Adobe Systems (ADBE) Authorizes $15 Billion Stock Repurchase Program

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Go back to Adobe Systems (ADBE) Authorizes $15 Billion Stock Repurchase Program

Adobe (ADBE) PT Raised to $600 at Cowen

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

Adobe Systems (ADBE) Tops Q4 EPS by 15c, Offers Q1 and FY Guidance

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