Media headlines about Adobe (NASDAQ:ADBE) have trended somewhat positive on Tuesday, according to InfoTrie. The research firm ranks the sentiment of media coverage by reviewing more than 6,000 blog and news sources in real-time. The firm ranks coverage of publicly-traded 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 0.63 on their scale. InfoTrie also assigned news headlines about the software company an news buzz score of 0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company’s share price in the near future.
These are some of the news stories that may have impacted Adobe’s ranking:
- The Missed Opportunity for Better Adobe-to-PLM Integration – Which PLM (whichplm.com)
- Pick up a $10 Amazon gift card when you subscribe to Adobe Creative Cloud – 9to5Toys (9to5toys.com)
- Cyber Monday sales on track to his $9.4B, Adobe Analytics predicts (upi.com)
- Adobe Data Shows Record Cyber Monday with $9.2 Billion in Online Sales (theblog.adobe.com)
- Cyber Monday sales expected to hit $9.4B: Adobe – Yahoo Finance (finance.yahoo.com)
Shares of NASDAQ ADBE traded up $0.04 during midday trading on Tuesday, reaching $302.79. 1,053,847 shares of the company traded hands, compared to its average volume of 2,095,197. The firm has a market cap of $149.84 billion, a PE ratio of 54.56, a PEG ratio of 2.98 and a beta of 1.11. The stock’s 50-day simple moving average is $286.37 and its 200-day simple moving average is $286.87. Adobe has a 12 month low of $204.95 and a 12 month high of $313.11. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.74 and a current ratio of 0.74.
Adobe (NASDAQ:ADBE) last posted its earnings results on Tuesday, September 17th. The software company reported $2.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.97 by $0.08. The business had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.82 billion. Adobe had a net margin of 26.10% and a return on equity of 30.49%. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.73 EPS. On average, equities research analysts expect that Adobe will post 6.39 EPS for the current year.
ADBE has been the topic of a number of research reports. ValuEngine lowered shares of Adobe from a “hold” rating to a “sell” rating in a research report on Monday, November 4th. Nomura decreased their price target on shares of Adobe from $315.00 to $310.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. JMP Securities restated a “hold” rating on shares of Adobe in a report on Wednesday, September 18th. Royal Bank of Canada upped their price objective on shares of Adobe to $345.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Finally, Stephens set a $327.00 target price on shares of Adobe and gave the company a “buy” rating in a research note on Wednesday, September 18th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $304.92.
In related news, CMO Ann Lewnes sold 3,000 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $269.71, for a total transaction of $809,130.00. Following the completion of the sale, the chief marketing officer now directly owns 49,148 shares of the company’s stock, valued at approximately $13,255,707.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders have sold 9,000 shares of company stock worth $2,533,770. 0.32% of the stock is 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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