219.18 -1.34 (-0.61%)
After hours: 6:59PM EDT
|Bid||219.00 x 100|
|Ask||220.50 x 300|
|Day's range||220.26 - 225.87|
|52-week range||126.01 - 231.34|
|PE ratio (TTM)||58.82|
|Earnings date||14 Jun 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||246.76|
As part of an ongoing digital transformation effort, executives say they’re working to develop AI-powered software that could help call center representatives with customer inquiries.
The specialty retailer’s recent news was good, though there remain concerns about its future. The software stalwart, though, keeps proving it was right to shift to SaaS.
Shares of Adobe Systems (ADBE) jumped nearly 4% through early afternoon trading Tuesday to hit yet another new all-time high as investors continue to ride the software firm's post-Q1 earnings wave.
The Zacks Analyst Blog Highlights: Apple, Adobe, Canadian National, Kellogg and Delta Air Lines
Growing subscription for cloud applications and strong demand for innovative products help Adobe's (ADBE) stock rally to a new 52-week high.
What Drove Adobe Stock to All-Time High? Earlier in the series, we discussed the factors that enabled Adobe’s (ADBE) stock to rise ~70% in the last one year. RBC Capital Markets reiterated its “outperform” rating on Adobe’s stock and raised its price target to $235 from the previous $208.
What Drove Adobe Stock to All-Time High? Earlier in the series, we discussed the factors that make Adobe (ADBE) one of the “cloud kings.” In fiscal 2017, which ended December 1, 2017, Adobe’s revenue surged 25% to $7.3 billion, while its net income jumped 45% to ~$1.7 billion. Thus, in the last couple of years, Adobe has not only managed to increase its top line but also its bottom line through efficient cost control, which has led to margin expansion and profitability.
U.S. stocks edged higher Friday as gains from energy companies, industrial firms and smaller companies helped the market end a modest losing streak. Oil and gas companies climbed along with the price of ...
Adobe stock received price-target hikes from at least 15 Wall Street firms following the company's earnings report.
Stocks that moved substantially or traded heavily Friday: Overstock.com Inc., down $2.50 to $45.70 The online discount retailer said it will take losses and ramp up its growth to compete with rival Wayfair. ...
President Trump blocked Broadcom's bid to buy Qualcomm and moved toward China tariffs. Boeing tumbled as stocks drifted lower. Adobe earnings were hot.
The stock market looked poised to end the week on solid ground Friday as several Dow stocks outperformed with gains of 1% more.
Overstock.com shares tumble, Broadcom shares lower, and Adobe shares beat on top and bottom lines
Just days ago, President Trump shot down Broadcom’s (AVGO) unsolicited bid for Qualcomm. Shares of Adobe (ADBE) are looking pretty this morning. The company’s CEO credits higher subscription fees and increased use of its entire Creative Cloud Suite for the boost.
What Drove Adobe Stock to All-Time High? Earlier in the series, we discussed the factors and offerings that are expected to drive Adobe’s (ADBE) growth in fiscal 2018. Earlier this week, Jim Cramer, host of CNBC’s “Mad Money,” highlighted a new stock selection in the tech space that he calls “the cloud kings.” He gave this distinction to seven software companies “that are transforming the way their customers do business.” Adobe, ServiceNow (NOW), Red Hat (RHT), VMware (VMW), Splunk (SPLK), and Workday (WDAY) made Cramer’s list.
Stocks held modest gains in early trade Friday, as the Nasdaq looked to halt its recent slide. Adobe Systems hit a new high.