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NASDAQ:ADBE

Adobe Stock Forecast, Price & News

$482.74
-3.82 (-0.79 %)
(As of 05/17/2021 12:00 AM ET)
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Today's Range
$478.11
$487.87
50-Day Range
$465.46
$525.08
52-Week Range
$361.44
$536.88
Volume1.57 million shs
Average Volume2.58 million shs
Market Capitalization$230.75 billion
P/E Ratio44.53
Dividend YieldN/A
Beta0.97
30 days | 90 days | 365 days | Advanced Chart
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Adobe logo

About Adobe

Adobe Inc. operates as a diversified software company worldwide. Its Digital Media segment provides tools and solutions that enable individuals, teams, 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 content creators, experience designers, app developers, enthusiasts, students, social media users, and creative professionals; and marketing departments and agencies, companies, and publishers. The company's Digital Experience segment offers products, services, and solutions for creating, managing, executing, measuring, monetizing, and optimizing customer experiences from analytics to commerce. This segment serves marketers, advertisers, agencies, publishers, merchandisers, merchants, web analysts, data scientists, developers, marketing executives, information management and technology executives, product development executives, and sales and support executives. Its Publishing and Advertising segment offers products and services, such as e-learning solutions, technical document publishing, web conferencing, document and forms platform, 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 and local field offices, 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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Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryApplication Software
Current SymbolNASDAQ:ADBE
CUSIP00724F10
Phone408-536-6000
Employees22,516
Year Founded1982

Sales & Book Value

Annual Sales$12.87 billion
Cash Flow$9.52 per share
Book Value$27.65 per share

Profitability

Net Income$5.26 billion

Debt

Price-To-Earnings

Miscellaneous

Market Cap$230.75 billion
Next Earnings Date6/10/2021 (Estimated)
OptionableOptionable

Social Links


MarketRank

Overall MarketRank

2.11 out of 5 stars

Computer And Technology Sector

54th out of 1,551 stocks

Prepackaged Software Industry

10th out of 280 stocks

Analyst Opinion: 3.4Community Rank: 3.0Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
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Adobe (NASDAQ:ADBE) Frequently Asked Questions

Is Adobe a buy right now?

25 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Adobe in the last twelve months. There are currently 5 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Adobe stock.
View analyst ratings for Adobe
or view top-rated stocks.

What stocks does MarketBeat like better than Adobe?

Wall Street analysts have given Adobe a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Adobe wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Adobe's next earnings date?

Adobe is scheduled to release its next quarterly earnings announcement on Thursday, June 10th 2021.
View our earnings forecast for Adobe
.

How were Adobe's earnings last quarter?

Adobe Inc. (NASDAQ:ADBE) posted its quarterly earnings data on Monday, March, 22nd. The software company reported $3.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.79 by $0.35. The software company earned $3.91 billion during the quarter, compared to analysts' expectations of $3.76 billion. Adobe had a net margin of 40.88% and a trailing twelve-month return on equity of 35.81%. The business's revenue for the quarter was up 26.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.27 earnings per share.
View Adobe's earnings history
.

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 shares have increased by 53.1% and is now trading at $482.74.
View which stocks have been most impacted by COVID-19
.

How will Adobe's stock buyback program work?

Adobe declared that its Board of Directors has approved a share buyback plan on Thursday, December 10th 2020, which authorizes the company to buyback $15,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 6.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

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

Adobe issued an update on its FY21 earnings guidance on Tuesday, March, 23rd. The company provided earnings per share guidance of approx $11.85 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $11.25. The company issued revenue guidance of approx $15.45 billion, compared to the consensus revenue estimate of $15.20 billion.

What price target have analysts set for ADBE?

25 equities research analysts have issued 1-year price objectives for Adobe's stock. Their forecasts range from $460.00 to $650.00. On average, they expect Adobe's share price to reach $557.13 in the next year. This suggests a possible upside of 15.4% from the stock's current price.
View analysts' price targets for Adobe
or view top-rated stocks among Wall Street analysts.

Who are Adobe's key executives?

Adobe's management team includes the following people:
  • Mr. Shantanu Narayen, Chairman, Pres & CEO (Age 57, Pay $3.31M)
  • Mr. John F. Murphy, Exec. VP & CFO (Age 52, Pay $1.32M) (LinkedIn Profile)
  • Mr. Abhay Parasnis, Exec. VP, CTO & Chief Product Officer of Document Cloud (Age 46, Pay $1.32M) (LinkedIn Profile)
  • Mr. Scott K. Belsky, Chief Product Officer & Exec. VP of Creative Cloud (Age 41, Pay $1.26M) (LinkedIn Profile)
  • Mr. Anil S. Chakravarthy, Exec. VP and GM of Digital Experience Bus. & Worldwide Field Operations (Age 53, Pay $4.33M) (LinkedIn Profile)
  • Mr. Mark S. Garfield, VP, Chief Accounting Officer & Corp. Controller (Age 50)
  • Ms. Cynthia A. Stoddard, Sr. VP & Chief Information Officer (Age 64)
  • Mr. Jonathan Vaas, VP of Investor Relations
  • Mr. Dana Rao, Exec. VP, Gen. Counsel & Corp. Sec. (Age 51) (LinkedIn Profile)
  • Ms. Ann Lewnes, Chief Marketing Officer and Exec. VP of Corp. Strategy & Devel. (Age 59) (LinkedIn Profile)

What is Shantanu Narayen's approval rating as Adobe's CEO?

989 employees have rated Adobe CEO Shantanu Narayen on Glassdoor.com. Shantanu Narayen has an approval rating of 97% among Adobe's employees. This puts Shantanu Narayen in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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), Mastercard (MA), The Walt Disney (DIS), Tesla (TSLA), Visa (V) and Advanced Micro Devices (AMD).

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 institutional and retail investors. Top institutional investors include BlackRock Inc. (7.88%), Bank of New York Mellon Corp (1.79%), Geode Capital Management LLC (1.68%), Primecap Management Co. CA (1.61%), Janus Henderson Group PLC (1.52%) and Jennison Associates LLC (1.35%). Company insiders that own Adobe stock include Abhay Parasnis, Ann Lewnes, Bryan Lamkin, Charles M Geschke, Dana Rao, Donna Morris, Gloria Chen, John E Warnock, John Francis Murphy, Mark S Garfield, Scott Belsky and Shantanu Narayen.
View institutional ownership trends for Adobe
.

Which institutional investors are selling Adobe stock?

ADBE stock was sold by a variety of institutional investors in the last quarter, including Sands Capital Management LLC, Price T Rowe Associates Inc. MD, Primecap Management Co. CA, Jennison Associates LLC, Jackson Square Partners LLC, Nuveen Asset Management LLC, Suvretta Capital Management LLC, and APG Asset Management N.V.. Company insiders that have sold Adobe company stock in the last year include Abhay Parasnis, Ann Lewnes, Bryan Lamkin, Dana Rao, Gloria Chen, John E Warnock, John Francis Murphy, Mark S Garfield, Scott Belsky, and Shantanu Narayen.
View insider buying and selling activity for Adobe
or view top insider-selling stocks.

Which institutional investors are buying Adobe stock?

ADBE stock was acquired by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Clarus Group Inc., Janus Henderson Group PLC, Lazard Asset Management LLC, Brown Advisory Inc., Edgewood Management LLC, Akre Capital Management LLC, and Ameriprise Financial Inc..
View insider buying and selling activity for Adobe
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Adobe's stock price today?

One share of ADBE stock can currently be purchased for approximately $482.74.

How much money does Adobe make?

Adobe has a market capitalization of $230.75 billion and generates $12.87 billion in revenue each year. The software company earns $5.26 billion in net income (profit) each year or $8.58 on an earnings per share basis.

How many employees does Adobe have?

Adobe employs 22,516 workers across the globe.

Does Adobe have any subsidiaries?

The following companies are subsidiares of Adobe: Accelio Corporation, Adobe Assets, Adobe Canada Services Corporation, Adobe Colombia SAS, Adobe Labs Inc., Adobe Research (Schweiz) AG, Adobe Software (Shanghai) Company Limited, Adobe Software Trading Company Limited, Adobe Systems (Schweiz) GmbH, Adobe Systems Belgium BVBA, Adobe Systems Benelux B.V., Adobe Systems Brasil Limitada, Adobe Systems Canada Inc., Adobe Systems Co. Ltd., Adobe Systems Danmark ApS, Adobe Systems Engineering GmbH, Adobe Systems Europe Limited., Adobe Systems Federal LLC, Adobe Systems France SAS, Adobe Systems GmbH, Adobe Systems Holding Company Limited, Adobe Systems Hong Kong Limited, Adobe Systems Iberica SL, Adobe Systems India Private Limited., Adobe Systems Israel Ltd., Adobe Systems Italia SRL, Adobe Systems Korea Ltd. ., Adobe Systems New Zealand Limited., Adobe Systems Nordic AB, Adobe Systems Norge AS, Adobe Systems Pte. Ltd., Adobe Systems Pty Ltd., Adobe Systems Romania SRL, Adobe Systems Software (Beijing) Co. Ltd., Adobe Systems Software Chile Limitada, Adobe Systems Software Ireland Limited, Adobe Systems South Africa Proprietary Limited, Adobe Systems s.r.o., Adobe Technologies International S.L., Adobe Visual Sciences LLC, Aldus Corp, Allegorithmic, Allegorithmic SAS, Amicima, Antepo, Ares Software, Auditude, Aviary, Behance, Behance Inc., Bizible Inc, BluePoint Technologies, Business Catalyst, Business Catalyst Systems Pty Ltd., Day Software, Demdex, DigiDox, Digital Analytix, Efficient Frontier, Emerald City Software, Fotiva, Fotolia, Fotolia Dutch Holding LLC, Fotolia LLC, Fotolia Netherlands Cooperatief U.A., Fotolia SARL, Frame Technology, GoLive Systems, GoodBarry, HyWay Ferranti, ICS “Adobe Systems” S.R.L., IRIDAS, Ideacodes, InterAKT, KyleBrush.com, Les Logiciels Allegorithmic Inc., Livefyre, Macromedia, MagenireCo Limited, Magento, Magento Commerce International Limited, Magento Ireland Limited, MagentoTech Inc., MagentoTech LLC, Marketo, Marketo Australia Pty Ltd, Marketo Canada Corporation, Marketo EMEA Limited, Marketo International Unlimited, Marketo Solutions Limited, Marketo Solutions Ltd., Milestone Holdco LLC, Milestone Intermediate Holdings Inc., Milestone Topco Inc., Mixamo, Navisware, Neolane, Nitobi Software, OCR Systems, OKYZ, Oculus Medium, Omniture, Omniture LLC, Photoshop, Pixmantec, Q-Link Technologies, Sandcastle, Sayspring, Scene7, Serious Magic, Shopial Ltd., Syntrillium Software, ToutApp Inc., Trade and Technologies France, TubeMogul, TubeMogul Inc., TubeMogul Information Technology (Chengdu) Co. Ltd., TubeMogul Latin America Holdings LLC, TubeMogul Ukraine LLC, Typekit, Virtual Ubiquity, Visual Sciences Technologies LLC, Workfront, X.commerce Inc., YaWah, and eSign Services.

When was Adobe founded?

Adobe was founded in 1982.

What is Adobe's official website?

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

Where are Adobe's headquarters?

Adobe is headquartered at 345 PARK AVE, SAN JOSE CA, 95110.

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 5/17/2021 by MarketBeat.com Staff
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