Adobe Reports Record Q4 and Fiscal 2020 Revenue
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December 11, 2020 6:57 AM EST
Cowen analyst J. Derrick Wood raised the price target on Adobe (NASDAQ: ADBE) to $600.00 (from $585.00) while maintaining an Outperform rating.
The analyst commented, "ADBE reported a good 4Q w/ net new ARR ~$548m above guidance of ~$540m though much less upside... More
December 10, 2020 8:07 AM EST
Adobe (Nasdaq: ADBE) today will host a virtual financial analyst meeting with investors and financial analysts, together with its fourth quarter fiscal year 2020 earnings conference call. In addition to sharing its financial outlook, Adobes executive team will outline the companys vision, strategies and opportunities across Adobe Creative Cloud, Adobe Document Cloud, and Adobe Experience Cloud. As part of the financial analyst meeting, Adobe is announcing that its total addressable market has expanded to approximately $147 billion by 2023.
Adobes proven ability to create new categories and consistently innovate across our... More
December 10, 2020 8:04 AM EST
Adobe Systems (NASDAQ: ADBE) reported Q4 EPS of $2.81, $0.15 better than the analyst estimate of $2.66. Revenue for the quarter came in at $3.42 billion versus the consensus estimate of $3.36 billion.
GUIDANCE:
Adobe Systems sees Q1 2021 EPS of $2.78, versus the consensus of $2.59. Adobe... More
