Adobe Systems (ADBE) Tops Q2 EPS by 3c; Says on Track to Meet, Exceed FY16 Expectations
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UBS Raises Price Target on Adobe Systems (ADBE) to $122 Following Strong 2Q
June 22, 2016 7:53 AM EDTUBS reiterated a Buy rating on Adobe Systems (NASDAQ: ADBE), and raised the price target to $122.00 (from $114.00), following the company's 2Q earnings report. ADBE reported revenue of $1,399M in the upper half of the company's guidance of $1,365-1,415M, but below the Street's $1,404M. EPS was reported at $0.71, beating the Street's $0.68, and guidance of $0.64-0.70.
Analyst Brent Thill commented, "Q1 was a tough one to match: a beat... More
Adobe's revenue forecast disappoints growth-hungry investors
June 21, 2016 4:11 PM EDT(Reuters) - Adobe Systems Inc's (NASDAQ: ADBE) second-quarter revenue and full-year revenue forecast just about met analysts' estimates, disappointing investors hoping demand for the company's Creative Cloud package of software tools would outpace expectations.
For the past few years, Adobe has been focused on selling its software through web-based subscriptions, which ensures a predictable and recurring revenue stream compared with the lumpy revenue earned through the sale of packaged-licensed software.
While that has helped Adobe's revenue rise for nine straight quarters, growth would be predictable going forward as most of the company's... More
Adobe Systems (ADBE) Guides Q3 EPS, Revenue Midpoint to Light-Side of Expectations
June 21, 2016 4:10 PM EDTAdobe Systems (NASDAQ: ADBE) sees Q3 EPS of $0.69 - $0.75 and revenue of $1.42 - $1.47 billion, with the consensus at EPS of $0.71 and revenue of $1.47 billion.
... MoreAdobe (ADBE) July 100 and 105 calls active into Q2 and outlook
June 21, 2016 3:01 PM EDT.Adobe Systems (NASDAQ: ADBE) July 100 and 105 calls are active on total call volume of 12K contracts (5K puts) into the expected release of Q2 results today. July call option implied volatility is at 33, August is at 26; compared to its 52-week range of 20 to 49.
... More