Adobe Systems Incorporated (ADBE) - NASDAQ
  • Tue, Jun. 21, 5:35 PM
    • Top gainers, as of 5.25 p.m.: SPU +23.1%. SCTY +22.2%. VSLR +6.4%. BCEI +6.0%. NSR +5.3%.
    • Top losers, as of 5.25p.m.: IBN -14.8%. TSLA -9.8%. ADBE -4.2%. UNT -4.1%. HPQ -3.6%.
    | Tue, Jun. 21, 5:35 PM | 2 Comments
  • Tue, Jun. 21, 5:18 PM
    • Adobe (NASDAQ:ADBE-4.1% AH despite beating Q2 earnings estimates, as it forecasts Q3 revenue of $1.42B-$1.47B, largely below the average analyst outlook for $1.47B; Q3 EPS guidance of $0.69-$0.75 is in line with $0.71 consensus.
    • ADBE's Q2 revenue reflected an increase for the ninth consecutive quarter, rising more than 20% Y/Y to a hair below $1.4B from $1.16B, in line with expectations; revenue from the digital media business, which houses Creative Cloud, jumped 26% to $943M.
    • The company’s annualized recurring revenue in digital media rose to $3.41B, about as analysts had expected.
    • ADBE also says that, based on two quarters’ results, “we’re on track to meet or exceed all of our annual fiscal year 2016 targets."
    • For the full year, ADBE reaffirms EPS guidance of ~$2.80 vs. $2.84 analyst consensus estimate, on revenue of ~$5.8B vs. $5.83B consensus.
    | Tue, Jun. 21, 5:18 PM
  • Tue, Jun. 21, 4:06 PM
    • Adobe Systems (NASDAQ:ADBE): FQ2 EPS of $0.71 beats by $0.03.
    • Revenue of $1.4B (+20.7% Y/Y) in-line.
    • Shares -3%.
    • Press Release
    | Tue, Jun. 21, 4:06 PM | 5 Comments
  • Mon, Jun. 20, 5:35 PM
  • Thu, May 19, 12:18 PM
    • Adobe (ADBE -1.1%) has named Cynthia Stoddard its chief information officer, effective June 13.
    • She'll be taking charge of an infrastructure supporting Adobe's cloud businesses (including Creative Cloud, Marketing Cloud and Document Cloud). The company has estimated that Marketing Cloud revenue (which came in at $377M last quarter) will grow around 20% this year.
    • Most recently, Stoddard was chief information officer at NetApp. Along with her infrastructure responsibilities, she'll lead a global service delivery strategy.
    • Now read Adobe Targets Sketch, Axure And JustInMind »
    | Thu, May 19, 12:18 PM
  • Tue, May 10, 2:48 PM
    • Marketo (NASDAQ:MKTO) has resumed trading after a volatility halt, spiking up 15.5% on reports that it's considering strategic options, including a possible sale of the company.
    • Shares had moved in early April on similar talk, possibly with acquisition interest from Microsoft or SAP.
    • Later last month, Bernstein speculated that most likely acquirers were SAP, Adobe (NASDAQ:ADBE) and Microsoft (NASDAQ:MSFT).
    • Now read Competition The Issue As Marketo Pivots To Enterprise »
    • »
    | Tue, May 10, 2:48 PM
  • Tue, May 3, 2:38 PM
    • Adobe Systems (ADBE -1.1%) is acquiring audience-engagement firm Livefyre -- which runs a number of site communities around the Web -- with intent to incorporate it across Adobe Marketing Cloud.
    • Terms weren't disclosed. Livefyre's platform is designed to allow brands and publishers to manage user generated content (including from social platforms like Twitter and Facebook) and direct it not only to sites but to ads, apps, emails, etc.
    • Livefyre will be incorporated into Adobe Experience Manager and used to make content available across the company's eight digital marketing solutions. “With this acquisition our customers will be able to unify the best social media content with branded experiences created in Adobe Creative Cloud and community-driven content in Adobe Behance and Adobe Stock," says Adobe's Aseem Chandra.
    • Now read Why Adobe Is Not Suffering From Flash Meltdown »
    | Tue, May 3, 2:38 PM
  • Fri, Apr. 8, 6:21 AM
    • Adobe Systems (NASDAQ:ADBE) is issuing an emergency update to its widely used Flash software for Internet browsers after researchers discovered a security flaw that was being exploited to deliver ransomware.
    • More than the 1B users of Flash on Windows, Mac, Chrome and Linux computers should update the product as quickly as possible, the company said in a statement.
    • Ransomware schemes have boomed in recent months, with increasingly sophisticated techniques and tools used in such operations.
    | Fri, Apr. 8, 6:21 AM | 1 Comment
  • Mon, Mar. 28, 4:36 PM
    • "In an environment of low rates and modest economic conditions, growth equities will outperform the general market," Janus's Mark Pinto - whose $13B Janus Balanced Fund has beaten 96% of peers over the past 10 years - says.
    • His 5 survival stocks:
    • Boeing (NYSE:BA): China demand for planes is the bull thesis here.
    • Alphabet (NASDAQ:GOOG): Digital advertising.
    • Microsoft (NASDAQ:MSFT): He likes MSFT's cloud infrastructure.
    • Adobe (NASDAQ:ADBE): Plenty of upside.
    • Mastercard (NYSE:MA): Pinto's favorite company in the payment space.
    • While Pinto admits none of these stocks are hidden gems, he maintains that their valuations are favorable compared to those of broader indices.
    | Mon, Mar. 28, 4:36 PM | 23 Comments
  • Wed, Mar. 23, 6:21 PM
    • ValueAct Capital discloses it sold 2.11M Adobe (NASDAQ:ADBE) shares third week at prices ranging from $92.60-$92.90. The firm still owns 9.66M shares, good for a ~2% stake.
    • The news comes a month after Adobe disclosed ValueAct partner Kelly Barlow and two other directors won't stand for re-election at the company's annual meeting. It also comes less than a week after Adobe rallied in the wake of an FQ1 beat and strong FY16 guidance.
    • Adobe is unchanged after hours.
    | Wed, Mar. 23, 6:21 PM | 1 Comment
  • Tue, Mar. 22, 2:50 PM
    • ComScore (SCOR +1.2%) and Adobe (ADBE +0.5%) have come to a deal for comScore to use the popular Adobe Certified Metrics in tracking digital TV and ads.
    • In return, comScore audience data (including demographics) will be made available to clients using Adobe's Marketing Cloud.
    • ComScore has hopes of presenting formidable competition for ratings giant Nielsen, which came to its own deal last fall with Adobe to build a cross-platform digital measurement system.
    • Along with its annual summit, Adobe said it would extend its Primetime product to help measure and monetize over-the-top content delivery.
    | Tue, Mar. 22, 2:50 PM
  • Fri, Mar. 18, 9:15 AM
    | Fri, Mar. 18, 9:15 AM | 2 Comments
  • Thu, Mar. 17, 5:39 PM
    • Top gainers, as of 5.25 p.m.: AERI +8.2%. SCVL +5.8%. SBGL +5.5%. CPGX +5.3%. ADBE +5.0%.
    • Top losers, as of 5.25p.m.: TITN -8.4%. MT -5.3%. DO -4.5%. PBA -4.2%. PXD -3.4%.
    | Thu, Mar. 17, 5:39 PM | 1 Comment
  • Thu, Mar. 17, 4:38 PM
    • In addition to beating FQ1 estimates, Adobe (NASDAQ:ADBE) has guided in its earnings presentation (.pdf) for FY16 (ends Nov. '16) revenue of $5.8B and EPS of $2.80, above a consensus of $5.74B and $2.76. FQ2 guidance is for revenue of $1.365B-$1.415B and EPS of $0.64-$0.70 vs. a consensus of $1.39B and $0.65.
    • The media software giant also now expects to exit FY16 with Digital Media annual recurring revenue (ARR) on a $4B/year run rate, up from $2.88B at the end of FY15 and prior guidance of $3.875B.
    • FY16 Digital Media revenue growth is now expected to top 20% (prior guidance was for ~20% growth). Marketing Cloud (ad software/services) revenue and bookings growth guidance is still respectively at ~20% and ~30%.
    • Top-line performance: Digital Media revenue rose 33% Y/Y in FQ1 on the back of a 44% increase in Creative revenue to $733M. Document Cloud revenue grew a modest 3% Y/Y to $198.8M. Digital Media ARR rose by $250M Q/Q to $3.13B - $2.74B from Creative, $393M from Document Cloud - and is expected to grow by $275M in FQ2. Over 30% of Creative Cloud subs are said to be new to Adobe, and over 23M new Adobe IDs have been issued to date through the company's mobile apps (many of which are free).

      Marketing Cloud revenue rose 21% Y/Y to $377M; growth is expected to slow to 17% in FQ2 due to tough comps. LiveCycle/Web conferencing revenue fell 37% to $28.9M.
    • Financials: Boosting EPS: $133M was spent to buy back 1.5M shares. Subscriptions made up 77% of revenue, products (traditional software licenses) 15%, and services/support 8%. GAAP operating expenses rose 14% Y/Y to $877M, with $475M spent on sales/marketing, $237M on R&D, and $147M on G&A.

      Subscription growth led the deferred revenue balance to rise 36% Y/Y to $1.61B. Adobe ended FQ1 with $4.1B in cash and $1.9B in debt.
    • ADBE +7.9% after hours to $97.01, making new highs in the process.
    • Adobe's FQ1 results, earnings release, datasheet (.pdf)
    | Thu, Mar. 17, 4:38 PM
  • Thu, Mar. 17, 4:07 PM
    • Adobe Systems (NASDAQ:ADBE): FQ1 EPS of $0.66 beats by $0.05.
    • Revenue of $1.38B (+24.3% Y/Y) beats by $40M.
    • Shares +3.5%.
    • Press Release
    | Thu, Mar. 17, 4:07 PM | 1 Comment
  • Wed, Mar. 16, 5:35 PM
Company Description
Adobe Systems, Inc. provides digital marketing and digital media solutions. The company operates its business through three segments: Digital Media, Digital Marketing, and Print and Publishing. The Digital Media segment offers creative cloud services, which allow members to download and install... More
Sector: Technology
Industry: Application Software
Country: United States