Adobe Inc. (ADBE)
| Market Cap | 251.72B |
| Revenue (ttm) | 20.43B |
| Net Income (ttm) | 5.08B |
| Shares Out | 443.40M |
| EPS (ttm) | 11.13 |
| PE Ratio | 51.01 |
| Forward PE | 29.22 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 2,872,764 |
| Open | 560.55 |
| Previous Close | 560.01 |
| Day's Range | 560.00 - 570.14 |
| 52-Week Range | 433.97 - 638.25 |
| Beta | 1.27 |
| Analysts | Buy |
| Price Target | 600.17 (+5.72%) |
| Earnings Date | Jun 13, 2024 |
About ADBE
Adobe Inc., together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform. Its flagship product is Creative Cloud, a subscription service that allows members to access its creative products. This se... [Read more]
Financial Performance
In 2023, Adobe's revenue was $19.41 billion, an increase of 10.24% compared to the previous year's $17.61 billion. Earnings were $5.43 billion, an increase of 14.13%.
Financial StatementsAnalyst Forecast
According to 30 analysts, the average rating for ADBE stock is "Buy." The 12-month stock price forecast is $600.17, which is an increase of 5.72% from the latest price.
News
Calls of the Day: Uber, Adobe, SLB, RTX
The Investment Committee discuss the latest Calls Of The Day.
Why Adobe and Uber are newly named top stock picks at Deutsche Bank
As the third quarter kicks off, analysts at Deutsche Bank are feeling especially upbeat about shares of Adobe Inc. and Uber Technologies Inc.
Audiostock Collaborates with Adobe to Launch Music Provision via Audiostock add-on for Adobe Express
LOS ANGELES--(BUSINESS WIRE)--Audiostock, Japan's premier music licensing company, has collaborated with Adobe to begin providing music via Audiostock add-on for Express.
Final Trades: Electronic Arts, Chevron, Adobe and Flex LNG
The Investment Committee share their top stocks to watch for the second half.
US Government Sues Adobe Over 'Convoluted' Cancellation Process
Customers have complained about having their calls dropped or being endlessly transferred when trying to cancel.
Why are the feds going after Adobe?
The FTC's investigation uncovered that Adobe's cancellation process is designed to be cumbersome and a deterrent.
Adobe Sued By FTC Over Hidden Fees, Cancellation Issues
The FTC alleges Adobe makes it hard for customers to cancel subscriptions, resulting in early termination fees. Here's what you need to know.
Adobe Stock Gained 14% In A Day, What's Next?
Adobe's stock (NASDAQ: ADBE) price jumped 14.5% on 14th June, as compared to a near-zero change in the S&P500 index. In sharp contrast, Adobe's peer Salesforce (NYSE: CRM) was up 1% over the same peri...
Adobe is having a terrible month
The Department of Justice is suing Adobe over deceptive subscription practices. The lawsuit claims Adobe hides fees and makes it hard to cancel subscriptions.
FTC Alleges Adobe Deters Subscription Cancellations, Hides Early Termination Fee
The Federal Trade Commission (FTC) is taking action against Adobe and two of its executives, alleging that they deceived consumers by hiding an early termination fee on a subscription plan and making ...
U.S. Sues Adobe Over Hard-to-Cancel Subscriptions
The maker of Photoshop and other popular design software hid details of expensive cancellation fees, according to a Justice Department lawsuit.
Jim Lebenthal buys Adobe
Jim Lebenthal, chief equity strategist at Cerity Partners, joins CNBC's "Halftime Report" to share his latest trades.
US sues Adobe for hiding termination fees and making it difficult to cancel subscriptions
The U.S. Department of Justice has filed a lawsuit against Adobe alleging that the company deceives consumers by hiding the early-termination fee and making it difficult for people to cancel their sub...
Feds sue Photoshop owner Adobe over subscription plans, hefty termination fees
The government said Adobe failed to adequately disclose hefty early termination fees, sometimes reaching hundreds of dollars, when customers sign up for "annual, paid monthly" subscription plans.
US sues Adobe over subscription plan disclosures
The U.S. government on Monday sued Adobe , accusing the maker of Photoshop and Acrobat of harming consumers by enrolling them in its most lucrative subscription plans without clearly disclosing import...
Adobe Reimagines PDFs by Integrating Adobe Firefly into Acrobat and Adding Support for Chat Across Multiple Documents in Acrobat AI Assistant
SAN JOSE, Calif.--(BUSINESS WIRE)--Today, Adobe (Nasdaq:ADBE) unveiled major AI innovations in Adobe Acrobat, bringing unprecedented creativity and productivity to digital documents. Starting on June ...
Stock Markets Daily Recap: NVIDIA and Adobe Rally as Focus Turns to China
After a mixed Friday (June 14) session for the US equity markets, economic data from China will set the tone for the Asian markets on Monday (June 17).
Adobe Stock Pops 15% As Customers Pay Up For Generative AI Services
Since peaking at $663 in November 2021, Adobe's stock market value has fallen 21%. As an investor in the San Jose, Calif.
S&P 500 Gains and Losses Today: Adobe Becomes Latest Stock to Enjoy AI Boost
Major U.S. equities indexes were mixed and little changed to close out an eventful week for the markets.
Musk's Pay Package Goes Through and Adobe Shares Surge
Bloomberg's Caroline Hyde and Tim Stenovec break down Tesla's shareholder meeting as the majority backs Elon Musk's $56 billion pay package. Plus, Adobe shares surge the most since 2020 on the company...
Three-Stock Lunch: Adobe, Caterpillar& Hasbro
Brian Vendig, MJP Wealth Advisors CIO, joins 'Power Lunch' to discuss stock plays for Adobe, Caterpillar, and Hasbro.
Adobe shares surge 15%, head for sharpest rally since 2020
Adobe reported revenue and earnings that topped analysts' estimates. The stock jumped 15% on Friday, which would be its biggest rally since the beginning of the pandemic in March 2020.
Chart of the Day: Adobe
Adobe is on pace for its best day since March 2020. The Investment Committee shares its top software stocks.
Adobe (ADBE) Soars Post Earnings, A.I. Product Announcements
Adobe (ADBE) stock price is rallying today after earnings and announcements of new A.I. products. Adobe reported revenue growth of 10.2%.
Adobe Expects To 'Deliver In A Bigger Way': 6 Analysts Address Key Metrics, 'Positive AI Commentary'
Shares of Adobe Inc ADBEwere climbing in early trading on Friday, with the company reported upbeat quarterly results.