NASDAQ:ADBE - Adobe Stock Price, Forecast & News

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

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

Adobe Inc (NASDAQ:ADBE) announced its quarterly earnings data on Thursday, December, 12th. The software company reported $2.29 earnings per share for the quarter, topping analysts' consensus estimates of $2.26 by $0.03. The software company had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $2.97 billion. Adobe had a return on equity of 31.47% and a net margin of 26.42%. The company's revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.83 EPS. View Adobe's Earnings History.

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

Adobe issued an update on its FY20 earnings guidance on Thursday, December, 12th. The company provided earnings per share guidance of $9.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $9.76. The company issued revenue guidance of $13.15 billion, compared to the consensus revenue estimate of $13.14 billion.

27 brokers have issued twelve-month target prices for Adobe's shares. Their forecasts range from $280.00 to $410.00. On average, they expect Adobe's stock price to reach $337.79 in the next twelve months. This suggests that the stock has a possible downside of 11.0%. View Analyst Price Targets for Adobe.

27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Adobe in the last year. There are currently 8 hold ratings and 19 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Adobe.

Press coverage about ADBE stock has trended very negative this week, according to InfoTrie. InfoTrie ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. 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 coverage optimism score of -3.0 on InfoTrie's scale. They also gave press coverage 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 next few days. View News Stories for Adobe.

Adobe saw a drop in short interest during the month of January. As of January 31st, there was short interest totalling 5,230,000 shares, a drop of 22.5% from the January 15th total of 6,750,000 shares. Based on an average trading volume of 2,280,000 shares, the short-interest ratio is presently 2.3 days. Currently, 1.1% of the shares of the company are sold short. View Adobe's Current Options Chain.

Some companies that are related to Adobe include salesforce.com (CRM), Intuit (INTU), Autodesk (ADSK), Workday (WDAY), Splunk (SPLK), Synopsys (SNPS), ANSYS (ANSS), Cadence Design Systems (CDNS), SS&C Technologies (SSNC), Citrix Systems (CTXS), Tyler Technologies (TYL), Fair Isaac (FICO), FactSet Research Systems (FDS), Guidewire Software (GWRE) and Aspen Technology (AZPN).

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), Mastercard (MA), Visa (V), Walt Disney (DIS) and Intel (INTC).

Adobe's stock is owned by many different of retail and institutional investors. Top institutional investors include FMR LLC (7.36%), State Street Corp (4.13%), Bank of New York Mellon Corp (1.75%), Jennison Associates LLC (1.53%), Massachusetts Financial Services Co. MA (1.39%) and Edgewood Management LLC (1.10%). 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 and Shantanu Narayen. View Institutional Ownership Trends for Adobe.

ADBE stock was sold by a variety of institutional investors in the last quarter, including Melvin Capital Management LP, FMR LLC, Point72 Asset Management L.P., Fred Alger Management LLC, Bank of New York Mellon Corp, AQR Capital Management LLC, First Trust Advisors LP and Prudential Financial Inc.. 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 and Mark S Garfield. View Insider Buying and Selling for Adobe.

ADBE stock was bought by a variety of institutional investors in the last quarter, including Johanson Financial Advisors Inc., Amundi Pioneer Asset Management Inc., SG Americas Securities LLC, Marshall Wace North America L.P., UBS Asset Management Americas Inc., BNP PARIBAS ASSET MANAGEMENT Holding S.A., Thrivent Financial for Lutherans and KBC Group NV. 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, Robinhood, Fidelity and Charles Schwab.

One share of ADBE stock can currently be purchased for approximately $379.67.

Adobe has a market capitalization of $183.05 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.

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]