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NASDAQ:ADBE - Adobe Stock Price, Forecast & News

$351.37
-0.39 (-0.11 %)
(As of 01/24/2020 04:00 PM ET)
Today's Range
$349.20
Now: $351.37
$355.69
50-Day Range
$303.55
MA: $331.01
$351.76
52-Week Range
$237.27
Now: $351.37
$354.28
Volume1.64 million shs
Average Volume1.72 million shs
Market Capitalization$169.41 billion
P/E Ratio58.56
Dividend YieldN/A
Beta1.11
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. Read More…

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$8.22 per share
Book Value$21.84 per share

Profitability

Net Income$2.95 billion

Miscellaneous

Employees21,357
Market Cap$169.41 billion
Next Earnings Date3/12/2020 (Estimated)
OptionableOptionable

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Adobe (NASDAQ:ADBE) Frequently Asked Questions

What is Adobe's stock symbol?

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

How will Adobe's stock buyback program work?

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

How were Adobe's earnings last quarter?

Adobe Inc (NASDAQ:ADBE) announced its quarterly earnings data on Thursday, December, 12th. The software company reported $2.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business's revenue was up 21.4% on a year-over-year basis. During the same period last year, the firm earned $1.83 earnings per share. View Adobe's Earnings History.

When is Adobe's next earnings date?

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

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

Adobe issued an update on its FY20 earnings guidance on Thursday, December, 12th. The company provided earnings per share (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.

What price target have analysts set for ADBE?

27 brokers have issued 12 month price objectives for Adobe's stock. Their forecasts range from $280.00 to $410.00. On average, they expect Adobe's stock 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.

What is the consensus analysts' recommendation 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.

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 is riding on benefits from Magento and Marketo acquisitions and strong demand for its creative products. It has been making great efforts toward establishing its presence in cloud-related software areas such as documents and marketing. We remain optimistic about Adobe’s market position, compelling product lines, continued innovation, solid adoption of Creative Cloud and Adobe marketing cloud. Estimates have been stable lately ahead of the company’s Q2 earnings release. The company has mixed record of earnings surprises in recent quarters. However, lower end-market demand and exposure to Europe remain overhangs. High acquisition expenses do not bode well for its bottom line. Notably, the stock has underperformed the industry it belongs to over a year." (5/15/2019)
  • 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)
  • 3. Barclays PLC analysts commented, "We respond to each below, and remember that FY19 ARR is going up by $30M organically and we still see a favorable setup on FY20 margins as M&A impact dissipates. PT unchanged." (3/18/2019)

Has Adobe been receiving favorable news coverage?

News coverage about ADBE stock has trended very positive this week, according to InfoTrie. The research group rates the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Adobe earned a news sentiment score of 4.0 on InfoTrie's scale. They also assigned news stories about the software company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View News Stories for Adobe.

Are investors shorting Adobe?

Adobe saw a drop in short interest during the month of December. As of December 31st, there was short interest totalling 6,750,000 shares, a drop of 10.4% from the December 15th total of 7,530,000 shares. Based on an average daily volume of 2,370,000 shares, the days-to-cover ratio is currently 2.8 days. Approximately 1.4% 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), Paypal (PYPL), Micron Technology (MU), Visa (V), Walt Disney (DIS), Mastercard (MA) and Intel (INTC).

Who are Adobe's key executives?

Adobe's management team includes the folowing 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)

Who are Adobe's major shareholders?

Adobe's stock is owned by a number of of institutional and retail investors. Top institutional investors 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.

Which major investors are selling Adobe stock?

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, Matthew Thompson and Shantanu Narayen. View Insider Buying and Selling for Adobe.

Which major investors are buying Adobe stock?

ADBE stock was bought 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.

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 $351.37.

How big of a company is Adobe?

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 21,357 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:  1,392 (Vote Outperform)
Underperform Votes:  964 (Vote Underperform)
Total Votes:  2,356
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 1/24/2020 by MarketBeat.com Staff

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