Adobe Announces Changes to Executive Leadership Team
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September 18, 2015 8:16 AM EDT
Jefferies reiterated a Buy rating on Adobe (NASDAQ: ADBE), and raised the price target to $92.00 (from $90.00), following the company's 3Q15 earnings results.
Analyst Brad Zelnick commented, "We reiterate our Buy rating and raise our PT to $92 from $90 following solid F3Q results. The... More
September 18, 2015 8:00 AM EDT
UBS reiterated a Buy rating and $90.00 price target on Adobe (NASDAQ: ADBE) following the company's 3Q15 results. Revenues of $1,218M beat Street's $1,214M, and fell with in guidance of $1,175-1,225M. EPS of $0.54 beat consensus by 4c and guidance of $0.45-0.51.
Analyst Brent Thill commented, "FQ3 results beat broadly across, including a... More
September 17, 2015 4:05 PM EDT
Adobe Systems (NASDAQ: ADBE) reported Q3 EPS of $0.54, $0.04 better than the analyst estimate of $0.50. Revenue for the quarter came in at $1.22 billion versus the consensus estimate of $1.21 billion.
Adobe also announced a number of organizational changes to its executive team.
Senior Vice President David Wadhwani has decided to leave Adobe to pursue a CEO opportunity. The company announced Bryan Lamkin will lead the Digital Media business, which includes Creative Cloud... More
