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

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$244.55 -2.96 (-1.20 %)
(As of 01/22/2019 10:36 AM ET)
Previous Close$247.51
Today's Range$243.13 - $245.50
52-Week Range$179.34 - $277.61
Volume21,310 shs
Average Volume3.09 million shs
Market Capitalization$120.82 billion
P/E Ratio43.94
Dividend YieldN/A
Beta1.16
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 customers to download and install 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 Marketing 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, 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 Print and 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 markets and licenses 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, independent software vendors, 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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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$9.03 billion
Cash Flow$5.7704 per share
Book Value$19.18 per share

Profitability

Net Income$2.59 billion

Miscellaneous

Employees17,973
Market Cap$120.82 billion
OptionableOptionable

Adobe (NASDAQ:ADBE) Frequently Asked Questions

What is Adobe's stock symbol?

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

How will Adobe's stock buyback program work?

Adobe declared that its Board of Directors has approved a stock repurchase plan on Monday, May 21st 2018, which permits the company to buyback $8,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 6.8% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its shares are undervalued.

How were Adobe's earnings last quarter?

Adobe Inc (NASDAQ:ADBE) issued its quarterly earnings results on Thursday, December, 13th. The software company reported $1.83 earnings per share for the quarter, missing the Zacks' consensus estimate of $1.88 by $0.05. The software company earned $2.42 billion during the quarter, compared to analyst estimates of $2.43 billion. Adobe had a return on equity of 31.19% and a net margin of 28.69%. The firm's revenue for the quarter was up 20.6% compared to the same quarter last year. During the same period last year, the firm posted $1.26 earnings per share. View Adobe's Earnings History.

When is Adobe's next earnings date?

Adobe is scheduled to release their next quarterly earnings announcement on Thursday, March 21st 2019. View Earnings Estimates for Adobe.

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

Adobe issued an update on its FY 2019 earnings guidance on Thursday, December, 13th. The company provided earnings per share (EPS) guidance of $7.75-7.75 for the period, compared to the Thomson Reuters consensus estimate of $7.98. The company issued revenue guidance of $11.15-11.15 billion, compared to the consensus revenue estimate of $10.8 billion.Adobe also updated its Q1 2019 guidance to $1.60-1.60 EPS.

What price target have analysts set for ADBE?

28 brokerages have issued 1-year price objectives for Adobe's stock. Their forecasts range from $220.00 to $325.00. On average, they expect Adobe's stock price to reach $280.2963 in the next year. This suggests a possible upside of 14.6% from the stock's current price. View Analyst Price Targets for Adobe.

What is the consensus analysts' recommendation for Adobe?

28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Adobe 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.

What are Wall Street analysts saying about Adobe stock?

Here are some recent quotes from research analysts about Adobe stock:
  • 1. According to Zacks Investment Research, "Adobe’s fiscal fourth-quarter revenues were benefited by contributions from Marketo acquisition and strong demand for its creative products. However, higher expenses incurred on acquisitions impacted the bottom line. Nevertheless, Adobe is benefiting from growing subscriptions for its cloud application. It has been making great efforts toward establishing its presence in cloud-related software areas such as documents and marketing. We remain optimistic about Adobe’s market position, compelling product lines, continued innovation, solid adoption of Creative Cloud and Adobe marketing cloud. Notably, the stock has outperformed the industry it belongs to on a year-to-date basis. However, lower end-market demand and exposure to Europe remain overhangs." (12/18/2018)
  • 2. Rosenblatt Securities analysts commented, "We highlight Adobe ’s on- going strength in Experience Cloud with revenues up 22% (ex-Marketo) vs. our esti- mate of 20% and 25% including Marketo. We reiterate our buy rating and our price target of $280." (12/16/2018)

Has Adobe been receiving favorable news coverage?

Media headlines about ADBE stock have trended very positive recently, InfoTrie reports. The research firm identifies negative and positive media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Adobe earned a coverage optimism score of 3.2 on InfoTrie's scale. They also gave news stories about the software company a news buzz of 4.0 out of 10, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the next several days.

Who are some of Adobe's key competitors?

Who are Adobe's key executives?

Adobe's management team includes the folowing people:
  • Mr. Shantanu Narayen, Chairman, Pres & CEO (Age 55)
  • Mr. John E. Warnock, Co-Founder & Director (Age 78)
  • Dr. Charles M. Geschke, Co-Founder & Director (Age 80)
  • Mr. Bryan Lamkin, Exec. VP & Gen. Mang. of Digital Media (Age 58)
  • Mr. Matthew A. Thompson, Exec. VP of Worldwide Field Operations (Age 60)

Who are Adobe's major shareholders?

Adobe's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Family Capital Trust Co (0.08%), Gateway Investment Advisers LLC (0.07%), Atalanta Sosnoff Capital LLC (0.06%), Retirement Systems of Alabama (0.05%), Nisa Investment Advisors LLC (0.04%) and Peregrine Capital Management LLC (0.03%). Company insiders that own Adobe stock include Abhay Parasnis, Amy Banse, Ann Lewnes, Bradley Rencher, Bryan Lamkin, Charles M Geschke, Daniel Rosensweig, 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.

Which major investors are selling Adobe stock?

ADBE stock was sold by a variety of institutional investors in the last quarter, including Gulf International Bank UK Ltd, Retirement Systems of Alabama, Atalanta Sosnoff Capital LLC, Nisa Investment Advisors LLC, Nippon Life Global Investors Americas Inc., Sit Investment Associates Inc., Pennsylvania Trust Co and Stralem & Co. Inc.. Company insiders that have sold Adobe company stock in the last year include Abhay Parasnis, Ann Lewnes, Bradley Rencher, Charles M Geschke, Donna Morris, John E Warnock, Mark Garrett, Michael A Dillon and Shantanu Narayen. View Insider Buying and Selling for Adobe.

Which major investors are buying Adobe stock?

ADBE stock was acquired by a variety of institutional investors in the last quarter, including R.H. Dinel Investment Counsel Inc., Park National Corp OH, Hotaling Investment Management LLC, CenturyLink Investment Management Co, Vision Capital Management Inc., Gemmer Asset Management LLC, Narwhal Capital Management and Hudson Valley Investment Advisors Inc. ADV. 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.

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, Scottrade, Fidelity and Charles Schwab.

What is Adobe's stock price today?

One share of ADBE stock can currently be purchased for approximately $244.55.

How big of a company is Adobe?

Adobe has a market capitalization of $120.82 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 17,973 workers across the globe.

What is Adobe's official website?

The official website for Adobe is http://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]


MarketBeat Community Rating for Adobe (NASDAQ ADBE)

Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  1,270 (Vote Outperform)
Underperform Votes:  861 (Vote Underperform)
Total Votes:  2,131
MarketBeat's community ratings are surveys of what our community members think about Adobe and other stocks. Vote "Outperform" if you believe ADBE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ADBE will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 1/22/2019 by MarketBeat.com Staff

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