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 repurchase plan on Monday, May 21st 2018, which authorizes the company to repurchase $8,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 6.8% of its stock through open market purchases. Stock repurchase 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, December, 12th. The software company reported $2.29 earnings per share for the quarter, topping analysts' consensus estimates of $2.26 by $0.03. The software company earned $2.99 billion during the quarter, compared to analyst estimates of $2.97 billion. Adobe had a net margin of 26.42% and a return on equity of 31.47%. The firm's quarterly revenue was up 21.4% on a year-over-year basis. During the same quarter last year, the company earned $1.83 EPS. 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 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.

27 brokerages have issued 1-year target prices for Adobe's stock. Their forecasts range from $280.00 to $410.00. On average, they expect Adobe's share price to reach $337.79 in the next twelve months. This suggests that the stock has a possible downside of 2.8%. 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.

Media headlines about ADBE stock have been trending somewhat positive this week, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Adobe earned a media sentiment score of 1.0 on InfoTrie's scale. They also gave news headlines about the software company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for Adobe.

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

Adobe's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Johanson Financial Advisors Inc. (0.21%), Family Capital Trust Co (0.07%), Gateway Investment Advisers LLC (0.05%), Peregrine Capital Management LLC (0.03%), Calamos Advisors LLC (0.03%) and Pennsylvania Trust Co (0.02%). 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., State of Alaska Department of Revenue, Family Capital Trust Co, Gradient Investments LLC, OLD National Bancorp IN, Coastline Trust Co, IFM Investors Pty Ltd and Private Trust Co. NA. 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., Advisors Capital Management LLC and Gateway Investment Advisers 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 $347.63.

Adobe has a market capitalization of $168.28 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]