NASDAQ:ADBE - Adobe Systems Stock Price, Price Target & More

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

Adobe Systems announced that its board has authorized a stock buyback program on Monday, May 21st 2018, which authorizes the company to repurchase $8,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 6.8% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its shares are undervalued.

Adobe Systems Incorporated (NASDAQ:ADBE) released its quarterly earnings data on Thursday, June, 14th. The software company reported $1.66 EPS for the quarter, beating analysts' consensus estimates of $1.54 by $0.12. The software company earned $2.20 billion during the quarter, compared to the consensus estimate of $2.16 billion. Adobe Systems had a net margin of 26.68% and a return on equity of 27.31%. The firm's quarterly revenue was up 23.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.02 earnings per share. View Adobe Systems' Earnings History.

Adobe Systems is scheduled to release their next quarterly earnings announcement on Tuesday, September, 18th 2018. View Earnings Estimates for Adobe Systems.

Adobe Systems issued an update on its third quarter earnings guidance on Thursday, June, 14th. The company provided earnings per share guidance of $1.68 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.61. The company issued revenue guidance of $2.24 billion, compared to the consensus revenue estimate of $2.22 billion.

28 Wall Street analysts have issued twelve-month target prices for Adobe Systems' stock. Their forecasts range from $160.00 to $292.00. On average, they expect Adobe Systems' stock price to reach $240.0370 in the next year. View Analyst Ratings for Adobe Systems.

Some companies that are related to Adobe Systems include Oracle (ORCL), SAP (SAP), salesforce.com (CRM), VMware (VMW), Activision Blizzard (ATVI), Intuit (INTU), Electronic Arts (EA), Dassault Systemes (DASTY), ServiceNow (NOW), Autodesk (ADSK), Square (SQ), Shopify (SHOP), Check Point Software Technologies (CHKP), Splunk (SPLK) and ANSYS (ANSS).

Media stories about ADBE stock have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Adobe Systems earned a daily sentiment score of 0.14 on Accern's scale. They also assigned news stories about the software company an impact score of 45.95 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.

Adobe Systems' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.88%), Massachusetts Financial Services Co. MA (1.42%), Polen Capital Management LLC (1.31%), Northern Trust Corp (1.23%), Aristotle Capital Management LLC (0.67%) and OppenheimerFunds Inc. (0.56%). Company insiders that own Adobe Systems stock include Abhay Parasnis, Amy Banse, Ann Lewnes, Bradley Rencher, Bryan Lamkin, Charles M Geschke, Daniel Rosensweig, Donna Morris, Edward W Barnholt, James E Daley, John E Warnock, Mark Garrett, Matthew Thompson, Michael A Dillon, Richard Rowley, Robert K Burgess and Shantanu Narayen. View Institutional Ownership Trends for Adobe Systems.

ADBE stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Suvretta Capital Management LLC, Wells Fargo & Company MN, Natixis, Prudential Financial Inc., Swiss National Bank, Amundi Pioneer Asset Management Inc. and Old Mutual Global Investors UK Ltd.. Company insiders that have sold Adobe Systems company stock in the last year include Abhay Parasnis, Ann Lewnes, Charles M Geschke, Daniel Rosensweig, Donna Morris, John E Warnock, Mark Garrett, Matthew Thompson, Michael A Dillon, Robert K Burgess and Shantanu Narayen. View Insider Buying and Selling for Adobe Systems.

ADBE stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., PointState Capital LP, Summit Trail Advisors LLC, Winslow Capital Management LLC, Schroder Investment Management Group, Massachusetts Financial Services Co. MA, Mackay Shields LLC and Swedbank. View Insider Buying and Selling for Adobe Systems.

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.

One share of ADBE stock can currently be purchased for approximately $238.11.

Adobe Systems has a market capitalization of $119.98 billion and generates $7.30 billion in revenue each year. The software company earns $1.69 billion in net income (profit) each year or $3.59 on an earnings per share basis. Adobe Systems employs 17,973 workers across the globe.

Adobe Systems' 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]