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 initiated a share repurchase plan 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 reacquire up to 6.8% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board of directors believes its shares are undervalued.

Adobe Inc (NASDAQ:ADBE) announced its quarterly earnings data on Thursday, December, 12th. The software company reported $2.29 EPS for the quarter, beating analysts' consensus estimates of $2.26 by $0.03. The software company earned $2.99 billion during the quarter, compared to analysts' expectations of $2.97 billion. Adobe had a net margin of 26.42% and a return on equity of 31.47%. The firm's revenue was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.83 EPS. 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 updated its FY20 earnings guidance on Thursday, December, 12th. The company provided earnings per share 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.

27 brokerages have issued twelve-month target prices for Adobe's stock. Their forecasts range from $280.00 to $410.00. On average, they anticipate Adobe's share price to reach $337.79 in the next twelve months. This suggests that the stock has a possible downside of 3.4%. View Analyst Price Targets for Adobe.

27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Adobe in the last year. There are currently 9 hold ratings and 18 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Adobe.

News stories about ADBE stock have trended positive on Sunday, according to InfoTrie. The research group scores the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Adobe earned a media sentiment score of 3.0 on InfoTrie's scale. They also gave news articles about the software company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for Adobe.

Adobe saw a decline in short interest in the month of December. As of December 31st, there was short interest totalling 6,750,000 shares, a decline of 10.4% from the December 15th total of 7,530,000 shares. Based on an average daily trading volume, of 2,370,000 shares, the short-interest ratio is currently 2.8 days. Currently, 1.4% of the company's stock 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), Synopsys (SNPS), ANSYS (ANSS), Cadence Design Systems (CDNS), SS&C Technologies (SSNC), Citrix Systems (CTXS), Tyler Technologies (TYL), Fair Isaac (FICO), FactSet Research Systems (FDS), Aspen Technology (AZPN) and Guidewire Software (GWRE).

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), 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 investors include Johanson Financial Advisors Inc. (0.21%), Family Capital Trust Co (0.07%), Gateway Investment Advisers LLC (0.05%), Commerzbank Aktiengesellschaft FI (0.05%), Nisa Investment Advisors LLC (0.04%) and Assenagon Asset Management S.A. (0.04%). Company insiders that own Adobe stock include Abhay Parasnis, Ann Lewnes, Bradley Rencher, Charles M Geschke, Dana Rao, David A Ricks, Donna Morris, John E Warnock, Mark Garrett, Mark S Garfield, Matthew Thompson, Michael A Dillon and Shantanu Narayen. View Institutional Ownership Trends for Adobe.

ADBE stock was sold by a variety of institutional investors in the last quarter, including Tocqueville Asset Management L.P., Meag Munich Ergo Kapitalanlagegesellschaft MBH, State of Alaska Department of Revenue, Commerzbank Aktiengesellschaft FI, Family Capital Trust Co, Gradient Investments LLC, Nisa Investment Advisors LLC and Harvest Investment Services 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, Mark S Garfield, 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 Johanson Financial Advisors Inc., Chesley Taft & Associates LLC, Centre Asset Management LLC, DNB Asset Management AS, BW Gestao de Investimentos Ltda., Hoey Investments Inc., Assenagon Asset Management S.A. and Advisors Capital Management LLC. 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 $349.74.

Adobe has a market capitalization of $169.30 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 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]