NASDAQ:ADBE - Adobe Stock Price, Forecast & News

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

Adobe announced that its Board of Directors has authorized a share repurchase plan on Monday, May 21st 2018, which permits the company to repurchase $8,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 6.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its stock is undervalued.

Adobe Inc (NASDAQ:ADBE) announced its quarterly earnings results on Thursday, December, 12th. The software company reported $2.29 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $2.26 by $0.03. The software company earned $2.99 billion during the quarter, compared to analyst estimates of $2.97 billion. Adobe had a net margin of 26.42% and a return on equity of 31.47%. The company's revenue was up 21.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.83 earnings per share. View Adobe's Earnings History.

Adobe is scheduled to release their next quarterly earnings announcement on Thursday, March 12th 2020. View Earnings Estimates for Adobe.

Adobe issued an update on its FY20 earnings guidance on Thursday, December, 12th. The company provided EPS guidance of $9.75 for the period, compared to the Thomson Reuters consensus EPS estimate of $9.76. The company issued revenue guidance of $13.15 billion, compared to the consensus revenue estimate of $13.14 billion.

27 analysts have issued 1-year price targets for Adobe's shares. Their forecasts range from $280.00 to $410.00. On average, they expect Adobe's share price to reach $337.79 in the next year. This suggests that the stock has a possible downside of 3.9%. View Analyst Price Targets for Adobe.

27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Adobe in the last year. There are currently 9 hold ratings and 18 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Adobe.

Media headlines about ADBE stock have been trending somewhat negative on Monday, InfoTrie Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded 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 coverage about the software company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the near future. View News Stories for Adobe.

Adobe saw a decline in short interest during the month of January. As of January 15th, there was short interest totalling 6,750,000 shares, a decline of 10.4% from the December 31st total of 7,530,000 shares. Based on an average trading volume of 2,350,000 shares, the short-interest ratio is currently 2.9 days. Approximately 1.4% of the company's shares are sold short. View Adobe's Current Options Chain.

Some companies that are related to Adobe include salesforce.com (CRM), Intuit (INTU), Autodesk (ADSK), Workday (WDAY), Splunk (SPLK), ANSYS (ANSS), Synopsys (SNPS), Cadence Design Systems (CDNS), Citrix Systems (CTXS), SS&C Technologies (SSNC), Tyler Technologies (TYL), Fair Isaac (FICO), FactSet Research Systems (FDS), Aspen Technology (AZPN) and Guidewire Software (GWRE).

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), Paypal (PYPL), Micron Technology (MU), Visa (V), Walt Disney (DIS), Mastercard (MA) and Intel (INTC).

Adobe's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Johanson Financial Advisors Inc. (0.21%), New York State Teachers Retirement System (0.15%), Strs Ohio (0.12%), Close Asset Management Ltd (0.10%), Loring Wolcott & Coolidge Fiduciary Advisors LLP MA (0.10%) and Family Capital Trust Co (0.07%). 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 Garrett, Mark S Garfield, Matthew Thompson, Michael A Dillon and Shantanu Narayen. View Institutional Ownership Trends for Adobe.

ADBE stock was sold by a variety of institutional investors in the last quarter, including State of Michigan Retirement System, Tocqueville Asset Management L.P., Meag Munich Ergo Kapitalanlagegesellschaft MBH, Strs Ohio, State of Alaska Department of Revenue, Commerzbank Aktiengesellschaft FI, Family Capital Trust Co and KAMES CAPITAL plc. Company insiders that have sold Adobe company stock in the last year include Ann Lewnes, Bradley Rencher, Charles M Geschke, Dana Rao, Donna Morris, John E Warnock, Mark S Garfield and Matthew Thompson. View Insider Buying and Selling for Adobe.

ADBE stock was acquired by a variety of institutional investors in the last quarter, including Johanson Financial Advisors Inc., Loring Wolcott & Coolidge Fiduciary Advisors LLP MA, Global Thematic Partners LLC, Chesley Taft & Associates LLC, Close Asset Management Ltd, Centre Asset Management LLC, DNB Asset Management AS and BW Gestao de Investimentos Ltda.. 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, Robinhood, Fidelity and Charles Schwab.

One share of ADBE stock can currently be purchased for approximately $351.37.

Adobe has a market capitalization of $169.41 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.

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]