Form 8-K ADOBE SYSTEMS INC For: Dec 10

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Go back to Form 8-K ADOBE SYSTEMS INC For: Dec 10

Adobe (ADBE) Ends FY15 Strong; Guidance Remains Conservative - FBR

December 11, 2015 6:00 AM EST

FBR & 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... More