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Adobe (ADBE -6.1%) dives thanks to the soft FQ3 guidance included within its FQ2 report; JMP and...
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Wednesday, June 20, 2012, 9:47 AM ETAdobe (ADBE -6.1%) dives thanks to the soft FQ3 guidance included within its FQ2 report; JMP and Atlantic Securities are downgrading shares in response. Also, Credit Suisse (Neutral) is worried the implied guidance for FQ4 is "relatively aggressive." During its earnings call, Adobe boasted promotions helped it end FQ2 with over 90K paid subs for its closely-watched Creative Cloud platform, and that 65% of paid subs are subscribing to the entire Creative Cloud suite.
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