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Adobe (ADBE) Posts Positive Creative Cloud Subscriber Surprise in Q2 - Jefferies

June 19, 2013 7:00 AM EDT

Jefferies reiterated a Hold rating but bumped its price target on Adobe (NASDAQ: ADBE) from $43 to $45 following Q2 results after the close which included a positive creative cloud subscriber surprise.

Analyst Ross MacMillan said, "Following our mixed survey results from 5/28, ADBE positively... More

Adobe Systems, Inc. (ADBE) Tops Q2 EPS by 2c; Issues Q3 Outlook

June 18, 2013 4:06 PM EDT

Adobe Systems, Inc. (Nasdaq: ADBE) reported Q2 EPS of $0.36, $0.02 better than the analyst estimate of $0.34. Revenue for the quarter came in at $1.01 billion versus the consensus estimate of $1.01 billion.

Adobe ended Q2 with 700 thousand paid Creative Cloud subscriptions, an increase of 221 thousand... More