Adobe Systems Incorporated (NASDAQ:ADBE) is counting down the minutes until its earnings reveal tonight, and the stock’s short-term options are flying off the shelves at a rapid-fire rate. Analyst’s mean target price for Palatin Technologies Inc. Adobe Systems presently has a consensus rating of Buy and an average price target of $105.64. Finally, Zacks Investment Research cut Adobe Systems from a strong-buy rating to a hold rating in a research report on Friday, August 19th. On these bases, analysts would recommend this stock as an “Active Revolving Stocks”.
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The stock’s price is trading higher to its 52 week low of $71.27 with +38.81% and moving down from its 52 week high price of $104.16 with -5.02%.
ADBE closed Tuesday’s trading at $100.62, up $0.94 or 0.94%, on the Nasdaq. 3,805,131 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $100.36 and its 200 day moving average price is $96.40.
Therefore, Adobe Systems Incorporated is a large market cap stock.
Investors has seen a return of equity of 12.70%. The company earned $1.46 billion during the quarter, compared to the consensus estimate of $1.45 billion.
-Earnings (Q3): $0.38 Bln. vs. $0.28 Bln. a year ago. ( ADBE ) reported earnings for its third quarter that advanced compared to the same period previous year. For the full year, analysts are looking for EPS of $2.87 on revenues of $5.81 billion. 3307490 shares were traded on Adobe Systems Incorporated’s last session. The stock was sold at an average price of $103.47, for a total transaction of $2,783,239.53. The stock failed to cross $99.67 in Fridays trading. The disclosure for this sale can be found here.
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The digital marketing software specialist reported soft second-quarter revenue totals and issued weak guidance back in June. What do you think is the future for Adobe Systems Incorporated? The stock has relative volume of 1.39. PEG perhaps more useful shows that Adobe Systems Incorporated has a value for PEG of 2. Credit Suisse AG now owns 1,195,587 shares of the software company’s stock valued at $114,525,000 after buying an additional 28,459 shares during the last quarter. Martingale Asset Management L P increased its stake in Adobe Systems by 391.1% in the second quarter. The stocks closing price on Thursday was $98.93. Adobe Systems Incorporated (NASDAQ:ADBE): stock was range-bound between the intraday low of $98.32 and the intraday high of $99.67 after having opened at $99.26 on Fridays session. The Company offers products and services used by professionals, marketers, knowledge workers, application developers, enterprises and consumers for creating, managing, delivering, measuring, optimizing and engaging with compelling content and experiences.
