Adobe Systems Incorporated (NASDAQ:ADBE) has received a short term rating of hold from experts at Zacks with a rank of 3. The weekly performance of the company stands at 1.06 percent while it’s 1-month and 3-month returns are 2.2 percent and 5.94 percent.
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Digital media and marketing software firm Adobe Systems (ADBE) late Tuesday posted better-than-expected Q2 EPS and sales that were roughly in line with views, but investors focused on Adobe’s sales guidance, which missed Wall Street’s target.
Facebook Inc (NASDAQ:FB) has inked contracts with almost 140 media companies and celebrities to create videos for its nascent live-streaming service, as the social network positions itself to cash in on a lucrative advertising market it has yet to tap-and keep its 1.65 billion monthly users engaged.
Based on thoughts of “22” analysts offering EPS predictions for the company’s current quarter earnings, the average EPS figure is determined at $0.68 with a high EPS estimate of $0.72 and a low EPS estimate of $0.66.
Adobe Systems Incorporated (NASDAQ;ADBE) stock stumbled almost 5% in extended trading yesterday after the company released its second quarter of 2016 earnings.
Over the last twelve months Adobe Systems’s share price has increased from 82.28 to 94.45, changing by 14.79%.
Morgan Stanley analyst Keith Weiss and team said Adobe’s results were about as they expected but could be less than what’s needed They have an Equal-weight rating and $100 per share price target on the company’s stock. Post opening the session at $98.64, the shares hit an intraday low of $98.13 and an intraday high of $99.92 and the price vacillated in this range throughout the day.
Excluding one-time items (including stock-based compensation, amortization of intangibles, and restructuring charges), adjusted (non-GAAP) net income climbed 47.7% year over year, to $357.4 million, or $0.71 per diluted share. It was an earnings surprise of 8.00%percent. The company has a market cap of $49.84 billion. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
Adobe Systems Incorporated (Adobe) is a software company.
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Management is optimistic about Creative Cloud adoption and expects to build a strong pipeline for potential Creative Cloud paid subscribers through marketing programs, trial downloads and free memberships. The Companys operates in three segments: Digital Marketing, Digital Media, and Print and Publishing. Its Digital Marketing segment provides solutions and services for how digital advertising and marketing are created, managed, executed, measured and optimized. Their record income reflects their market leadership and exploding demand for digital experience solutions. Adobe’s Print and Publishing segment addresses various market opportunities including eLearning solutions technical document publishing Web application development and high-end printing.
