NASDAQ:ADBE - Adobe Stock Price, Forecast & News

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

Adobe declared that its Board of Directors has authorized a share repurchase 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 purchase up to 6.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

Adobe Inc (NASDAQ:ADBE) released its quarterly earnings results on Tuesday, September, 17th. The software company reported $2.05 earnings per share (EPS) for the quarter, topping 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 revenue for the quarter was up 23.7% on a year-over-year basis. During the same period last year, the company 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 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 EPS estimate of $2.30. The company issued revenue guidance of $2.97 billion, compared to the consensus revenue estimate of $3.02 billion.

24 analysts have issued 1-year price objectives for Adobe's shares. Their forecasts range from $250.00 to $350.00. On average, they expect Adobe's share price to reach $308.25 in the next year. This suggests a possible upside of 1.5% from the stock's current price. 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 10 hold ratings and 14 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Adobe.

Media stories about ADBE stock have trended negative recently, according to InfoTrie. The research firm ranks the sentiment of press 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 positive five, with scores closest to five being the most favorable. Adobe earned a news impact score of -3.0 on InfoTrie's scale. They also assigned media 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 effect on the company's share price in the next few days. View News Stories for Adobe.

Adobe saw a increase in short interest during 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 trading volume of 2,780,000 shares, the days-to-cover ratio is presently 2.6 days. Approximately 1.5% of the company's shares 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), 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 Intel (INTC).

Adobe's stock is owned by a variety 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 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 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 $303.74.

Adobe has a market capitalization of $147.03 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]