NASDAQ:ADBE - Adobe Stock Price, Forecast & News

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

Adobe announced that its board has initiated a stock buyback program 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 stock through open market purchases. Stock buyback programs are often an indication that the company's management believes its shares are undervalued.

Adobe Inc (NASDAQ:ADBE) issued its earnings results on Thursday, December, 12th. The software company reported $2.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.26 by $0.03. The software company earned $2.99 billion during the quarter, compared to the consensus estimate of $2.97 billion. Adobe had a net margin of 26.10% and a return on equity of 30.49%. The company's quarterly revenue was up 21.4% on a year-over-year basis. During the same period last year, the business earned $1.83 earnings per share. View Adobe's Earnings History.

Adobe is scheduled to release their next quarterly earnings announcement on Thursday, March 12th 2020. View Earnings Estimates for Adobe.

Adobe issued an update on its FY20 earnings guidance on Thursday, December, 12th. The company provided earnings per share guidance of $9.75 for the period, compared to the Thomson Reuters consensus EPS estimate of $9.76. The company issued revenue guidance of $13.15 billion, compared to the consensus revenue estimate of $13.14 billion.

26 Wall Street analysts have issued twelve-month target prices for Adobe's stock. Their forecasts range from $250.00 to $360.00. On average, they anticipate Adobe's share price to reach $319.15 in the next year. This suggests a possible upside of 0.4% from the stock's current price. View Analyst Price Targets for Adobe.

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Adobe in the last year. There are currently 9 hold ratings and 17 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Adobe.

Media stories about ADBE stock have trended somewhat negative this week, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Adobe earned a news impact score of -1.4 on InfoTrie's scale. They also gave headlines about the software company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for Adobe.

Adobe saw a increase in short interest in October. As of October 31st, there was short interest totalling 7,350,000 shares, an increase of 15.7% from the September 30th total of 6,350,000 shares. Based on an average daily volume of 2,780,000 shares, the short-interest ratio is currently 2.6 days. Currently, 1.5% of the shares of the company are sold short. View Adobe's Current Options Chain.

Some companies that are related to Adobe include salesforce.com (CRM), Intuit (INTU), Autodesk (ADSK), Workday (WDAY), Splunk (SPLK), ANSYS (ANSS), Synopsys (SNPS), Cadence Design Systems (CDNS), SS&C Technologies (SSNC), Citrix Systems (CTXS), Tyler Technologies (TYL), FactSet Research Systems (FDS), Fair Isaac (FICO), Guidewire Software (GWRE) and Aspen Technology (AZPN).

Based on aggregate information from My MarketBeat watchlists, some companies that other Adobe investors own include NVIDIA (NVDA), Alibaba Group (BABA), Netflix (NFLX), salesforce.com (CRM), Micron Technology (MU), Paypal (PYPL), Visa (V), Mastercard (MA), Walt Disney (DIS) and Intel (INTC).

Adobe's stock is owned by a variety of of retail and institutional investors. Top institutional investors include State Street Corp (4.08%), Massachusetts Financial Services Co. MA (1.41%), Fisher Asset Management LLC (0.84%), Sumitomo Mitsui Trust Holdings Inc. (0.42%), Parametric Portfolio Associates LLC (0.38%) and California Public Employees Retirement System (0.23%). Company insiders that own Adobe stock include Abhay Parasnis, Amy Banse, Ann Lewnes, Bradley Rencher, Charles M Geschke, Dana Rao, David A Ricks, Donna Morris, John E Warnock, Mark Garrett, Matthew Thompson, Michael A Dillon, Robert K Burgess and Shantanu Narayen. View Institutional Ownership Trends for Adobe.

ADBE stock was sold by a variety of institutional investors in the last quarter, including PointState Capital LP, Findlay Park Partners LLP, Man Group plc, Atalanta Sosnoff Capital LLC, Maverick Capital Ltd., CIBC Private Wealth Group LLC, Third Point LLC and Castleark Management LLC. Company insiders that have sold Adobe company stock in the last year include Ann Lewnes, Bradley Rencher, Charles M Geschke, Dana Rao, Donna Morris, John E Warnock, Matthew Thompson and Shantanu Narayen. View Insider Buying and Selling for Adobe.

ADBE stock was purchased by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, California Public Employees Retirement System, State of New Jersey Common Pension Fund D, Ardevora Asset Management LLP, First Trust Advisors LP, Massachusetts Financial Services Co. MA, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA and State Street Corp. 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.

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, Robinhood, Fidelity and Charles Schwab.

One share of ADBE stock can currently be purchased for approximately $317.94.

Adobe has a market capitalization of $153.91 billion and generates $9.03 billion in revenue each year. The software company earns $2.59 billion in net income (profit) each year or $5.55 on an earnings per share basis. Adobe employs 21,357 workers across the globe.View Additional Information About Adobe.

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

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]