NASDAQ:ADBE - Adobe Systems Stock Price, News, & Analysis

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

Adobe Systems announced that its Board of Directors has initiated a share buyback program on Monday, May 21st 2018, which allows the company to buyback $8,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 6.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board believes its shares are undervalued.

Adobe Systems Incorporated (NASDAQ:ADBE) posted its quarterly earnings results on Thursday, September, 13th. The software company reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.04. The software company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.25 billion. Adobe Systems had a net margin of 28.16% and a return on equity of 29.51%. The firm's revenue was up 24.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.10 EPS. View Adobe Systems' Earnings History.

Adobe Systems is scheduled to release their next quarterly earnings announcement on Thursday, December, 13th 2018. View Earnings Estimates for Adobe Systems.

Adobe Systems updated its fourth quarter earnings guidance on Thursday, September, 13th. The company provided earnings per share guidance of $1.87 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.86. The company issued revenue guidance of $2.42 billion, compared to the consensus revenue estimate of $2.41 billion.

28 equities research analysts have issued 1 year target prices for Adobe Systems' shares. Their predictions range from $160.00 to $325.00. On average, they anticipate Adobe Systems' share price to reach $262.7778 in the next twelve months. This suggests that the stock has a possible downside of 0.8%. View Analyst Price Targets for Adobe Systems.

28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Adobe Systems in the last year. There are currently 8 hold ratings and 20 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Adobe Systems.

Some companies that are related to Adobe Systems include Oracle (ORCL), SAP (SAP), salesforce.com (CRM), VMware (VMW), Activision Blizzard (ATVI), Intuit (INTU), Dassault Systemes (DASTY), Square (SQ), Electronic Arts (EA), ServiceNow (NOW), Autodesk (ADSK), Check Point Software Technologies (CHKP), CA (CA), Shopify (SHOP) and Splunk (SPLK).

Media stories about ADBE stock have been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm identifies negative and positive media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Adobe Systems earned a media and rumor sentiment score of 0.18 on Accern's scale. They also gave news coverage about the software company an impact score of 46.57 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near term. View Recent Headlines for Adobe Systems.

Adobe Systems' stock is owned by many different of institutional and retail investors. Top institutional investors include FMR LLC (7.62%), BlackRock Inc. (6.90%), Bank of New York Mellon Corp (2.29%), Bank of New York Mellon Corp (2.29%), Jennison Associates LLC (1.90%) and Janus Henderson Group PLC (1.68%). Company insiders that own Adobe Systems stock include Abhay Parasnis, Amy Banse, Ann Lewnes, Bryan Lamkin, Charles M Geschke, Daniel Rosensweig, Donna Morris, James E Daley, John E Warnock, Mark Garrett, Matthew Thompson, Michael A Dillon, Richard Rowley, Robert K Burgess and Shantanu Narayen. View Institutional Ownership Trends for Adobe Systems.

ADBE stock was sold by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Egerton Capital UK LLP, Polen Capital Management LLC, Waddell & Reed Financial Inc., FMR LLC, Voya Investment Management LLC, Canada Pension Plan Investment Board and Destination Wealth Management. Company insiders that have sold Adobe Systems company stock in the last year include Abhay Parasnis, Ann Lewnes, Charles M Geschke, Donna Morris, John E Warnock, Mark Garrett, Matthew Thompson, Michael A Dillon, Robert K Burgess and Shantanu Narayen. View Insider Buying and Selling for Adobe Systems.

ADBE stock was purchased by a variety of institutional investors in the last quarter, including Edgewood Management LLC, Morgan Stanley, Moneta Group Investment Advisors LLC, Chevy Chase Trust Holdings Inc., Acadian Asset Management LLC, Gateway Investment Advisers LLC, South Texas Money Management Ltd. and Assenagon Asset Management S.A.. View Insider Buying and Selling for Adobe Systems.

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, Scottrade, Fidelity and Charles Schwab.

One share of ADBE stock can currently be purchased for approximately $264.88.

Adobe Systems has a market capitalization of $132.60 billion and generates $7.30 billion in revenue each year. The software company earns $1.69 billion in net income (profit) each year or $3.59 on an earnings per share basis. Adobe Systems employs 17,973 workers across the globe.

Adobe Systems' 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]