Stifel Nicolaus Downgrades Adobe (ADBE) to Hold
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UBS Lifts PT on Adobe (ADBE) to $46 Post Q1; Creative Cloud Sees Momentum
March 20, 2013 11:35 AM EDTUBS boosted estimates and its price target on Adobe (NASDAQ: ADBE) from $42 to $46 following Q1 results. The firm maintained a Buy rating.
The analyst comments: "Creative Cloud net new subs of 153K was up 16% q/q vs. down guidance and UBSe... More
Goldman Sachs Raises PT, Maintains Sell on Adobe (ADBE)
March 20, 2013 10:47 AM EDTGoldman Sachs today maintained a Sell rating on Adobe (NASDAQ: ADBE) and raised its price target to $34.00 (from $30.00).
"We are raising our 12 month price target from $30 to $34 as we increase our multiples given the company's successful execution thus far in its subscription transition," said... More
Jefferies Raises Numbers on Adobe (ADBE) Post Q1, But Stays on Sidelines
March 20, 2013 7:55 AM EDTJefferies bumped estimates and its price target on Adobe (NASDAQ: ADBE) from $41 to $43 following Q1 results but maintained a Hold rating.
The firm comments, "ADBE beat on revs/ EPS, but importantly on CC sub adds and ARR, deferred rev and... More
Adobe (ADBE) Guides Q2, Boosts FY13 Outlook
March 19, 2013 4:25 PM EDTAdobe (Nasdaq: ADBE) issued guidance on its quarterly call Tuesday.
The company sees Q213 EPS of $0.29 - $0.35 and revs of $975 million to $1.025 billion. The Street is looking for EPS of $0.34 and revs of $1.02 billion.
For FY13, Adobe raised its EPS... More
Adobe Systems, Inc. (ADBE) Tops Q1 EPS by 4c
March 19, 2013 4:03 PM EDTAdobe Systems, Inc. (NASDAQ: ADBE) reported Q1 EPS of $0.35, $0.04 better than the analyst estimate of $0.31. Revenue for the quarter came in at $1.01 billion versus the consensus estimate of $986 million.
Creative Cloud is quickly becoming mainstream, with the overwhelming majority of Creative purchases on... More
