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NASDAQ:ADBEAdobe Stock Price, Forecast & News

$312.11
-7.02 (-2.20 %)
(As of 04/7/2020 03:43 PM ET)
Add
Compare
Today's Range
$306.30
Now: $312.11
$328.32
50-Day Range
$285.00
MA: $331.46
$383.28
52-Week Range
$255.13
Now: $312.11
$386.74
Volume4.35 million shs
Average Volume5.77 million shs
Market Capitalization$150.37 billion
P/E Ratio47.29
Dividend YieldN/A
Beta0.94
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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Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 3.0Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.40 out of 5 stars


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$8.71 per share
Book Value$21.75 per share

Profitability

Net Income$2.95 billion

Miscellaneous

Employees22,634
Market Cap$150.37 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 (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, ADBE shares have decreased by 1.0% and is now trading at $312.11. 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 earnings results on Thursday, March, 12th. The software company reported $2.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $2.23 by $0.04. The software company earned $3.09 billion during the quarter, compared to analysts' expectations of $3.05 billion. Adobe had a return on equity of 33.54% and a net margin of 27.72%. The company's revenue for the quarter was up 18.8% on a year-over-year basis. During the same period last year, the company earned $1.71 earnings per share. View Adobe's earnings history.

How will Adobe's stock buyback program work?

Adobe announced that its board has authorized a stock repurchase plan on Monday, May 21st 2018, which authorizes the company to repurchase $8,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 6.8% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management 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 earnings per share (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 equities research analysts have issued twelve-month price objectives for Adobe's stock. Their forecasts range from $283.00 to $410.00. On average, they expect Adobe's share price to reach $341.00 in the next twelve months. This suggests a possible upside of 9.3% from the stock's current price. View analysts' price targets for Adobe.

Has Adobe been receiving favorable news coverage?

News articles about ADBE stock have trended very negative on Tuesday, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Adobe earned a media sentiment score of -3.3 on InfoTrie's scale. They also gave news headlines about the software company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term. 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 daily volume of 4,584,900 shares, the short-interest ratio is currently 1.3 days. Approximately 1.2% of the shares of the stock 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 retail and institutional investors. Top institutional shareholders include State of Alaska Department of Revenue (0.02%), Cullinan Associates Inc. (0.01%), Park National Corp OH (0.01%), Chemung Canal Trust Co. (0.01%), First National Bank of Mount Dora Trust Investment Services (0.00%) and Centre Asset Management LLC (0.00%). 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 institutional investors are selling Adobe stock?

ADBE stock was sold by a variety of institutional investors in the last quarter, including Park National Corp OH, Centre Asset Management LLC, Triangle Securities Wealth Management, Gradient Investments LLC, Orrstown Financial Services Inc., Enterprise Trust & Investment Co, Cullinan Associates Inc., and First National Bank of Mount Dora Trust Investment Services. 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 institutional investors are buying Adobe stock?

ADBE stock was acquired by a variety of institutional investors in the last quarter, including First American Bank, State of Alaska Department of Revenue, Xcel Wealth Management LLC, Chemung Canal Trust Co., Global Trust Asset Management LLC, Bath Savings Trust Co, RDA Financial Network, and Private Asset Management Inc.. 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 $312.11.

How big of a company is Adobe?

Adobe has a market capitalization of $150.37 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]

This page was last updated on 4/7/2020 by MarketBeat.com Staff

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