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NASDAQ:ADBEAdobe Stock Price, Forecast & News

$379.83
+4.66 (+1.24 %)
(As of 05/28/2020 04:00 PM ET)
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Today's Range
$372.50
Now: $379.83
$386.90
50-Day Range
$308.93
MA: $351.81
$385.26
52-Week Range
$255.13
Now: $379.83
$391.27
Volume2.90 million shs
Average Volume2.60 million shs
Market Capitalization$183.00 billion
P/E Ratio57.55
Dividend YieldN/A
Beta0.9
Adobe Inc. operates as a diversified software company worldwide. Its Digital Media segment provides tools and solutions that enable individuals, small and medium businesses, and enterprises to create, publish, promote, and monetize their digital content. Its flagship product is Creative Cloud, a subscription service that allows customer to download and access the latest versions of its creative products. This segment serves traditional content creators, Web application developers, and digital media professionals, as well as their management in marketing departments and agencies, companies, and publishers. The company's Digital Experience segment offers solutions for how digital advertising and marketing are created, managed, executed, measured, and optimized. This segment provides analytics, social marketing, targeting, media optimization, digital experience management, cross-channel campaign management, marketing automation, audience management, and video delivery and monetization solutions to digital marketers, advertisers, publishers, merchandisers, Web analysts, chief marketing officers, chief information officers, and chief revenue officers. Its Publishing segment offers products and services, such as e-learning solutions, technical document publishing, Web application development, and high-end printing, as well as publishing needs of technical and business, and original equipment manufacturers (OEMs) printing businesses. The company offers its products and services directly to enterprise customers through its sales force, as well as to end-users through app stores and through its Website at adobe.com. It also distributes products and services through a network of distributors, value-added resellers, systems integrators, software vendors and developers, retailers, and OEMs. The company was formerly known as Adobe Systems Incorporated and changed its name to Adobe Inc. in October 2018. The company was founded in 1982 and is headquartered in San Jose, California.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 3.0Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.40 out of 5 stars


Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryApplication Software
SectorComputer and Technology
Current SymbolNASDAQ:ADBE
CUSIP00724F10
Phone408-536-6000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$11.17 billion
Cash Flow$8.26 per share
Book Value$21.75 per share

Profitability

Net Income$2.95 billion

Miscellaneous

Employees22,634
Market Cap$183.00 billion
Next Earnings Date6/16/2020 (Estimated)
OptionableOptionable

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Adobe (NASDAQ:ADBE) Frequently Asked Questions

How has Adobe's stock been impacted by COVID-19 (Coronavirus)?

Adobe's stock was trading at $315.23 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, ADBE stock has increased by 20.5% and is now trading at $379.83. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Adobe?

27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Adobe in the last year. There are currently 7 hold ratings and 20 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Adobe.

When is Adobe's next earnings date?

Adobe is scheduled to release its next quarterly earnings announcement on Tuesday, June 16th 2020. View our earnings forecast for Adobe.

How were Adobe's earnings last quarter?

Adobe Inc (NASDAQ:ADBE) issued its earnings results on Thursday, March, 12th. The software company reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.04. The software company earned $3.09 billion during the quarter, compared to analyst estimates of $3.05 billion. Adobe had a net margin of 27.72% and a return on equity of 33.54%. The firm's quarterly revenue was up 18.8% compared to the same quarter last year. During the same period last year, the company posted $1.71 EPS. View Adobe's earnings history.

What guidance has Adobe issued on next quarter's earnings?

Adobe issued an update on its second quarter earnings guidance on Thursday, March, 12th. The company provided EPS guidance of approx $2.35 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.34. The company issued revenue guidance of approx $3.175 billion, compared to the consensus revenue estimate of $3.22 billion.

What price target have analysts set for ADBE?

27 Wall Street analysts have issued twelve-month price objectives for Adobe's stock. Their forecasts range from $283.00 to $410.00. On average, they anticipate Adobe's share price to reach $343.16 in the next twelve months. This suggests that the stock has a possible downside of 9.7%. View analysts' price targets for Adobe.

Has Adobe been receiving favorable news coverage?

News stories about ADBE stock have been trending very negative recently, according to InfoTrie. The research group rates the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Adobe earned a news sentiment score of -3.2 on InfoTrie's scale. They also gave press coverage about the software company a news buzz of 1.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news aboutAdobe.

Are investors shorting Adobe?

Adobe saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 5,170,000 shares, a decrease of 6.0% from the April 30th total of 5,500,000 shares. Based on an average daily volume of 4,050,000 shares, the short-interest ratio is presently 1.3 days. Currently, 1.1% of the company's shares are sold short. View Adobe's Current Options Chain.

Who are some of Adobe's key competitors?

What other stocks do shareholders of Adobe own?

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), Paypal (PYPL), Micron Technology (MU), Mastercard (MA), Walt Disney (DIS), Visa (V) and Intel (INTC).

Who are Adobe's key executives?

Adobe's management team includes the following people:
  • Mr. Shantanu Narayen, Chairman, Pres & CEO (Age 55)
  • Dr. John E. Warnock, Co-Founder & Director (Age 78)
  • Dr. Charles M. Geschke, Co-Founder & Director (Age 80)
  • Mr. John F. Murphy, Exec. VP & CFO (Age 50)
  • Mr. Bryan Lamkin, Exec. VP & Gen. Mang. of Digital Media (Age 58)

What is Adobe's stock symbol?

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

Who are Adobe's major shareholders?

Adobe's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.56%), State Street Corp (4.13%), Primecap Management Co. CA (2.59%), Bank of New York Mellon Corp (1.75%), Jennison Associates LLC (1.55%) and Janus Henderson Group PLC (1.53%). Company insiders that own Adobe stock include Abhay Parasnis, Ann Lewnes, Bradley Rencher, Charles M Geschke, Dana Rao, David A Ricks, Donna Morris, Gloria Chen, John E Warnock, Mark S Garfield, Matthew Thompson, Scott Belsky and Shantanu Narayen. View institutional ownership trends for Adobe.

Which major investors are selling Adobe stock?

ADBE stock was sold by a variety of institutional investors in the last quarter, including Primecap Management Co. CA, Johanson Financial Advisors Inc., Aristotle Capital Management LLC, Janus Henderson Group PLC, BlueSpruce Investments LP, Nuveen Asset Management LLC, Sands Capital Management LLC, and Edgewood Management LLC. Company insiders that have sold Adobe company stock in the last year include Ann Lewnes, Charles M Geschke, Dana Rao, Donna Morris, Gloria Chen, John E Warnock, Mark S Garfield, and Scott Belsky. View insider buying and selling activity for Adobe.

Which major investors are buying Adobe stock?

ADBE stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Akre Capital Management LLC, Fisher Asset Management LLC, Assenagon Asset Management S.A., Parnassus Investments CA, Girard Partners LTD., Advisor Group Holdings Inc., and 1832 Asset Management L.P.. View insider buying and selling activity for Adobe.

How do I buy shares of 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.

What is Adobe's stock price today?

One share of ADBE stock can currently be purchased for approximately $379.83.

How big of a company is Adobe?

Adobe has a market capitalization of $183.00 billion and generates $11.17 billion in revenue each year. The software company earns $2.95 billion in net income (profit) each year or $6.56 on an earnings per share basis. Adobe employs 22,634 workers across the globe.

What is Adobe's official website?

The official website for Adobe is www.adobe.com.

How can I contact Adobe?

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]

This page was last updated on 5/29/2020 by MarketBeat.com Staff

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