Current price places the company’s stock 14.93% away from its 200-day simple moving average, 8.18%, away from the 50-day average and also 6.52% away from 20-day average. Analysts expected revenues of $1.45 billion.
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Adobe Systems (NASDAQ:ADBE) last issued its earnings results on Tuesday, September 20th. Analysts had estimated an EPS of $0.68. Adobe Systems had a net margin of 17.86% and a return on equity of 15.12%. During the same quarter past year, the business earned $0.54 EPS.
In case of Revenue Estimates, 22 analysts have provided their consensus Average Revenue Estimates for Adobe Systems Incorporated as 1.57 Billion.
A number of other research analysts also recently commented on the company.
Adobe Systems Incorporated (NASDAQ:ADBE) has scored 1.38 rating. Vetr lowered shares of Adobe Systems from a “hold” rating to a “sell” rating and set a $102.96 target price for the company.in a report on Wednesday. Citigroup Inc. restated a “buy” rating and issued a $117.00 target price on shares of Adobe Systems in a research report on Wednesday. The mean price target for the shares of company is at $182.53 while the highest price target suggested by the analysts is $205.00 and low price target is $138.00. It has been assigned a low target price of $99 and a high target price of $125. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. Analyst’s mean target price for Dynex Capital Inc.
Adobe Systems gapped open sharply higher Wednesday and climbed during the first hour of trade. During its last trading session, Stock traded with the total exchanged volume of 8.76 million shares.
Adobe Systems Incorporated’s (ADBE) ended its day with a gain of 7.12% and finalized at the price of $107.78. The Company has 52-week high of $108.22 and 52-week low of $71.27. Adobe Systems Incorporated P/E (price to earnings) ratio is 60.89 and Forward P/E ratio of 28.28.
During last 5 trades the stock sticks nearly 9.10%. Also, CFO Mark Garrett sold 26,899 shares of the stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $103.47, for a total transaction of $2,783,239.53. The disclosure for this sale can be found here. Cowen & Company said it Initiates Coverage on Adobe Systems Incorporated, according to a research note issued on Jun 24, 2016.
Several hedge funds have recently made changes to their positions in ADBE. NEXT Financial Group Inc raised its position in Adobe Systems by 57.0% in the second quarter. KAMES CAPITAL plc now owns 116,858 shares of the software company’s stock worth $11,195,000 after buying an additional 53,717 shares during the last quarter. Integrated Investment Consultants LLC raised its position in Adobe Systems by 231.4% in the second quarter. Following the sale, the chief marketing officer now owns 46,828 shares of the company’s stock, valued at $4,326,438.92.
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