NASDAQ:ADBE - Adobe Stock Price, Forecast & News

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

Adobe declared that its board has initiated a share repurchase plan on Monday, May 21st 2018, which allows the company to buyback $8,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 6.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its stock is undervalued.

Adobe Inc (NASDAQ:ADBE) announced its quarterly earnings data on Tuesday, September, 17th. The software company reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.08. The software company earned $2.83 billion during the quarter, compared to the consensus estimate of $2.82 billion. Adobe had a net margin of 26.10% and a return on equity of 30.49%. The business's revenue for the quarter was up 23.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.73 EPS. View Adobe's Earnings History.

Adobe is scheduled to release their next quarterly earnings announcement on Thursday, December 12th 2019. View Earnings Estimates for Adobe.

Adobe will be holding an earnings conference call on Thursday, December 12th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Adobe issued an update on its fourth quarter earnings guidance on Tuesday, September, 17th. The company provided 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.

24 equities research analysts have issued twelve-month price objectives for Adobe's shares. Their forecasts range from $250.00 to $350.00. On average, they expect Adobe's stock price to reach $305.13 in the next twelve months. This suggests that the stock has a possible downside of 0.4%. View Analyst Price Targets 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.

News coverage about ADBE stock has trended extremely negative this week, according to InfoTrie. The research group rates the sentiment of press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Adobe earned a news sentiment score of -4.0 on InfoTrie's scale. They also gave press coverage about the software company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact 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 trading volume of 2,780,000 shares, the days-to-cover ratio is presently 2.6 days. Currently, 1.5% of the shares of the stock are short sold. 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), Fair Isaac (FICO), FactSet Research Systems (FDS), 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 Boeing (BA).

Adobe's stock is owned by a number of of institutional and retail 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 $306.23.

Adobe has a market capitalization of $148.24 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]