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 of Directors has initiated a share buyback plan on Monday, May 21st 2018, which permits the company to repurchase $8,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy up to 6.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its stock is undervalued.

Adobe Systems Incorporated (NASDAQ:ADBE) posted 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 27.08%. The business's revenue for the quarter was up 23.9% on a year-over-year basis. During the same period in the prior year, the firm posted $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 updated its third quarter earnings guidance on Thursday, June, 14th. The company provided EPS guidance of $1.68 for the period, compared to the Thomson Reuters consensus 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 12-month price objectives for Adobe Systems' stock. Their predictions range from $160.00 to $292.00. On average, they expect Adobe Systems' stock price to reach $240.0370 in the next year. This suggests that the stock has a possible downside of 7.2%. View Analyst Ratings for Adobe Systems.

28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Adobe Systems in the last year. There are currently 7 hold ratings and 21 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

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), CA (CA), Check Point Software Technologies (CHKP), Shopify (SHOP) and Splunk (SPLK).

News headlines about ADBE stock have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Adobe Systems earned a news impact score of 0.14 on Accern's scale. They also gave media headlines about the software company an impact score of 45.86 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near future.

Adobe Systems' stock is owned by many different of retail and institutional investors. Top institutional shareholders include Swedbank (0.37%), Fred Alger Management Inc. (0.26%), Assenagon Asset Management S.A. (0.07%), Gateway Investment Advisers LLC (0.07%), Atalanta Sosnoff Capital LLC (0.07%) and Hardman Johnston Global Advisors LLC (0.05%). Company insiders that own Adobe Systems stock include Abhay Parasnis, Amy Banse, Ann Lewnes, Bryan Lamkin, Charles M Geschke, Daniel Rosensweig, 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 Systems.

ADBE stock was sold by a variety of institutional investors in the last quarter, including NN Investment Partners Holdings N.V., Factory Mutual Insurance Co., Trinity Street Asset Management LLP, Hartford Investment Management Co., Stralem & Co. Inc., Meag Munich Ergo Kapitalanlagegesellschaft MBH, Bedrijfstakpensioenfonds Voor DE Media PNO and Capital Investment Services of America Inc.. Company insiders that have sold Adobe Systems company stock in the last year include Ann Lewnes, Charles M Geschke, 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 purchased by a variety of institutional investors in the last quarter, including Gateway Investment Advisers LLC, Assenagon Asset Management S.A., Nisa Investment Advisors LLC, Cornerstone Wealth Management LLC, Calamos Advisors LLC, Eastern Bank, Addenda Capital Inc. 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 $258.57.

Adobe Systems has a market capitalization of $126.11 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]