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Adobe Stock Price, Forecast & Analysis (NASDAQ:ADBE)

$293.54
+1.82 (+0.62 %)
(As of 11/13/2019 04:00 PM ET)
Today's Range
$290.26
Now: $293.54
$293.70
50-Day Range
$260.05
MA: $275.98
$292.46
52-Week Range
$204.95
Now: $293.54
$313.11
Volume1.76 million shs
Average Volume2.74 million shs
Market Capitalization$142.10 billion
P/E Ratio52.89
Dividend YieldN/A
Beta1.09
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 customer to download and access the latest versions of its creative products. Read More…

Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryApplication Software
SectorComputer and Technology
Current SymbolNASDAQ:ADBE
CUSIP00724F10
Phone408-536-6000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$9.03 billion
Cash Flow$6.39 per share
Book Value$19.18 per share

Profitability

Net Income$2.59 billion

Miscellaneous

Employees21,357
Market Cap$142.10 billion
Next Earnings Date12/12/2019 (Estimated)
OptionableOptionable

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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 declared that its Board of Directors has authorized a stock buyback program on Monday, May 21st 2018, which allows the company to repurchase $8,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 6.8% of its stock through open market purchases. Stock repurchase programs are often a sign 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 data on Tuesday, September, 17th. The software company reported $2.05 EPS for the quarter, beating analysts' consensus estimates of $1.97 by $0.08. The software company had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.82 billion. Adobe had a net margin of 26.10% and a return on equity of 30.49%. The firm's quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.73 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 12th 2019. View Earnings Estimates for Adobe.

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

Adobe updated its fourth quarter earnings guidance on Tuesday, September, 17th. The company provided earnings per share (EPS) guidance of $2.25 for the period, compared to the Thomson Reuters consensus estimate of $2.30. The company issued revenue guidance of $2.97 billion, compared to the consensus revenue estimate of $3.02 billion.

What price target have analysts set for ADBE?

24 brokerages have issued 12-month target prices for Adobe's shares. Their forecasts range from $250.00 to $350.00. On average, they anticipate Adobe's share price to reach $305.08 in the next year. This suggests a possible upside of 3.9% from the stock's current price. View Analyst Price Targets for Adobe.

What is the consensus analysts' recommendation for Adobe?

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Adobe in the last year. There are currently 11 hold ratings and 13 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 is riding on benefits from Magento and Marketo acquisitions and strong demand for its creative products. It has been making great efforts toward establishing its presence in cloud-related software areas such as documents and marketing. 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 Q2 earnings release. The company has mixed record of earnings surprises in recent quarters. However, lower end-market demand and exposure to Europe remain overhangs. High acquisition expenses do not bode well for its bottom line. Notably, the stock has underperformed the industry it belongs to over a year." (5/15/2019)
  • 2. Rosenblatt Securities analysts commented, "We leave SUMMIT with more confidence in the Digital Experience business than before the event and would increase positions on any misperception of weakness from the 1Q19 results. Reiterate BUY and $280 PT." (3/29/2019)
  • 3. Barclays PLC analysts commented, "We respond to each below, and remember that FY19 ARR is going up by $30M organically and we still see a favorable setup on FY20 margins as M&A impact dissipates. PT unchanged." (3/18/2019)

Has Adobe been receiving favorable news coverage?

Headlines about ADBE stock have trended very negative this week, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Adobe earned a daily sentiment score of -3.2 on InfoTrie's scale. They also gave news coverage about the software company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the next several days. View News Stories for Adobe.

Are investors shorting Adobe?

Adobe saw a increase in short interest during the month of October. As of October 31st, there was short interest totalling 6,350,000 shares, an increase of 13.6% from the September 30th total of 5,590,000 shares. Based on an average daily volume of 2,750,000 shares, the short-interest ratio is presently 2.3 days. Approximately 1.3% of the company's shares are short sold. View Adobe's Current Options Chain.

Who are some of Adobe's key competitors?

What other stocks do shareholders of Adobe own?

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 Boeing (BA).

Who are Adobe's key executives?

Adobe's management team includes the folowing people:
  • Mr. Shantanu Narayen, Chairman, Pres & CEO (Age 55)
  • Dr. John E. Warnock, Co-Founder & Director (Age 78)
  • Dr. Charles M. Geschke, Co-Founder & Director (Age 80)
  • Mr. John F. Murphy, Exec. VP & CFO (Age 50)
  • Mr. Bryan Lamkin, Exec. VP & Gen. Mang. of Digital Media (Age 58)

Who are Adobe's major shareholders?

Adobe's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Massachusetts Financial Services Co. MA (1.41%), Fisher Asset Management LLC (0.84%), Sumitomo Mitsui Trust Holdings Inc. (0.42%), California Public Employees Retirement System (0.23%), CIBC Private Wealth Group LLC (0.21%) and Rhumbline Advisers (0.18%). 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.

Which institutional investors are selling Adobe stock?

ADBE stock was sold by a variety of institutional investors in the last quarter, including Findlay Park Partners LLP, Atalanta Sosnoff Capital LLC, CIBC Private Wealth Group LLC, Russell Investments Group Ltd., Gabelli Funds LLC, Banco Santander S.A., Teacher Retirement System of Texas and Gateway Investment Advisers 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.

Which institutional investors are buying Adobe stock?

ADBE stock was acquired 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 Mackay Shields LLC. 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, Robinhood, Fidelity and Charles Schwab.

What is Adobe's stock price today?

One share of ADBE stock can currently be purchased for approximately $293.70.

How big of a company is Adobe?

Adobe has a market capitalization of $142.17 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.

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:  1,362 (Vote Outperform)
Underperform Votes:  945 (Vote Underperform)
Total Votes:  2,307
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 11/13/2019 by MarketBeat.com Staff

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