|Bid||276.48 x 900|
|Ask||276.53 x 800|
|Day's range||275.89 - 279.58|
|52-week range||204.95 - 313.11|
|Beta (3Y monthly)||1.10|
|PE ratio (TTM)||49.12|
|Earnings date||12 Dec. 2019|
|Forward dividend & yield||N/A (N/A)|
|1y target est||313.52|
Google is up against a lot of scrutiny from U.S. regulators, which overshadows its legal win in Germany, self-driving prowess and strategic wins at traditional automakers.
Adobe, Southwest Airlines, GoDaddy, Amazon and WeWork are the companies to watch.
Adobe's (ADBE) fiscal third-quarter results benefit from increasing subscription adoption and solid momentum across Creative Cloud, Document Cloud and Experience Cloud.
(Bloomberg) -- Adobe Inc. gave a revenue forecast for the current period that fell short of Wall Street estimates, signaling slower sales growth for its newer marketing products.Revenue will be about $2.97 billion in the period ending in November, the San Jose, California-based company said Tuesday in a statement. Analysts projected $3.02 billion, according to data compiled by Bloomberg.Chief Executive Officer Shantanu Narayen has made several acquisitions in the past two years for marketing and e-commerce products to boost revenue, which has climbed at least 20% each quarter since 2015. While the company has put more emphasis on corporate applications to compete with rivals Salesforce.com Inc. and Oracle Corp., it also recently unveiled new augmented reality and 3D-imaging technology to maintain its advantage as the leader in creative software such as its flagship product, Photoshop.Sales from Adobe’s experience cloud division, which includes marketing, analytics and e-commerce tools, are projected to increase 23% in the current period after climbing 34% in the fiscal third quarter. Executives said products gained from its 2018 acquisition of Marketo aren’t growing as fast as anticipated. Adobe plans to invest more money to boost sales in the unit, according to prepared remarks from Chief Financial Officer John Murphy.Murphy said Adobe also has had challenges generating bookings for its Analytics Cloud, which sits atop a new Experience Platform meant to connect clients’ data. The company believes the ongoing global introduction of the software platform will lift revenue, he said.Adobe’s shares declined about 3% in extended trading after closing at $284.69 in New York. The stock has climbed 26% this year after a 29% gain in 2018.Profit, excluding some items, will be $2.25 per share in current quarter, the company said. Analysts estimated $2.30 a share.In the period ended Aug. 30, sales jumped 24% to $2.83 billion from a year earlier. Adjusted profit was $2.05 a share. Analysts projected profit of $1.97 a share on revenue of $2.82 billion.Sales in the creative cloud division, which includes Photoshop, jumped 22% to $1.96 billion in the quarter and are projected to increase 20% in the current period.(Updates with additional details on experience cloud’s slower growth in fifth paragraph.)To contact the reporter on this story: Nico Grant in San Francisco at email@example.comTo contact the editors responsible for this story: Jillian Ward at firstname.lastname@example.org, Andrew Pollack, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Adobe (ADBE) delivered earnings and revenue surprises of 4.06% and 0.85%, respectively, for the quarter ended August 2019. Do the numbers hold clues to what lies ahead for the stock?
What investors might expect from the Fed's two-day policy meeting as Wall Street awaits another rate cut. The latest global oil news after the weekend's attacks on Saudi Arabia. Positive U.S. economic updates. And why JLL stock looks like a buy - Free Lunch
Investing.com -- Saudi Arabia updates the world on the outlook for restoring lost oil supplies, while the Federal Reserve begins a two-day policy meeting that's still - just - expected to end in what would be the second 25 basis-point cut in the target range for Fed funds this year. And there's mixed news on the IPO front. Here's what you need to know in financial markets on Tuesday, 17th September.
Cloud software giant Adobe (ADBE) is set to report its third quarter results after the closing bell on Tuesday.
The Zacks Analyst Blog Highlights: Intel, Adobe Systems, Mondelez International, Morgan Stanley and Arista Networks
FedEx, Adobe Systems, General Mills, Darden Restaurants and Apple are part of Zacks Earnings Preview
Investors will turn their attention to Washington this week, as the Federal Open Market Committee gears up for its two-day meeting and representatives from big tech companies head to Capitol Hill to testify.