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NASDAQ:ADBE - Adobe Stock Price, Forecast & News

$305.83
-16.84 (-5.22 %)
(As of 03/29/2020 02:23 PM ET)
Today's Range
$300.63
Now: $305.83
$314.29
50-Day Range
$285.00
MA: $343.45
$383.28
52-Week Range
$255.13
Now: $305.83
$386.74
Volume4.86 million shs
Average Volume5.87 million shs
Market Capitalization$147.80 billion
P/E Ratio46.34
Dividend YieldN/A
Beta0.99
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 customer to download and access 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 Experience 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, marketing automation, 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 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 offers 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, software vendors and developers, 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

Industry Prepackaged software
Sub-IndustryApplication Software
SectorComputer and Technology
Current SymbolNASDAQ:ADBE
CUSIP00724F10
Phone408-536-6000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$11.17 billion
Cash Flow$7.76 per share
Book Value$21.66 per share

Profitability

Net Income$2.95 billion

Miscellaneous

Employees22,634
Market Cap$147.80 billion
Next Earnings Date6/16/2020 (Estimated)
OptionableOptionable

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Adobe (NASDAQ:ADBE) Frequently Asked Questions

How has Adobe's stock been impacted by COVID-19 (Coronavirus)?

Adobe's stock was trading at $315.23 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, ADBE shares have decreased by 3.0% and is now trading at $305.83. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Adobe?

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Adobe in the last year. There are currently 6 hold ratings and 20 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Adobe.

When is Adobe's next earnings date?

Adobe is scheduled to release its next quarterly earnings announcement on Tuesday, June 16th 2020. View our earnings forecast for Adobe.

How were Adobe's earnings last quarter?

Adobe Inc (NASDAQ:ADBE) released its quarterly earnings results on Thursday, March, 12th. The software company reported $2.27 EPS for the quarter, beating the Zacks' consensus estimate of $2.23 by $0.04. The software company had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.05 billion. Adobe had a return on equity of 33.54% and a net margin of 27.72%. The firm's revenue for the quarter was up 18.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.71 EPS. View Adobe's earnings history.

How will Adobe's stock buyback program work?

Adobe announced that its Board of Directors has approved 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 repurchase up to 6.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its shares are undervalued.

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

Adobe updated its second quarter earnings guidance on Thursday, March, 12th. The company provided EPS guidance of approx $2.35 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.34. The company issued revenue guidance of approx $3.175 billion, compared to the consensus revenue estimate of $3.22 billion.

What price target have analysts set for ADBE?

26 Wall Street analysts have issued 12 month target prices for Adobe's shares. Their forecasts range from $280.00 to $410.00. On average, they expect Adobe's stock price to reach $338.08 in the next twelve months. This suggests a possible upside of 10.5% from the stock's current price. View analysts' price targets 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 reported strong fiscal first quarter results wherein both earnings and revenues topped the estimates. Solid performance of Creative Cloud, Document Cloud and Experience Cloud contributed well. Further, rising subscription revenues were positives. Also, solid momentum across the mobile apps was a tailwind. Additionally, growth in emerging markets, robust online video creation demand and improving average revenue per user were other positives. We believe expanding product portfolio will continue to aid the company in capitalizing on market prospects and ongoing digitization. The stock has outperformed the industry over a year. However, the company has given weak guidance for the current quarter due to coronavirus scare which might delay enterprises booking decisions, reduce marketing spending and hurt consulting service implementations." (3/18/2020)
  • 2. Rosenblatt Securities analysts commented, "We leave SUMMIT with more confidence in the Digital Experience business than before the event and would increase positions on any misperception of weakness from the 1Q19 results. Reiterate BUY and $280 PT." (3/29/2019)

Has Adobe been receiving favorable news coverage?

News articles about ADBE stock have been trending extremely negative on Sunday, InfoTrie Sentiment reports. The research group identifies negative and positive media 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 negative five to positive five, with scores closest to five being the most favorable. Adobe earned a media sentiment score of -4.0 on InfoTrie's scale. They also gave news articles about the software company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutAdobe.

Are investors shorting Adobe?

Adobe saw a increase in short interest in March. As of March 13th, there was short interest totaling 5,856,500 shares, an increase of 27.0% from the February 27th total of 4,610,000 shares. Based on an average trading volume of 4,584,900 shares, the days-to-cover ratio is presently 1.3 days. Currently, 1.2% of the shares of the company are sold short. View Adobe's Current Options Chain.

Who are some of Adobe's key competitors?

What other stocks do shareholders of Adobe own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Adobe investors own include NVIDIA (NVDA), Alibaba Group (BABA), Netflix (NFLX), salesforce.com (CRM), Micron Technology (MU), Paypal (PYPL), Visa (V), Mastercard (MA), Walt Disney (DIS) and Intel (INTC).

Who are Adobe's key executives?

Adobe's management team includes the following people:
  • Mr. Shantanu Narayen, Chairman, Pres & CEO (Age 55)
  • Dr. John E. Warnock, Co-Founder & Director (Age 78)
  • Dr. Charles M. Geschke, Co-Founder & Director (Age 80)
  • Mr. John F. Murphy, Exec. VP & CFO (Age 50)
  • Mr. Bryan Lamkin, Exec. VP & Gen. Mang. of Digital Media (Age 58)

What is Adobe's stock symbol?

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

Who are Adobe's major shareholders?

Adobe's stock is owned by a number of institutional and retail investors. Top institutional investors include FMR LLC (7.36%), State Street Corp (4.13%), Bank of New York Mellon Corp (1.75%), Janus Henderson Group PLC (1.67%), Jennison Associates LLC (1.53%) and Geode Capital Management LLC (1.43%). Company insiders that own Adobe stock include Abhay Parasnis, Ann Lewnes, Bradley Rencher, Charles M Geschke, Dana Rao, David A Ricks, Donna Morris, John E Warnock, Mark S Garfield, Matthew Thompson, Scott Belsky 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 Melvin Capital Management LP, FMR LLC, Point72 Asset Management L.P., Fred Alger Management LLC, Bank of New York Mellon Corp, AQR Capital Management LLC, AXA, and First Trust Advisors LP. Company insiders that have sold Adobe company stock in the last year include Ann Lewnes, Charles M Geschke, Dana Rao, Donna Morris, John E Warnock, Mark S Garfield, and Scott Belsky. View insider buying and selling activity for Adobe.

Which major investors are buying Adobe stock?

ADBE stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, Johanson Financial Advisors Inc., Amundi Pioneer Asset Management Inc., Nuveen Asset Management LLC, SG Americas Securities LLC, Marshall Wace North America L.P., UBS Asset Management Americas Inc., and Alliancebernstein L.P.. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Adobe's stock price today?

One share of ADBE stock can currently be purchased for approximately $305.83.

How big of a company is Adobe?

Adobe has a market capitalization of $147.80 billion and generates $11.17 billion in revenue each year. The software company earns $2.95 billion in net income (profit) each year or $6.56 on an earnings per share basis. Adobe employs 22,634 workers across the globe. View additional information about Adobe.

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 (star star star)
Outperform Votes:  1,420 (Vote Outperform)
Underperform Votes:  986 (Vote Underperform)
Total Votes:  2,406
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 3/29/2020 by MarketBeat.com Staff

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