NASDAQ:ADBE - Adobe Stock Price, Forecast & News

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

Adobe announced that its Board of Directors has initiated a stock buyback plan on Monday, May 21st 2018, which permits the company to repurchase $8,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 6.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.

Adobe Inc (NASDAQ:ADBE) released its earnings results on Thursday, December, 12th. The software company reported $2.29 earnings per share for the quarter, beating analysts' consensus estimates of $2.26 by $0.03. The software company had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $2.97 billion. Adobe had a return on equity of 31.87% and a net margin of 26.42%. The company's revenue was up 21.4% on a year-over-year basis. During the same quarter 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 EPS guidance of $9.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $9.76. The company issued revenue guidance of $13.15 billion, compared to the consensus revenue estimate of $13.14 billion.

26 brokerages have issued twelve-month target prices for Adobe's shares. Their forecasts range from $250.00 to $370.00. On average, they anticipate Adobe's stock price to reach $321.44 in the next twelve months. This suggests a possible upside of 1.1% 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.

Press coverage about ADBE stock has trended negative this week, according to InfoTrie. The research firm scores the sentiment of news 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 closest to five being the most favorable. Adobe earned a media sentiment score of -2.7 on InfoTrie's scale. They also gave news headlines about the software company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future. View News Stories for Adobe.

Adobe saw a increase in short interest in the month of 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 trading volume, of 2,780,000 shares, the short-interest ratio is presently 2.6 days. Currently, 1.5% of the shares of the company 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), 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 shareholders 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 bought 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 $11.17 billion in revenue each year. The software company earns $2.59 billion in net income (profit) each year or $6.56 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]