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 of Directors has approved a share repurchase plan on Monday, May 21st 2018, which allows the company to buyback $8,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to buy up to 6.8% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

Adobe Systems Incorporated (NASDAQ:ADBE) released its quarterly earnings results on Thursday, June, 14th. The software company reported $1.66 earnings per share (EPS) 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 revenue for the quarter was up 23.9% compared to the same quarter last year. During the same period in the previous 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 earnings per share guidance of $1.68 for the period, compared to the Thomson Reuters consensus EPS 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 target prices for Adobe Systems' shares. Their forecasts range from $160.00 to $292.00. On average, they expect Adobe Systems' stock price to reach $240.0370 in the next year. This suggests that the stock has a possible downside of 5.7%. 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).

Headlines about ADBE stock have been trending somewhat positive on Tuesday, Accern reports. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Adobe Systems earned a news sentiment score of 0.12 on Accern's scale. They also assigned media headlines about the software company an impact score of 46.14 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.

Adobe Systems' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Swedbank (0.37%), Gateway Investment Advisers LLC (0.07%), Atalanta Sosnoff Capital LLC (0.07%), Rathbone Brothers plc (0.05%), Peregrine Capital Management LLC (0.04%) and Manning & Napier Group LLC (0.03%). 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., Capital Investment Services of America Inc., Ledyard National Bank, Clinton Group Inc., Peregrine Capital Management LLC, Manning & Napier Group LLC, First National Bank of Omaha and Fjarde AP Fonden Fourth Swedish National Pension Fund. 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 Gateway Investment Advisers LLC, Addenda Capital Inc., Swedbank, DnB Asset Management AS, Trust Department MB Financial Bank N A, Chesley Taft & Associates LLC, Cohen Klingenstein LLC and Addenda Capital 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 $254.68.

Adobe Systems has a market capitalization of $126.62 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]