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

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

Adobe declared that its board has initiated a share repurchase program on Monday, May 21st 2018, which allows the company to repurchase $8,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 6.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's management believes its stock is undervalued.

Adobe Inc (NASDAQ:ADBE) posted its earnings results on Thursday, September, 13th. The software company reported $1.73 EPS for the quarter, beating analysts' consensus estimates 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 net margin of 28.16% and a return on equity of 29.51%. The firm'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 earnings per share. 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 issued an update on its fourth quarter earnings guidance on Monday, October, 15th. The company provided 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 price targets for Adobe's shares. Their predictions range from $200.00 to $325.00. On average, they anticipate 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.

Media headlines about ADBE stock have trended negative this week, InfoTrie reports. InfoTrie identifies positive and negative news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public 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 -2.7 on InfoTrie's scale. They also gave press coverage about the software company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the near term.

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 Citrix Systems (CTXS).

Adobe's stock is owned by many different of institutional and retail investors. Top institutional shareholders 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 acquired 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 $116.54 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]