Media coverage about Adobe Systems (NASDAQ:ADBE) has been trending somewhat positive recently, Accern reports. The research group identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Adobe Systems earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned press coverage about the software company an impact score of 46.1775981872134 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern’s rankings:
- Will Adobe Systems Incorporated (NASDAQ:ADBE) Digital Transformation Pay Off? – Stock Traders Daily (news.stocktradersdaily.com)
- Hate Risk? Then You'll Love These 2 Stocks (finance.yahoo.com)
- Adobe’s Answer To The Looming Data Scientist Shortage: The Adobe Analytics Challenge (finance.yahoo.com)
- Cadence (CDNS) Hits 52-Week High on Strong Product Adoption (revised) (finance.yahoo.com)
- Adobe Systems, Inc. breached its 50 day moving average in a Bullish Manner : ADBE-US : October 9, 2017 (finance.yahoo.com)
A number of research analysts have commented on the company. Bank of America Corporation reaffirmed a “buy” rating and set a $184.00 target price (up previously from $160.00) on shares of Adobe Systems in a report on Wednesday, June 21st. Credit Suisse Group reaffirmed a “positive” rating and set a $170.00 target price (up previously from $160.00) on shares of Adobe Systems in a report on Wednesday, September 20th. Robert W. Baird reaffirmed a “buy” rating and set a $160.00 target price on shares of Adobe Systems in a report on Friday, September 1st. Pivotal Research downgraded Adobe Systems from a “hold” rating to a “sell” rating and increased their target price for the stock from $109.00 to $112.00 in a report on Monday, June 12th. Finally, Zacks Investment Research downgraded Adobe Systems from a “hold” rating to a “sell” rating in a report on Thursday, September 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $158.16.
Shares of Adobe Systems (NASDAQ:ADBE) traded up 0.43% during trading on Tuesday, hitting $152.15. The company had a trading volume of 2,817,629 shares. Adobe Systems has a 12-month low of $98.00 and a 12-month high of $157.89. The stock has a market cap of $75.00 billion, a PE ratio of 47.83 and a beta of 0.99. The firm has a 50 day moving average of $151.80 and a 200 day moving average of $142.93.
Adobe Systems (NASDAQ:ADBE) last issued its earnings results on Tuesday, September 19th. The software company reported $1.10 EPS for the quarter, beating the consensus estimate of $1.01 by $0.09. The company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Adobe Systems had a net margin of 23.06% and a return on equity of 21.40%. The business’s revenue for the quarter was up 25.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS. On average, analysts forecast that Adobe Systems will post $4.22 earnings per share for the current fiscal year.
In related news, EVP Ann Lewnes sold 1,953 shares of the company’s stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $144.00, for a total value of $281,232.00. Following the completion of the sale, the executive vice president now owns 59,991 shares in the company, valued at approximately $8,638,704. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Charles M. Geschke sold 25,000 shares of the company’s stock in a transaction on Thursday, July 13th. The shares were sold at an average price of $145.16, for a total transaction of $3,629,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 53,359 shares of company stock valued at $7,868,382 in the last quarter. Corporate insiders own 0.38% of the company’s stock.
Adobe Systems Company Profile
Adobe Systems Incorporated is a software company. The Company offers products and services used by professionals, marketers, knowledge workers, application developers, enterprises and consumers for creating, managing, delivering, measuring, optimizing and engaging with compelling content and experiences.
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