FBR Capital Raises Price target on Adobe Systems (ADBE) Following Analyst Day
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Adobe's (ADBE) Price Target Raised to $90 at Deutsche Bank
October 7, 2015 10:26 AM EDTDeutsche Bank maintained a Buy rating on Adobe (NASDAQ: ADBE) and raised its price target to $90.00 (from $85.00). Shares were volatile after Adobe updated guidance yesterday.
Analyst Nandan Amladi said, "At a product-centric keynote yesterday to 7,000 attendees, CreativeSync, the new Stock offering, responsive design and... More
Market Wrap: IMF Cuts FY15, FY16 Global Growth Outlook; Pepsi 'Pops' on Q3 Results; Yum! Q3 China Comps Miss
October 6, 2015 5:26 PM EDTMarket wrap for October 6th
End of the Day: S&P 500 down 7.1 to 1,979.92; Dow Jones up 13.8 to 16,790.19; Nasdaq down 32.9 to 4,748.36
Market Brief: U.S. markets mostly pared some gains following a several-session streak, led by weakness out of the healthcare sector.
The IMF cut its global growth outlook for 2015 and 2016 by about 0.2 percentage points apiece.
Adobe issued light FY16 guidance after markets closed, sending the stock lower.
Skyworks and PMC-Sierra announced a late-Monday merger deal.
AmerisourceBergen moved to acquire PharMEDium... More
After-Hours Stock Movers 10/06: (ADXS) (YUM) (ADBE) Lower (more...)
October 6, 2015 5:03 PM EDTAdvaxis (NASDAQ: ADXS) 24.8% LOWER; announced that last Thursday the company received verbal notice from the U.S. Food and Drug Administration (FDA) that its Investigational New Drug (IND) application for axalimogene filolisbac (formerly ADXS-HPV) has been placed on clinical hold, affecting four clinical trials.
Yum! Brands (NYSE: YUM) 18.4% LOWER; reported Q3 EPS of $1.00, $0.07 worse than... More
Starbucks Coffee (SBUX) Taps Adobe's Martin-Flickinger as CTO
October 6, 2015 4:31 PM EDTStarbucks Coffee (NASDAQ: SBUX) announced it has appointed Gerri Martin-Flickinger as chief technology officer effective Nov. 2. In this role, Gerri will lead the global IT function and play a key role in shaping the technology agenda across the Starbucks business. Most recently, she served as Adobes senior vice president and chief information officer, where she oversaw Adobes global Information Technology team and played a key role in enabling Adobes transformation to a cloud-based business.
Gerri is a technologist at heart and has a 30-year track record of leveraging technology-based solutions to... More
Adobe Systems (ADBE) Sinks 11% on Weaker Outlook
October 6, 2015 4:26 PM EDTAdobe Systems (NASDAQ: ADBE) is trading down 11% after guiding FY 2016 EPS and revenue below the Street.
Adobe said it sees FY 2016 revenue of $5.7 billion and non-GAAP EPS of $2.70, versus the consensus of $5.9 billion and $3.19.
... MoreAdobe Systems (ADBE) Offers 3-Year Growth Strategy; Guides FY16 EPS, Revenue Below Views
October 6, 2015 4:04 PM EDT(Updated - October 6, 2015 4:07 PM EDT)
Adobe (Nasdaq: ADBE) will host a financial analyst meeting at its Adobe MAX user conference. At the meeting, Adobe management will outline the companys momentum and strategy, and discuss multi-year financial growth targets for its... More
