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Adobe Systems Incorporated (ADBE)

- NASDAQ
  • 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)
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  • 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.
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  • 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.
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  • Oct. 28, 2011, 10:52 AM
    Avid Technology (AVID -13.8%) makes a new multi-year low after its Q3 report demonstrates cheaper solutions from Apple (AAPL) and Adobe (ADBE) continue hurting sales of its costly video-editing gear. Revenue of $165M (nearly flat Y/Y) missed consensus by $2M, while EPS of $0.01 missed by $0.07.
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  • Oct. 14, 2011, 9:15 AM
    Premarket gainers: CLWR +10%. GOOG +8%. S +8%. OPK +7%. GLUU +7%. HOV +6%. SWKS +6%. ADBE +5%. BIDU +5%. ERIC +5%. GMCR +5%. ALU +5%. COOL +4%. AMR +4%. RFMD +4%. RENN +4%. SOL +4%. TQNT +4%. HAL +4%. WLT +4%. MT +4%. FCX +4%. SINA +3%. AONE +3%. SIRI +3%. UN +3%. ING +3%. NFLX +3%. MU +3%. F +3%.
    Losers: DEPO -24%. NCMI -23%. AVII -4%. MAT -3%.
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  • Sep. 21, 2011, 9:45 AM
    Informatica (INFA) is up 4.8% after Roth's Nathan Schneiderman upgrades the data warehousing software firm to Buy, believing its recent selloff is overdone. As with QLIK (previously), Schneiderman is encouraged by ORCL and ADBE's results, and he also liked the "surprisingly bullish" tone struck by Informatica's CEO during a recent presentation.
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  • Sep. 21, 2011, 9:16 AM
    Adobe (ADBE), which is up 4.7% premarket after delivering strong results and guidance, is rolling out new versions of its Flash Player and AIR development platform, claiming they deliver major performance gains over predecessors. Adobe is under pressure to make Flash more efficient and less power-hungry, as HTML5 continues gaining momentum.
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  • Sep. 21, 2011, 9:15 AM
    Market preview: Stock futures drift (S&P -0.1%) ahead of the Fed's 2:15 decision; when it comes out, investors may need some time to parse, meaning the initial market reaction could be a head-fake. ADBE and ORCL are higher after both tech firms beat expectations. Coal companies ANR and WLT slide after disappointing projections. Later: existing home sales.
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  • Sep. 21, 2011, 9:15 AM
    Premarket gainers: OREX +66%. ALTH +15%. ARNA +9%. ORCL +5%. ADBE +5%. HLS +5%. CS +4%. MCP +4%. ALU +3%. YRCW +3%.
    Losers: WLT -13%. ANR -10%. PCX -5%. ACI -5%. NUVA -4%. BTU -4%. -3%. TCK -3%.
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  • Sep. 21, 2011, 8:01 AM
    Roth's Nathan Schneiderman is adding Qlik Technologies (QLIK) to the firm's Focus List. While concerned about Qlik's high European exposure, he believes Oracle (ORCL) and Adobe's (ADBE) results (I, II) bode well for the business intelligence software developer, and claims channel checks are encouraging.
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  • Sep. 20, 2011, 4:40 PM
    More on Adobe's (ADBE) FQ3: Deferred revenue grew by $2M to $484M. Subscription revenue was 14% of total sales. 3.6M shares repurchased during quarter. Company expects FQ4 revenue of $1.075B-$1.125B, above $1.07B consensus. FQ4 EPS is expected to be in range of $0.57-$0.64, compared with $0.59 consensus. ADBE +7.3% AH.
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  • Sep. 20, 2011, 4:14 PM
    Adobe (ADBE): FQ3 EPS of $0.55 beats by $0.01. Revenue of $1.01B (+2.3% Y/Y) in-line. Shares +6.8% AH. (PR)
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  • Sep. 20, 2011, 12:10 AM
    Notable earnings after Tuesday's close: ADBE, ORCL
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  • Sep. 16, 2011, 11:01 AM
    Adobe (ADBE -2.5%) drops after JMP's Patrick Walvarens downgrades shares to Market Perform and trims EPS estimates. Walvarens is concerned about the near-term succes of Adobe's enterprise business, and its ability to retain management and sales personnel. The fact Adobe's shares trade below late-2004 levels probably doesn't help with the latter.
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  • Sep. 14, 2011, 2:14 PM
    Tech companies large and small continue to struggle with a shortage of qualified technical talent, leading wages to soar in tech hotbeds such as Silicon Valley and Austin. Rising personnel expenses have the potential to eat into the profits of Internet and software giants such as GOOG, YHOO, ORCL, and ADBE.
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  • Sep. 9, 2011, 3:05 PM
    Adobe (ADBE) has introduced a workaround that allows content based on its Flash technology to appear on iOS devices, by automatically converting it to Apple's (AAPL) preferred HTML5 format. HTML5 is steadily gaining ground on Flash, as iOS web browsing skyrockets, and major developers embrace the technology.
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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