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

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

Adobe Systems declared that its board has authorized 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 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 earnings results on Thursday, June, 14th. The software company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.12. The software company had revenue of $2.20 billion for the quarter, compared to analysts' expectations of $2.16 billion. Adobe Systems had a return on equity of 27.08% and a net margin of 26.68%. Adobe Systems's quarterly revenue was up 23.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.02 EPS. 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 brokerages have issued twelve-month price objectives for Adobe Systems' shares. Their predictions range from $160.00 to $292.00. On average, they expect Adobe Systems' stock price to reach $241.7037 in the next twelve months. This suggests that the stock has a possible downside of 4.1%. View Analyst Price Targets for Adobe Systems.

28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Adobe Systems in the last year. There are currently 8 hold ratings and 20 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Adobe Systems.

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

News articles about ADBE stock have trended positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive news 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 media and rumor sentiment score of 0.33 on Accern's scale. They also assigned news stories about the software company an impact score of 46.40 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next few days. View Recent Headlines for Adobe Systems.

Adobe Systems' stock is owned by many different of retail and institutional investors. Top institutional investors include FMR LLC (7.62%), BlackRock Inc. (6.90%), Bank of New York Mellon Corp (2.29%), Jennison Associates LLC (1.90%), Janus Henderson Group PLC (1.68%) and Massachusetts Financial Services Co. MA (1.46%). 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 Janus Henderson Group PLC, Egerton Capital UK LLP, Polen Capital Management LLC, Waddell & Reed Financial Inc., FMR LLC, Voya Investment Management LLC, Canada Pension Plan Investment Board and Destination Wealth Management. Company insiders that have sold Adobe Systems company stock in the last year include Abhay Parasnis, 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 Edgewood Management LLC, Morgan Stanley, Moneta Group Investment Advisors LLC, Chevy Chase Trust Holdings Inc., Acadian Asset Management LLC, Gateway Investment Advisers LLC, South Texas Money Management Ltd. and Assenagon Asset Management S.A.. 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 $252.09.

Adobe Systems has a market capitalization of $120.31 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]