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Adobe Systems Incorporated (ADBE)

  • Feb. 7, 2012, 9:35 AM
    Adobe's (ADBE) anticipated Creative Cloud service, a web-based version of its flagship Creative Suite, will arrive later in the first half and sell for $50/month, according to the Verge. Its launch will occur in tandem with that of Creative Suite 6. Adobe is hoping Creative Cloud will provide a lift to its flagging revenue growth, the result of slowing media industry purchases and competition from cheaper alternatives.
    | Feb. 7, 2012, 9:35 AM | Comment!
  • Dec. 16, 2011, 2:35 PM
    Investors heartened by Adobe's (ADBE +6.5%) FQ4 beat and better-than-feared FQ1 guidance are bidding shares higher. The graphics/publishing software giant used its earnings call to trumpet its embrace of subscription-based software, and note a cloud version of its flagship Creative Suite will arrive in FQ2. Adobe also disclosed it paid $400M to acquire online advertising startup Efficient Frontier.
    | Dec. 16, 2011, 2:35 PM | 1 Comment
  • Dec. 15, 2011, 4:26 PM
    More on Adobe's (ADBE) FQ4 report: Deferred revenue rose 10% Q/Q to $531.7M. The company expects FQ1 revenue of $1.025B-$1.075B and EPS of $0.54-$0.59. While the figures are in-line with a consensus of $1.05B and $0.58, they're going over well with investors rattled by recent weakness. Guidance for FY12 (ends Nov. '12) is being reaffirmed. ADBE +3% AH. (PR)
    | Dec. 15, 2011, 4:26 PM | Comment!
  • Dec. 15, 2011, 4:12 PM
    Adobe (ADBE): FQ4 EPS of $0.67 beats by $0.07. Revenue of $1.15B (+14.4% Y/Y) beats by $60M. Shares +5.4% AH. (PR)
    | Dec. 15, 2011, 4:12 PM | Comment!
  • Dec. 15, 2011, 12:10 AM
    Notable earnings after Thursday's close: ACN, ADBE, RIMM
    | Dec. 15, 2011, 12:10 AM | Comment!
  • Dec. 1, 2011, 9:36 AM
    Adobe (ADBE -1.2%) trades lower on a downgrade to Sell from Brigantine's Barbara Coffey. Coffey is worried about weak macro conditions, slow Creative Suite growth, and the competitive threat posed by cloud software. She's also skeptical of the optimistic forecasts attached to Adobe's restructuring plans.
    | Dec. 1, 2011, 9:36 AM | Comment!
  • Nov. 30, 2011, 9:47 AM
    Adobe (ADBE), struggling to deal with soft Creative Suite sales and the slow demise of Flash, is working to bolster its ad technology offerings - recently singled out as a priority for the company. The latest proof comes via its acquisition of Efficient Frontier, a provider of online ad buying solutions across multiple platforms. Earlier this month, Adobe announced the purchase of video ad solutions provider Auditude.
    | Nov. 30, 2011, 9:47 AM | Comment!
  • Nov. 25, 2011, 12:09 PM
    United States Steel (X +0.1%) is urging its shareholders to reject an unsolicited mini-tender offer from TRC Capital. TRC is attempting to acquire up to 3M shares of the company's stock at $24.50 per share. Other companies have faced mini-tender offers from TRC this year and recommended that their shareholders reject them, including: Adobe (ADBE -0.1%) and PPL (PPL +0.9%).
    | Nov. 25, 2011, 12:09 PM | Comment!
  • Nov. 11, 2011, 4:51 PM
    Adobe's (ADBE) decision to stop developing its Flash software for mobile devices may prove a hollow victory for Apple (AAPL), as less differentiated products may mean lower margins. HTML5, which Adobe will now support, should enable developers to create just one app that works with multiple mobile platforms and that can be downloaded via the web instead of proprietary app stores. (also)
    | Nov. 11, 2011, 4:51 PM | 4 Comments
  • Nov. 11, 2011, 3:16 PM
    A disgruntled web developer sounds off on Adobe's (ADBE) handling of its decision to end Flash development for mobile devices. "HTML5 isn't ready for the desktop," he argues, and Adobe's move is likely to cripple Flash development on that front as well. He is, however, optimistic about the future of Adobe's AIR platform.
    | Nov. 11, 2011, 3:16 PM | Comment!
  • Nov. 9, 2011, 12:20 PM
    Adobe (ADBE -7.9%) says it will stop developing Flash for mobile browsers, caving into criticism that Flash is too unstable for smartphones and tablets. It's a defeat for Adobe vs. Apple (AAPL -1.9%) in their long-running battle since Steve Jobs refused to allow Flash on iPhones and iPads, and means that developers may stop using Flash tools to produce video, websites and applications for delivery over mobile browsers.
    | Nov. 9, 2011, 12:20 PM | 15 Comments
  • Nov. 9, 2011, 11:21 AM
    Adobe (ADBE -10.4%) is getting clocked after issuing a 2012 guidance cut to go with its restructuring plan. JMP and RBC are downgrading shares in response, though others remain bullish: Bernstein is encouraged by Adobe's ongoing transition to a subscription-based revenue model, and Morgan Stanley thinks the company has pricing power for its Creative Suite line that isn't reflected in guidance.
    | Nov. 9, 2011, 11:21 AM | Comment!
  • Nov. 9, 2011, 9:00 AM
    Premarket gainers: YONG +13%. SODA +13%. KITD +10%. CTEL +5%. PANL +5%.
    Losers: ROVI -25%. MFB -21%. STEC -18%. HDY -15%. ING -13%. ADBE -10%. RBS -9%. FIO -9%. ALU -8%. HBC -8%. DB -8%. NCT -8%. BCS -8%. VE -8%. MT -8%. LYG -7%. GM -7%. STP -7%. BZH -7%. ERIC -7%. RDN -6%. TRGT -6%. RL -6%. UBS -6%. RCL -6%. G -5%. ASML -5%. FTE -5%. GRPN -5%. SI -5%. ARMH -5%. SI -5%. MS -5%. NBG -5%. TOT -5%. NOK -5%. RCH -5%. AKS -4%. TEF -4%.
    | Nov. 9, 2011, 9:00 AM | Comment!
  • Nov. 8, 2011, 5:29 PM
    More from Adobe (ADBE): The company says it plans to "reduce its investment, and expected license revenue," in certain enterprise products. As a result, Adobe expects FY12 revenue growth of 4%-6%, below a 9% consensus. Adobe says it anticipates double-digit revenue growth down the line, but considering that's not happening this year or next, investors are likely skeptical. ADBE -7.3% AH. (previously)
    | Nov. 8, 2011, 5:29 PM | Comment!
  • Nov. 8, 2011, 5:17 PM
    Adobe (ADBE) drops 7.6% AH after reaffirming its FQ4 guidance, and announcing it will cut 750 jobs (roughly 8% of its workforce). The company also says it plans to "align its business" around its faster-growing Digital Media and Digital Marketing (Omniture) solutions.
    | Nov. 8, 2011, 5:17 PM | Comment!
  • Nov. 1, 2011, 3:03 PM
    Adobe (ADBE) has acquired Auditude, a provider of video ad management solutions for content providers. Much like a September product announcement, the deal is an attempt by Adobe to diminish the impact of HTML5's gradual displacement of Flash in the online video world, by offering a broader set of tools to its publishing customers.
    | Nov. 1, 2011, 3:03 PM | Comment!
Company Description
Adobe Systems Inc offers a line of software and services used by creative professionals, marketers, developers, enterprises and consumers for creating, managing, delivering, measuring, optimizing and engaging with compelling operating systems.
Sector: Technology
Country: United States