NASDAQ:ADBE - Adobe Stock Price, News, & Analysis

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

Adobe declared that its board has authorized a stock buyback plan on Monday, May 21st 2018, which authorizes the company to buyback $8,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 6.8% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board believes its stock is undervalued.

Adobe Inc (NASDAQ:ADBE) posted its quarterly earnings data on Thursday, September, 13th. The software company reported $1.73 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.69 by $0.04. The software company earned $2.29 billion during the quarter, compared to analysts' expectations of $2.25 billion. Adobe had a net margin of 28.16% and a return on equity of 29.51%. The firm's quarterly revenue was up 24.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.10 earnings per share. View Adobe's Earnings History.

Adobe is scheduled to release their next quarterly earnings announcement on Thursday, December 13th 2018. View Earnings Estimates for Adobe.

Adobe will be holding an earnings conference call on Thursday, December 13th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Adobe updated its fourth quarter earnings guidance on Monday, October, 15th. The company provided earnings per share (EPS) guidance of $1.87 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.89. The company issued revenue guidance of $2.42 billion, compared to the consensus revenue estimate of $2.43 billion.Adobe also updated its Q4 2018 guidance to $1.87-1.87 EPS.

29 brokerages have issued 1 year price targets for Adobe's shares. Their predictions range from $200.00 to $325.00. On average, they anticipate Adobe's stock price to reach $273.7407 in the next twelve months. This suggests a possible upside of 11.6% from the stock's current price. View Analyst Price Targets for Adobe.

29 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Adobe in the last year. There are currently 8 hold ratings and 21 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Adobe.

Press coverage about ADBE stock has trended somewhat positive on Tuesday, according to InfoTrie Sentiment. The research group identifies negative and positive press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Adobe earned a news sentiment score of 1.1 on InfoTrie's scale. They also assigned press coverage about the software company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the next several days.

Some companies that are related to Adobe include Oracle (ORCL), SAP (SAP), salesforce.com (CRM), VMware (VMW), Intuit (INTU), Activision Blizzard (ATVI), ServiceNow (NOW), Dassault Systemes (DASTY), Autodesk (ADSK), Square (SQ), Electronic Arts (EA), CA (CA), Check Point Software Technologies (CHKP), Shopify (SHOP) and Splunk (SPLK).

Adobe's stock is owned by a number of of institutional and retail investors. Top institutional investors include FMR LLC (7.68%), Vanguard Group Inc. (7.59%), BlackRock Inc. (6.96%), Primecap Management Co. CA (4.29%), Bank of New York Mellon Corp (2.19%) and Jennison Associates LLC (1.81%). Company insiders that own Adobe stock include Abhay Parasnis, Amy Banse, Ann Lewnes, Bradley Rencher, Bryan Lamkin, Charles M Geschke, Daniel Rosensweig, David A Ricks, 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.

ADBE stock was sold by a variety of institutional investors in the last quarter, including Polen Capital Management LLC, Janus Henderson Group PLC, Findlay Park Partners LLP, Primecap Management Co. CA, Mitsubishi UFJ Trust & Banking Corp, Standard Life Aberdeen plc, Standard Life Aberdeen plc and Bank of New York Mellon Corp. Company insiders that have sold Adobe company stock in the last year include Abhay Parasnis, Ann Lewnes, Bradley Rencher, Charles M Geschke, Donna Morris, John E Warnock, Mark Garrett, Michael A Dillon, Robert K Burgess and Shantanu Narayen. View Insider Buying and Selling for Adobe.

ADBE stock was bought by a variety of institutional investors in the last quarter, including Morgan Stanley, AQR Capital Management LLC, Edgewood Management LLC, Rehmann Capital Advisory Group, Nordea Investment Management AB, Vanguard Group Inc., Third Point LLC and Glenmede Trust Co. NA. Company insiders that have bought Adobe stock in the last two years include Amy Banse and David A Ricks. 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, Scottrade, Fidelity and Charles Schwab.

One share of ADBE stock can currently be purchased for approximately $245.34.

Adobe has a market capitalization of $116.18 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 employs 17,973 workers across the globe.

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]