Stephens Reiterates Overweight Rating on Adobe (ADBE)

Adobe (ADBE) PT Raised to $317 at Griffin Securities

Griffin Securities analyst Jay Vleeschhouwer raised the price target on Adobe (NASDAQ: ADBE) to $317.00 (from $303.00) while maintaining a Buy rating.

Canaccord Genuity Reiterates Buy Rating on Adobe (ADBE)

Canaccord Genuity analyst Richard Davis reiterated a Buy rating and $320.00 price target on Adobe (NASDAQ: ADBE) following the company's earnings call. Headline results were largely as expected. The surprise in the quarter was a below consensus guide for FQ4, which management attributed to the... More

Adobe (ADBE) Price Target Maintained at Stifel on Despite Marketo Weakness

Stifel analyst Tom Roderick reiterated a Buy rating and $325.00 price target on Adobe (NASDAQ: ADBE) after weakness in Experience Cloud bookings caused full-year results to fall short of investor expectations. Experience Cloud subscription revenue grew 37% y/y to $679mn but management noted that its... More

Adobe (ADBE) PT Lowered to $315 at RBC Capital

RBC Capital analyst Alex Zukin lowered the price target on Adobe (NASDAQ: ADBE) to $315.00 (from $320.00) while maintaining a Outperform rating.

Adobe (ADBE) PT Lowered to $310 at Nomura/Instinet on Weak Guidance

Nomura/Instinet analyst Christopher Eberle lowered the price target on Adobe (NASDAQ: ADBE) to $310.00 (from $315.00) after the company upside to both revenue and EPS driven by Digital Media ARR of $386M that beat expectations of $360M but with a 4Q outlook that was below consensus,... More

Adobe (ADBE) PT Lowered to $322 at Citi

Citi analyst Walter Pritchard lowered the price target on Adobe (NASDAQ: ADBE) to $322.00 (from $335.00) while maintaining a Buy rating.

Adobe (ADBE) PT Lowered to $322 at Citi

Citi analyst Walter Pritchard lowered the price target on Adobe (NASDAQ: ADBE) to $322.00 (from $335.00) while maintaining a Buy rating.

Options expected to have increasing volume: ADBE CHWY FDX KLAC

Options expected to have increasing volume: ADBE CHWY FDX KLAC

After-Hours Movers 9/17: (CDW) (KDMN) Higher; (FDX) (PTCT) (ADBE) Lower (more...)

Today's After-Hours Movers

FedEx (NYSE: FDX) 9.3% LOWER; reported Q1 EPS of $3.05, $0.11 worse than the analyst estimate of $3.16. Revenue for the quarter came in at $17.05 billion versus the consensus estimate of $17.06 billion. FedEx sees FY2020 EPS of $11.00-$13.00, versus the consensus of $14.70.

PTC Therapeutics, Inc. (NASDAQ: PTCT) 7.7% LOWER; announced today that it is commencing a public offering of $100.0 million of shares of its common stock. PTC intends to grant the underwriter an option for a... More

Adobe's fourth-quarter forecast, marketing software unit disappoint

(Reuters) - Adobe Inc (NASDAQ: ADBE) on Tuesday gave a tepid current-quarter revenue forecast and said that bookings in its newly acquired marketing software unit were growing slower than expected, sending shares nearly 3% in after-market trading.

The company bought marketing software firm Marketo for $4.75 billion last year, adding business-to-business marketing applications to its creative tools.

Adobe is best known for its content... More

Adobe Systems (ADBE) Tops Q3 EPS by 8c, Q4 Guidance Misses

Adobe Systems (NASDAQ: ADBE) reported Q3 EPS of $2.05, $0.08 better than the analyst estimate of $1.97. Revenue for the quarter came in at $2.83 billion versus the consensus estimate of $2.82 billion.

GUIDANCE:

Adobe Systems sees Q4 2019 EPS of $2.25, versus the consensus of $2.30. Adobe... More

Adobe Systems (ADBE) option implied volatility elevated into EPS and outlook

Adobe Systems (NASDAQ: ADBE) September call option implied volatility is at 53, October is at 33; compared to its 52-week range of 20 to 52 into the expected release of quarter results on September 17. Call put ratio 1.7 calls to 1 put.