Adobe Reports Record Quarterly and Annual Revenue
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Adobe's (ADBE) Price Target Raised to $110 at Pacific Crest
December 11, 2015 11:26 AM ESTPacific Crest maintained an Overweight rating on Adobe (NASDAQ: ADBE) and raised its price target to $110.00 (from $90.00). Analyst Brendan Barnicle said Q4 results exceeded expectations.
"In FQ4 (Nov.), Adobe exceeded expectations on all metrics except operating cash flow. Net subscribers increased by 833,000, well... More
Rosenblatt Reiterates Buy on Adobe Systems (ADBE) Following 4Q Beat
December 11, 2015 9:59 AM ESTRosenblatt reiterated a Buy rating and $112.00 price target on Adobe (NASDAQ: ADBE) following the company's 4Q earnings report. Marketing cloud revenue came in light because of better than expected transition from perpetual to subscription business for Experience and Campaign Manager. ADBE also said... More
UBS Raises PT to $105 Following Adobe Systems' (ADBE) Q4 Beat
December 11, 2015 9:07 AM ESTUBS reiterated a Buy rating on Adobe (NASDAQ: ADBE), and raised the price target to $105.00 (from $90.00), following the company's 4Q earnings report. Revenue of $1,306M beat the Street's $1,305M estimates, and compares to guidance of $1,275-1,325M. EPS of $0.62 came in ahead of the Street's $0.60 estimate by 2... More
Adobe (ADBE) Ends FY15 Strong; Guidance Remains Conservative - FBR
December 11, 2015 6:00 AM ESTFBR & Co. affirms Adobe (Nasdaq: ADBE) at Market Perform with a price target of $100 following the company's Q4 report and outlook issued Thursday night.
Analyst Samad Samana noted the following key points:
New estimates. We are lowering our F1Q16 revenue estimate from $1.35B to $1.34B but maintaining our $0.63 pro forma EPS estimate. We are raising our FY16 revenue... MoreAdobe Systems (ADBE) Tops Q4 EPS by 2c
December 10, 2015 4:06 PM ESTAdobe Systems (NASDAQ: ADBE) reported Q4 EPS of $0.62, $0.02 better than the analyst estimate of $0.60. Revenue for the quarter came in at $1.31 billion versus the consensus estimate of $1.31 billion.
Digital Media Annualized Recurring Revenue (ARR) grew to $2.99 billion exiting the... More