Adobe Systems Incorporated Company Profile (NASDAQ:ADBE)

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

Adobe Systems Incorporated announced that its Board of Directors has approved a share repurchase program on Thursday, April 6th 2017, which permits the company to buyback $2,500,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 4.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board of directors believes its stock is undervalued.

Adobe Systems Incorporated (NASDAQ:ADBE) released its earnings results on Tuesday, June, 20th. The company reported $1.02 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.95 by $0.07. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.73 billion. Adobe Systems Incorporated had a return on equity of 20.06% and a net margin of 22.11%. The business's quarterly revenue was up 26.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.71 earnings per share. View Adobe Systems Incorporated's Earnings History.

Adobe Systems Incorporated is scheduled to release their next quarterly earnings announcement on Tuesday, September, 19th 2017. View Earnings Estimates for Adobe Systems Incorporated.

Adobe Systems Incorporated updated its third quarter earnings guidance on Tuesday, June, 20th. The company provided earnings per share (EPS) guidance of $1.00 for the period, compared to the Thomson Reuters consensus estimate of $0.97. The company issued revenue guidance of $1.815 billion, compared to the consensus revenue estimate of $1.80 billion.

28 brokers have issued 12 month target prices for Adobe Systems Incorporated's stock. Their predictions range from $114.00 to $184.00. On average, they expect Adobe Systems Incorporated's stock price to reach $154.76 in the next twelve months. View Analyst Ratings for Adobe Systems Incorporated.

Here are some recent quotes from research analysts about Adobe Systems Incorporated stock:

• 1. KeyCorp analysts commented, "We are raising our estimates and our price target to $174 from $142 on robust demand fundamentals and higher margins." (6/25/2017)
• 2. According to Zacks Investment Research, "Adobe’s fiscal second quarter earnings exceeded the Zacks Consensus Estimate backed by demand for the company’s Creative Cloud software tools. Over the past one year, the stock has outperformed the Zacks characterized Computer Software industry. We remain optimistic about Adobe’s market position, compelling product lines, continued innovation, solid adoption of Creative Cloud and Adobe marketing cloud and strong balance sheet.  Also, its acquisition of TubeMogul will help the company to build its position in the expanding Digital Marketing space. However, end-market recovery appears slow which remains a matter of concern." (6/23/2017)
• 3. UBS AG analysts commented, "Over the past several years Adobe has successfully transitioned its creative business from a license/upgrade model to the more visible and customer friendly subscription approach, in line with its SaaS offerings in digital marketing. With the business model shift in the rear view mirror, the company is now evolving its product strategy on top of the newly launched Adobe Cloud Platform which will enable both its creative and marketing offerings to leverage not only customer data in the marketing suite but also the company's Sensei AI technology ' enabling customers to develop content and campaigns that can be individually targeted. As we have seen in other software sectors, the establishment of a true platform can be a multiplier to both profits and growth as the industry coalesces around the underlying data model and APIs. We see Adobe's ability to connect content creation and digital delivery (marketing) as a significant differentiator and the breadth of Adobe's marketing functionality as a key competitive advantage in the space. With the linking of creative and marketing via a common data platform, Adobe is now repositioning its offerings around a new product vision called the Experience Cloud. At its core the Experience Cloud is about data driven design and execution with the added value of AI and machine learning to significantly enhance customer attraction. Ultimately it's about delivering the right info to the right individual at the right time. We see Adobe as uniquely positioned to attack the effort." (3/28/2017)
• 4. Canaccord Genuity analysts commented, "We met with management of Cubic (CUB) and toured the company’s San Diego product showcase labs. We continue to believe that CUB is in a unique position now with material tailwinds for each of its businesses. However, the risk for the stock is timing of expected awards, and then the ultimate margin upside, or return on engineering, SAP, supply chain, integration, and business development investments. Management talked down near-term defense upside, which we believe is prudent." (3/24/2017)
• 5. Piper Jaffray Companies analysts commented, "We attended Adobe Summit and the associated Financial Analyst briefing. The company noted that 12,000 customers and 2,600 partners are joining them for the Summit, an increase of approximately 20% from the previous year. The company formally "re-grouped" its broad product offerings under a new Experience Cloud brand, which we believe is more focused on enabling and encouraging broader digital transformation discussions with an eye on winning large, strategic deals in the enterprise. We reiterate our Overweight rating and $160 PT." (3/22/2017)

Some companies that are related to Adobe Systems Incorporated include Electronic Arts (EA), Autodesk (ADSK), Workday (WDAY), Check Point Software Technologies (CHKP), Symantec Corporation (SYMC), Mobileye N.V. (MBLY), ANSYS (ANSS), Square (SQ), PTC (PTC), King Digital Entertainment PLC (KING), Sabre Corporation (SABR), Zendesk (ZEN), Twilio (TWLO), Mulesoft (MULE), New Relic (NEWR), Box (BOX), CyberArk Software (CYBR) and Five9 (FIVN).

Adobe Systems Incorporated's management team includes the folowing people:

• Shantanu Narayen, Chairman of the Board, President, Chief Executive Officer
• Mark S. Garrett, Chief Financial Officer, Executive Vice President
• Abhay Parasnis, Executive Vice President, Chief Technology Officer
• Ann Lewnes, Executive Vice President, Chief Marketing Officer
• Bryan S. Lamkin, Executive Vice President, General Manager - Digital Media
• Bradley Rencher, Executive Vice President, General Manager - Digital Marketing
• Donna Morris, Executive Vice President - Customer and Employee Experience
• Matthew A. Thompson, Executive Vice President - Worldwide Field Operations
• John F. Murphy, Senior Vice President, Chief Accounting Officer
• Michael A. Dillon, Senior Vice President, General Counsel, Corporate Secretary

Adobe Systems Incorporated's stock is owned by many different of institutional and retail investors. Top institutional investors include FMR LLC (7.22%), BlackRock Inc. (6.98%), Vanguard Group Inc. (6.89%), PRIMECAP MANAGEMENT COMPANY (4.95%), State Street Corp (3.89%) and Bank of New York Mellon Corp (2.72%). Company insiders that own Adobe Systems Incorporated stock include Abhay Parasnis, 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, Robert Sedgewick, Shantanu Narayen and Valueact Capital Master Fund,. View Institutional Ownership Trends for Adobe Systems Incorporated.

Adobe Systems Incorporated's stock was sold by a variety of institutional investors in the last quarter, including Maverick Capital Ltd., American Century Companies Inc., Egerton Capital UK LLP, Jennison Associates LLC, Bank of New York Mellon Corp, Neuberger Berman Group LLC, Findlay Park Partners LLP and Franklin Resources Inc.. Company insiders that have sold Adobe Systems Incorporated stock in the last year include Abhay Parasnis, 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 Insider Buying and Selling for Adobe Systems Incorporated.

Adobe Systems Incorporated's stock was purchased by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, BlackRock Inc., FMR LLC, Polen Capital Management LLC, Arrowstreet Capital Limited Partnership, Old Mutual Global Investors UK Ltd., Vanguard Group Inc. and PointState Capital LP. View Insider Buying and Selling for Adobe Systems Incorporated.

Shares of Adobe Systems Incorporated can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Adobe Systems Incorporated stock can currently be purchased for approximately $149.26.