NASDAQ:ADBE - Adobe Stock Price, Forecast & News

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

Adobe announced that its Board of Directors has initiated a stock buyback program on Monday, May 21st 2018, which permits the company to buyback $8,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 6.8% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.

Adobe Inc (NASDAQ:ADBE) announced its quarterly earnings results on Thursday, December, 12th. The software company reported $2.29 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.03. The software company earned $2.99 billion during the quarter, compared to the consensus estimate of $2.97 billion. Adobe had a return on equity of 31.47% and a net margin of 26.42%. The firm's quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.83 earnings per share. 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 will be holding an earnings conference call on Thursday, March 12th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Adobe issued an update on its FY20 earnings guidance on Thursday, December, 12th. The company provided earnings per share (EPS) 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.

26 analysts have issued 1 year price targets for Adobe's stock. Their forecasts range from $280.00 to $430.00. On average, they expect Adobe's share price to reach $340.71 in the next twelve months. This suggests that the stock has a possible downside of 8.6%. View Analyst Price Targets for Adobe.

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Adobe in the last year. There are currently 7 hold ratings and 19 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Adobe.

News coverage about ADBE stock has trended negative recently, according to InfoTrie Sentiment. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Adobe earned a media sentiment score of -2.4 on InfoTrie's scale. They also gave media stories 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 company's share price in the next several days. View News Stories for Adobe.

Adobe saw a decline in short interest in January. As of January 31st, there was short interest totalling 5,230,000 shares, a decline of 22.5% from the January 15th total of 6,750,000 shares. Based on an average daily trading volume, of 2,280,000 shares, the days-to-cover ratio is presently 2.3 days. Approximately 1.1% of the shares of the company 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), ANSYS (ANSS), Synopsys (SNPS), Cadence Design Systems (CDNS), SS&C Technologies (SSNC), Citrix Systems (CTXS), Tyler Technologies (TYL), Fair Isaac (FICO), FactSet Research Systems (FDS), Guidewire Software (GWRE) and Aspen Technology (AZPN).

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 FMR LLC (7.36%), State Street Corp (4.13%), Bank of New York Mellon Corp (1.75%), Janus Henderson Group PLC (1.67%), Jennison Associates LLC (1.53%) and Geode Capital Management LLC (1.43%). 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 S Garfield, Matthew Thompson and Shantanu Narayen. View Institutional Ownership Trends for Adobe.

ADBE stock was sold by a variety of institutional investors in the last quarter, including Melvin Capital Management LP, FMR LLC, Point72 Asset Management L.P., Fred Alger Management LLC, Bank of New York Mellon Corp, AQR Capital Management LLC, AXA and First Trust Advisors LP. Company insiders that have sold Adobe company stock in the last year include Ann Lewnes, Charles M Geschke, Dana Rao, Donna Morris, John E Warnock and Mark S Garfield. 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., Amundi Pioneer Asset Management Inc., SG Americas Securities LLC, Marshall Wace North America L.P., UBS Asset Management Americas Inc., Alliancebernstein L.P., BNP PARIBAS ASSET MANAGEMENT Holding S.A. and Thrivent Financial for Lutherans. 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 $372.95.

Adobe has a market capitalization of $179.81 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.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]