UBS Raises Price Target on Adobe Systems (ADBE) to $122 Following Strong 2Q

Stocks with Implied Volatility Movement

June 22, 2016 5:25 AM EDT

Adobe Systems (NASDAQ: ADBE) implied volatility is above its IV index mean

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After-Hours Stock Movers 06/21: (SCTY) (LZB) (VSLR) Higher; (TSLA) (ADBE) (HPQ) Lower (more...)

June 21, 2016 6:27 PM EDT

Today's After-Hours Movers

SolarCity (NASDAQ: SCTY) 16.6% HIGHER; Tesla (NASDAQ: TSLA) announced an offer to acquire SolarCity (NASDAQ: SCTY) for $26.50 to $28.50 per share.

Tesla (NASDAQ: TSLA) 11.5% LOWER; Tesla announced an offer to acquire SolarCity (NASDAQ: SCTY) for $26.50 to $28.50 per share.

La-Z-Boy (NYSE: LZB) 4.4% HIGHER; reported Q4 EPS from cont ops of $0.45, $0.03 worse than... 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 EDT

Adobe 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.

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Adobe Systems (ADBE) Tops Q2 EPS by 3c; Says on Track to Meet, Exceed FY16 Expectations

June 21, 2016 4:06 PM EDT

(Updated - June 21, 2016 4:13 PM EDT)

Adobe Systems (NASDAQ: ADBE) reported Q2 EPS of $0.71, $0.03 better than the analyst estimate of $0.68. Revenue for the quarter came in at $1.4 billion versus the consensus estimate of $1.4 billion.

Digital Media segment revenue grew by 26 percent year-over-year to a record $943 million, with Creative... More

Adobe (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.

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Trading Radar for 6/21: Travelers (TRV), Adobe (ADBE), CarMax (KMX), Lennar (LEN), KB Home (KBH) Report

June 20, 2016 2:35 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Earnings:

CarMax (NYSE: KMX) - consensus EPS $0.92
Lennar Corp. (NYSE: LEN) - no Street consensus... More

Adobe Systems (ADBE): FQ2 Preview - UBS

June 20, 2016 7:37 AM EDT

UBS analyst, Brent Thill, expects continued progress on Adobe Systems (NASDAQ: ADBE)
key metrics. With recurring revs having reached 81% of total revs as of FQ1, ADBE's subscription transition is pretty far along. The game plan going forward is clear: continue to drive growth in Creative and Marketing Cloud users... More