Adobe Systems Incorporated stock price

Adobe Systems Incorporated latest news:


  • 10/19/2017 10:06:35

    Adobe jumps more than 10% to record high after raising outlook

    Adobe Systems Inc. stock hit record highs in Thursday's session, after the software company provided preliminary forecasts for its 2018 fiscal year Wednesday afternoon. At its annual Adobe Max conference in Las Vegas, executives said they expect revenue to increase 20% in 2018 to about $8.7 billion and adjusted earnings to increase to $5.50 a share from this year's estimated annual total $3.75 a share. Analysts had expected profit in 2018 to be about $5.20, according to average estimates compiled by FactSet, though that average was quickly moving higher as notes poured in Thursday morning. "Better FY18 guidance, pricing power and pace of innovation reminds us how good a business Adobe is," praised RBC Capital Markets analysts, who raised their price target to $177 from $157 and maintained an outperform rating. Adobe shares moved as high as $170.29 in Thursday's morning trading session, 11.3% higher than Wednesday's closing price and an all-time intraday record. Adobe shares have gained 64.8% this year, as the S&P 500 has increased 14.4%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/18/2017 14:31:32

    Adobe shares rally after company outlook

    Shares of Adobe Systems Inc. rose more than 5% late Wednesday after the company announced fiscal 2018 revenue and earnings targets slightly above Wall Street expectations. Adobe said it expects revenue of about $8.7 billion for fiscal 2018, a 20% increase over fiscal 2017 sales, and adjusted earnings of $5.50 a share for the year. Analysts polled by FactSet expect fiscal 2018 earnings of $5.20 a share on sales around $8.6 billion. The company also called for a 20% year-over-year growth for its cloud bookings. The outlook reflects "our continued momentum and leadership," Chief Executive Shantanu Narayen said in a statement. Adobe said it was on track for fiscal 2017 fourth-quarter revenue of $1.95 billion and fourth-quarter adjusted earnings of $1.15 a share. The analysts surveyed by FactSet expect fourth-quarter earnings of $1.16 a share on sales of $1.95 billion.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/16/2017 10:27:04

    UPDATE 1-Adobe warns that hackers are exploiting its Flash software

    TORONTO, Oct 16 (Reuters) - Adobe Systems Inc warned on Monday that hackers are exploiting vulnerabilities in its Flash multimedia software platform in web browsers, and the company urged users to quickly patch their systems to prevent such attacks.

  • 09/19/2017 14:34:55

    UPDATE 1-Adobe revenue beats on subscriber additions

    Sept 19 (Reuters) - Adobe Systems Inc reported better-than-expected quarterly revenue, driven by subscriber additions to Creative Cloud, a package of software tools that houses Photoshop, and forecast fourth quarter revenue in line with estimates.

  • 09/19/2017 14:19:37

    Adobe results top Street view, shares slip

    Adobe Systems Inc. shares slipped in the extended session Tuesday even after the software company topped Wall Street estimates for the quarter. Adobe shares declined 1% to $154.99 after hours. The company reported third-quarter net income of $419.6 million, or 84 cents a share, compared to $270.8 million, or 54 cents a share, in the year-ago period. Adjusted earnings were $1.10 a share. Revenue rose to $1.84 billion from $1.46 billion in the year-ago period. Analysts surveyed by FactSet had estimated $1.01 a share on revenue of $1.82 billion.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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