Adobe

Adobe, Inc. (NASDAQ:ADBE) engages in the provision of digital marketing and media solutions. It operates through the following segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers creative cloud services, which allow members to download and install the latest versions of products, such as Adobe Photoshop, Adobe Illustrator, Adobe Premiere Pro, Adobe Photoshop Lightroom and Adobe InDesign, as well as utilize other tools, such as Adobe Acrobat. The Digital Experience segment provides solutions, including analytics, social marketing, targeting, media optimization, digital experience management, and cross-channel campaign management, as well as premium video delivery and monetization. The Publishing and Advertising segment includes legacy products and services for eLearning solutions, technical document publishing, web application development, and high-end printing. The company was founded by Charles M. Geschke and John E. Warnock in December 1982 and is headquartered in San Jose, CA.

Buy Now Pay Later Helps Drive Online Holiday Spending, Adobe Says

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Buy Now Pay Later is helping drive strong online spending so far this holiday season, Adobe Analytics says. BNPL spending on Saturday and Sunday rose 20% from last year, and is expected to rise nearly 19% to $782 million on Cyber Monday. “An uncertain demand environment pushed retailers to deliver big discounts this season, while also fortifying their e-commerce services with flexible payment methods,” says Vivek Pandya, a lead analyst at Adobe Digital Insights. “Consumers have taken note and spent at record rates during the big shopping days, despite dealing with rising costs in other parts of their lives.”

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Adobe Systems Faces ‘Impressive’ Generative AI Prospects, Morgan Stanley Says

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Adobe Systems’ (ADBE) Q3 earnings conference call highlighted generative artificial intelligence opportunities for the company, while the quarter’s financial results further proved the “strong momentum” of its core business, Morgan Stanley said Friday in a note. Net new annual recurring revenue from the digital media division topped Street consensus by 12% at $464 million, while Q4 guidance may be “shy of buyside expectations” following recent price increases, Morgan Stanley said. New generative AI product releases are expected to drive a “broader proliferation” of Adobe’s technology, the note said. Adobe reported fiscal Q3 non-GAAP earnings of $4.09 per share, up from $3.40 a year earlier, as revenue increased to $4.89 billion from $4.43 billion. Morgan Stanley said it remains “more confident” in its above-consensus forecast for the company’s fiscal Q4 results. Morgan Stanley reiterated its overweight rating on Adobe with a price target of $660.

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Adobe Systems Issues ‘Good’ Fiscal Q4 Guidance Following ‘Impressive’ Fiscal Q3, Oppenheimer Says

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Adobe Systems (ADBE) issued a “good” fiscal Q4 guidance following “impressive” results in fiscal Q3, Oppenheimer said in a note to clients Friday. For fiscal Q3, the company saw another 10% plus beat in net new digital media annual recurring revenue, mid-teen’s digital media revenue growth and the fastest earnings per share growth in two years, according to the note. “Adobe had an excellent quarter, and we carry a favorable view of management’s execution and its future,” Oppenheimer analysts said. The company estimates fiscal Q4 revenue of $4.98 billion to $5.03 billion and non-GAAP earnings of $4.10 to $4.15 per share. Analysts surveyed by Capital IQ expect revenue of $5.02 billion and non-GAAP EPS of $4.14. Adobe also expects net new digital media ARR of about $520 million and digital media revenue of $3.67 billion to $3.70 billion, compared with analysts’ consensus of $463 million and $3.66 billion, respectively.

Adobe Systems Issues ‘Good’ Fiscal Q4 Guidance Following ‘Impressive’ Fiscal Q3, Oppenheimer Says Read Post »

Adobe (NASDAQ:ADBE) Q3 EPS $4.09 Beats $3.98 Estimate, Sales $4.89B Beat $4.87B Estimate

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Adobe (NASDAQ:ADBE) reported quarterly earnings of $4.09 per share which beat the analyst consensus estimate of $3.98 by 2.76 percent. This is a 20.29 percent increase over earnings of $3.40 per share from the same period last year. The company reported quarterly sales of $4.89 billion which beat the analyst consensus estimate of $4.87 billion by 0.41 percent. This is a 10.31 percent increase over sales of $4.43 billion the same period last year.

Adobe (NASDAQ:ADBE) Q3 EPS $4.09 Beats $3.98 Estimate, Sales $4.89B Beat $4.87B Estimate Read Post »

Adobe (NASDAQ:ADBE) Fiscal Q3 Non-GAAP Earnings, Revenue Increase; Sets Fiscal Q4 Outlook

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Adobe Systems (NASDAQ:ADBE) reported fiscal Q3 non-GAAP earnings  of $4.09 per share, up from $3.40 a year earlier. Analysts polled by Capital IQ expected $3.98. Revenue for the quarter ended Sept. 1 was $4.89 billion, up from $4.43 billion a year earlier. Analysts surveyed by Capital IQ expected $4.87 billion. The software company said it expects fiscal Q4 non-GAAP EPS between $4.10 and $4.15 and revenue between $4.98 billion and $5.03 billion. Analysts are expecting $4.06 and $5 billion, respectively.

Adobe (NASDAQ:ADBE) Fiscal Q3 Non-GAAP Earnings, Revenue Increase; Sets Fiscal Q4 Outlook Read Post »

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