Is Adobe Stock a Buy Now?
Adobe's (NASDAQ: ADBE) stock price dipped 5% during after-hours trading on June 16 following the release of its second-quarter earnings report. The cloud-based software company's revenue rose 14% year over year (15% in constant currency terms) to $4.39 billion, which beat analysts' expectations by $40 million. For the full year, Adobe expects its revenue to rise 12% to $17.65 billion, and for its adjusted EPS to increase 8%.