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Adobe Systems Incorporated (ADBE)

- NASDAQ
  • Jun. 18, 2013, 12:10 AM
    Notable earnings after Tuesday’s close: ADBE
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  • Jun. 17, 2013, 5:35 PM
    Notable earnings after Tuesday’s close: ADBE
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  • Jun. 7, 2013, 5:30 PM
    After-hours top gainers, as of 5:15 p.m.: EQIS +6%. GFA +5%. VWO +4%. DLR +3%. HILL +2%.
    After-hours top losers: MIND -16%. UAL -7%. SQNM -4%. PBI -3%. ADBE -3%.
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  • May 28, 2013, 1:43 PM
    Adobe (ADBE +1%) has acquired Ideacodes, a consulting firm focused on design/UI work for "smart applications, digital products and networked communities. The Ideacodes team will be added to Adobe's Creative Cloud unit, which the media/publishing software leader is now completely betting its future on.
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  • May 16, 2013, 11:45 AM
    Facebook (FB -1.5%) is down 3.6% over the last 2 days, possibly thanks to concerns about a revamped Google+. The latest update to Google's (GOOG) oft-mocked social networking platform brings a card-based UI and (more importantly) heavy use of Google's server farms to automatically enhance/modify images and add tags and links to uploaded content. The imaging tricks include the ability to automatically create animated GIFs and HDR shots, and even adjust skin tone and contrast - some think this also poses a challenge to Adobe (ADBE). But Facebook, the 800-lb. gorilla of online photo-sharing, still has unmatched network effects, and has been willing to borrow ideas from Google+
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  • May 10, 2013, 4:37 PM
    Marin Software (MRIN -12.7%) has fallen 30% since posting a Q1 beat; shares are now down 29% from March's $14 IPO price. Marin forecast Q2 revenue of $17.6M-$18M and EPS of -$0.31 to -$0.33 vs. a consensus of $17.8M and -$0.33, and 2013 revenue of $75M-$76.2M and EPS of -$1.19 to -$1.16 vs. a consensus of $74.4M and -$1.20. Aggressive spending is yielding big losses: Marin's opex rose 38% Y/Y in Q1 to $19.6M, above rev. growth of 32%. On the earnings call, a UBS analyst raised questions about new deal activity slowing Y/Y, and Q/Q rev. growth slowing markedly from a year ago. Adobe (ADBE), whose AdLens unit (formerly Efficient Frontier) is a major rival of Marin's, fell 3% yesterday.
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  • May 6, 2013, 6:27 PM
    In addition to putting an end to Creative Suite development, Adobe (ADBE) is killing off its Fireworks Web graphics design/prototyping tool. On the other hand, Adobe is doubling down on mobile (previous) by launching Project Mighty, a pressure-sensitive drawing stylus for tablets, and Napoleon, a digital ruler/guide. Also being shown off is Project Context, a giant touchscreen-based system aimed (for now) at magazine design.
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  • 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%.
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  • 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)
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  • 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.
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  • 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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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