Adobe (ADBE) Ends FY15 Strong; Guidance Remains Conservative - FBR
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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 profit beats on strong subscriptions for Creative Cloud
December 10, 2015 9:10 PM ESTBy Sai Sachin R and Kshitiz Goliya
(Reuters) - Adobe Systems Inc (NASDAQ: ADBE) reported a profit that topped market expectations for the ninth straight quarter on strong subscriber growth for its Creative Cloud package of software tools, which includes Photoshop.
Adobe's shares jumped 4.7 percent to $93.10 in extended trading on Thursday and are set to hit a record high on Friday.
The company said 833,000 subscribers signed up for Creative Cloud in the fourth quarter ended Nov. 27, more than the 678,200 additions analysts were expecting, according to research firm FactSet StreetAccount.
Creative Cloud... More
Market Wrap: Markets Break Losing Streak; Ford Looks to 'Energize' EV Segment; AIG Forms New Strategic Exec Team
December 10, 2015 5:24 PM ESTMarket wrap for December 10th
End of the Day: S&P 500 up 4.6 to 2,052.23; Dow Jones up 82.5 to 17,574.75; Nasdaq up 22.3 to 5,045.17
Market Brief: Stocks shook-off a three-day losing streak amid another slump in energy prices Thursday.
Oil dipped as OPEC said production was at a three-year high last month.
Ford is planning a major investment in electric vehicles.
Wal-mart is getting into the payments game with its latest offering.
S&P cut the ratings of Yum! Brands to junk.
Crude... More
Adobe 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