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 buyback plan on Monday, May 21st 2018, which authorizes the company to buyback $8,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 6.8% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board believes its shares are undervalued.

Adobe Inc (NASDAQ:ADBE) posted its quarterly earnings results on Thursday, December, 12th. The software company reported $2.29 EPS 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 net margin of 26.42% and a return on equity of 31.47%. The business's revenue was up 21.4% on a year-over-year basis. During the same period in the prior year, the company earned $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 issued an update on its FY20 earnings guidance on Thursday, December, 12th. The company provided EPS guidance of $9.75 for the period, compared to the Thomson Reuters consensus EPS estimate of $9.76. The company issued revenue guidance of $13.15 billion, compared to the consensus revenue estimate of $13.14 billion.

27 analysts have issued 1-year target prices for Adobe's stock. Their forecasts range from $280.00 to $410.00. On average, they anticipate Adobe's stock 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 been trending positive recently, according to InfoTrie Sentiment. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Adobe earned a media sentiment score of 3.0 on InfoTrie's scale. They also assigned media coverage about the software company a news buzz of 5.0 out of 10, indicating that recent news coverage is somewhat likely to have an impact on the stock's share price in the immediate future. View News Stories for Adobe.

Adobe saw a drop in short interest during the month of December. As of December 31st, there was short interest totalling 6,750,000 shares, a drop of 10.4% from the December 15th total of 7,530,000 shares. Based on an average trading volume of 2,370,000 shares, the days-to-cover ratio is presently 2.8 days. Approximately 1.4% of the company's stock are short sold. 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), Walt Disney (DIS), Mastercard (MA) and Intel (INTC).

Adobe's stock is owned by a variety of of institutional and retail 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 purchased 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]