NASDAQ:ADBE - Adobe Systems Stock Price, Price Target & More

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

Adobe Systems declared that its board has initiated a share buyback 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 reacquire up to 6.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Adobe Systems Incorporated (NASDAQ:ADBE) issued its quarterly earnings data on Thursday, June, 14th. The software company reported $1.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.54 by $0.12. The software company earned $2.20 billion during the quarter, compared to analysts' expectations of $2.16 billion. Adobe Systems had a net margin of 26.68% and a return on equity of 27.08%. Adobe Systems's revenue was up 23.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.02 earnings per share. 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 issued an update on 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 earnings per share 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 1 year price targets for Adobe Systems' stock. Their forecasts range from $160.00 to $292.00. On average, they expect Adobe Systems' share price to reach $240.0370 in the next year. This suggests that the stock has a possible downside of 6.8%. View Analyst Ratings for Adobe Systems.

28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Adobe Systems in the last year. There are currently 7 hold ratings and 21 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

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

News coverage about ADBE stock has been trending somewhat positive on Friday, Accern Sentiment reports. Accern identifies positive and negative media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Adobe Systems earned a media sentiment score of 0.21 on Accern's scale. They also assigned press coverage about the software company an impact score of 47.13 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the next several days.

Adobe Systems' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Swedbank (0.37%), Fred Alger Management Inc. (0.26%), Assenagon Asset Management S.A. (0.07%), Gateway Investment Advisers LLC (0.07%), Atalanta Sosnoff Capital LLC (0.07%) and Hardman Johnston Global Advisors LLC (0.05%). 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 NN Investment Partners Holdings N.V., Factory Mutual Insurance Co., Trinity Street Asset Management LLP, Hartford Investment Management Co., Stralem & Co. Inc., Meag Munich Ergo Kapitalanlagegesellschaft MBH, Bedrijfstakpensioenfonds Voor DE Media PNO and Capital Investment Services of America Inc.. 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 bought by a variety of institutional investors in the last quarter, including Gateway Investment Advisers LLC, Assenagon Asset Management S.A., Nisa Investment Advisors LLC, Calamos Advisors LLC, Eastern Bank, Addenda Capital Inc., Swedbank and Fred Alger Management Inc.. 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 $257.68.

Adobe Systems has a market capitalization of $127.20 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]