54)
  • Mr. John E. Warnock, Co-Founder & Director (Age 77)
  • Dr. Charles M. Geschke, Co-Founder & Director (Age 79)
  • Mr. Bryan Lamkin, Exec. VP & Gen. Mang. of Digital Media (Age 57)
  • Mr. Matthew A. Thompson, Exec. VP of Worldwide Field Operations (Age 59)

Who are Adobe's major shareholders?

Adobe's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include FMR LLC (7.68%), Vanguard Group Inc. (7.59%), BlackRock Inc. (6.96%), Primecap Management Co. CA (4.29%), Bank of New York Mellon Corp (2.19%) and Jennison Associates LLC (1.81%). Company insiders that own Adobe stock include Abhay Parasnis, Amy Banse, Ann Lewnes, Bradley Rencher, Bryan Lamkin, Charles M Geschke, Daniel Rosensweig, David A Ricks, Donna Morris, James E Daley, John E Warnock, Mark Garrett, Matthew Thompson, Michael A Dillon, Richard Rowley, Robert K Burgess and Shantanu Narayen. View Institutional Ownership Trends for Adobe.

Which major investors are selling Adobe stock?

ADBE stock was sold by a variety of institutional investors in the last quarter, including Polen Capital Management LLC, Janus Henderson Group PLC, Findlay Park Partners LLP, Primecap Management Co. CA, Mitsubishi UFJ Trust & Banking Corp, Standard Life Aberdeen plc, Standard Life Aberdeen plc and Bank of New York Mellon Corp. Company insiders that have sold Adobe company stock in the last year include Abhay Parasnis, Ann Lewnes, Bradley Rencher, Charles M Geschke, Donna Morris, John E Warnock, Mark Garrett, Michael A Dillon, Robert K Burgess and Shantanu Narayen. View Insider Buying and Selling for Adobe.

Which major investors are buying Adobe stock?

ADBE stock was purchased by a variety of institutional investors in the last quarter, including Morgan Stanley, AQR Capital Management LLC, Edgewood Management LLC, Rehmann Capital Advisory Group, Nordea Investment Management AB, Vanguard Group Inc., Third Point LLC and Glenmede Trust Co. NA. Company insiders that have bought Adobe stock in the last two years include Amy Banse and David A Ricks. View Insider Buying and Selling for Adobe.

How do I buy shares of Adobe?

Shares of ADBE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Adobe's stock price today?

One share of ADBE stock can currently be purchased for approximately $238.00.

How big of a company is Adobe?

Adobe has a market capitalization of $116.18 billion and generates $7.30 billion in revenue each year. The software company earns $1.69 billion in net income (profit) each year or $3.59 on an earnings per share basis. Adobe employs 17,973 workers across the globe.

What is Adobe's official website?

The official website for Adobe is http://www.adobe.com.

How can I contact Adobe?

Adobe's mailing address is 345 PARK AVE, SAN JOSE CA, 95110. The software company can be reached via phone at 408-536-6000 or via email at [email protected]


MarketBeat Community Rating for Adobe (NASDAQ ADBE)

Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  1,246 (Vote Outperform)
Underperform Votes:  840 (Vote Underperform)
Total Votes:  2,086
MarketBeat's community ratings are surveys of what our community members think about Adobe and other stocks. Vote "Outperform" if you believe ADBE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ADBE will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/9/2018 by MarketBeat.com Staff

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