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

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$230.00 -18.08 (-7.29 %)

(As of 12/14/2018 04:00 PM ET)

Previous Close$248.08

Today's Range$229.91 - $240.92

52-Week Range$172.92 - $277.61

Volume12.18 million shs

Average Volume3.21 million shs

Market Capitalization$119.86 billion

P/E Ratio64.07

Dividend YieldN/A

Beta1.14

Adobe Inc. operates as a diversified software company worldwide. Its Digital Media segment provides tools and solutions that enable individuals, small and medium businesses, and enterprises to create, publish, promote, and monetize their digital content. Its flagship product is Creative Cloud, a subscription service that allows customers to download and install the latest versions of its creative products. This segment serves traditional content creators, Web application developers, and digital media professionals, as well as their management in marketing departments and agencies, companies, and publishers. The company's Digital Marketing segment offers solutions for how digital advertising and marketing are created, managed, executed, measured, and optimized. This segment provides analytics, social marketing, targeting, media optimization, digital experience management, cross-channel campaign management, audience management, and video delivery and monetization solutions to digital marketers, advertisers, publishers, merchandisers, Web analysts, chief marketing officers, chief information officers, and chief revenue officers. Its Print and Publishing segment offers products and services, such as e-learning solutions, technical document publishing, Web application development, and high-end printing, as well as publishing needs of technical and business, and original equipment manufacturers (OEMs) printing businesses. The company markets and licenses its products and services directly to enterprise customers through its sales force, as well as to end-users through app stores and through its Website at adobe.com. It also distributes products and services through a network of distributors, value-added resellers, systems integrators, independent software vendors, retailers, and OEMs. The company was formerly known as Adobe Systems Incorporated and changed its name to Adobe Inc. in October 2018. The company was founded in 1982 and is headquartered in San Jose, California.

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Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Prepackaged software

Sub-IndustryApplication Software

SectorComputer and Technology

Current SymbolNASDAQ:ADBE

Previous Symbol

CUSIP00724F10

Webwww.adobe.com

Phone408-536-6000

Debt

Debt-to-Equity Ratio0.21

Current Ratio1.66

Quick Ratio1.66

Price-To-Earnings

Trailing P/E Ratio64.07

Forward P/E Ratio40.64

P/E Growth2.28

Sales & Book Value

Annual Sales$7.30 billion

Price / Sales15.38

Cash Flow$4.0393 per share

Price / Cash Flow56.94

Book Value$17.16 per share

Price / Book13.40

Profitability

EPS (Most Recent Fiscal Year)$3.59

Net Income$1.69 billion

Net Margins28.16%

Return on Equity29.51%

Return on Assets17.03%

Miscellaneous

Employees17,973

Outstanding Shares488,130,000

Market Cap$119.86 billion

OptionableOptionable

Adobe (NASDAQ:ADBE) Frequently Asked Questions

What is Adobe's stock symbol?

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

How will Adobe's stock buyback program work?

Adobe declared that its board has authorized a share repurchase plan 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 repurchase up to 6.8% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's management believes its shares are undervalued.

How were Adobe's earnings last quarter?

Adobe Inc (NASDAQ:ADBE) issued its earnings results on Thursday, December, 13th. The software company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by $0.05. The software company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.43 billion. Adobe had a return on equity of 29.51% and a net margin of 28.16%. Adobe's revenue was up 20.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.26 EPS. View Adobe's Earnings History.

When is Adobe's next earnings date?

Adobe is scheduled to release their next quarterly earnings announcement on Thursday, March 21st 2019. View Earnings Estimates for Adobe.

What guidance has Adobe issued on next quarter's earnings?

Adobe issued an update on its FY 2019 earnings guidance on Thursday, December, 13th. The company provided EPS guidance of $7.75-7.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.98. The company issued revenue guidance of $11.15-11.15 billion, compared to the consensus revenue estimate of $10.8 billion.Adobe also updated its Q1 2019 guidance to $1.60-1.60 EPS.

What price target have analysts set for ADBE?

28 brokerages have issued 1 year price objectives for Adobe's stock. Their forecasts range from $210.00 to $325.00. On average, they anticipate Adobe's share price to reach $276.7308 in the next twelve months. This suggests a possible upside of 20.3% from the stock's current price. View Analyst Price Targets for Adobe.

What is the consensus analysts' recommendation for Adobe?

28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Adobe 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.

What are Wall Street analysts saying about Adobe stock?

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

1. According to Zacks Investment Research, "Adobe’s creative products continue to drive its top-line growth. The company is currently benefiting from strong demand for its innovative solutions and growing subscriptions for its cloud application. Adobe has been making great efforts toward establishing its presence in cloud-related software areas such as documents and marketing. Adobe Experience Manager, which enables brands to offer a personalized experience, is also witnessing robust growth. We remain optimistic about Adobe’s market position, compelling product lines, continued innovation, solid adoption of Creative Cloud and Adobe marketing cloud. Estimates have been stable lately ahead of the company’s Q4 earnings release. The company has positive record of earnings surprises in recent quarters. Notably, the stock has outperformed the industry it belongs to on a year-to-date basis. However, lower end-market demand and exposure to Europe remain overhangs." (12/12/2018)
2. Rosenblatt Securities analysts commented, "We believe Adobe’s Artifi- cial Intelligence/Machine Learning framework, Sensei, has already begun to drive val- ue expansion across all product lines, and this will drive more value than is currently priced into the stock. Further, the company’s other strategic efforts to (1) target non – professionals and (2) offer its flagship products on tablet/mobile devices through part- nerships with OEMs like Apple, Inc. (AAPL: Buy) and Microsoft (MSFT: NR) nicely com- plement the new Sensei features and will drive a larger mix of subscription revenue, in our view." (10/21/2018)
3. KeyCorp analysts commented, "We are raising estimates and our PT to $286 from $276. Creative and Experience Clouds post strong results as profits rise 58%." (9/14/2018)

Has Adobe been receiving favorable news coverage?

Media coverage about ADBE stock has been trending somewhat negative recently, InfoTrie Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Adobe earned a coverage optimism score of -1.4 on InfoTrie's scale. They also gave media headlines about the software company a news buzz of 7.0 out of 10, meaning that recent press coverage is likely to have an effect on the stock's share price in the near future.

Who are some of Adobe's key competitors?

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

Who are Adobe's key executives?

Adobe's management team includes the folowing people:

Mr. Shantanu Narayen, Chairman, Pres & CEO (Age 54)
Mr. John E. Warnock, Co-Founder & Director (Age 77)
Dr. Charles M. Geschke, Co-Founder & Director (Age 79)
Mr. Bryan Lamkin, Exec. VP & Gen. Mang. of Digital Media (Age 57)
Mr. Matthew A. Thompson, Exec. VP of Worldwide Field Operations (Age 59)

Who are Adobe's major shareholders?

Adobe's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include FMR LLC (7.68%), Vanguard Group Inc. (7.59%), Vanguard Group Inc (7.59%), BlackRock Inc. (6.96%), Primecap Management Co. CA (4.29%) and Bank of New York Mellon Corp (2.19%). 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.

Which major investors are selling Adobe stock?

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, Standard Life Aberdeen plc and Bank of New York Mellon Corp. 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.

Which major investors are buying Adobe stock?

ADBE stock was purchased by a variety of institutional investors in the last quarter, including Morgan Stanley, AQR Capital Management LLC, Edgewood Management LLC, Rehmann Capital Advisory Group, Nordea Investment Management AB, Vanguard Group Inc, Vanguard Group Inc. and Federated Investors Inc. PA. 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.

How do I buy shares of 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.

What is Adobe's stock price today?

One share of ADBE stock can currently be purchased for approximately $230.00.

How big of a company is Adobe?

Adobe has a market capitalization of $119.86 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.

What is Adobe's official website?

The official website for Adobe is http://www.adobe.com.

How can I contact Adobe?

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]

MarketBeat Community Rating for Adobe (NASDAQ ADBE)

Community Ranking:		3.0 out of 5 ( )
Outperform Votes:		1,255 (Vote Outperform)
Underperform Votes:		846 (Vote Underperform)
Total Votes:		2,101

MarketBeat's community ratings are surveys of what our community members think about Adobe and other stocks. Vote "Outperform" if you believe ADBE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ADBE will underperform the S&P 500 over the long term. You may vote once every thirty days.

This page was last updated on 12/14/2018 by MarketBeat.com Staff