ADBE News and Headlines - Adobe Inc

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Firm also upped FibroGen stake in December

Media-shy investment firm PRIMECAP Management (Trades, Portfolio) revealed earlier this week it curbed its stakes in two companies and added to its position in another on Dec. 31.

The California-based firm, which was founded in 1983, manages the Odyssey Funds. It seeks to provide long-term capital appreciation by investing in companies with stronger growth potential than their valuations suggest and that trade at reasonable prices.

According to GuruFocus Real-Time Picks, a Premium feature, Primecap reduced its Cree Inc. (CREE) stake by 46.45% and its BioMarin Pharmaceutical Inc. (BMRN) position by 0.24%. Its holding of FibroGen Inc.

246 Views    Sydnee Gatewood    2021-01-08 17:21
Highest year-to-date returns of top guru stocks

In GuruFocus' Most Broadly Held Portfolio, the top-performing stocks as of this year include Apple Inc. (AAPL), Amazon.com Inc. (AMZN), Adobe Inc. (ADBE), Microsoft Corp. (MSFT) and KKR & Co. Inc. (KKR). Each of these stocks is rounding out 2020 with at least a 35% year-to-date change.

Back in 2006, GuruFocus began tracking the most broadly held stocks across all guru holdings. By tracking these stocks, GuruFocus hopes to answer questions regarding what types of returns can be gained by investing like gurus. The top 25 of these stocks were compiled to form the Most Broadly Held Portfolio and

1473 Views    Graham Griffin    2020-12-30 22:22
The 2 most recent deals contribute to the company's inorganic growth and distribution network

Introduction

Wayside Technology Group (WSTG) is a relatively small IT distributor. The company operates through two different subsidiaries: Climb Channel Solutions, mostly focused on Software distribution, and TechXtend, an IT solution provider specializing in the areas of security, virtualization and datacenter infrastructure.

An IT distributor is basically a company which connects software (or other IT products or services) vendors with a network of resellers, consultants and systems integrators.
Climb Channel Solutions, Wayside´s software distribution business, is currently offering to its clients products from 120 different technology vendors.

As of the writing of this article, the company has a market

632 Views    Nicola Guida    2020-12-27 19:27
Earnings and revenue surpass projections, grow year over year

Adobe Inc. (ADBE) released its fourth-quarter results before the market opened on Dec. 10. The software provider posted strong results, surpassing earnings and revenue expectations.

Earnings highlights

Adobe registered adjusted earnings per share of $2.81 for the fourth quarter, which grew roughly 23% on a year-over-year basis. Analysts had anticipated earnings of $2.66 per share.

Revenue of $3.42 billion inched up 14% from the prior-year quarter and beat expectations of $3.36 billion. The robust growth was due to strong demand for the company's Adobe Document Cloud and Adobe Experience Cloud products.

Reflecting on fiscal year 2020 and the latest quarter,

72 Views    Mayank Marwah    2020-12-10 20:17
The stock is relatively unmoved despite topping earnings estimates

Shares of Adobe Inc. (ADBE) remained shaky on Thursday morning. The creative software company reported its fiscal fourth-quarter and full-year 2020 results that topped analysts' expectations for both revenue and earnings.

The company's stock edged down 1.53% on Thursday morning despite the earnings beat. Shares are now up 68% since bottoming in March and 44% year to date. Adobe appears to be overvalued based on the Peter Lynch earnings line.

Highlights from recent quarterly results

For the fourth quarter, Adobe reported adjusted earnings per share grew 22.7% to $2.81. Revenue increased 14%

142 Views    Nicholas Kitonyi    2020-12-10 20:00
Firm still has significant stakes in both companies

Media-shy investment firm PRIMECAP Management (Trades, Portfolio) revealed late last week it curbed its stakes in Whirlpool Corp. (WHR) and United Airlines Holdings Inc. (UAL).

The California-based firm, which was founded in 1983, manages the Odyssey Funds. It seeks to provide long-term capital appreciation by investing in companies with stronger growth potential than their valuations suggest and that trade at reasonable prices.

According to GuruFocus Real-Time Picks, a Premium feature, Primecap reduced its Whirlpool stake by 12.49% and its United Airlines position by 4.75% on Oct. 31.

Whirlpool

The firm sold 867,850 shares of Whirlpool, impacting

204 Views    Sydnee Gatewood    2020-11-09 17:17
These companies are more profitable than most of the competitors

When a company's return on equity (ROE) ratio outperforms the majority of its competitors, it usually implies that the company has been better than others in producing net profits.

Thus, investors may want to have a look at the following stocks, as they are outperforming most of their peer companies in terms of a higher ROE ratio.

Microsoft Corp

The first stock investors may want to have a look at is Microsoft Corp (MSFT), a Redmond, Washington-based developer, manufacturer, licensor and seller of computer software, personal computers and consumer electronics.

Microsoft Corp has a ROE ratio of 40.2%, outperforming

155 Views    Alberto Abaterusso    2020-11-06 16:04
The stock is down 6%

Shares of Progress Software Corp. (PRGS) are down 6% following the release of its third-quarter results after the closing bell on Sept. 29.

After factoring in Wednesday's pullback, the company's stock is up 20% since bottoming on March 18. However, it is still down about 16% this year, which means there could still be room left to run before the end of the year.

Nonetheless, the current share price appears to be overvaluing the company relative to the Peter Lynch earnings line.

In a statement, Chief Financial Officer Anthony Folger

72 Views    Nicholas Kitonyi    2020-09-30 18:51
The company saw revenue growth year over year

Adobe Inc. (ADBE) released its third-quarter results after the market closed on Sept. 15. The software provider posted strong results, surpassing earnings and revenue expectations.

Earnings highlights

Adobe registered adjusted earnings per share of $2.57 in the third quarter, which grew 25% on a year-over-year basis. Analysts had anticipated earnings of $2.41 per share. Revenue of $3.23 billion inched up 14% from the prior-year quarter and beat expectations of $3.16 billion. The robust growth in the metric was due to strong demand for the company's Adobe Document Cloud and Adobe Experience Cloud products. In addition, strong growth in the cloud

65 Views    Mayank Marwah    2020-09-16 19:26
The design software giant reported yet another solid result as it continues its phenomenal growth story

Design software is a space that has been relatively unhampered by the Covid-19 pandemic, and market leader Adobe Inc. (ADBE) is no exception to the rule. The San Jose, California-based company has acquired a monopolistic position in the design software market with products such as Photoshop, Illustrator, InDesign, Dreamweaver, Flash, Acrobat, Fireworks and more. It has been among the few global companies to benefit significantly from the Covid-19 pandemic and has witnessed genuine tailwinds which have been evident in its past few results.

Financial results

Adobe reported yet another fantastic result for its third quarter of fiscal 2020, outperforming analyst

281 Views    Ishan Majumdar    2020-09-16 15:53
US markets green, shares of Adobe fall on earnings report

US Markets

U.S. stocks were in the green on Wednesday, with investors expecting continued low rates to be announced on the Federal Open Market Committee's (FOMC) September monetary policy statement. The Dow gained 0.26% to 28,069, the S&P 500 index rose 0.27% to 3,410 and the Nasdaq Composite Index was up 0.19% to 11,211.

Gainers

• Tapestry, Inc. (TPR) +8.3%

• FedEx Corporation (FDX) +7.5%

• Under Armour, Inc. (UA) +3.2%

• Kohl's Corporation (KSS) 0.9%

Losers

• Wynn Resorts, Limited (WYNN) -5%

• Tesla, Inc (TSLA) -2%

• Host Hotels & Resorts, Inc. (HST) -0.7%

• BorgWarner Inc.

65 Views    Omar Venerio    2020-09-16 14:23
Nasdaq gains 1.21%

The Dow Jones Industrial Average closed at 27,995.60 on Tuesday with a gain of 2.27 points or 0.01%. The S&P 500 closed at 3,401.20 for a gain of 17.66 points or 0.52%. The Nasdaq Composite closed at 11,190.32 for a gain of 133.67 points or 1.21%. The VIX Volatility Index was lower at 25.59 for a loss of 0.26 points or -1.01%.

Tuesday's market movers

The major U.S. indexes all closed higher again Tuesday, led by technology. Both semiconductors and biotech led the tech gains.

Stock highlights included:

  • Square (SQ) reported a gain of 8% after news of payroll
115 Views    Julie Young    2020-09-15 21:29
I see very few chief executives stepping up to buy their own stock this summer, but I see scads of sellers

I see very few chief executives stepping up to buy their own stock this summer, but I see scads of sellers.

Corporate chieftains usually talk bullishly about their companies' prospects. But if they're selling some of their shares, it's worth thinking twice.

Of course, there are many reasons to sell. The biggest reason is to avoid being totally reliant on one stock. An executive may also be buying a home, getting divorced or sending a kid to college.

But no matter how you slice it, insider selling isn't a bullish sign. If the boss is lightening up, maybe you should

304 Views    John Dorfman    2020-09-15 14:04
Nasdaq 100 gains 2.13%

The Dow Jones Industrial Average closed at 28,331.92 on Wednesday with a gain of 83.48 points or 0.30%. The S&P 500 closed at 3,478.73 for a gain of 35.11 points or 1.02%. The Nasdaq Composite closed at 11,665.06 for a gain of 198.59 points or 1.73%. The VIX Volatility Index was higher at 23.20 for a gain of 1.17 points or 5.31%.

Wednesday's market movers

U.S. stocks gained again on Wednesday. The S&P 500 and Nasdaq both posted another day of new closing highs. Large-cap tech stocks led the day's gains with the Nasdaq 100 increasing 2.13%. Top gainers in

164 Views    Julie Young    2020-08-26 20:48
Pharmacy retailer continues to see lower foot traffic and increased expenses

Before the market opened on July 9, Walgreens Boots Alliance Inc. (WBA) announced its earnings results for its third quarter of fiscal 2020, which ended on May 31.

The pharmacy retailer fell short of analysts’ earnings estimates and its earnings from the prior-year quarter, causing shares to drop 7.76% over the course of the day’s trading.

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Earnings results

Walgreens reported a 0.1% increase in revenue to $34.6 billion compared to the prior-year quarter, but it reported a negative bottom line, with a net loss of $1.71 billion, or $1.95 per share, down from earnings

275 Views    Margaret Moran    2020-07-09 22:22
Sometimes a moat is just as important to keep customers in as it is to keep competition out

In 1864, Ulysses S. Grant became commander of all Union forces. Choosing to lead while attaching himself to the Army of the Potomac, several senior officers started warning him about how gifted Robert E. Lee – commander of the opposing Confederate Army of Northern Virginia – was and how he could do things no other general could conceive. After hearing these claims just a little too much, Grant finally burst out saying, “Let’s stop worrying about what Lee does, and worry about what we are going to do to beat him.” In the end, of course, Grant forced Lee to

257 Views    Thomas Macpherson    2020-06-23 21:14
Software giant will gain technology for monitoring security vulnerabilities in corporate hardware

In a move to help fulfill a $5 billion internet of things commitment made in 2018, Microsoft Corp. (MSFT) announced on June 22 it is acquiring cybersecurity startup CyberX Inc., which specializes in internet-connected industrial equipment, to “accelerate and secure customers’ IoT deployments.”

While the specifics of the deal were not disclosed, the Redmond, Washington-based software giant will gain additional technology for monitoring corporate hardware like alarms, cameras, phones and industrial control systems for security vulnerabilities.

In a blog post, Microsoft corporate vice presidents Michal Braverman-Blumenstyk and Sam George wrote the Waltham, Massachusetts-based startup’s technology will “complement” the existing

209 Views    Sydnee Gatewood    2020-06-22 16:17
Several stocks have achieved an annual milestone

According to GuruFocus, these stocks have reached their 52-week highs.

Bilibili reached the 52-week high of $41.53

Bilibili Inc. (BILI) is a full-spectrum online entertainment company. It operates as a video sharing website that covers a range of genres and media formats. Geographically, the company is based in China and it generates revenues from mobile games, e-commerce, live broadcasting and online advertising.

The price of Bilibili shares has reached $41.53, which is 1.1% off the 52-week high of $42. The company has a market cap of $14.35 billion; its shares were traded around $41.53

87 Views    yifan900    2020-06-18 21:21
Bitauto Holdings, Adobe shares up on financial results

Shares of Bitauto Holdings Ltd. (BITA) gained almost 10% on Friday after reporting first-quarter revenue of $245.5 million and an earnings loss of $1.27 per share. Earnings fell 47 cents short of analysts' estimates, but beat revenue expectations by $0.84 million.

CEO Andy Zhang had the following to say:

"The COVID-19 outbreak and subsequent nationwide lockdown contributed to a significant year-over-year decline in new passenger vehicle sales for the first quarter of 2020, adversely impacting our advertising and transaction businesses. However, we were pleased that our key operational metrics maintained stable growth despite the challenging situation."

Revenue from

71 Views    Omar Venerio    2020-06-12 19:01
Company posts earnings beat, but revenue falls short

Adobe Inc. (ADBE) released its second-quarter results after the market closed on June 11. The software company beat earnings estimates, but missed revenue expectations.

Earnings highlights

The San Jose, California-based company posted adjusted earnings of $2.45 per share, which exceeded the $1.83 per share reported in the year-ago quarter. Analysts had anticipated earnings of $2.32 per share. Revenue of $3.13 billion grew 14% from the prior-year quarter, but fell short of expectations.

Reflecting on the company’s performance, President and CEO Shantanu Narayen said:

“Adobe’s strategy to empower customers to create the world’s content, automate critical document processes and enable

98 Views    Mayank Marwah    2020-06-12 18:34

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