Adobe Systems Incorporated Company Profile (NASDAQ:ADBE)

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

Adobe Systems Incorporated announced that its Board of Directors has initiated a share buyback plan on Thursday, April 6th 2017, which permits the company to repurchase $2,500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 4.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its stock is undervalued.

Adobe Systems Incorporated (NASDAQ:ADBE) issued its quarterly earnings results on Tuesday, June, 20th. The company reported $1.02 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.95 by $0.07. The company earned $1.77 billion during the quarter, compared to analyst estimates of $1.73 billion. Adobe Systems Incorporated had a return on equity of 20.31% and a net margin of 22.11%. The firm's revenue for the quarter was up 26.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.71 earnings per share. View Adobe Systems Incorporated's Earnings History.

Adobe Systems Incorporated updated its third quarter earnings guidance on Tuesday, June, 20th. The company provided EPS guidance of $1.00 for the period, compared to the Thomson Reuters consensus estimate of $0.97. The company issued revenue guidance of $1.815 billion, compared to the consensus revenue estimate of $1.80 billion.

28 brokerages have issued 1 year price objectives for Adobe Systems Incorporated's shares. Their forecasts range from $114.00 to $184.00. On average, they anticipate Adobe Systems Incorporated's stock price to reach $153.62 in the next year. View Analyst Ratings for Adobe Systems Incorporated.

Here are some recent quotes from research analysts about Adobe Systems Incorporated stock:

• 1. Canaccord Genuity analysts commented, "We met with management of Cubic (CUB) and toured the company’s San Diego product showcase labs. We continue to believe that CUB is in a unique position now with material tailwinds for each of its businesses. However, the risk for the stock is timing of expected awards, and then the ultimate margin upside, or return on engineering, SAP, supply chain, integration, and business development investments. Management talked down near-term defense upside, which we believe is prudent." (3/24/2017)
• 2. According to Zacks Investment Research, "Adobe’s fiscal first quarter earnings exceeded the Zacks Consensus Estimate backed by demand for the company’s Creative Cloud software tools like Photoshop, which added more subscribers. Over the past one year, the stock has outperformed the Zacks characterized Computer Software industry. We remain optimistic about Adobe’s market position, compelling product lines, continued innovation, solid adoption of Creative Cloud and Adobe marketing cloud and strong balance sheet.  Also, its acquisition of TubeMogul will help the company to build its position in the expanding Digital Marketing space. However, end-market recovery appears slow which remains a matter of concern." (3/22/2017)
• 3. Piper Jaffray Companies analysts commented, "We attended Adobe Summit and the associated Financial Analyst briefing. The company noted that 12,000 customers and 2,600 partners are joining them for the Summit, an increase of approximately 20% from the previous year. The company formally "re-grouped" its broad product offerings under a new Experience Cloud brand, which we believe is more focused on enabling and encouraging broader digital transformation discussions with an eye on winning large, strategic deals in the enterprise. We reiterate our Overweight rating and $160 PT." (3/22/2017)
• 4. Citigroup Inc. analysts commented, "Strong top-line metrics with broad drivers - Key top-line leading metrics were inline to ahead of Citi / consensus, notably new Digital Media ARR. Revenue was $1.68B, ahead of Citi / consensus $1.65B, although upside was largely perpetual Acrobat revenue and impact from more "gross" revenue from TubeMogul. OpEx remains controlled - S&M and G&A were light of our estimate while COGS was impacted by higher TubeMogul 'gross' revenue. EPS of $0.94 vs. Citi / street $0.87. Guidance slightly higher on higher ARR ' Management guided revenue to $1.73B vs. Citi $1.72B / street $1.71B, likely on stronger ARR in Q1. Stock view ' With results that have been very predictable as time marches towards FY2018 three-year target, we expect shares keep valuation framework. We are moving to use FY2020 FCFF, driving our price target to $141." (3/17/2017)
• 5. Wunderlich analysts commented, "We are upgrading our rating on Adobe Systems (ADBE) to Buy from Hold as the company continues to execute at such a high level that we believe a premium valuation is warranted. This comes following yet another strong quarter in which Adobe reported revenue and EPS well above consensus expectations, combined with a stronger-than-expected 2Q guide. Our new $145 price target represents a P/S multiple of 10.1x our FY17 estimate. We believe this premium valuation is warranted given Adobe's dominant market share, consistent execution, and unmatched combination of revenue growth and profitability." (3/17/2017)

Some companies that are related to Adobe Systems Incorporated include Intuit (INTU), Electronic Arts (EA), Autodesk (ADSK), Symantec Corporation (SYMC), Mobileye N.V. (MBLY), Workday (WDAY), ANSYS (ANSS), PTC (PTC), LogMein (LOGM), King Digital Entertainment PLC (KING), Square (SQ), Mulesoft (MULE), Manhattan Associates (MANH), Zendesk (ZEN), Box (BOX), Paylocity Holding Corporation (PCTY), New Relic (NEWR) and Allscripts Healthcare Solutions (MDRX).

Adobe Systems Incorporated's management team includes the folowing people:

• Shantanu Narayen, Chairman of the Board, President, Chief Executive Officer
• Mark S. Garrett, Chief Financial Officer, Executive Vice President
• Abhay Parasnis, Executive Vice President, Chief Technology Officer
• Ann Lewnes, Executive Vice President, Chief Marketing Officer
• Bryan S. Lamkin, Executive Vice President, General Manager - Digital Media
• Bradley Rencher, Executive Vice President, General Manager - Digital Marketing
• Donna Morris, Executive Vice President - Customer and Employee Experience
• Matthew A. Thompson, Executive Vice President - Worldwide Field Operations
• John F. Murphy, Senior Vice President, Chief Accounting Officer
• Michael A. Dillon, Senior Vice President, General Counsel, Corporate Secretary

Adobe Systems Incorporated's stock is owned by many different of institutional and retail investors. Top institutional shareholders include FMR LLC (0.00%), Vanguard Group Inc. (0.00%), BlackRock Inc. (0.00%), Primecap Management Co. CA (0.00%), State Street Corp (3.95%) and Bank of New York Mellon Corp (2.82%). Company insiders that own Adobe Systems Incorporated stock include Ann Lewnes, Bradley Rencher, Bryan Lamkin, Charles M Geschke, Daniel Rosensweig, Donna Morris, Edward W Barnholt, Holdings LP Valueact, James E Daley, John E Warnock, Mark Garrett, Matthew Thompson, Michael A Dillon, Richard Rowley, Robert K Burgess, Robert Sedgewick, Shantanu Narayen and Valueact Capital Master Fund,. View Institutional Ownership Trends for Adobe Systems Incorporated.

Adobe Systems Incorporated's stock was sold by a variety of institutional investors in the last quarter, including Janus Capital Management LLC, Winslow Capital Management LLC, Wells Fargo & Company MN, American Century Companies Inc., Jennison Associates LLC, Bank of New York Mellon Corp, Primecap Management Co. CA and Cibc World Markets Corp. Company insiders that have sold Adobe Systems Incorporated stock in the last year include Ann Lewnes, Bradley Rencher, Bryan Lamkin, Charles M Geschke, Daniel Rosensweig, Donna Morris, Edward W Barnholt, James E Daley, John E Warnock, Mark Garrett, Matthew Thompson, Michael A Dillon, Richard Rowley, Robert K Burgess and Shantanu Narayen. View Insider Buying and Selling for Adobe Systems Incorporated.

Adobe Systems Incorporated's stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., UBS Asset Management Americas Inc., Egerton Capital UK LLP, Pioneer Investment Management Inc., Wellington Management Group LLP, Swedbank, Vanguard Group Inc. and Morgan Stanley. View Insider Buying and Selling for Adobe Systems Incorporated.

Shares of Adobe Systems Incorporated can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Adobe Systems Incorporated stock can currently be purchased for approximately $144.24.