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

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

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.

Adobe Inc (NASDAQ:ADBE) issued its quarterly earnings results on Thursday, September, 13th. The software company reported $1.73 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.69 by $0.04. The software company had revenue of $2.29 billion for the quarter, compared to analysts' expectations of $2.25 billion. Adobe had a return on equity of 29.51% and a net margin of 28.16%. The business's quarterly revenue was up 24.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.10 EPS. View Adobe's Earnings History.

Adobe is scheduled to release their next quarterly earnings announcement on Thursday, December 13th 2018. View Earnings Estimates for Adobe.

Adobe updated its fourth quarter earnings guidance on Monday, October, 15th. The company provided earnings per share (EPS) guidance of $1.87 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.89. The company issued revenue guidance of $2.42 billion, compared to the consensus revenue estimate of $2.43 billion.Adobe also updated its Q4 2018 guidance to $1.87-1.87 EPS.

29 brokers have issued 12-month target prices for Adobe's stock. Their forecasts range from $200.00 to $325.00. On average, they expect Adobe's stock price to reach $274.0741 in the next twelve months. This suggests a possible upside of 14.7% from the stock's current price. View Analyst Price Targets for Adobe.

29 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Adobe in the last year. There are currently 8 hold ratings and 21 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 neutral this week, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Adobe earned a news sentiment score of 0.2 on InfoTrie's scale. They also assigned media headlines about the software company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the next few days.

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

Adobe's stock is owned by many different of retail and institutional investors. Top institutional investors include FMR LLC (7.68%), BlackRock Inc. (6.96%), Primecap Management Co. CA (4.29%), Bank of New York Mellon Corp (2.19%), Jennison Associates LLC (1.81%) and Janus Henderson Group PLC (1.46%). 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, 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.

ADBE stock was sold by a variety of institutional investors in the last quarter, including Polen Capital Management LLC, Janus Henderson Group PLC, Findlay Park Partners LLP, Primecap Management Co. CA, Mitsubishi UFJ Trust & Banking Corp, Standard Life Aberdeen plc, Bank of New York Mellon Corp and FIL Ltd. 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, Robert K Burgess 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 AQR Capital Management LLC, Edgewood Management LLC, Nordea Investment Management AB, Third Point LLC, Glenmede Trust Co. NA, BlackRock Inc., FMR LLC and Schroder Investment Management Group. 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.

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 $238.89.

Adobe has a market capitalization of $114.82 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 employs 17,973 workers across the globe.

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]