|Bid||374.31 x 800|
|Ask||375.50 x 900|
|Day's range||362.92 - 376.39|
|52-week range||274.73 - 473.49|
|Beta (5Y monthly)||1.23|
|PE ratio (TTM)||32.58|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||24 Mar 2005|
|1y target est||N/A|
Adobe is getting into the generative AI era with its new Firefly platform.
The company, known for its popular photo-editing program, Adobe Photoshop, reported revenue of $4.66 billion for the period ending March 3, which came in slightly better than analyst expectations of $4.62 billion. Its adjusted earnings per share totaled $3.80 was also higher than projections of $3.68.
Adobe (NASDAQ: ADBE) weathered macroeconomic headwinds relatively well in its latest quarter. This video will evaluate Adobe's Q1 results and determine if Adobe stock is a buy right now. *Stock prices used were the afternoon prices of March 16, 2023.