Adobe Systems Incorporated Company Profile (NASDAQ:ADBE)

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

Adobe Systems Incorporated declared that its Board of Directors has initiated a share repurchase program on Thursday, April 6th 2017, which allows the company to buyback $2,500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 4.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's management believes its stock is undervalued.

Adobe Systems Incorporated (NASDAQ:ADBE) issued its quarterly earnings data on Tuesday, September, 19th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.01 by $0.09. The firm earned $1.84 billion during the quarter, compared to analyst estimates of $1.82 billion. Adobe Systems Incorporated had a net margin of 23.06% and a return on equity of 21.40%. The firm's revenue for the quarter was up 25.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.75 earnings per share. View Adobe Systems Incorporated's Earnings History.

Adobe Systems Incorporated is scheduled to release their next quarterly earnings announcement on Thursday, December, 21st 2017. View Earnings Estimates for Adobe Systems Incorporated.

Adobe Systems Incorporated issued an update on its FY18 earnings guidance on Wednesday, October, 18th. The company provided EPS guidance of ~$5.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.20. The company issued revenue guidance of ~$8.7 billion, compared to the consensus revenue estimate of $8.67 billion.Adobe Systems Incorporated also updated its Q4 guidance to $1.15 EPS.

29 analysts have issued twelve-month target prices for Adobe Systems Incorporated's stock. Their predictions range from $130.00 to $213.00. On average, they expect Adobe Systems Incorporated's stock price to reach $170.48 in the next twelve months. View Analyst Ratings for Adobe Systems Incorporated.

Here are some recent quotes from research analysts about Adobe Systems Incorporated stock:

• 1. According to Zacks Investment Research, "Adobe’s fiscal second quarter earnings exceeded the Zacks Consensus Estimate backed by demand for the company’s Creative Cloud software tools. Year to date, the stock has outperformed the Zacks characterized Computer Software industry. We remain optimistic about Adobe’s market position, compelling product lines, continued innovation, solid adoption of Creative Cloud and Adobe marketing cloud and strong balance sheet.  Also, its acquisition of TubeMogul will help the company to build its position in the expanding Digital Marketing space. However, end-market recovery appears slow which remains a matter of concern." (9/22/2017)
• 2. Bank of America Corporation analysts commented, "We believe VMW has hit a tipping point whereby licenses from new and faster growing products such as NSX, vSAN, EUC are ~50% of license revenues and will increasingly inflect growth and plant it more firmly in double-digit territory," the analyst concluded. "This would potentially reduce license cyclicality."Related Links:7 Biggest Price Target Changes For FridayBenzinga's Top Upgrades, Downgrades For August 25, 2017_______Image Credit: "A section of the VMware headquarters campus" (8/25/2017)
• 3. Jefferies Group LLC analysts commented, "The ADBE story features the best of both internet and software sectors – highly predictable and profitable revenue streams, vast open-ended TAM, and exposure to broad tech trends. ADBE is levered to major internet themes, incl. the digitization of content and entire off-line businesses, the shift to mobile platforms, and the consumption of video across new channels. Valuation does not give full credit to its superior growth, in our view. Stock up 5x since late 2011, and more to go. Adobe was rewarded for being one of the first tech cos to transition to a subscription model, and we believe the stock has more room to run." (8/24/2017)
• 4. KeyCorp analysts commented, "We are raising our estimates and our price target to $174 from $142 on robust demand fundamentals and higher margins." (6/25/2017)
• 5. UBS AG analysts commented, "Over the past several years Adobe has successfully transitioned its creative business from a license/upgrade model to the more visible and customer friendly subscription approach, in line with its SaaS offerings in digital marketing. With the business model shift in the rear view mirror, the company is now evolving its product strategy on top of the newly launched Adobe Cloud Platform which will enable both its creative and marketing offerings to leverage not only customer data in the marketing suite but also the company's Sensei AI technology ' enabling customers to develop content and campaigns that can be individually targeted. As we have seen in other software sectors, the establishment of a true platform can be a multiplier to both profits and growth as the industry coalesces around the underlying data model and APIs. We see Adobe's ability to connect content creation and digital delivery (marketing) as a significant differentiator and the breadth of Adobe's marketing functionality as a key competitive advantage in the space. With the linking of creative and marketing via a common data platform, Adobe is now repositioning its offerings around a new product vision called the Experience Cloud. At its core the Experience Cloud is about data driven design and execution with the added value of AI and machine learning to significantly enhance customer attraction. Ultimately it's about delivering the right info to the right individual at the right time. We see Adobe as uniquely positioned to attack the effort." (3/28/2017)

Some companies that are related to Adobe Systems Incorporated include Electronic Arts (EA), Autodesk (ADSK), Workday (WDAY), Symantec (SYMC), Check Point Software Technologies (CHKP), Mobileye NV (MBLY), Square (SQ), ANSYS (ANSS), PTC (PTC), King Digital Entertainment PLC (KING), Sabre Corporation (SABR), Zendesk (ZEN), Twilio (TWLO), Mulesoft (MULE), Box (BOX), New Relic (NEWR), Five9 (FIVN) and CyberArk Software (CYBR).

Adobe Systems Incorporated's management team includes the folowing people:

• Shantanu Narayen, Chairman of the Board, President, Chief Executive Officer
• Mark S. Garrett, Chief Financial Officer, Executive Vice President
• Abhay Parasnis, Executive Vice President, Chief Technology Officer
• Ann Lewnes, Executive Vice President, Chief Marketing Officer
• Bryan S. Lamkin, Executive Vice President, General Manager - Digital Media
• Bradley Rencher, Executive Vice President, General Manager - Digital Marketing
• Donna Morris, Executive Vice President - Customer and Employee Experience
• Matthew A. Thompson, Executive Vice President - Worldwide Field Operations
• John F. Murphy, Senior Vice President, Chief Accounting Officer
• Michael A. Dillon, Senior Vice President, General Counsel, Corporate Secretary

Adobe Systems Incorporated's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include PRIMECAP MANAGEMENT COMPANY (4.95%), Assenagon Asset Management S.A. (0.12%), Family Capital Trust Co (0.10%), Inverness Counsel LLC NY (0.05%), Robeco Institutional Asset Management B.V. (0.03%) and Shell Asset Management Co. (0.02%). Company insiders that own Adobe Systems Incorporated stock include Abhay Parasnis, Ann Lewnes, Bradley Rencher, Bryan Lamkin, Charles M Geschke, Daniel Rosensweig, Donna Morris, Edward W Barnholt, James E Daley, John E Warnock, Mark Garrett, Matthew Thompson, Michael A Dillon, Richard Rowley, Robert K Burgess, Robert Sedgewick, Shantanu Narayen and Valueact Capital Master Fund,. View Institutional Ownership Trends for Adobe Systems Incorporated.

Adobe Systems Incorporated's stock was sold by a variety of institutional investors in the last quarter, including Sit Investment Associates Inc., Family Capital Trust Co, Howe & Rusling Inc., Centre Asset Management LLC, Arcadia Investment Management Corp MI, Private Asset Management Inc., Quantitative Systematic Strategies LLC and Sumitomo Life Insurance Co.. Company insiders that have sold Adobe Systems Incorporated stock in the last year include Abhay Parasnis, 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 Insider Buying and Selling for Adobe Systems Incorporated.

Adobe Systems Incorporated's stock was acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Shell Asset Management Co., Robeco Institutional Asset Management B.V., Inverness Counsel LLC NY, Rockefeller Financial Services Inc., Meeder Asset Management Inc., Wealth Enhancement Advisory Services LLC and Windward Capital Management Co. CA. View Insider Buying and Selling for Adobe Systems Incorporated.

Shares of Adobe Systems Incorporated can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Adobe Systems Incorporated stock can currently be purchased for approximately $175.64.