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Adobe Systems Incorporated (ADBE)

  • May 6, 2013, 1:15 PM
    Adobe (ADBE -0.7%) won't be releasing new versions of its locally-installed Creative Suite, the company states ahead of a 5:30PM ET analyst meeting (webcast). With this move, Adobe is completely hitching the future of its core media software business on Creative Cloud, whose prices range from $20/month/user for a single app to $70/month/user for the team version of the entire suite (discounts exist for CS clients). Adobe's paid Creative Cloud base rose by 153K in the Feb. quarter to 479K; updated apps are due in June. Cutting down on widespread piracy may have factored into Adobe's decision. Also: Adobe is reaffirming its FQ2 and FY13 guidance.
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  • May 3, 2013, 7:03 PM
    Adobe (ADBE) wants to turn tablets into serious photo-editing tools: the media software giant is working on an app that would bear a strong resemblance to its popular and feature-rich Lightroom PC software. Support for raw photo formats and cloud syncing are said to be part of the package. Adobe already offers its Photoshop Express (free) and Touch ($9.99) apps for the iPad, but their feature sets pale in comparison to Lightroom's (never mind regular Photoshop's).
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  • Mar. 20, 2013, 2:20 PM
    Stifel goes contrarian on Adobe (ADBE +4.3%), cutting shares to Hold on valuation grounds even as they hit levels last seen in '08 following an FQ1 beat fueled by strong Creative Cloud and Marketing Cloud growth. UBS, on the other hand, has lifted its PT to $46, arguing Adobe's FY13 revenue and Creative Cloud subscription guidance now looks conservative. On the earnings call, management noted mobile now accounts for 25% of Adobe's Digital Marketing transactions, and that sales of enterprise term licenses are bolstering Creative Cloud's growth.
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  • Mar. 20, 2013, 9:10 AM
    Premarket gainers: OMPI +28%. GEVO +17%. CIE +7%. WSM +6%. ADBE +6%. BBRY +5%.
    Losers: ECT -9%. CIG -9%.
  • Mar. 19, 2013, 6:03 PM
    Apple (AAPL) confirms it has hired Adobe (ADBE) CTO Kevin Lynch. He'll be the company's VP of technology, and report to wireless hardware/chip engineering chief Bob Mansfield. There's some speculation Lynch's role in spearheading Adobe's successful cloud software push may have appealed to Apple. Adobe says it won't be hiring a new CTO; Lynch's responsibilities will be doled out to other execs. A source tells AllThingsD Lynch wanted to be Adobe's CEO. (earlier)
  • Mar. 19, 2013, 5:44 PM
    After-hours top gainers, as of 5:15 p.m.: EAC +13%. ADBE +6%. FRAN +6%. WSM +5%. GTI +5%.
    After-hours top losers: RLJ -3%. CTAS -3%. TDW -2%. GTN -2%. INGR -2%.
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  • Mar. 19, 2013, 5:14 PM
    Adobe (ADBE) CTO Kevin Lynch has resigned, the software vendor discloses in a 8-K filed in the wake of its FQ1 report. CNBC reports Lynch is leaving for Apple (AAPL). He joined Adobe in '05 following the acquisition of Macromedia, and was once a staunch defender of Flash, which Steve Jobs wasn't the biggest fan of.
  • Mar. 19, 2013, 4:39 PM
    A little more on Adobe: Free cash flow was $261.8M, well above net income of $178M. Marketing Cloud (online ad tech) revenue +20% Y/Y to $215M (21% of total). Digital Media revenue -5% Y/Y and digital marketing +1%, both affected by shift to subscriptions. EMEA was soft, -10% Y/Y. Americas -1%, Asia -1%. Opex +16% Y/Y thanks to cloud software investments. Gross margin was 84.4%, -530 bps Y/Y (due to cost of supporting cloud services). Paid Creative Cloud subs have passed 500K this quarter, free/trial users are above 2M.
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  • Mar. 19, 2013, 4:34 PM
    More on Adobe: FQ2 guidance is for revenue of $975M-$1.025B and EPS of $0.29-$0.35 vs. consensus of $1.02B and $0.34. FY13 guidance is for revenue of $4.1B and EPS of $1.45 vs. consensus of $4.12B and $1.41. Paid Creative Cloud subs +153K Q/Q to 479K, annual recurring revenue +$80M to $233M. That helped deferred revenue rise 13% Q/Q to $700M. 31% of FQ1 revenue recurring (was 26% in FQ4). ADBE +6% AH to new 52-week highs. CC at 5PM ET (webcast). (PR) (datasheet) (slides/remarks)
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  • Mar. 19, 2013, 4:08 PM
    Adobe Systems (ADBE): FQ1 EPS of $0.35 beats by $0.04. Revenue of $1.008B (-4% Y/Y) beats by $22M. Shares +5.5% AH. (PR)
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  • Mar. 19, 2013, 12:10 AM
    Notable earnings after Tuesday’s close: ADBE, CTAS, FRAN, TRQ, WSM
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  • Mar. 18, 2013, 5:35 PM
    Notable earnings after Tuesday’s close: ADBE, CTAS, FRAN, TRQ, WSM
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  • Mar. 13, 2013, 6:46 PM
    In a sign of the times, Adobe (ADBE) is ending boxed sales of its flagship Creative Suite. The product will only now be available via online downloads and (of course) the subscription-based Creative Cloud platform. Much like Microsoft with Office, Adobe has gone out of its way to encourage it Creative Suite base to migrate to cloud subscriptions. FQ1 results arrive on Tuesday.
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  • Mar. 11, 2013, 2:31 PM
    Google (GOOG) remains persona non grata on Facebook's (FB) FBX ad exchange, which delivers ads to users based on browsing activity. Facebook, which just stepped up its challenge to Google's display ad lead by purchasing Microsoft's Atlas platform, has granted AOL (previous), Adobe (ADBE), and other online ad players access, but DoubleClick Bid Manager, used by dozens of top ad buyers, isn't so lucky. However, AdWeek reports Facebook and Google continue to talk, and the former simply wants to "keep Google from comparing the quality of its inventory" with Facebook's.
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  • Mar. 9, 2013, 5:16 PM
    Tablet Web traffic has eclipsed smartphone Web traffic, says Adobe (ADBE), which is making mobile a big part of its online ad tech push. With tablet growth rates still well above smartphone growth rates, expect this gap to widen. The gap is a mixed blessing for Google (GOOG): with the iPad's share of tablet traffic much higher than the iPhone's share of smartphone traffic, Google's iPad search revenue-sharing payments to Apple are bound to be steep. But tablet ad prices are higher thanks to superior conversion rates, and could soon approach PC levels.
  • Jan. 18, 2013, 5:58 AM
    Judge Lucy Koh yesterday ordered Tim Cook to testify in a lawsuit over whether Apple (AAPL), Google (GOOG) and other hi-tech companies breached antitrust laws by agreeing not to try to poach each others' employees. Erich Schmidt is also due to appear in the trial, as is Intel's (INTC) Paul Otellini. Lawyers for the five plaintiffs in the case reckon that damages could reach hundreds of millions of dollars.
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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