News stories about Adobe (NASDAQ:ADBE) have trended somewhat positive this week, according to InfoTrie. InfoTrie scores the sentiment of press coverage by reviewing more than 6,000 blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Adobe earned a media sentiment score of 2.00 on their scale. InfoTrie also assigned media stories about the software company an news buzz score of 10 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company’s share price in the next few days.
Here are some of the news stories that may have impacted Adobe’s analysis:
A number of analysts have recently commented on ADBE shares. Wells Fargo & Co restated a “hold” rating and issued a $275.00 price objective (up from $250.00) on shares of Adobe in a research report on Wednesday. Rosenblatt Securities reaffirmed a “buy” rating and issued a $280.00 price target on shares of Adobe in a research note on Friday, March 29th. Canaccord Genuity lifted their price target on Adobe from $290.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. DZ Bank reaffirmed a “hold” rating on shares of Adobe in a research note on Friday, February 22nd. Finally, Barclays reaffirmed a “buy” rating and issued a $304.00 price target on shares of Adobe in a research note on Monday, March 18th. Ten investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $300.70.
NASDAQ ADBE opened at $302.11 on Friday. The firm has a market cap of $142.10 billion, a price-to-earnings ratio of 54.43, a P/E/G ratio of 2.84 and a beta of 1.12. The company has a current ratio of 0.70, a quick ratio of 0.97 and a debt-to-equity ratio of 0.10. Adobe has a fifty-two week low of $204.95 and a fifty-two week high of $302.66.
Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Tuesday, June 18th. The software company reported $1.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.05. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.70 billion. Adobe had a return on equity of 29.96% and a net margin of 26.25%. The firm’s revenue for the quarter was up 25.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.66 earnings per share. Equities analysts anticipate that Adobe will post 6.24 EPS for the current year.
In other Adobe news, EVP Ann Lewnes sold 3,000 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $269.82, for a total transaction of $809,460.00. Following the transaction, the executive vice president now owns 61,458 shares of the company’s stock, valued at $16,582,597.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Donna Morris sold 13,804 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $270.00, for a total value of $3,727,080.00. Following the transaction, the executive vice president now directly owns 5,603 shares in the company, valued at approximately $1,512,810. The disclosure for this sale can be found here. Insiders have sold 52,981 shares of company stock worth $14,744,006 in the last three months. 0.32% of the stock is currently owned by corporate insiders.
Adobe Company Profile
Adobe Inc operates as a diversified software company worldwide. Its Digital Media segment provides tools and solutions that enable individuals, small and medium businesses, and enterprises to create, publish, promote, and monetize their digital content. Its flagship product is Creative Cloud, a subscription service that allows customer to download and access the latest versions of its creative products.
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